Alexei Moskov, the chairman of Renova’s executive board, said that the company is mulling the purchase of multiple projects in the country. Moskov did not comment on any specific projects the company was looking into, Prime reports.
“We are considering a large number of projects in South Africa and in Africa in general, we already have several potential deals in South Africa, but we are not providing comments until they are closed,” Moskov said, according to Prime.
Renova and Waterpan Mining Consortium, a South African company, presented unbinding officers in April to First Uranium to purchase the Ezulwini mine for $80 million.
At the close of 2010, the measured and indicated resources of the Ezulwini mine were 654,600 pounds of uranium and 2.655 million ounces of gold. In 2011, uranium output totaled 87,340 pounds and gold output was 47,435 ounces.