Forsys Metals Corp.
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Forsys Metals Corp.
Forsys Metals is a Canadian mining company with gold and uranium operations in Namibia, particularly the Norasa uranium project. As of November 2011 the company had market capitalization of about CDN$55 million. Forsys was listed on the Toronto Venture Exchange in September 2004, and moved up to the Toronto Stock Exchange in October 2006. In July 2005 Forsys acquired a 90% interest in the Valencia uranium deposit in Namibia and in March 2007 raised its position to 100% ownership. Based on prospecting on the property, Forsys filed a technical report estimating Valencia reserves in June 2007. After clearing environmental requirements, in August 2008 the Namibian government granted Forsys a 25-year mining licence for Valencia. In November 2008 George Arthur Forrest attempted to buy Forsys Metals through a subsidiary of his Forrest Group The Forrest Group (also Groupe Forrest) is a group of companies founded around the mining industry in 1922. As of 2018, the Forrest Group is activ ...
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Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and east. Although Kazungula, it does not border Zimbabwe, less than 200 metres (660 feet) of the Botswanan right bank of the Zambezi, Zambezi River separates the two countries. Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU) and the Commonwealth of Nations. The driest country in sub-Saharan Africa, Namibia has been inhabited since pre-historic times by the San people, San, Damara people, Damara and Nama people. Around the 14th century, immigration, immigrating Bantu peoples arrived as part of the Bantu expansion. Since ...
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Norasa Uranium Project
The Norasa uranium project comprises the Valencia and Namibplaas deposits in Erongo Region in the western part of Namibia. The two parts are apart and both are fully owned by Forsys Metals. It represents one of the largest uranium resources in Namibia, having an estimated resource of 48,200 tU in ore grading 0.014-0.0167% uranium. The Valencia deposit was named after the farm where the uranium deposits were found. If built, the mine was expected to produce 18 million tonnes of uranium a year over an 11-year period. The mine is developed by Forsys Metals. History The Valencia deposit was discovered by Trekkopje Exploration in 1972. In 1994, a licence was granted to Tsumeb Corp. a subsidiary of Gold Fields Gold Fields Limited (formerly The Gold Fields of South Africa) is one of the world's largest gold mining firms. Headquartered in Johannesburg, South Africa, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Sto .... In 2004, the lic ...
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George Arthur Forrest
George Arthur Forrest (born 1940) is a Belgian entrepreneur, owner of the Forrest Group (''Groupe Forrest''), a group of companies founded in the Belgian Congo in 1922 and active in wind power and hydroelectric energy, construction, mines and metallurgy, biological food and aviation. He has been described as a philanthropic employer. Forrest is reported to be one of the richest men in Congo. Background George Arthur Forrest was born in 1940 in Lubumbashi in what is now the Democratic Republic of the Congo (DRC). He was the son of an Irish immigrant. His father, Malta Forrest, had founded l'Entreprise Générale Malta Forrest (EGMF) in 1922 in Katanga Province in the south of the Belgian Congo. The company started as a transport company, then moved into mining and then into civil engineering. In 1968 it became a limited liability company, with George Forrest and his adoptive brother Victor Eskenazi-Forrest as Managing Directors. In 1986, after his brother died, George Forrest took ...
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Forrest Group
The Forrest Group (also Groupe Forrest) is a group of companies founded around the mining industry in 1922. As of 2018, the Forrest Group is active primarily in Central and East Africa. It is owned by George Arthur Forrest, a Belgian entrepreneur of New Zealand descent. Early history Malta Forrest launched ''l'Entreprise Générale Malta Forrest'' (EGMF), a transport company, in 1922, in Katanga Province in the south of the Belgian Congo. In 1933, the company moved into mining gold, copper and manganese in the Kolwezi, Musonoi and Kasekelesa mines. In 1951, the company undertook the mining and civil engineering works to open the Kisenge manganese mine. In the early 1950s, it broadened out into public works and civil engineering, building the roads, sewerage system and airport for the mining city of Kolwezi. Around this time, the firm began to focus on civil engineering in the western Katanga copper belt. Victor Eskenazi-Forrest, Malta Forrest’s adoptive son, helped his father ...
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Companies Listed On The Toronto Stock Exchange
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