Gold One International Acquires Rand Uranium Pty.

Rand Uranium is a joint venture investment between Harmony Gold and Pamodzi Resources Fund (PRF) that makes it the ‘new kid on the block’ in South Africa’s uranium mining industry. Rand Uranium was formed when Harmony, the world’s fifth largest gold producer, entered into a binding agreement with the PRF whereby it agreed to inject the Cooke sections of its Randfontein Estates Gold Mine into the joint venture company. Rand Uranium has the potential to become a world-class uranium producer based on its substantial asset base of large surface reserves and resources.