Latest News
27 November 2009
Orsu Announces Agreement to Settle Class Action Claim
Orsu Metals Corporation announces an agreement to settle the Claim for CAD$2.2 million, which shall be shared equally between Orsu and Orsu's insurer.
Orsu Metals Corporation announces an agreement to settle the Claim for CAD$2.2 million, which shall be shared equally between Orsu and Orsu's insurer.
24 November 2009
Orsu Metals Completes Share Consolidation
Orsu Metals Corporation announces that it has completed a consolidation of the Company’s common shares on a ten for one basis effective 24 November 2009.
Orsu Metals Corporation announces that it has completed a consolidation of the Company’s common shares on a ten for one basis effective 24 November 2009.
18 November 2009
Orsu Provides Update on Mineral Exploration Projects
Orsu Metals Corporation provides the following update of the on-going exploration work at the Talas exploration licence area in north west Kyrgyzstan.
Orsu Metals Corporation provides the following update of the on-going exploration work at the Talas exploration licence area in north west Kyrgyzstan.
12 November 2009
Interim Results for the Period Ended 30 September 2009 and 2008 (Unaudited)
Orsu Metals Corporation today reports its results for the quarter and nine months ended 30 September 2009.
Orsu Metals Corporation today reports its results for the quarter and nine months ended 30 September 2009.
12 November 2009
Orsu Announces Share Consolidation
Orsu Metals Corporation announces that the Board of Directors has approved a consolidation of the Company’s common shares on a ten for one basis to be effective 24 November 2009
Orsu Metals Corporation announces that the Board of Directors has approved a consolidation of the Company’s common shares on a ten for one basis to be effective 24 November 2009
12 November 2009
Orsu Board Changes
Orsu Metals Corporation announces changes to the Board of Directors and management, effective from 12 November 2009, following the sale of the Company’s Varvarinskoye gold-copper project in Kazakhstan to OJSC Polymetal
Orsu Metals Corporation announces changes to the Board of Directors and management, effective from 12 November 2009, following the sale of the Company’s Varvarinskoye gold-copper project in Kazakhstan to OJSC Polymetal
2 November 2009
Orsu Metals completes the Sale of Varvarinskoye Project
Orsu Metals Corporation announces today the closing of the sale of its 100% owned Varvarinskoye gold-copper mine in northern Kazakhstan to OJSC Polymetal.
Orsu Metals Corporation announces today the closing of the sale of its 100% owned Varvarinskoye gold-copper mine in northern Kazakhstan to OJSC Polymetal.
14 October 2009
Orsu Provides Second Update on Varvarinskoye Sale
Orsu Metals Corporation and OJSC Polymetal (“Polymetal”) confirm that they have extended the long stop date relating to the previously announced definitive sale and purchase agreement (the “SPA”) of Orsu’s Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. No commercial terms of the SPA have been amended and the parties expect to close the transaction prior to the extended long stop date of 30 October 2009 upon receipt of final third party approvals.
Orsu Metals Corporation and OJSC Polymetal (“Polymetal”) confirm that they have extended the long stop date relating to the previously announced definitive sale and purchase agreement (the “SPA”) of Orsu’s Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. No commercial terms of the SPA have been amended and the parties expect to close the transaction prior to the extended long stop date of 30 October 2009 upon receipt of final third party approvals.
6 October 2009
Holding(s) in Company
Orsu Metals Corporation announces that on 5 October 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 2 October 2009 Charlemagne is interested in 71,039,214 or 15.55% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 72,188,214 Ordinary Shares or 15.80% of the total number of shares in issue.
Orsu Metals Corporation announces that on 5 October 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 2 October 2009 Charlemagne is interested in 71,039,214 or 15.55% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 72,188,214 Ordinary Shares or 15.80% of the total number of shares in issue.
14 September 2009
Orsu Provides Update on Varvarinskoye Sale
Orsu Metals Corporation and OJSC Polymetal (“Polymetal”) are pleased to confirm that they have extended the long stop date relating to the previously announced definitive sale and purchase agreement (the “SPA”) of Orsu’s Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. No commercial terms of the SPA have been amended and the parties expect to close the transaction prior to the extended long stop date of 13 October 2009 upon receipt of final third party approvals.
Orsu Metals Corporation and OJSC Polymetal (“Polymetal”) are pleased to confirm that they have extended the long stop date relating to the previously announced definitive sale and purchase agreement (the “SPA”) of Orsu’s Varvarinskoye Gold-Copper Project in Kazakhstan to Polymetal. No commercial terms of the SPA have been amended and the parties expect to close the transaction prior to the extended long stop date of 13 October 2009 upon receipt of final third party approvals.
8 September 2009
Orsu Announces Resignation of COO
Orsu announces that effective from 4 September 2009 and in conjunction with the intended sale of the Company’s Varvarinskoye gold-copper project in Kazakhstan, Mr Randy Reichert has tendered his resignation from the position of Chief Operating Officer (“COO”) to pursue other business interests. As COO, Mr Reichert’s primary responsibility within Orsu was managing and supervising the operations of the Varvarinskoye Project and its gold-copper production.
Orsu announces that effective from 4 September 2009 and in conjunction with the intended sale of the Company’s Varvarinskoye gold-copper project in Kazakhstan, Mr Randy Reichert has tendered his resignation from the position of Chief Operating Officer (“COO”) to pursue other business interests. As COO, Mr Reichert’s primary responsibility within Orsu was managing and supervising the operations of the Varvarinskoye Project and its gold-copper production.
13 August 2009
Interim Results for the Period Ended 30 June 2009 and 2008
Orsu reports its unaudited results for the quarter and six months ended 30 June 2009
Orsu reports its unaudited results for the quarter and six months ended 30 June 2009
10 July 2009
2009 Annual and Special Meeting Statement
The Directors of Orsu are pleased to announce that at an Annual and Special Meeting of Shareholders held at 10am today, shareholders approved all resolutions proposed.
The Directors of Orsu are pleased to announce that at an Annual and Special Meeting of Shareholders held at 10am today, shareholders approved all resolutions proposed.
6 July 2009
Holding(s) in Company
Orsu Metals Corporation announces that on 6 July 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 3 July 2009 Charlemagne is interested in 72,188,214 or 15.80% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 73,041,214 Ordinary Shares or 15.98% of the total number of shares in issue.
Orsu Metals Corporation announces that on 6 July 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 3 July 2009 Charlemagne is interested in 72,188,214 or 15.80% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 73,041,214 Ordinary Shares or 15.98% of the total number of shares in issue.
23 June 2009
Orsu Provides Notice of 2009 Annual and Special Meeting of Shareholders
Orsu Metals Corporation announces that the Company's forthcoming Annual and Special Meeting of Shareholders will be held at 1 Red Place, London, W1K 6PL, United Kingdom on 10 July 2009 at 10.00am BST.
Orsu Metals Corporation announces that the Company's forthcoming Annual and Special Meeting of Shareholders will be held at 1 Red Place, London, W1K 6PL, United Kingdom on 10 July 2009 at 10.00am BST.
18 June 2009
Holding(s) in Company
Orsu Metals Corporation announces that on 18 June 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 18 June 2009 Charlemagne is interested in 73,041,214 or 15.98% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 74,694,536 Ordinary Shares or 16.35% of the total number of shares in issue.
Orsu Metals Corporation announces that on 18 June 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 18 June 2009 Charlemagne is interested in 73,041,214 or 15.98% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 74,694,536 Ordinary Shares or 16.35% of the total number of shares in issue.
15 June 2009
Sale of Varvarinskoye Project
Orsu Metals Corporation (“Orsu” or the “Company”) (TSX: OSU, AIM: OSU) announces the signing of a definitive sale and purchase agreement (the “SPA”) to sell its Varvarinskoye Gold-Copper Project in Kazakhstan (the “Varvarinskoye Project”) to OJSC Polymetal (“Polymetal”).
Orsu Metals Corporation (“Orsu” or the “Company”) (TSX: OSU, AIM: OSU) announces the signing of a definitive sale and purchase agreement (the “SPA”) to sell its Varvarinskoye Gold-Copper Project in Kazakhstan (the “Varvarinskoye Project”) to OJSC Polymetal (“Polymetal”).
1 June 2009
Holding(s) in Company
Orsu Metals Corporation announces that on 1 June 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 29 May 2009 Charlemagne is interested in 74,694,536 or 16.35% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 75,011,536 Ordinary Shares or 16.42% of the total number of shares in issue.
Orsu Metals Corporation announces that on 1 June 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 29 May 2009 Charlemagne is interested in 74,694,536 or 16.35% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 75,011,536 Ordinary Shares or 16.42% of the total number of shares in issue.
15 May 2009
Interim Results for the Period Ended 31 March 2009 and 2008
Orsu reports its unaudited results for the quarter and six months ended 31 March 2009.
Orsu reports its unaudited results for the quarter and six months ended 31 March 2009.
13 May 2009
Orsu Provides Update on Mineral Exploration Projects
Orsu is pleased to provide an update of on-going work at the Talas and Tokhtazan exploration licence areas of north west Kyrgyzstan and the Karchiga exploration area of north east Kazakhstan.
Orsu is pleased to provide an update of on-going work at the Talas and Tokhtazan exploration licence areas of north west Kyrgyzstan and the Karchiga exploration area of north east Kazakhstan.
12 May 2009
Orsu Announces Amendment of Offtake Agreement
Orsu announces that it has signed an amended and restated offtake agreement with Trafigura Beheer B.V., Netherlands (“Trafigura”) for the purchase of JSC Varvarinskoye’s (“Varvarinskoye”) copper concentrate product.
Orsu announces that it has signed an amended and restated offtake agreement with Trafigura Beheer B.V., Netherlands (“Trafigura”) for the purchase of JSC Varvarinskoye’s (“Varvarinskoye”) copper concentrate product.
5 May 2009
Holding(s) in Company
Orsu Metals Corporation announces that on 5 May 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 4 May 2009 Charlemagne is interested in 75,011,536 or 16.42% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 76,181,744 Ordinary Shares or 16.67% of the total number of shares in issue.
Orsu Metals Corporation announces that on 5 May 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 4 May 2009 Charlemagne is interested in 75,011,536 or 16.42% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 76,181,744 Ordinary Shares or 16.67% of the total number of shares in issue.
24 April 2009
Orsu Announces Annual Results for the Year Ended 31 December 2008
Orsu reports its unaudited results for the period ended 31 December 2008.
Orsu reports its unaudited results for the period ended 31 December 2008.
24 April 2009
Orsu Announces Filing of Annual Financial Statements, MD&A and AIF
Orsu announces that it has completed its annual consolidated financial statements and related audit, and has filed the annual consolidated financial statements, management discussion and analysis and annual information form for the Company's financial year ended December 31, 2008 (the “Annual Materials”).
Orsu announces that it has completed its annual consolidated financial statements and related audit, and has filed the annual consolidated financial statements, management discussion and analysis and annual information form for the Company's financial year ended December 31, 2008 (the “Annual Materials”).
9 April 2009
Orsu Provides Second Default Status Report
Orsu Metals Corporation is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
Orsu Metals Corporation is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
1 April 2009
Orsu Provides Update on Varvarinskoye Refinancing
Orsu Metals Corporation announces that further to its press releases dated 8 January 2009 and 27 February 2009, it is continuing discussions with Investec Bank plc, Nedbank Limited, Natixis Bank (collectively, the “Banks”) and Export Credit Insurance Corporation of South Africa (“ECIC”) regarding the restructuring of the loan repayments and hedging obligations, due by the Company’s wholly-owned subsidiary, Joint Stock Company Varvarinskoye (“JSCV”), under its loan and hedging facilities.
Orsu Metals Corporation announces that further to its press releases dated 8 January 2009 and 27 February 2009, it is continuing discussions with Investec Bank plc, Nedbank Limited, Natixis Bank (collectively, the “Banks”) and Export Credit Insurance Corporation of South Africa (“ECIC”) regarding the restructuring of the loan repayments and hedging obligations, due by the Company’s wholly-owned subsidiary, Joint Stock Company Varvarinskoye (“JSCV”), under its loan and hedging facilities.
27 March 2009
Orsu Provides First Default Status Report
Orsu Metals Corporation is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
Orsu Metals Corporation is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").
17 March 2009
Varvarinskoye Technical Report Filed on SEDAR
Orsu Metals Corporation announces that further to the review and update of the mineral reserve and resource estimates at Orsu’s 100%-owned Varvarinskoye gold-copper mine, Kazakhstan (“Varvarinskoye”) previously-released on 30 January 2009, the Company announces that a reserve update entitled "Varvarinskoye Cu/Au Open Pit Mine – Kazakhstan Mine Planning Study" was completed by Orelogy Pty Ltd., Australia. This report is available to view on SEDAR (www.sedar.com) and on the Company's website at www.orsumetals.com.
Orsu Metals Corporation announces that further to the review and update of the mineral reserve and resource estimates at Orsu’s 100%-owned Varvarinskoye gold-copper mine, Kazakhstan (“Varvarinskoye”) previously-released on 30 January 2009, the Company announces that a reserve update entitled "Varvarinskoye Cu/Au Open Pit Mine – Kazakhstan Mine Planning Study" was completed by Orelogy Pty Ltd., Australia. This report is available to view on SEDAR (www.sedar.com) and on the Company's website at www.orsumetals.com.
13 March 2009
Orsu Metals Corporation Announces Delay in Filing 2008 Annual Financial Statements, MD&A and AIF
Orsu Metals Corporation ("Orsu", or the "Company") (TSX: OSU, AIM: OSU) announces that there will be a short delay in filing its Annual Audited Financial Statements, Management Discussion & Analysis (“MD&A”) and Annual Information Form (“AIF”) for the Company’s financial year ended 31 December 2008, as required by National Instrument 51-102 Continuous Disclosure Obligations.
Orsu Metals Corporation ("Orsu", or the "Company") (TSX: OSU, AIM: OSU) announces that there will be a short delay in filing its Annual Audited Financial Statements, Management Discussion & Analysis (“MD&A”) and Annual Information Form (“AIF”) for the Company’s financial year ended 31 December 2008, as required by National Instrument 51-102 Continuous Disclosure Obligations.
2 March 2009
Holding(s) in Company
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 2 March 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 1 March 2009 Charlemagne is interested in 76,181,744 or 16.67% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 76,298,244 Ordinary Shares or 16.70% of the total number of shares in issue.
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 2 March 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 1 March 2009 Charlemagne is interested in 76,181,744 or 16.67% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 76,298,244 Ordinary Shares or 16.70% of the total number of shares in issue.
27 February 2009
Orsu Receives Full Approval for Extension of Principal Payment Deadline
Orsu Metals Corporation confirms that further to the announcement dated 8 January 2009, all necessary approvals from Export Credit Insurance Corporation, South Africa (“ECIC”) for the extension of the deadline for the Company's principal debt payment of US$16.65 million to 31 March 2009 have now been received.
Orsu Metals Corporation confirms that further to the announcement dated 8 January 2009, all necessary approvals from Export Credit Insurance Corporation, South Africa (“ECIC”) for the extension of the deadline for the Company's principal debt payment of US$16.65 million to 31 March 2009 have now been received.
3 February 2009
Holding(s) in Company
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 2 February 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 1 February 2009 Charlemagne is interested in 76,298,244 or 16.70% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 77,045,437 Ordinary Shares or 16.86% of the total number of shares in issue.
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 2 February 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, as at 1 February 2009 Charlemagne is interested in 76,298,244 or 16.70% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 77,045,437 Ordinary Shares or 16.86% of the total number of shares in issue.
30 January 2009
Orsu Updates Mineral Reserves and Resources at Varvarinskoye Mine
Orsu Metals Corporation announces the completion of a detailed review and update of the mineral reserve and resource estimates at Orsu’s 100%-owned Varvarinskoye gold-copper mine, Kazakhstan.
Orsu Metals Corporation announces the completion of a detailed review and update of the mineral reserve and resource estimates at Orsu’s 100%-owned Varvarinskoye gold-copper mine, Kazakhstan.
8 January 2009
Orsu Announces Update on Extension of Principal Payment Deadline
Orsu Metals Corporation announces that its existing lending syndicate, comprised of Investec Bank Limited, Nedbank Limited and Natixis Bank (collectively, the ”Lenders”), has conditionally approved the extension of the deadline for the Company's principal debt payment of US$16.65 million to 31 March 2009.
Orsu Metals Corporation announces that its existing lending syndicate, comprised of Investec Bank Limited, Nedbank Limited and Natixis Bank (collectively, the ”Lenders”), has conditionally approved the extension of the deadline for the Company's principal debt payment of US$16.65 million to 31 March 2009.
6 January 2009
Holdings in Company
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 6 January 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, it is interested in 77,045,437 or 16.86% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 73,906,203 Ordinary Shares or 16.17% of the total number of shares in issue.
Orsu Metals Corporation (“Orsu”, or the “Company”) (TSX: OSU, AIM: OSU), the London-based precious and base metals mining, production, exploration and development company, announces that on 6 January 2009 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, it is interested in 77,045,437 or 16.86% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 73,906,203 Ordinary Shares or 16.17% of the total number of shares in issue.