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Uranium News

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

ERA reveals closure plans for Ranger

By: Esmarie Swanepoel     11th June 2018 Uranium miner Energy Resources of Australia (ERA) has released the closure plan for its Ranger mine, in the Northern Territory, which is required to cease mining and processing activities by January 2021. The final rehabilitation of the project area will be completed by January 2026, ERA said... 

Laramide increases private placement to C$3.3m

By: Nadine James     8th June 2018 Uranium miner Laramide Resources has increased the previously announced private placement from seven-million units to ten-million units, at a company price of C$0.30 a unit, for aggregate gross proceeds of up to C$3.3-million. The ASX- and TSX-listed company had, earlier this month, announced its... 

Bannerman raises A$8m for Etango

By: Esmarie Swanepoel     8th June 2018 Uranium developer Bannerman resources will raise A$8-million through the placement of more than 173.9-million shares to institutional and sophisticated investors. The placement will be priced at 4.6c a share, representing a 9.2% discount to the company’s ten-day volume weighted average price. 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Berkeley Energia lists on LSE

By: Anine Kilian     6th June 2018 Uranium miner Berkeley Energia officially listed on the LSE on Wednesday. The company also received confirmation from Spanish authorities that its shares will be admitted to trading on the Spanish Stock Exchange (SSE) soon. 

GoviEx closes C$6m private placement

By: Marleny Arnoldi     6th June 2018 TSX-listed uranium miner GoviEx has closed a private placement of 35.6-million shares at a price of C$0.17 apiece, with each unit comprising one Class A common share and one Class A common share purchase warrant, for gross proceeds of C$6-million.  

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Laramide raises funds for uranium projects

By: Esmarie Swanepoel     5th June 2018 ASX-and TSX-listed Laramide Resources will raise up to C$2.1-million through a private share placement to advance exploration and development work at its Church Rock and Crownpoint uranium properties, in the US, and its Westmoreland uranium project in Australia. Laramide will offer up to... 

Macusani lithium, uranium projects to be ‘production ready’ by 2020 – Plateau

By: Simone Liedtke     5th June 2018 The new Falchani lithium discovery area will now be included in the ongoing, now-expanded, environmental baseline study for TSX-V-listed Plateau Energy Metals’ Macusani lithium and uranium projects, in southeastern Peru. The expanded baseline study has been submitted and accepted by the Peruvian... 

ALX undertakes airborne radiometric, magnetic survey at Lazy Edward Bay project

By: Simone Liedtke     4th June 2018 A low-level, airborne radiometric and magnetic survey of about 4 000 line kilometres by Special Projects Inc (SPI) of Calgary is under way on TSX-V-listed ALX Uranium Corporation’s 100%-owned Lazy Edward Bay uranium project, in Canada. Lazy Edward Bay, which straddles the southern edge of the... 

Berkeley Energia to migrate to LSE main board this week

By: Creamer Media Reporter      4th June 2018 Uranium project developer Berkeley Energia said on Monday that its admission to the main market of the LSE and the Madrid, Valencia, Bilbao and Barcelona stock exchanges (SSE) should be effective this week. The LSE migration should occur on Wednesday, at which stage trading in the company’s... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Gupta-owned Shiva Uranium's business rescue practitioners throw in towel

By: News24Wire      31st May 2018 The business rescue practitioners (BRPs) appointed to save Gupta-owned company Shiva Uranium have resigned with immediate effect after their relationship with the state-owned Industrial Development Corporation (IDC) - the company's largest creditor – turned sour. Louis Klopper and Robert Knoop... 

 Gupta-owned Shiva Uranium's business rescue practitioners throw in towel
Atul Gupta

Australia’s energy sector should leverage automation and technology to boost competitiveness

25th May 2018 Australia’s energy resources sector could unlock a potential A$10-billion in value to the national economy if it pursues a number of transforms, a report by National Energy Resources Australia (Nera) has found. In its 2018 update to the ‘Sector Competitiveness Plan’, Nera identified... 

Australia’s energy sector should leverage automation and technology to boost competitiveness

Paladin mothballs Namibia uranium mine

By: Esmarie Swanepoel     25th May 2018 Dual-listed Paladin Energy on Friday confirmed that its Langer Heinrich uranium mine, in Namibia, was being placed on care and maintenance, but said that the low-cost openpit operation would be one of the first to resume production when the uranium market normalised. Paladin in April said that... 

Paladin mothballs Namibia uranium mine
Photo by Bloomberg
Langer Heinrich

Madaouela and Mutanga uranium projects ready for development

By: Donald Makhafola     25th May 2018 Canadian uranium company GoviEx Uranium’s two projects, the Madaouela project, in Niger, and the Mutanga project, in Zambia, are fully licensed, and the junior company is ready to start the development of these projects to improve supply to the world uranium market. “We have made several... 

Madaouela and Mutanga uranium projects ready  for development
GROWTH In addition to Madouela, GoviEx acquired a second project in Zambia to expand its portfolio and add to its Mutanga project

Probe into influence peddling to start hearings in August

By: Reuters     24th May 2018 An inquiry into allegations of influence peddling revolving around former president Jacob Zuma and businessman friends of his will begin formal public hearings in August and could take two years or more, the head of the commission said on Thursday. The allegations around Zuma, forced from office... 

Aura defines new vanadium zone at Sweden project

By: Mariaan Webb     23rd May 2018 Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase. Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide (V2O5), at a cut-off of 0.1%.... 

Kazatomprom delivers uranium to Brazil

By: Creamer Media Reporter      23rd May 2018 The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... 

Kazatomprom delivers uranium to Brazil

US top court takes up challenge to Virginia uranium mining ban

By: Reuters     21st May 2018 The US Supreme Court on Monday agreed to decide whether states have the right to ban uranium mining for public health reasons in a dispute over a moratorium Virginia put in place on the radioactive metal in 1982. The court will hear a bid by a Virginia Energy Resources Inc subsidiary and other... 

US confirms list of 35 key minerals, targets domestic supply boost

By: Reuters     21st May 2018 Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to its economic and national security and wants to produce more of domestically. The Department of Commerce will use the list, which was published by the Interior... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Berkeley appoints COO

By: Creamer Media Reporter      14th May 2018 Uranium-focused Berkeley Energia has appointed corporate executive Sean Wade as COO to identify and lead strategic business development opportunities. Prior to joining Berkeley, Wade was director of international media and investor relations at Georgia’s largest bank, TBC. During his time at the... 

Marenica adds to Namibia uranium portfolio

By: Esmarie Swanepoel     10th May 2018 ASX-listed uranium company Marenica Energy has struck a deal with fellow listed Metals Australia to acquire the Mile 72 uranium project, in Namibia. Under the terms of the agreement, Marenica will pay A$30 000 in cash and a preferential dividend of 1% of gross production from the project.  

400% price hike prompts Energy Fuels to restart vanadium recovery at White Mesa

By: Henry Lazenby     9th May 2018 A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill, in Utah, this year. The lithium-ion battery-making ingredient has reached new ten-year highs of more... 

Sustainable solutions possible for AMD treatment

By: Erin Steenhoff-Snethlage     4th May 2018 Multidisciplinary engineering consultancy WSP Africa states that while acid mine drainage (AMD) decant in the Witwatersrand gold fields and surrounds should be dealt with urgently, there is no company large enough to start a large-scale water rehabilitation programme. “The Witwatersrand gold... 

Sustainable solutions  possible for AMD treatment
Photo by Creamer Media
TACKLING ACID MINE DRAINAGE Acid mine drainage is one of the single most significant threats to South Africa’s environment and needs to be urgently addressed

NexGen gains on two new discoveries, exploration progress

By: Henry Lazenby     3rd May 2018 Vancouver-based uranium explorer NexGen Energy has reported the scintillometer results for 54 winter drill holes comprising 30 208 m from its flagship Rook I project, in Northern Saskatchewan’s Athabasca Basin, reporting positive results on targets tested and outlining two new discoveries.... 

Berkeley Energia to list on LSE, Spanish stock exchanges

By: Marleny Arnoldi     2nd May 2018 Uranium developer Berkeley Energia (currently Aim-listed) on Wednesday announced its intention to apply for admission of its ordinary shares to the main board of the LSE and to the Spanish Stock Exchanges (SSEs) of Madrid, Barcelona, Bilbao and Valencia.  

Berkeley Energia to list on LSE, Spanish stock exchanges

GoviEx completes required payment to Toshiba

By: Simone Liedtke     2nd May 2018 TSX-listed GoviEx Uranium has completed the required payment to Toshiba Corporation under the terms of a previously announced termination agreement. The agreement sets out the terms and conditions under which GoviEx and Toshiba have agreed to settle the Tranche B Bond, dated April 18, 2012, as... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Berkeley Energia targets further cost reductions at the Salamanca mine

By: Simone Liedtke     30th April 2018 Clean energy-focused Berkeley Energia has completed the financing for its Salamanca uranium project, in Spain, and is in the process of undertaking detailed final reviews to ensure the company has the most optimal capital and operating costs. A final selection of contractors is also being finalised. 

Cameco swings into the black as it focuses on what it can control – Gitzel

By: Henry Lazenby     28th April 2018 Canadian uranium major Cameco is settling into a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to... 

Cameco swings into the black as it focuses on what it can control – Gitzel

Peninsula suspends spending on Karoo projects

By: Esmarie Swanepoel     27th April 2018 Uranium miner Peninsula Energy will suspend further development of its Karoo projects, in South Africa. Peninsula in October last year announced plans to divest of its 74% interest in the Karoo projects, which consists of 40 prospecting rights over 7 800 km2, hosting Joint Ore Reserves... 

Paladin moves to mothball Namibia uranium mine

By: Esmarie Swanepoel     26th April 2018 Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation on care-and-maintenance. Paladin previously told shareholders that the medium-grade... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Namibia may scrap black ownership requirements for mining companies – minister

By: Reuters     25th April 2018 Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday. Regional peers such as Angola and Zimbabwe are also trying to... 

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