http://www.miningweekly.com

Global Mining News in real time

Uranium News

Paladin raises another $50m

By: Esmarie Swanepoel Uranium miner Paladin Energy will issue a further $50-million in convertible bonds to China Investment Corporation (CIC), giving the miner additional flexibility to reduce its debt. In February, Paladin raised $100-million through convertible bonds, which were issued to institutional,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Western Uranium advances Black Range takeover

By: Esmarie Swanepoel Uranium developer Black Range Minerals has executed a definitive merger implementation agreement with Canada’s Western Uranium. In January, Western Uranium launched an A$18.5-million takeover offer for ASX-listed Black Range, offering one of its own shares for every 750 Black Range shares held.  

Uranium Resources secures further $200 000 loan from shareholder

By: Natalie Greve Aim-listed Uranium Resources has entered into a further $200 000 unsecured loan facility agreement with its major shareholder and strategic investor Estes for the period to January 1, 2016. The loan, which would bear interest at London Interbank Offered Rate, would be used to fund working capital... 

Queensland uranium ban to benefit Western Australia – Marmion

By: Esmarie Swanepoel The Western Australian government has gleefully welcomed reports that Queensland was considering re-instituting a ban on uranium mining, with Mines and Petroleum Minister Bill Marmion saying the decision would allow Western Australia to capitalise on investment in the sector. While the... 

Forsys stock rallies on ‘robust’ feasibility study for ‘construction ready’ Namibia project

By: Henry Lazenby Namibia-focused uranium project developer Forsys Metals has reported a 14.8% rise in reserves, higher yearly and life-of-mine output and lower operating costs for its Norasa uranium project, in the Erongo region, following the completion of a feasibility study (FS). Norasa comprises the Valencia... 

QRC laments news of new Queensland uranium ban

By: Esmarie Swanepoel The Queensland Resources Council (QRC) lamented reports that the newly elected state government is considering reinstating a ban on uranium mining. Queensland Minister for State Development, Natural Resources and Mines Anthony Lynham reportedly confirmed that a prohibition on uranium mining... 

Areva says SA nuclear ambitions intact despite major restructuring plan 

By: Terence Creamer French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for 2014. Areva has announced... 

Areva says SA nuclear ambitions intact despite major restructuring plan
Photo by Duane Daws
Areva South Africa MD Dr Yves Guenon

Bannerman launches SPP to raise funds

By: Esmarie Swanepoel ASX- and TSX-listed Bannerman Resources was hoping to raise up to A$2-million through a share purchase plan (SPP), announced on Thursday. The SPP would allow eligible shareholders to subscribe for up to A$15 000 of new shares, priced at 5.2c each. The SPP would open on March 11, and would close... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

Low-cost US uranium miners await price signal to boost output

By: Reuters Three US uranium producers say they are poised to ratchet up production quickly if prices swing higher after a four-year slump. The uranium spot price has bounced off the bottom it hit following Japan's 2011 Fukushima disaster, but it remains below the level needed to boost production. 

Subscription Offer: Two-years for the price of one

Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to: 

Subscription Offer: Two-years for the price of one

Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

Kibo enters two JVs with Metal Tiger for gold and uranium projects

By: Megan van Wyngaardt Tanzania focused exploration and development company Kibo Mining has completed due diligence on its Morogoro South gold-prospective exploration portfolio and has started its 50/50 joint venture (JV) activities with investing company Metal Tiger. The portfolio, which consists of 18 licences,... 

Kibo enters two JVs with Metal Tiger for gold and uranium projects

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Alliance rejects Quasar’s A$57.6m offer for Four Mile stake

By: Esmarie Swanepoel ASX-listed Alliance Resources on Monday rejected a A$57.6-million offer from its joint venture partner Quasar Resources to gain full control of the Four Mile uranium project, in South Australia. The offer was made for Alliance’s 25% share of the project and for its share of the uranium oxide... 

EPA approves expanded Wiluna plan

By: Esmarie Swanepoel The Western Australian Environmental Protection Authority (EPA) has approved the environmental scoping document for the Wiluna project extension, developer Toro Energy reported on Wednesday. Under the expansion project, Toro would integrate the Millipede and Lake Maitland deposits into its... 

Opposition calls on President to back Minister on developmental pricing issue

By: Martin Creamer Amidst apparent disagreement in his Cabinet about mining policy, President Jacob Zuma needed to step in and provide leadership so that potential mining investors had certainty about South Africa’s mining policy, Shadow Democratic Alliance (DA) Mineral Resources Minister James Lorimer has urged in... 

Opposition calls on President to back Minister on developmental pricing issue
Photo by DA.org.za
James Lorimer

Anatolia's Turkish project proves profitable

By: Esmarie Swanepoel A prefeasibility study (PFS) into the Temrezli ISR uranium project, in Turkey, confirmed the project to be technically low risk, but highly profitable, ASX-listed Anatolia Energy reported on Monday. The PFS was based on a central processing plant delivering 1.2-million tonnes a year of uranium... 

Rio Tinto reports fire at Namibia uranium mine

By: Natalie Greve Rio Tinto has reported that a fire that broke out at its Namibia-based Rössing uranium mine’s final product recovery (FPR) plant, on Thursday, has been successfully brought under control and extinguished. The origin and cause of the fire, which broke at about 13:00 on Thursday, as well as the... 

Paladin raises $100m from convertible bonds

By: Esmarie Swanepoel Uranium miner Paladin Energy has successfully raised $100-million through convertible bonds, with the company maintaining the right to issue a further $50-million of senior, unsecured convertible bonds within the next 30 days. The senior unsecured convertible bonds, which were due in 2020, were... 

Paladin sales revenue drops on lower volumes, weaker prices

By: Esmarie Swanepoel Dual listed uranium miner Paladin Energy has reported a near $70-million drop in sales revenue for the interim period ended December, compared with the previous corresponding period. The ASX- and TSX-listed miner on Thursday reported that sales revenue for the six months declined to... 

Resources sector welcomes South Australia nuclear commission

By: Esmarie Swanepoel The Australian resources sector has welcomed the South Australian government’s decision to appoint a Royal Commission to consider the state’s nuclear energy potential. Premier Jay Weatherill appointed former South Australian Governor Kevin Scarce to lead the commission in considering the role... 

Resources sector welcomes South Australia nuclear commission

Cameco lifts Q4 earnings 14% on better uranium prices

By: Henry Lazenby Canadian uranium producer Cameco on Friday reported that its fourth-quarter net earnings rose 14% to C$73-million, or C$0.18 a share, or C$9-million year-on-year over the C$64-million, or C$0.16 a share, recorded a year earlier, as the average realised uranium price in the period increased by 6%... 

ERA widens full-year loss

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) on Friday reported an increase in its after-tax loss to $188-million for the full year ended December, compared with a loss of $136-million in 2013. Earnings during the full year were impacted by the requirement to purchase uranium oxide (U3O8)... 

Aldrin enters into Key Lake option agreement with Fission 3.0

By: Henry Lazenby Project generators Aldrin Resource Corp and Fission 3.0 have entered into an option agreement that could see Aldrin acquire interest of up to a 50% in Fission’s Key Lake property package in the south-eastern Athabasca basin region. Under the terms of the option agreement, Aldrin had agreed to... 

Japanese may have key to unlocking Springbok Flats coal 

By: Martin Creamer The Japanese may have the key to the unlocking of South Africa’s Springbok Flats where uranium contamination has inhibited coal mining for decades. XMP Consulting geologist Gerhard Esterhuizen has told the IHS Energy South African Coal Exports Conference 2015 that the Japanese claim to have a... 

Japanese may have key to unlocking Springbok Flats coal

Canada's Western Uranium targets Black Range

By: Esmarie Swanepoel Uranium developer Black Range Minerals has become a takeover target for Canada’s Western Uranium Corporation, which on Friday launched an A$18.5-million offer for the Australian company. Western Uranium was offering one of its own shares for every 750 Black Range shares held, with the offer... 

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Investors to blame for supporting dithering juniors

By: Henry Lazenby In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

Paladin lowers 2015 guidance, studies reopening of Malawi mine  

By: Esmarie Swanepoel Uranium miner Paladin Energy on Monday reported a 79% quarter-on-quarter increase in sales revenue for the three months ended December. Total sales for the December quarter reached 1.91-million pounds uranium oxide (U3O8), with an average selling price of $36.58/lb, generating revenue of... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.04Change: 0.08
R/$ = 12.05Change: 0.25
Au 1186.86 $/ozChange: 1.06
Pt 1142.00 $/ozChange: 1.50
 
Subscribe Now for $96
Subscribe Now for $96 Close