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Uranium News

Canadian miner achieves record smelter production

     24th February 2017 Canada-based international gold mining company Dundee Precious Metals’ (DPM’s) Tsumeb copper smelter, in Tsumeb, in Namibia, achieved record smelting production in December, with quarterly concentrate production also at a record high of 61 270 t, DPM said when it announced its mine and smelter... 

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

Uranium prices ‘are turning the corner’ – Canadian developer

By: Ilan Solomons     24th February 2017 Despite the uranium prices remaining weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes that they are turning the corner and is optimistic about more price improvements. Speaking to Mining Weekly on the sidelines of the Investing in African Mining Indaba, last week,... 

Uranium prices ‘are turning the corner’ – Canadian developer
DANIEL MAJOR Recently the US and a number of European have indicated their intention to introduce new and/or bolster their existing nuclear energy supply

Uranium, diamonds present potential amid challenges

By: Kimberley Smuts     24th February 2017 The biggest potential for growth in the Namibian mining industry is uranium, notes professional services firm KPMG Namibia senior partner Robert Grant, highlighting that the country is facing tough economic conditions in addition to the impact of drought. He tells Mining Weekly that this growth... 

MAC laments Canada’s declining mining competitiveness

By: Henry Lazenby     17th February 2017 Canada's mining competitiveness is declining, while exploration and mining investment dollars are flowing offshore, a new report by the Mining Association of Canada (MAC) has found. “Very simply, Canada is not as attractive as it used to be for mineral investment and competition for those dollars... 

MAC laments Canada’s declining mining competitiveness
Photo by Agnico Eagle Mines
Agnico Eagle's Meadowbank mine, Nunavut

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Paladin swings to H1 loss on lower sales prices, volumes

By: Esmarie Swanepoel     15th February 2017 Uranium miner Paladin Energy has reported a 46% decrease in sales revenue for the six months ended December 31, compared with the previous corresponding period, on the back of a 36% fall in the sales price and a 15% decrease in volumes. During the interim period, sales volumes reached... 

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

New Bill on way to boost State involvement in mining
President Jacob Zuma

Cameco expects lower revenue for 2017 after market headwinds lead to disappointing 2016 results

By: Henry Lazenby     10th February 2017 Canadian uranium producer Cameco expects 2017 revenue to fall further to between C$1.95-billion and C$2.08-billion, based on currently committed sales volumes being weighed down by a decrease in average realised prices in the uranium segment as a result of lower prices under both fixed and... 

Cameco expects lower revenue for 2017 after market headwinds lead to disappointing 2016 results

U3O8 Corp finds higher-grade uranium/vanadium layers at key Argentina project

By: Henry Lazenby     8th February 2017 TSX-listed uranium explorer U3O8 Corp continues to build on the recent discovery of higher-grade uranium/vanadium mineralisation at La Rosada, part of the Laguna Salada project in Argentina, announcing on Tuesday that it has delineated similar channels in, and beneath, the bottom gravel layer of... 

If the future really is nuclear, Niger says it is ready for it

By: African News Agency      8th February 2017 Investing in mining production in Niger might sound a little like playing in the traffic with razor blades but delegates at the Investing in African Mining Indaba heard on Tuesday, that it is a lot better bet than it sounds on a number of levels. The country’s Mines and Energy Minister Moussa... 

Despite subdued uranium prices, GoviEx remains upbeat about industry’s prospects

By: Ilan Solomons     6th February 2017 Although uranium prices remain weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes they are turning the corner. Speaking to Mining Weekly Online on the sidelines of the Investing in African Mining Indaba, on Monday, Major acknowledged that the past few years had been... 

Despite subdued uranium prices, GoviEx remains upbeat about industry’s prospects
GoviEx Uranium CEO Daniel Major

Amendment Bill in limbo, but processes crucial

By: Sascha Solomons     3rd February 2017 While stakeholders are waiting for the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill to pass into law, it is important to not only comply with the current version of the MPRDA, but also to take into account the proposed amendments, comments Hogan Lovells partner and head... 

Amendment Bill in limbo, but processes crucial
WARREN BEECH Renewed consultation might eliminate some of the concerns on the Mineral and Petroleum Resources Development Act Amendment Bill

Global uranium production expected to reach 76 493 t in 2020

By: David Oliveira     3rd February 2017 Global uranium mine production is expected to increase at a compound annual growth rate of 4.3%, reaching 76 493 t in 2020, according to a report by research and consulting firm GlobalData. ‘Global Uranium Mining to 2020’, published last month, states that growth in production is needed to meet... 

Mining Charter ‘merely draft’ – law firm

By: Sascha Solomons     3rd February 2017 Much controversy surrounds the April 2016 publication of the draft reviewed Mining Charter, but law firm Werksmans Attorneys reminds concerned stakeholders that it is still “merely in draft form”. Extensive comments were furnished from various industry stakeholders after the publication of the... 

Mining Charter ‘merely draft’ – law firm
CHRIS STEVENS The real-world implications of the revised charter will be fairly substantial for mining companies if it is published in the form in which it was published for comment in April 2016

Mining remains core to defining South Africa’s economy – Manuel 

By: Martin Creamer     2nd February 2017 For the last 150 years, mining has been the driving force of South African industry and economic development. Even though dislike of mining is expressed in various ways, that does not take away from the manner in which mining has shaped South Africa and influenced the interactions of its people. 

Mining remains core to defining South Africa’s economy – Manuel
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Bannerman updates Etango DFS

By: Esmarie Swanepoel     2nd February 2017 ASX-listed Bannerman Resources will update the definitive feasibility study (DFS) for its Etango uranium project, in Namibia, following the conclusion of the heap leach demonstration plant programme. “Our two-year commitment to the Etango demonstration plant programme has been a remarkable... 

Cameco stocks fall as it disputes Tepco's supply contract cancellation

By: Henry Lazenby     1st February 2017 Canada’s largest uranium producer Cameco on Wednesday said it would move quickly to enforce its rights under a uranium supply contract with Tokyo Electric Power Company Holdings (Tepco), after the utility issued a termination notice. Saskatoon, Saskatchewan-based Cameco said it saw no basis for... 

Era posts A$271m loss

By: Esmarie Swanepoel     1st February 2017 Uranium miner Energy Resources of Australia (Era) has made a A$271-million loss in 2016, owing to a A$231-million noncash impairment on the company’s property, plant and equipment during December. The miner produced 17% more uranium oxide in the year, with output rising to 2 351 t, on the back of... 

FIRB approves Paladin's Manyingee deal

By: Esmarie Swanepoel     1st February 2017 The Foreign Investment Review Board (FIRB) has approved uranium miner Paladin Energy’s proposed sale of its Manyingee mining lease, in Western Australia. Paladin and ASX-listed Avira Energy, previously known as MGT Resources, in July last year signed a binding term sheet under which Avira will... 

Digital mining gaining traction – EY 

By: Martin Creamer     30th January 2017 The tempo of mine modernisation – the coming together of mechanisation, digitisation and behavioural change – is on the up as mining companies pursue what is seen as the next productivity step change. With several companies having already mechanised, a growing number are now looking to digitise... 

Digital mining gaining traction – EY
Photo by Duane Daws
EY mining and metals leader Wickus Botha

Further precedent set for inspectorate’s powers

By: Nadine James     27th January 2017 The Labour Court’s decision to set aside a Section 54 mine stoppage order that unjustifiably stopped operations at leading gold producer AngloGold Ashanti’s Kopanang mine, in the Free State, is pleasing, as it provides further legal precedent for the manner in which inspectors from the Department... 

Further precedent set for inspectorate’s powers
KATE COLLIER The negative impact of an unreasonable instruction or unnecessarily harsh enforcement cannot be overlooked

Juniors to battle for project development prizes at Indaba

     27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

New equipment to be showcased

     27th January 2017 Equipment developers Volvo Construction Equipment and Terex Trucks will be represented by plant and equipment supplier Babcock at the 2017 Investing in African Mining Indaba, where it will showcase new products from the manufacturers that will be introduced this year as part of the company’s... 

New equipment  to be showcased
BIGGER AND BETTER The Volvo A60H 60 t articulated hauler is the largest of its kind in the world

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Partnership to attract new investors, companies
FUNDING EXPANSION Guyana Goldfields will use the net proceeds of its bought deal financing to fund an expansion of its flagship Aurora gold mine in South America

Reviewed draft Mining Charter ‘unrealistic wish list’

By: Nadine James     27th January 2017 The reviewed draft Mining Charter is a stark indictment on the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who stresses that the revisions essentially constitute an “unrealistic wish list”. He points to the local industry’s R37-billion... 

Reviewed draft Mining Charter ‘unrealistic wish list’
ALLAN REID The Department of Mineral Resources must engage meaningfully with the Chamber of Mines and other stakeholders to produce a charter that is unambiguous, viable and achievable

Uranium price to continue to recover as demand grows

     27th January 2017 The outlook for uranium is increasingly positive following evidence of a recovery in the commodity’s price at the end of last year and with long-term demand expected to grow, says Canadian mineral resources company GoviEx Uranium CEO Daniel Major. “The last few years have been extraordinarily... 

Uranium price to continue  to recover as demand grows
IN DEMAND Demand for uranium is forecast to rise from about 180-million pounds of triuranium octoxide in 2016 to between 220-million pounds and 260-million pounds by 2025

Uranium output forecast to hit 76 493 t in 2020 – report

By: Henry Lazenby     26th January 2017 New analysis by research and consulting firm GlobalData has forecast global uranium output to rise at a compound yearly growth rate of 4.3%, to 76 493 t in 2020. The company’s latest report states that growth in production is needed to meet upcoming demand from new reactors. 

New laboratories opened based on demand

By: Kimberley Smuts     20th January 2017 Oil and fuel analysis expert WearCheck has shown considerable growth in Africa in 2016 establishing three new laboratories around the continent’s mining hotspots, a move largely driven by demand from mining operations looking to cut operational costs. As a result of this expansion, the company... 

Cameco stock nosedives on $180m to $220m impairment warning

By: Henry Lazenby     19th January 2017 The NYSE-listed stock of senior Canadian uranium miner Cameco on Wednesday fell 19% to C$10.71 apiece after the company reported late Tuesday that it expects to book impairment charges for the full-year ranging between $180-million and $220-million. In what has been an exceptionally difficult... 

Era warns of A$70m impairment

By: Esmarie Swanepoel     18th January 2017 Rio Tinto subsidiary Energy Resources of Australia (Era) has warned of a A$70-million noncash impairment in the second half of 2016. This is in addition to the A$161-million impairment recorded at the end of June last year. 

Paladin more positive on FY17 outlook

By: Esmarie Swanepoel     18th January 2017 Uranium miner Paladin Energy has revised its production and cost guidance for the 2017 financial year to June, with uranium oxide (U3O8) output now expected to exceed four-million pounds. This compares with a previous guidance of 3.8-million pounds to four-million pounds of U3O8 in the 12-month... 

Western Australia approves Cameco uranium mine for development

By: Esmarie Swanepoel     17th January 2017 The Western Australian government has approved Canada-based uranium major Cameco’s Yeelirrie uranium project, subject to 17 conditions. Considered one of Australia's largest undeveloped uranium deposits, the Yeelirrie project has an estimated resource of 127.3-million pounds.  Cameco is proposing... 

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