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Uranium News

Uranium is the dirty underbelly of nuclear – scientist

By: News24Wire      21st July 2016 Antinuclear sentiment tends to focus on nuclear waste or operational risks, but more focus should be on the “dirty underbelly” of uranium mining, according to a science adviser. “Whenever people get excited about nuclear power stations, they kind of forget where the actual uranium comes from,” Dr... 

Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

By: Creamer Media Reporter      21st July 2016 Dual-listed Paladin Energy will sell a 24% stake in the Langer Heinrich uranium mine, in Namibia, and up to 75% of its Manyingee project, in Australia, for a combined $205-million. Paladin, which owns 75% of the Langer Heinrich mine, has signed a nonbinding term sheet to sell a 24% stake in the... 

Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Paladin hits cash-flow positive FY 2016 despite marred market

By: Henry Lazenby     18th July 2016 TSX- and ASX-listed uranium producer Paladin Energy has achieved its full-year fiscal 2016 objective of being cash-flow positive on an 'all in' basis, excluding one-off restructuring costs and capital management, it said Monday. The Perth, Western Australia-based company reported fourth-quarter... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Peninsula accelerates ramp-up at US uranium projects

By: Mariaan Webb     12th July 2016 Australia-based Peninsula Energy said on Tuesday that it was accelerating the rate of production at its Lance projects, in Wyoming, in the US, and that it expected to reach its first-stage production target of 600 000 lb/y to 700 000 lb/y in the first half of next year. “The last five weeks have... 

Energy Resources of Australia output up 25%

By: Mariaan Webb     12th July 2016 Uranium miner Energy Resources of Australia (ERA), which owns the Ranger mine in the Northern Territory, increased its uranium oxide production by 25% year-on-year to 489 t (1.08-million pounds) in the June quarter. The Rio Tinto company’s second-quarter production, however, was 18% less than the... 

Energy Resources of Australia output up 25%
The Ranger mine's processing facilities.

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

African mining has potential to grow stronger

By: Victor Moolman     8th July 2016 Africa is the most mineral-rich continent in the world and has the potential to become a mining mecca, says global consulting firm KPMG. 

African mining has potential to grow stronger
Photo by Bloomberg
CONDITIONAL SUCCESS Mining has a future in Africa if issues such as security, corruption and supply chains can be well managed and resolved

Botswana’s uranium, coal reserves could breathe new life into mining sector

By: Nadine James     8th July 2016 Africa’s impending infrastructure boom, in conjunction with the persistent need for reliable power supply, indicates that Botswana’s coal and uranium reserves could provide new opportunities in terms of exploration, beneficiation and mineral exports, according to the Botswana Chamber of Mines... 

Botswana’s uranium, coal reserves could breathe new life into mining sector
CHARLES SIWAWA The Khoemacau copper project and the Letlhakane uranium project are the most significant projects under way in Botswana

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Toro takes another step in Wiluna development

By: Mariaan Webb     7th July 2016 Uranium company Toro Energy has taken another step in the development of the Wiluna uranium project with the signing on Thursday of an agreement with the Wiluna People providing the consent of native title holders. Toro MD Dr Vanessa Guthrie expressed the company’s appreciation for the... 

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     27th June 2016 The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills
Herbert Smith Freehills associate Ben Winks outlines to Mining Weekly Online’s Martin Creamer minerals sector sticking points. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva

Kopanang mine, South Africa

By: Sheila Barradas     24th June 2016 A gold mine, located in South Africa’s Free State province, about 170 km south-west of Johannesburg. 

Kopanang mine, South Africa

Vimy hikes Mulga Rock resource

By: Mariaan Webb     23rd June 2016 ASX-listed Vimy Resources on Thursday announced a “significant” resource upgrade for its Mulga Rock uranium project, in Western Australia. The Mulga Rock East deposit comprised the Princess and Ambassador resources, which would form the first stage of the potential mine development for the project. 

Balancing exploration and project development key for Fission at PLS

By: Henry Lazenby     22nd June 2016 Exploration superstar Fission Uranium is gearing up for a C$13.3-million summer campaign at its flagship Patterson Lake South (PLS) project in the relatively underexplored Western Athabasca basin, in northern Saskatchewan, and is looking to balance its exploration activities with the objective of... 

Balancing exploration and project development key for Fission at PLS
Photo by Fission Uranium
Patterson Lake South, Saskatchewan

Cameco, Areva and First Nations ink new collaboration accord

By: Henry Lazenby     22nd June 2016 Canada’s largest uranium operators Cameco and Areva Resources Canada, and local communities traditionally associated with the Cigar Lake, McClean Lake and Rabbit Lake uranium mining operations, have inked a new collaboration agreement that builds on the existing impact management accord signed in... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Energy Fuels adds third US production centre to portfolio

By: Henry Lazenby     18th June 2016 Integrated US-based uranium mining company Energy Fuels has added a third fully licensed in situ recovery uranium production facility to its portfolio. The TSX- and NYSE MKT-listed company on Friday announced that it had successfully closed the acquisition of Mesteña Uranium, whose primary asset... 

Gupta-owned company shares dive 91% as websites downed by hackers 

By: News24Wire      15th June 2016 Gupta-owned Oakbay Resources and Energy’s share price plummeted by over 90% on the JSE on Wednesday, the same day that hackers attacked the company’s websites and shut them down. The JSE-listed company was trading R20.86 lower at R2.14, with only 30 shares trading. The company, with a market cap... 

Gupta-owned company shares dive 91% as websites downed by hackers

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

By: Henry Lazenby     13th June 2016 Canadian Securities Exchange-listed project developer GoviEx Uranium and TSX-listed Denison Mines have completed a C$5-million all-scrip transaction to merge their respective African assets to create the largest undeveloped uranium resource base in the world. "The closing of this transaction with... 

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Mining Phakisa outcomes are spelt out to Mining Weekly Online’s Martin Creamer. Video and Editing: Nicholas Boyd.

South African pumps enter Israeli market

By: Sascha Solomons     10th June 2016 Centurion-based slurry pumping solutions provider Hazleton Pumps has entered another market, supplying an Israeli company with its locally manufactured Hippo pumps range, which is designed to meet the needs of projects worldwide. Hazleton Pumps CEO Thys Wehmeyer highlights that the family-owned... 

South African pumps enter Israeli market
ROSSING URANIUM MINE The Hippo duplex stainless steel vertical slurry submersible pump used at the Rössing uranium mine, in Namibia

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Mining Phakisa's Edwin Ritchken outlines progress to Mining Weekly Online’s Martin Creamer at SAIMM conference. Video & Video Editing: Nicholas Boyd.

Legislation passed to regulate Greenland uranium exports

By: Samantha Herbst     8th June 2016 The Greenland and Danish parliaments have both passed legislation that will regulate uranium exports from Greenland to ensure that uranium mining and exports are conducted in accordance with Denmark’s international non-proliferation commitments. Through this legislation, Denmark assumed... 

Namibian uranium miner offers to sell water desalination plant to govt for $200m

By: African News Agency      7th June 2016 Namibian uranium miner Areva Resources Namibia has offered to sell its private 26-million cubic metres water plant to the Namibian government for $200-million (N$3.1-billion) to mitigate a nationwide water crisis that has hit cities and the mining industry hard. Areva Resources Namibian MD Hilifa... 

ANC in apparent Mining Charter reversal

By: Martin Creamer     3rd June 2016 The African National Congress (ANC) appears to have reversed its stance on the Mining Charter being enforceable under the Mineral and Petroleum Resources Development Act (MPRDA) of 2002, which is a major point of contention between the mining industry and government, as it confers legislative... 

ANC in apparent Mining Charter reversal
Photo by Duane Daws
Herbert Smith Freehills Africa partner Peter Leon

French nuclear envoy expects ‘spring’ release of South Africa’s much-debated RFP

By: Terence Creamer     1st June 2016 The French remain optimistic that South Africa’s nuclear request for proposals (RFP), which was initially expected for release before the end of March, will be issued before the end of the year, probably during South Africa’s “spring”, or France’s “fall”. Special envoy of the French President for... 

French nuclear envoy expects ‘spring’ release of South Africa’s much-debated RFP
Photo by Duane Daws
Special nuclear envoy of the French President Dr Pascal Colombani

Cameco to meet Cigar Lake production target, expects full production in 2017

By: Samantha Herbst     1st June 2016 TSX- and NYSE-listed uranium producer Cameco’s Cigar Lake project, in the uranium-rich Athabasca basin, is likely to meet its 2016 production outlook of 16-million packaged pounds of uranium concentrate (U3O8) – 8-million of which below to Cameco – following approval from the Canadian Nuclear... 

Integrator has tools for long-term mining company success 

By: Martin Creamer     31st May 2016 With several major, junior and small minerals and mining services companies debt stressed, folding or in business rescue, former investment researcher Stephen Roper has come up with a longevity and success formula – with diamond consultant Dr John Bristow offering input. Accountant Roper and... 

Integrator has tools for long-term mining company success
Integrated Thinking Laboratory founder and CEO Stephen Roper talks to Mining Weekly Online’s Martin Creamer about the tools to extend the lives of mining companies. Photographs: Duane Daws. Video: Nicholas Boyd. Editing: Lionel da Silva

Nuclear needed to meet climate change targets – expert

By: Reuters     31st May 2016 Nuclear power is needed to meet the climate change targets set at the recent COP 21 climate summit in Paris, Jacques Regaldo, chairperson of the World Association of Nuclear Operators said at the opening of the AtomExpo in Moscow on Monday. Referring to the 20 th anniversary of the Chernobyl... 

Nuclear needed to meet climate change targets – expert

Mining ‘most transparent’ – Corruption Watch 

By: Martin Creamer     30th May 2016 The Chamber of Mines of South Africa on Monday welcomed the Corruption Watch report on transparency in corporate reporting, which found that South Africa’s most transparent companies came from the mining sector. Gold Fields, BHP Billiton and Anglo American Platinum come out tops in the report,... 

Mining ‘most transparent’ – Corruption Watch
Chamber CEO Roger Baxter

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Commodity price indices rally as oil picks up where metals left off
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