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Uranium News

Era boss moves to Rio Tinto

By: Esmarie Swanepoel     24th March 2017 Uranium miner Energy Resources of Australia (Era) has announced that its CEO and MD Andrea Sutton will resign to take up a position with parent company Rio Tinto. Sutton, who was appointed CEO and MD in 2013, will work with the board to ensure a smooth transition to her successor, Era said on... 

Paladin launches arbitration against Langer Heinrich JV partner

By: Megan van Wyngaardt     23rd March 2017 Dual-listed Paladin Energy on Thursday launched arbitration proceedings against joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary to seek orders and declarations regarding the sale of the Langer Heinrich mine (LHM), in Namibia’s Erongo... 

Resources Watch  

     23rd March 2017 'Irrational' uranium prices making life tough, even for world-class juniors; IDC supporting entry of superior platinum processing route; and ARM’s Motsepe says take community engagement seriously 

Resources Watch
Resources Watch

EU watchdog approves Berkeley uranium sale

By: Esmarie Swanepoel     21st March 2017 The governing body for all nuclear fuel transactions in the European Union has given consent for ASX-listed Berkeley Energia to sell uranium from its Salamanca mine, in Spain. Berkeley Energia in November of last year inked a sales agreement with Curzon Resources for a total of two-million... 

Niger's Parliament to investigate 'uraniumgate' sale

By: Reuters     20th March 2017 Niger's lower house of parliament voted unanimously on Friday to investigate accusations that President Mahamadou Issoufou's former chief of staff improperly participated in the state mining company's purchase of 5.5-million pounds of uranium. A Nigerien newspaper published documents last month... 

TSX ends down as financials, commodity stocks retreat

By: Reuters     17th March 2017 Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6%, with insurance company Manulife Financial down 1.5% at C$24.13 and... 

Oakbay Resources' CEO resigns 

By: African News Agency      15th March 2017 Oakbay Resources and Energy, which is owned by the controversial Gupta family, announced on Wednesday that its CEO Jacques Roux had resigned with effect from the end of this month. Roux took over from Varun Gupta in May last year. 

Jasons adds to Honeymoon resource

By: Esmarie Swanepoel     15th March 2017 ASX-listed Boss Resources has reported a 10% increase in the contained metal endowment at its Honeymoon uranium project, in South Australia. The increase in the Honeymoon resource followed on from a 107% increase in the inferred resource estimate for the Jason deposit, which now stands at... 

WA uranium miners seek Labor support

By: Esmarie Swanepoel     14th March 2017 The uranium sector has urged Western Australia’s newly elected Premier Mark McGowan to keep an open mind when it comes to uranium mining in the state. Minerals Council of Australia (MCA) executive director for uranium Daniel Zavattiero said this week that, since the ban on uranium mining in... 

Bannerman gets Namibian partner

By: Esmarie Swanepoel     14th March 2017 Uranium developer Bannerman Resources has entered into a subscription agreement with Namibian company One Economy Foundation, which will become a 5% loan-carried shareholder in the Etango project. As part of the subscription agreement, Bannerman will issue 5% of its ordinary share capital to the... 

'Irrational' uranium prices making life tough, even for world-class juniors 

By: Henry Lazenby     13th March 2017 The resource investment market’s fixation on uranium spot prices and fewer majors operating in the space are making life difficult for uranium exploration juniors, even those such as Fission Uranium that have made world-class discoveries in one of the best jurisdictions in the world. Speaking to... 

'Irrational' uranium prices making life tough, even for world-class juniors
Fission Uranium chairperson and CEO Dev Randhawa discusses the uranium industry's fixation on spot prices and COO and chief geologist Ross McElroy gives an exploration update. Video: Henry Lazenby; Editing: Lionel da Silva.

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Greens party criticises Mulga Rock mine approval

By: Esmarie Swanepoel     8th March 2017 The Australian Greens party has lashed out at federal Environment Minister Josh Frydenberg’s approval of the Mulga Rock uranium mine, in Western Australia. ASX-listed Vimy Resources this week announced that Freydenberg approved the proposed mine, subject to certain conditions, noting that the... 

African Energy sells Zambian projects

By: Esmarie Swanepoel     7th March 2017 ASX-listed African Energy will sell its Zambian uranium portfolio to TSX-listed GoviEx Uranium for three-million shares and 1.6-million common share purchase warrants. Each of the purchase warrants will be convertible into one common share at a price equal to the US dollar equivalent of 160% of... 

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Cabinet discusses new minerals director-general, mine water and mine town steps

By: Martin Creamer     2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... 

Cabinet discusses new minerals director-general, mine water and mine town steps
Eastern Basin acid mine drainage plant in Springs

Flush with cash, global miners promise prudence, dividends

By: Reuters     2nd March 2017 For the first time in four years, the world's biggest miners are awash in cash, riding a wave of cost cuts and a recovery in raw material prices from coal to zinc last year. But instead of using their newfound bounty to unveil lavish growth plans, as they did in 2012 just as metals prices started... 

Fission discovers new mineralised zone at PLS

By: Henry Lazenby     1st March 2017 Junior explorer Fission Uranium has announced the discovery of a new mineralised zone 660 m west of the existing R840W zone, highlighting the potential to extend the Patterson Lake South (PLS) mineralised trend, in Saskatchewan’s Athabasca Basin, well beyond the current 2.63 km. The Kelowna-based... 

Cameco may cut uranium output further, as prices stay low – CEO

By: Reuters     28th February 2017 Canada’s Cameco, the world’s second-biggest uranium producer, said on Tuesday it may not be finished cutting production as prices remain low after a major customer cancelled a supply contract. Spot prices of uranium, used to fuel nuclear reactors, dipped to a 13-year low late last year and have... 

Cameco’s Port Hope facility secures 10yr operating licence

By: Creamer Media Reporter      28th February 2017 The Canadian Nuclear Safety Commission (CNSC) has granted TSX- and NYSE-listed Cameco a ten-year operating licence for its conversion facility in Port Hope, Ontario. The licence expires on February 28, 2027. 

Russian nuclear deal places massive liability on South Africans 

By: News24Wire      27th February 2017 A nuclear agreement with Russia has far-reaching consequences for the budget the Western Cape High Court heard on Friday, as it places all liability for a nuclear accident on South Africa, while indemnifying Russia completely. David Unterhalter, SC, appearing for Earthlife Africa and the Southern... 

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
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