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Uranium News

Parliament delays passing key mining law

By: Reuters     Updated 3 hours ago South Africa's Parliament will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty, a senior Parliamentary official said on Tuesday. In September, Mines Minister Mosebenzi Zwane told a mining conference in Australia that the new target date... 

PEA delivers encouraging results for GoviEx’s Mutanga

By: Megan van Wyngaardt     21st November 2017 A recently completed preliminary economic assessment (PEA) at TSX-V-listed GoviEx Uranium’s Mutanga project, in Zambia, has shown that the project can produce 2.4-million pounds a year of triuranium octoxide (U  3  O 8  ) yellowcake over an initial 11-year mine life. The study has also shown that... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

GoviEx Uranium granted exploration permit for Agaliouk tenement

By: Creamer Media Reporter      15th November 2017 TSX-V-listed GoviEx Uranium has been granted an exploration permit for its Agaliouk tenement, adjacent the Madaouela project, in Niger. Agaliouk adds 11.67-million pounds triuranium octoxide (U3O8) in the measured and indicated categories and 9.35-million pounds U3O8 in the inferred category to... 

Environmental activists to appeal enviro authorisation for proposed new nuclear power station

By: Megan van Wyngaardt     14th November 2017 Earthlife Africa Johannesburg, Greenpeace Africa and the Southern African Faith Communities’ Environment Institute (Safcei) have officially filed a notice informing the Department of Environmental Affairs (DEA) that they intend to jointly appeal the environmental authorisation for the... 

Australian uranium hopefuls welcome Cameco production cuts

By: Esmarie Swanepoel     10th November 2017 Australia’s uranium hopefuls have welcomed a decision from uranium major Cameco to shutter its McArthur River mining and Key Lake milling operations, in Canada. Cameco this week announced its plans to remove some 10% of the current global uranium supply, on the back of continued uranium price... 

Guptas target South African bank regulator over account closures

By: Bloomberg     10th November 2017 A group of companies linked to South Africa’s politically connected Gupta family said the country’s banking regulator encouraged lenders to shut their accounts, broadening a battle to retain the last of their banking services. The 20 businesses, which are suing Bank of Baroda’s local unit to keep... 

Uranium miner Cameco not planning more output cuts 'right now' – CEO

By: Reuters     10th November 2017 Canada's Cameco is not planning further cuts to uranium output "right now," but has the option of lowering production again without jeopardizing supply contracts, its chief executive said on Thursday. Cameco will suspend production for ten months at McArthur River, Saskatchewan - the world's... 

Uranium producer progresses mine consolidation strategy

     10th November 2017 Canadian uranium miner GoviEx Uranium will acquire the uranium mineral interests of independent power producer African Energy Resources in Zambia, with the Zambian Competition and Consumer Protection Commission announcing in June that it had reviewed and provided its approval for the transaction. 

Uranium producer progresses mine consolidation strategy
Photo by GoviEx Uranium
PROJECT PROGRESSES GoviEx has received expressions of interest from export credit agencies and project finance banks to arrange senior debt financing for the construction of the Madaouela uranium project

Govt, NGOs and industry joining forces to fend off acid mine water threat

By: Ilan Solomons     10th November 2017 Acid mine drainage (AMD) is regarded as one of the greatest environmental challenges ever faced by South Africa, says Department of Water and Sanitation (DWS) mine water management chief director Marius Keet. During a recent seminar on the need to rehabilitate mine contaminated ecosystems, he... 

Govt, NGOs and industry joining forces to fend off acid mine water threat

Etango identifies capital savings at Namibia uranium project

By: Esmarie Swanepoel     9th November 2017 A processing optimisation study at the Etango uranium project, in Namibia, has reduced the expected capital costs by about $73-million, from a previous estimate of $870-million. Project developer Bannerman Resources on Thursday reported that the largest capital reductions came from a simplified... 

Price weakness prompts Cameco to shutter world highest-grade mine, Key Lake mill

By: Henry Lazenby     9th November 2017 Cameco fingered sustained uranium price weakness as being behind its decision to shutter the McArthur River mining and Key Lake milling operations, in Northern Saskatchewan’s Athabasca Basin, Canada’s largest producer of the nuclear fuel announced on Wednesday. Saskatoon, Saskatchewan-based... 

UK's Johnson to visit Washington for Iran nuclear deal talks

By: Bloomberg     8th November 2017 UK Foreign Secretary Boris Johnson will fly to Washington in an attempt to persuade the US not to abandon the Iran nuclear deal, as he battles to save his own job in London. Johnson will meet senior Republicans and Democrats to discuss the importance of the nuclear security agreement, amid... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Denison extends high-grade Gryphon mineralisation at Wheeler River

By: Henry Lazenby     4th November 2017 Uranium explorer and development company Denison Mines has extended the new high grade unconformity-hosted mineralisation up-dip and about 250 m along strike to the northeast of the Gryphon deposit, which is part of the 60%-owned Wheeler River uranium project, in the Athabasca basin of Northern... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have no or limited access to electricity comes the call for new large-scale power stations to be built. In line with this expansion is a keen interest in nuclear power stations and,... 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

Guptas inflated Oakbay price through trading by Singapore firm

By: Bloomberg     2nd November 2017 The Gupta family inflated the share price of a company it controlled on its Johannesburg Stock Exchange debut by lending money to a Singapore firm to be used to trade the equities. That came ahead of plans to raise funds for a uranium mine. The Guptas, who are embroiled in a corruption scandal... 

Saudi Arabia to extract uranium for 'self-sufficient' nuclear programme

By: Reuters     1st November 2017 Saudi Arabia plans to extract uranium domestically as part of its nuclear power program and sees this as a step towards “self-sufficiency” in producing atomic fuel, a senior official said on Monday. Extracting its own uranium also makes sense from an economic point of view, said Hashim bin... 

France's EDF would bid in South African nuclear tender

By: Reuters     31st October 2017 French utility EDF would bid in a South African nuclear tender if the country went ahead with plans to expand its nuclear power industry, an EDF executive said on Tuesday. South Africa is planning to build several new nuclear reactors with combined capacity of 9 600 MW. The state's nuclear agency... 

South Africa nuclear regulator says expects plant site licence in June

By: Reuters     31st October 2017 South Africa's nuclear regulator said on Tuesday that an installation site licence would likely be granted in June for a nuclear power plant that the finance minister has said Africa's most advanced economy cannot afford. South Africa's nuclear plans are shrouded in controversy and uncertainty,... 

South Africa nuclear regulator says expects plant site licence in June

GoviEx’s acquisition of African Energy Resources finalised

By: Anine Kilian     30th October 2017 Dual-listed GoviEx Uranium has completed the acquisition of African Energy Resources’ uranium interests in Zambia. “The combination of African Energy’s Chirundu and Kiraba Valley tenements with GoviEx’s Mutanga project finally unites these neighbouring properties and significantly expands and... 

Cameco equities fall as miner swings to surprise Q3 loss; pares outlook

By: Henry Lazenby     27th October 2017 Canada’s largest uranium producer Cameco has reported a disappointing third-quarter loss for the three months ended September, prompting investors to punish the TSX-listed stock and pushing it 13% lower in early trading on Friday. The Saskatoon, Saskatchewan-based company, swung to a headline... 

Cameco equities fall as miner swings to surprise Q3 loss; pares outlook

Obama administration's decision on uranium sale probed by House

By: Bloomberg     25th October 2017 US House committees are investigating why former President Barack Obama’s administration allowed a Russian-backed company to purchase American uranium mines in 2010. The House Intelligence and Oversight panels will look into the matter, Devin Nunes, a California Republican who is chairperson of... 

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

India relaxes rules for coastal and offshore mining

By: Ajoy K Das     23rd October 2017 In a bid to deepen exploration and mining of atomic and rare earth minerals across the country, the Indian government is putting in place a slew of measures. For starters, the government has notified that it will relax mining norms in fragile coastal areas and that the exploration and mining of... 

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

AngloGold Ashanti sells Moab Khotsong to Harmony; Kopanang to Heaven-Sent

By: Natasha Odendaal     19th October 2017 JSE-listed AngloGold Ashanti has disposed of its various South African gold and uranium mining assets in the Vaal river region to Harmony Gold Mining for $300-million. The transaction comprised the Moab Khotsong mine, the Great Noligwa mine and related infrastructure; AngloGold Ashanti’s entire... 

AngloGold Ashanti sells Moab Khotsong to Harmony; Kopanang to Heaven-Sent
Moab Khotsong

Niger must halt job cuts at Areva's uranium mine, group says

By: Bloomberg     18th October 2017 Activists in Niger urged President Mahamadou Issoufou to negotiate with Areva SA after the French company said it will cut 200 jobs at one of its uranium mines in the West African nation to adjust to lower prices for the nuclear fuel. “It’s absolutely untrue that the only solution is to lay off... 

Peninsula hopes to sell Karoo project

By: Esmarie Swanepoel     18th October 2017 ASX-listed uranium miner Peninsula Energy will divest of its 74% interest in the Karoo projects, in South Africa. The company on Wednesday told shareholders that while it had advanced the Karoo projects from exploration to early stage prefeasibility over the past decade, Peninsula has now... 

Brexit takes bureaucracy to the atomic level for UK industry

By: Bloomberg     17th October 2017 To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a... 

Councillor, ten others arrested in Gupta owned Shiva mine protest

By: African News Agency      12th October 2017 A councillor was among 11 people arrested for public violence and malicious damage to property in Tigane near Klerksdorp following a protest, North West police said on Wednesday. Lieutenant Colonel Pelonomi Makau said the councillor was expected to appear in the Hartbeesfontein Magistrate’s Court... 

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

Laramide unveils maiden uranium resource at Church Rock

By: Henry Lazenby     11th October 2017 Dual-listed Laramide Resources has announced a maiden inferred resource for its Church Rock in-situ recovery (ISR) project, in New Mexico. Prepared by Roscoe Postle Associates, in Denver Colorado, with the assistance of Laramide's technical team, the technical report calculated a compliant... 

Opinion: South Africa’s coal mining sector could shrink by 46% 

     6th October 2017 In this opinion article, independent economic risk consultant Rob Jeffrey argues that the mining industry and coal industry need to fight for their very future otherwise all is lost. Few people realise that future economic, political and social prosperity are at currently stake. Decisions made in... 

Opinion: South Africa’s coal mining sector could shrink by 46%
Rob Jeffrey

Aura's Mauritania uranium project gets environmental nod

By: Esmarie Swanepoel     5th October 2017 The Mauritania government has approved the environmental and social impact assessment of the Tiris uranium project, being developed by dual listed Aura Energy. “For a uranium project, one of the most important steps in its path to development is the environmental approval step,” Aura Energy... 

Offshore capital equipment markets come in handy amid ‘turmoil’ in domestic mining sector

By: Dylan Slater     29th September 2017 South African capital equipment manufacturers that are exporting, and which have survived the ongoing turmoil in the mining industry and domestic economic environment, have showed resilience and bear testament to the lifeline provided through exporting products and not relying solely on sales... 

Offshore capital equipment markets come in handy  amid ‘turmoil’ in domestic mining sector
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