http://www.miningweekly.com

Global Mining News in real time

Uranium News

Oakbay narrows FY losses

By: Natasha Odendaal     Updated 3 hours ago Higher gold production and improved grades in the second half of the 2015 financial year led to JSE-listed Oakbay Resources and Energy narrowing its overall losses for the full year by 84%, while its gross and operating profit swung back into the black. Posting its maiden results since listing on... 

Canadian Mining Eye Index slows decline – EY

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye Index had slowed its decline in the three months ended March 31, falling only 1% compared with a 12% decline in the fourth quarter last year. The index, which tracked the Canadian mining sector performance of 100 TSX- and TSX-V-listed midtier... 

Uranium Energy collects permits for Palangra expansion

By: Henry Lazenby US uranium producer and project developer Uranium Energy Corp (UEC) on Wednesday announced that it had received all required permits to produce uranium from new resource areas at the Palangana in situ recovery (ISR) mine, in Texas, after it had obtained a larger mine permit and aquifer exemption... 

Namibian mining’s pulling together boosting country’s economy – Nedbank 

By: Martin Creamer Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

Namibian mining’s pulling together boosting country’s economy – Nedbank
Photo by Duane Daws
Paul Miller

Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics

By: Henry Lazenby A feasibility study on Australian explorer Greenland Minerals & Energy’s (GMEL’s) Kvanefjeld multi-element project has revealed compelling metrics, delivering a similar net present value (NPV) to a previous study despite increased capital costs. The ASX- and Frankfurt-listed explorer on Monday... 

Greenland Minerals & Energy reports compelling Kvanefjeld feasibility metrics
Photo by Greenland Minerals and Energy
Kvanefjeld, Greenland.

Cameco declares commercial production at Cigar Lake

By: Henry Lazenby Canadian uranium major Cameco on Friday announced that it had declared commercial production at its Cigar Lake operation, in Saskatchewan, effective May 1. The TSX- and NYSE-listed miner had suffered several setbacks in developing the mine over the years, as frequent flooding and problems with... 

Well-known institutional investor joins U3O8 Corp’s board

By: Henry Lazenby Uranium explorer U3O8 Corp has appointed well-known institutional investor David Franklin to its board with immediate effect. Franklin brought to the board a proven record of mining investment experience that would help U3O8 Corp expand its investor reach and position the company for further... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

Vimy secures funding for Mulga Rock uranium studies

By: Esmarie Swanepoel Uranium hopeful Vimy Resources has secured a A$30-million funding package from private equity fund Resource Capital Fund (RCF) to finance its Mulga Rock uranium project, in Western Australia. The funding package consisted of a A$5-million placement, under which RCF would subscribe for... 

South Africa to launch nuclear procurement in ‘second quarter’ 

By: Terence Creamer South Africa would commence a procurement process in the second quarter of the current financial year to select a “strategic partner or partners” to build 9 600 MW of new nuclear capacity, Energy Minister Tina Joemat-Pettersson announced on Tuesday. Government’s financial year began on April 1,... 

South Africa to launch nuclear procurement in ‘second quarter’

Namibia most attractive African resource destination

Namibia is now considered the most attractive African country for mineral resource investment, according to research and education organisation The Fraser Institute’s Annual Survey of Mining Companies 2014. 

Uranium becoming a spearhead of Namibian mining

By: Dylan Stewart Uranium has played a leading role in driving the Namibian mining industry, says audit, tax and advisory service provider KPMG Namibia senior partner Robert Grant. 

Uranium mine feasibility study yields even more positive results

By: Dylan Stewart The feasibility study for Canadian uranium exploration and development company Forsys Metals’ wholly owned Norasa project, in Namibia, has found the project’s mineral reserves to be higher than initially expected, confirming the economic viability of the project. 

Paladin Energy narrows nine-month net loss

By: Henry Lazenby Uranium producer Paladin Energy has narrowed its net loss in the nine months ended March 31, despite revenue halving on the back of a sharp decline in sales volume and prices. In the nine months to March 31, the TSX- and ASX-listed miner posted a loss attributable to members of $176.1-million,... 

Uranium One narrows Q1 loss despite lower revenue

By: Henry Lazenby Privately held Uranium One reported a narrower net loss during the first quarter ended March despite lower revenues as a result of the timing of sales. Being one of the world's largest uranium producers, Uranium One was in October 2013 bought out by Russian State-owned nuclear reactor builder and... 

Renewed uranium market interest piques curiosity in Norasa

By: Henry Lazenby The relatively positive trend in uranium spot prices since the start of the year has resulted in somewhat renewed interest in the sector’s undeveloped projects. Following a week of intensive meetings with institutional investors in Toronto, the mining finance capital of the world, director and... 

Renewed uranium market interest piques curiosity in Norasa
Photo by Forsys Metals
Norasa, Namibia.

Creamer Media publishes African Mining Projects in Progress 2015 report

Creamer Media’s African Mining Projects in Progress 2015 report tracks developments taking place in Africa’s mining sector and across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium. 

Creamer Media publishes African Mining Projects in Progress 2015 report

Mulga Rock scoping comes up positive - Vimy

By: Esmarie Swanepoel A scoping study into ASX-listed Vimy Resources’ Mulga Rock uranium project, in Western Australia, has estimated that the project could provide some 47-million pounds of uranium oxide (U3O8) over a mine life of 16 years. The scoping study estimated that the Mugla Rock project would generate... 

US to evaluate uranium mine cleanups on Navajo land – Justice Dept

By: Reuters The US government will put $13.2-million into an environmental trust to pay for evaluations of 16 abandoned uranium mines on land belonging to the Navajo Nation in Utah, Arizona and New Mexico, the Justice Department said on Friday. The Justice Department said the agreement was part of its... 

Strategic minerals and the aerospace and defence industries

By: Keith Campbell The term “strategic minerals” is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Strategic minerals and the aerospace and defence industries

Cameco reports Q1 net loss, improved revenue outlook

By: Henry Lazenby Canadian uranium producer Cameco has posted lower-than-expected headline earnings for the three months ended March 31, despite reporting higher earnings from its fuel services and Germany-based NUKEM segments on higher sales volumes, which were partially offset by lower earnings in the uranium... 

Cameco reports Q1 net loss, improved revenue outlook

Kintyre uranium project receives federal environmental approval

By: Esmarie Swanepoel he Minerals Council of Australia (MCA) has welcomed federal Environment Minister Greg Hunt’s decision to approve the development of the Kintyre uranium project, in the Pilbara. The project, which Cameco and Mitsubishi Development are jointly developing, was approved for development at the end of... 

U3O8 Corp forms local partnership on concessions next to Argentina project

By: Henry Lazenby Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, in Argentina, which will allow it to explore properties located next to its Laguna Salada uranium deposit. Should it succeed to define resources on the... 

Paladin loses 10% production in March quarter

By: Esmarie Swanepoel Uranium miner Paladin Energy has reported a 10% decline in production during the March quarter from its Langer Heinrich mine, in Namibia. The company said on Friday that while mining production volumes remained on target, production at the Langer Heinrich plant was affected by a failure of the... 

Mining firms replenish coffers

By: Henry Lazenby Several miners this week successfully completed private placements to shore up their balance sheets in anticipation of pursuing their strategic corporate objectives. Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group on Monday closed an $85-million private... 

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Canada-India uranium tensions thaw as Cameco strikes export deal

By: Henry Lazenby Canada on Wednesday unveiled a C$350-million deal to supply more than seven-million pounds of uranium concentrate to India, signalling a new era for the two countries’ bilateral relations. Canadian uranium producer Cameco announced that it had inked a supply agreement with the Department of... 

Canada-India uranium tensions thaw as Cameco strikes export deal
Photo by Reuters
India's Prime Minister Narendra Modi and Canada's Prime Minister Stephen Harper shake hands in Ottawa.

Creamer Media publishes Canadian Mining Roundup for April 2015 research report

This month’s roundup includes details of the New Brunswick Department of Environment and Local Government’s review of the Sisson project’s draft environmental-impact assessment; Chile’s Environmental Court ruling that the Pascua-Lama project straddling the Chilean/Argentinian border has not... 

Creamer Media publishes Canadian Mining Roundup for April 2015 research report

Australia’s uranium industry has billion-dollar export potential

By: Esmarie Swanepoel Uranium has the potential to be the next billion-dollar export industry for world number-three producer Australia, with an earnings potential of close to A$2-billion a year. Despite being home to 32% of the world’s uranium resources, the country only accounted for 11% of global production, the... 

Australia’s uranium industry has billion-dollar export potential

Uranium miner ERA’s output falls 18% q/q

By: Esmarie Swanepoel Lower mill head grades has resulted in uranium miner Energy Resources of Australia (ERA) reporting a decline in production during the March quarter, compared with the previous quarter. ERA on Friday reported that it had produced 489 t of uranium oxide (U3O8) in the quarter, compared with the 599... 

Court dismisses NGO, native challenge to Arizona uranium mine

By: Henry Lazenby The US District Court for the District of Arizona has denied a challenge by nongovernment organisations and a Native American tribe with regard to TSX- and NYSE MKT-listed Energy Fuels’ ability to operate its Canyon uranium mine. The court's decision on Wednesday confirmed the company's right to... 

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/€ = 13.13Change: -0.02
R/$ = 12.07Change: -0.13
Au 1187.17 $/ozChange: -20.08
Pt 1125.50 $/ozChange: -23.50
 
Subscribe Now for $96
Subscribe Now for $96 Close