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Uranium News

Management at Areva mine in Niger say strike violates bonus deal

By: Reuters French nuclear company Areva's local business in Niger denounced a 72-hour strike at its Cominak uranium mine as a violation of a previous agreement over bonuses. Workers launched the strike on Monday, demanding the full payment of bonuses they say they are owed for reaching financial targets... 

Rio rides to Era's rescue

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (Era) has signed a A$100-million credit facility with parent company Rio Tinto to allow for the rehabilitation of the Ranger project area, in the Northern Territory. The ASX-listed Era told shareholders that at the end of December last year, the... 

Rio rides to Era's rescue

‘Quiet’ quarter prompts more cautious outlook for Cameco

By: Henry Lazenby Canadian uranium producer Cameco has reported a “very quiet” first quarter during which it swung to an adjusted loss of C$7-million, or C$0.02 a share, compared with earnings of C$69-million, or C$0.18 a share a year earlier. For the three months ended March 31, revenues fell 28% year-over-year... 

‘Quiet’ quarter prompts more cautious outlook for Cameco

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Peninsula secures $15m for US uranium project expansion

By: Esmarie Swanepoel Uranium junior Peninsula Energy has secured $15-million in funding through convertible loan agreements with shareholders Resources Capital Fund VI (RCF VI) and Pala Investments to fund the expansion of its Lance project, in the US. The company said on Tuesday that the $15-million funding was the... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Laramide proves a point at Westmoreland

By: Esmarie Swanepoel Dual-listed Laramide Resources on Friday revealed that a preliminary economic assessment (PEA) of its Westmoreland uranium project, in Queensland, has estimated that the project could deliver a net present value of $598-million and an internal rate of return of $400-million. The project was... 

Laramide ticker lights up on positive update of Westmoreland PEA

By: Henry Lazenby Dual-listed explorer and project developer Laramide Resources has completed an updated preliminary economic assessment (PEA) on its flagship Westmoreland project, in Australia’s Northern Territory, bumping-up its Toronto-listed stock by almost 36% on Thursday. Laramide reported improved project... 

Paladin denies tailings spill at Kayelekera

By: Esmarie Swanepoel Uranium miner Paladin Energy on Monday denied reports of a water discharge at its Kayelekera mine, in Malawi, following reports indicating that water from a tailings facility at the mine had been released into the environment. CEO Alexander Molyneux said on Monday that no water tailings had been... 

Zwane gazettes Mining Charter review for comment

By: Martin Creamer Mineral Resources Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic empowerment Mining Charter for public comment. The Ministry said in a release to Creamer Media’s Mining Weekly Online that the draft sought to strengthen the charter’s efficacy to effect... 

Zwane gazettes Mining Charter review for comment
Photo by Duane Daws
Mosebenzi Zwane

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit 

By: Terence Creamer The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a total of 2 229 spent-fuel... 

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit

Era production falls in March quarter

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (Era) has reported an 11% decline in uranium oxide (U3O8) production from its Ranger mine, in the Northern Territory, as mill head grades declined. Production during the three months to March reached 593 t of U3O8, which was down from the 669 t of U3O8... 

Uranium Resources sells noncore US assets to Laramide

By: Esmarie Swanepoel Dual-listed Laramide Resources has entered into a definitive share purchase agreement to buy Uranium Resources’ subsidiary Hydro Resources, in a deal valued at $12.5-million. Hydro Resources holds the Churchrock and Crownpoint properties, in the US state of New Mexico. 

Boss adds to Honeymoon resources

By: Esmarie Swanepoel ASX-listed Boss Resources has reported a 90% increase in the resource estimate for its Honeymoon uranium project, in South Australia. Boss on Friday reported a maiden Joint Ore Reserves Committee compliant mineral resource estimate of 22.1-million tonnes for the Gould’s Dam project area. 

Local company completes Namibian uranium project

By: Dylan Slater Vanderbijlpark-based medium- to heavy-engineering company Turnmill Proquip Engineering completed its scope of work for a contract to fabricate the adsorption and elution columns for uranium miner Swakop Uranium’s Husab project, in Namibia.  

Local company completes Namibian uranium project
HUSAB PROJECT Turnmill Proquip Engineering was responsible for fabricating adsorption and elution columns for the ion exchange plant at the Husab project, in Namibia

Resource-intensive Canadian and US states show stronger economic performance than others

By: Henry Lazenby The very strong economic performance in specific resource-intensive jurisdictions in Canada, especially Alberta and Saskatchewan, are mainly responsible for Canada’s comparatively strong overall economic record relative to the US since the recession of 2008/09, a new report by the influential... 

Denison reports strong returns on Wheeler River project at current prices

By: Henry Lazenby TSX- and NYSE MKT-listed Denison Mines has reported a strong pre-tax internal rate of return (IRR) of 20.4% at current uranium prices on its 60%-owned Wheeler River project, including a net present value (NPV) on a 100% basis of C$513-million, according to a preliminary economic assessment (PEA)... 

Uranium Resources raises more cash from Aspire Capital 

By: Esmarie Swanepoel ASX-listed Uranium Resources has raised another A$1.25-million through a share placement to Aspire Capital to fund general corporate costs. Uranium Resources on Wednesday said that it had placed 375 000 common shares, at a price of A$2.17 each, and 200 000 pre-funded common stock purchase... 

Australia signs deal to supply uranium to Ukraine

By: Esmarie Swanepoel In a move welcomed by the resources sector, the Australian government has signed a nuclear cooperation agreement with the Ukraine. Foreign Affairs Minister Julie Bishop said on Friday that the agreement enabled Australia to export uranium to the Ukraine, which was considered to be one of the... 

Australia signs deal to supply uranium to Ukraine

Despite industry dip, uranium shows potential

By: Sascha Solomons Gold and uranium have some traction in the market, regardless of the general commodities slump currently draining the profits of the mining industry, metallurgical engineering company MDM Engineering business development director George Bennett tells Mining Weekly. He says that, globally, the... 

Despite industry dip, uranium shows potential
HUSAB IN NAMIBIA One of MDM Engineerings core aspects is successfully developing clients' projects

Grade quality should determine investment in uranium

As so many uranium projects have closed or performed poorly, before starting any uranium venture, the economic fundamentals need to be ensured and, most importantly, the required uranium grade needs to be in place, stresses global energy and resource specialist Venmyn Deloitte MD Andy Clay. The... 

Grade quality should determine investment in uranium
Photo by Duane Daws
ANDY CLAY ANDY CLAY Resources are being oversold and, for specialist minerals, such as uranium, it is all about grade

Karoo uranium promising

By: Sascha Solomons Australia-based uranium miner Peninsula Energy is determined to wrap up the reserve drilling for the definitive feasibility study on its Karoo uranium projects, in Beaufort West, in the Western Cape of South Africa, which will pave the way for a mine to be built  by 2019, says Peninsula Energy MD... 

Karoo uranium promising
GUS SIMPSON The Karoo projects offer an excellent opportunity for domestic uranium supply to fuel the new reactors that are being developed under the recently announced expansion of South Africa’s nuclear power generating capacity

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

By: Keith Campbell It is generally known that many minerals and metals exist, dissolved in seawater and in the waters of briny lagoons and salt lakes. According to Stanford University in the US, seawater contains 47 minerals and metals. Starting with the most abundant and proceeding to the least abundant these are... 

Over 40 minerals and metals contained in seawater, their extraction likely to increase in the future

Watchdog claims poor public participation

By: Sascha Solomons The uranium mining industry is cause for concern and will create significant challenges for the Karoo community near Beaufort West, in the Western Cape, asserts faith-based environmental watchdog Southern African Faith  . He contends that the community has not been properly consulted by the... 

Watchdog claims poor public participation
PROVIDING INSIGHT The Southern African Faith Communities' Environment Institute is embarking on a new project to educate communities in the Karoo about uranium mining

Research predicts another tough year for commodities

By: Henry Lazenby In the wake of lacklustre discipline by producers to curtail output in the face of relentless price declines, Bank of America Merrill Lynch (BofAML) Global Research was concerned that another leg of lower prices may be required to incentivise another round of cuts for a range of materials. In its... 

MGT plans uranium future

By: Esmarie Swanepoel unior tin producer MGT Resources on Tuesday unveiled plans to pursue uranium investments to diversify its product offerings. The ASX-listed company said in a statement to shareholders that the uranium mining industry offered a unique investment opportunity at present, and that, over time, it was... 

Potential impact of COP 21 resolutions on coal, uranium ‘remains contested’

By: Ilan Solomons The reality is that countries will not “ditch” fossil fuels until clean energy alternatives are viable, states diversified active asset manager Allianz Global Investors environmental, social and corporate governance analyst Robbie Miles. “Electricity generation, the largest source of emissions,... 

Potential impact of COP 21 resolutions on coal, uranium ‘remains contested’

China sets course for smooth economic transition and commodity price gains

By: Simon Rees The retreat of commodity prices on the back of China’s economic shift belied rising levels of uptake and the likelihood of an upcycle later in the decade, CRU Group managing consultant Philip Macoun told an audience at the recent Prospectors and Developers Association of Canada convention.... 

China sets course for smooth economic transition and commodity price gains

KPMG calls for levelling of mine rehab playing field

By: Martin Creamer KPMG corporate tax head Muhammad Saloojee wants the tax authorities to level the mine rehabilitation playing field by ensuring that mine rehabilitation insurance premiums are tax deductible. His commentary to Creamer Media’s Mining Weekly Online comes against the background of a tax ruling that... 

KPMG calls for levelling of mine rehab playing field
Photo by Duane Daws
Muhammad Saloojee

Enviro impact of mine top of mind

By: Lynne Jackson Environmental management company Cabanga Concepts has been contracted to yearly audit the environmental compliance of uranium and gold mining company Oakbay Resources & Energy subsidiary Shiva Uranium’s operations in Hartbeesfontein, in the North West. The Shiva mine is operating three... 

Incentive prices for new projects dip as Fission leads Athabasca Basin’s west-side revival 

By: Henry Lazenby After five years of oversupply, the tipping point for uranium prices to improve remains difficult to predict, said Bank of Montreal Capital Markets research analyst for diversified commodities, uranium and diamonds Edward Sterck during a recent telephone conference. According to Sterck, the... 

Incentive prices for new projects dip as Fission leads Athabasca Basin’s west-side revival
Photo by Fission Uranium
Patterson Lake South, Saskatchewan.

Berkeley’s Salamanca advances to development phase

By: Esmarie Swanepoel Uranium developer Berkeley Energia has started the development of its Salamanca project, in Spain. “Salamanca has now moved into the development phase and the local support we have received for the project is fantastic,” said Berkeley MD Paul Atherley. 

Regalpoint signs alliance agreement with asset manager

By: Esmarie Swanepoel ASX-listed junior Regalpoint Resources has struck a strategic alliance with specialist investment and asset manager Impact Investment to pursue complementary business opportunities. Regalpoint, which owns a portfolio of uranium exploration tenements in Northern Australia, told shareholders this... 

French keen to include energy-intensive South African firms as nuclear equity partners 

By: Terence Creamer The French nuclear industry, led by electricity utility EDF, is gearing up in earnest to respond to South Africa’s request for proposals (RFP), which could be released before the end of March. The French President’s special envoy for the France-South Africa Nuclear Partnership, Pascal Colombani,... 

French keen to include energy-intensive South African firms as nuclear equity partners
Photo by Creamer Media
The French would offer the EPR reactor like this one being built in Flamanville

Peninsula inks long-term offtake at Lance

By: Esmarie Swanepoel Uranium miner Peninsula Energy has signed a long-term offtake agreement with a major European utility. Under the terms of the agreement, Peninsula would sell some four-million pounds of uranium oxide (U3O8) from its Lance project, in the US, over a ten-year period, starting at the end of 2020. 

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