http://www.miningweekly.com

Global Mining News in real time

Uranium News

Paladin embarks on sweeping recapitalisation exercise

By: Natalie Greve     Updated 5 hours ago Uranium producer Paladin Energy has announced a throng of measures aimed at recapitalising the company and addressing its long-term funding requirements, including the convertible bonds due in November next year. Following these and other initiatives, which were due to be implemented in early... 

Cameco not eager for sales contracts at current prices – CEO

By: Reuters Canadian miner Cameco Corp is not interested in signing long-term uranium sales contracts at current prices, and utilities who buy the radioactive material to power nuclear reactors are also cautious, CE Tim Gitzel said on Friday. Gitzel said despite the recent bounce in uranium prices, Cameco... 

Kibo to restart uranium activities

By: Natasha Odendaal Dual-listed Kibo Mining is set to develop its currently idled uranium assets, in Tanzania, through a 50:50 joint venture (JV) partnership with Metal Tiger. The binding memorandum of understanding (MoU) inked this week with Aim-listed Metal Tiger would allow Kibo to pull the Pinewood portfolio out... 

Alliance to withhold Four Mile capex contribution

By: Esmarie Swanepoel The board of ASX-listed Alliance Resources on Thursday said it had made the decision not to contribute the 2015 capital expenditure planned for the Four Mile uranium project, in South Australia. Earlier this month, Alliance lodged a grievance with the Supreme Court of Australia against joint... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO

By: Esmarie Swanepoel Diversified miner BHP Billiton CEO Andrew Mackenzie said on Thursday that the miner was investigating heap leaching opportunities at the Olympic Dam operation, in South Australia, as a gateway to expansion. Speaking at the company’s annual general meeting, Mackenzie told shareholders that heap... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Uranium One posts larger Q3 adjusted loss, regains Kazakhstan permits

By: Henry Lazenby Canadian uranium producer Uranium One on Friday reported a bigger adjusted net loss for the three months ended September 30, as production faltered in Kazakhstan owing to permitting issues. The Toronto-headquartered company, with a globally diversified portfolio of assets in Kazakhstan, the US,... 

Alliance turns to Supreme Court to gain control of Four Mile production

By: Esmarie Swanepoel ASX-listed Alliance Resources has taken its grievance with project partner Quasar Resources to the Australian Supreme Court, in an effort to gain control of its share of production from the Four Mile uranium mine, in South Australia. Earlier this week, Alliance announced that Quasar had passed... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Four Mile budget passes without Alliance approval

By: Esmarie Swanepoel ASX-listed Alliance Resources has failed to impede joint venture partner Quasar Resources from passing the 2015 programme and budget for the Four Mile uranium project, in South Australia. A majority vote at the end of last week passed the 2015 programme and budget, entailing the production of... 

SA signs nuclear agreement with China, gears up for workshop with French 

By: Terence Creamer In what is now the fourth such agreement, Energy Minister Tina Joemat-Pettersson signed an ‘Inter-Governmental Framework Agreement on Nuclear Cooperation’ on Friday with China’s National Energy Administration director Wu Xinxiong. Similar agreements have been signed with South Korea, France and... 

SA signs nuclear agreement with China, gears up for workshop with French
Photo by Duane Daws
Energy Minister Tina Joemat-Pettersson

Strateco gains Australian uranium ally

By: Henry Lazenby Uranium explorer Strateco Resources has agreed to a transaction that will see shareholder the Sentient group offload a 19.8% equity interest in the company to Toro Energy, which has a promising uranium project in Western Australia. Under the terms of the deal, Sentient had agreed to subscribe for... 

Toro executes A$10m project level investment

By: Esmarie Swanepoel Uranium developer Toro Energy has executed a binding unitization agreement with investor The Sentient Group, confirming a further A$10-million investment in the Wiluna uranium project, in Western Australia. At the start of the week, Toro announced that Sentient had agreed to subscribe for... 

Toro sharpens Wiluna focus as it secures A$10m cash injection

By: Esmarie Swanepoel Uranium developer Toro Energy on Monday announced that it had entered into a binding financing and asset acquisition agreement with resources investor The Sentient Group, which would deliver a A$10-million capital injection to the ASX-listed junior. Sentient has agreed to subscribe for... 

Cameco stock slides on production woes, expects possible 5% revenue dip

By: Henry Lazenby TORONTO (miningweekly.com) – Canadian uranium producer Cameco on Wednesday reported weaker-than-expected third-quarter results to shareholders, as labour and operational issues at two of its significant mines impacted on output and prompted the company's TSX-listed stock to trend lower. The... 

Cameco stock slides on production woes, expects possible 5% revenue dip

Russia kicks off South Africa’s ‘nuclear vendor parade’ 

By: Terence Creamer The Department of Energy (DoE) reported on Thursday night that it had concluded its first “nuclear vendor parade workshop” with a delegation from the Russian Federation and that further meetings were planned with vendor countries such as France, China, South Korea, the US and Japan. The workshop,... 

Russia kicks off South Africa’s ‘nuclear vendor parade’
Rosatom logo

Govt-ordered Ranger mine spill report published

By: Esmarie Swanepoel The federal and Northern Territory governments have released the findings of an independent expert report into the leach tank failure at uranium miner Energy Resources of Australia (ERA’s) Ranger mine, in the Northern Territory. The government-ordered independent report, released this week, has... 

Paladin’s Langer Heinrich output below forecast

By: Esmarie Swanepoel September quarter production from the Langer Heinrich mine, in Namibia, was significantly lower than expected, as unforeseen issues with process circuit scaling exacerbated production losses from planned maintenance, ASX- and TSX-listed Paladin Energy reported. The uranium miner had previously... 

Concerns about possible deflationary spiral as commodity prices continue to slide

By: Henry Lazenby In a global economy witnessing passive consumer inflation, sluggish wage growth and falling commodity prices, some market observers have shown concern about the potential for deflation in developed markets. Last month, gold dipped below $1 200/oz, before recovering marginally, as inflation... 

Concerns about possible deflationary spiral  as commodity prices continue to slide

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Kibo shares lift on prospect of study spawning early gold production

By: Martin Creamer The share price of Kibo Mining rose by more than 11% in Johannesburg on Tuesday on the prospect of a commenced definitive feasibility study opening the way for early gold production at the company’s Imweru prospect, in Tanzania. The six-year-old Aim- and AltX-listed exploration and development... 

Kibo shares lift on prospect of study spawning early gold production
Kibo CEO Louis Coetzee

SA says nuclear agreement with France part of ‘preparatory phase’ 

By: Terence Creamer The Department of Energy (DoE) confirmed on Tuesday that an ‘Inter-Governmental Framework Agreement on Nuclear Cooperation’ had been signed with France as part of the “preparatory phase for the possible deployment of French nuclear technology in South Africa”. In a far more tightly-worded... 

SA says nuclear agreement with France part of ‘preparatory phase’
Photo by Duane Daws
Energy Minister Tina Joemat-Pettersson

ERA reports production results after recent Ranger restart

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) produced 566 t of uranium oxide (U3O8) during the three months to September, following the progressive restart of its Ranger mine, in the Northern Territory. Plant operations at the Ranger mine were suspended since December last year, after a... 

ERA reports production results after recent Ranger restart

Gulf continues with divestment plans

By: Esmarie Swanepoel ASX-listed Gulf Minerals on Thursday announcing that it had entered into a sales agreement with joint venture (JV) partner Laramide Resource to divest of its uranium tenements in the Northern Territory. Gulf told shareholders that an internal review had revealed that the tenement would not... 

Areva starts processing first uranium from Cameco’s Cigar Lake

By: Henry Lazenby The McClean Lake mill, operated by Areva Resources Canada, in Saskatchewan, has started processing uranium ore from Canadian mining major Cameco’s C$2.6-billion Cigar Lake mine, which has been operating on and off since March, Areva said in a statement on Wednesday. Areva’s mill has been on... 

Areva starts processing first uranium from Cameco’s Cigar Lake

Laramide resources consolidates interest in Australian uranium project

By: Henry Lazenby TSX- and ASX-listed Laramide Resources on Wednesday reported that it had entered into a ‘sale purchase agreement’ (SPA) to buy out partner Gulf Copper’s full interest in the Gulf JV tenement EL 29898 in Australia’s Northern Territory, thereby further consolidating interest in its flagship asset.... 

Laramide resources consolidates interest in Australian uranium project

Peninsula eyes 2015 start for US uranium production

By: Esmarie Swanepoel ASX-listed Peninsula Energy was hoping to start uranium production from its Lance projects, in the US, by the first half of 2015, under a newly approved scalable production plan, the company said on Tuesday, announcing a re-engineered development plan. Studies completed in 2013 had projected... 

Peninsula eyes 2015 start for US uranium production

Toro releases Wiluna environmental report for public input

By: Natalie Greve Following an environmental assessment, uranium developer Toro Energy has released the environmental scoping document (ESD) for the planned extension of the company’s wholly-owned Wiluna uranium project, in Western Australia . This followed prior approval by the state and federal governments for... 

Toro releases Wiluna environmental report for public input

Alliance announces first uranium shipment from Four Mile

By: Mariaan Webb ASX-listed Alliance Resources on Monday announced that its first shipment of uranium ore concentrate from its Four Mile mine, in South Australia, had reached Canada and that a second shipment was due to land in that country in mid-October. Alliance said the first shipment of 300 000 lb occurred... 

Alliance announces first uranium shipment from Four Mile

Fission Uranium to graduate to TSX main board

By: Henry Lazenby Athabasca Basin explorer Fission Uranium on Friday announced that the TSX had given it conditional approval to move its common stock listing from the TSX-V Exchange to the main board. The company explained that it expected its TSX-listed common shares to start trading when the morning bell rang... 

Fission Uranium to graduate to TSX main board

Bannerman focused on enhancing Namibia project’s ‘early mover’ advantage

By: Mariaan Webb The A$1.4-million heap-leach demonstration plant being built at uranium developer Bannerman Resources Etango project, in Namibia, would enhance the project’s “early mover” advantage, chairperson Ronnie Beevor said on Friday. Writing in the group’s 2014 annual report, Beevor said the heap-leach... 

Bannerman focused on enhancing Namibia project’s ‘early mover’ advantage

ERA progresses Northern Territory underground uranium mine approvals

By: Mariaan Webb Uranium producer Energy Resources Australia (ERA) underground uranium project in the Northern Territory – Ranger 3 Deeps – took one step forward on Friday as the company lodged the draft environmental impact statement (EIS) with authorities. The draft EIS assessed the environmental and social... 

ERA progresses Northern Territory underground uranium mine approvals
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/€ = 13.71Change: 0.04
R/$ = 11.04Change: -0.07
Au 1197.65 $/ozChange: -1.51
Pt 1204.50 $/ozChange: -25.50