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Rejected mine water plan deprived 7 000 of jobs – Robinson 

By: Martin Creamer The rejection of a still-workable mine water and slimes dam plan at the stricken Grootvlei gold mine on Gauteng’s East Rand deprived 7 000 squatter camp dwellers of employment and set the mine on its downward trajectory, which has arguably ended up as the harshest aspect of the Aurora liquidation... 

Alliance mulls A$71m Quasar offer for Four Mile stake

By: Esmarie Swanepoel The share price of ASX-listed Alliance Resources surged on Thursday after the company revealed that its joint venture partner had made another play for full ownership of the Four Mile uranium mine, in South Australia. Alliance on Thursday told shareholders that Quasar Resources had offered... 

GoviEx files mining permit for Madaouela uranium project in Niger

By: Tracy Hancock GoviEx Uranium has filed its mining permit application with the government of Niger for its Madaouela uranium project in the prolific Arlit uranium-mining district of northern Niger. "Filing the mining permit application is a key step in the mine development process," said GoviEx CEO Daniel Major... 

GoviEx files mining permit for Madaouela uranium project in Niger

Toro chairperson takes leave of absence

By: Creamer Media Reporter Uranium company Toro Energy said on Tuesday it had granted its chairperson, Fiona Harris, leave of absence for three months for personal reasons. John Cahill, the Toro audit committee chairperson, would act as chairperson of the board during Harris’s absence, the ASX-listed company reported. 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Alliance publishes Four Mile Northeast uranium resource estimate

By: Creamer Media Reporter The Four Mile Northeast uranium prospect, in South Australia, has an estimated inferred mineral resource of 7.5-million tonnes, averaging 0.30% uranium oxide (U3O8), containing 50-million pounds of U3O8, Alliance Resources reported on Friday. The remaining exploration potential at the prospect,... 

Anatolia and Uranium Resources advance planned merger

By: Creamer Media Reporter Australia’s Anatolia Resources, which is merging with US-based Uranium Resources to fast-track to production, reported on Tuesday that the two companies had executed a binding loan agreement. Uranium Resources would provide a secured loan of up to A$2-million to Anatolia to allow the company to... 

Paladin gets federal nod to gain majority ownership of Canada project

By: Henry Lazenby The Canadian federal government has approved Australia-based Paladin Energy's application to gain majority ownership of a proposed uranium mine in Newfoundland and Labrador. Natural Resources Minister Greg Rickford on Monday said the Conservative government would welcome the foreign investment... 

Paladin gets federal nod to gain majority ownership of Canada project

Three ERA directors quit over shelved Northern Territory uranium project

By: Mariaan Webb Three directors of Energy Resources of Australia (ERA), including chairperson Peter McMahon, have resigned from the ASX-listed company’s board, over differing views on the future of the Ranger 3 Deeps project, in the Northern Territory. In tendering their resignations, McMahon and the two other... 

Cameco's Steane elected new Mining Association of Canada chair

By: Henry Lazenby The Mining Association of Canada (MAC) has elected Cameco’s senior VP and COO of global uranium supply, Robert (Bob) Steane, its new chairperson for a two-year term. The association announced on Thursday that, effective immediately, Steane would replace Shell Canada VP of oil sands operations Zoë... 

Perth-based university discovers new uranium extraction method

New research by the Murdoch University, in Perth, Western Australia, has discovered a technique to extract uranium from brannerite, which could result in an additional 1 000 t, or A$108-million, in yearly uranium exports for Australia. The research formed part of an ongoing project at Murdoch’s... 

Unionised Cameco employees accept new collective agreement

By: Henry Lazenby About 100 unionised employees at Cameco Fuel Manufacturing’s operations, in Port Hope and Cobourg, Ontario, had voted to accept a new collective agreement, Canadian uranium major Cameco reported on Friday. The employees, represented by the United Steelworkers local 14193, had agreed to a... 

ERA abandons Northern Territory underground uranium project

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) on Friday announced that it had abandoned its planned Ranger 3 Deeps underground project, in the Northern Territory, citing economic challenges and uncertain market conditions. The board was of the view that the uranium market had not improved as... 

ERA abandons Northern Territory underground uranium project

Toro Energy enters into deal with Sentient to refinance debt

By: Esmarie Swanepoel Uranium developer Toro Energy has inked a transaction with major shareholder The Sentient Group which would halve its current A$12-million debt, and convert the remaining debt into a secured interest free loan owed to Sentient. Toro would repay the full A$12-million owed to Macquarie Bank with... 

Strateco files for bankruptcy protection on Quebec permit denial

By: Henry Lazenby Junior explorer Strateco Resources has received creditor protection from the Superior Court of Quebec after First Nation opposition to its Matoush uranium project, located on reserve lands in the province’s Otish mountains, had halted the company’s flagship project dead in its tracks. The court... 

Strateco files for bankruptcy protection on Quebec permit denial

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital 

By: Martin Creamer Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Photo by Duane Daws
Paul Miller

Mergers and acquisitions drop 46% q/q – KPMG

By: Henry Lazenby During the three months ended March 31, the global mining industry has recorded the lowest number of mergers and acquisitions (M&A) transactions in years, recording only 14 transactions worldwide. This represented a drop of 46% quarter-over-quarter, professional services firm PwC said in its... 

Looming 15% uranium market supply gap could spur price revival – Cameco

By: Henry Lazenby An emerging 15% supply gap could signal a prolonged upturn in the uranium price through to 2024, Canadian uranium major Cameco said on Thursday. A decline in secondary sources of yellowcake was forcing the market to increasingly rely on primary suppliers, which, when coupled with unprecedented... 

Looming 15% uranium market supply gap could spur price revival – Cameco

Anatolia and Uranium Resources on fast track to production with merger

By: Esmarie Swanepoel Uranium hopeful Anatolia Energy on Thursday announced that it had reached a merger agreement with US-based Uranium Resources to create a larger diversified uranium development and exploration business. Under the terms of the transaction, Uranium Resources would acquire full control of the... 

Mining engineering graduates struggling to find jobs

By: Martin Creamer After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best... 

Mining engineering graduates struggling to find jobs
Photo by Duane Daws
Huw Phillips

Paladin corners Carnarvon basin with Carley Bore uranium acquisition

Perth-based Paladin Energy on Monday announced that it would buy the Carley Bore uranium project in Western Australia’s Carnarvon basin from Energia Minerals in a A$15.8-million transaction. The acquisition would consolidate Paladin Energy’s control of an emerging uranium province around its... 

Paladin corners Carnarvon basin with Carley Bore uranium acquisition

Uranium Energy’s Paraguay project advances to exploitation phase

By: Henry Lazenby The Yuty in situ recovery (ISR) project, one of two projects owned by US uranium producer and project developer Uranium Energy Corp (UEC) in Paraguay, is the third project to enter the exploitation phase since the country's current mining law was promulgated in 2007. The NYSE MKT-listed company... 

Oakbay narrows FY losses

By: Natasha Odendaal 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.
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