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Uranium News

Paladin continues uranium sales

By: Esmarie Iannucci     17th January 2019 ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in... 

Berkeley shares surge on media reports

By: Esmarie Iannucci     11th January 2019 The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved. The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official... 

Berkeley shares surge on media reports

C$10.3m approved to advance of Wheeler River uranium project

By: Mariaan Webb     18th December 2018 Spurred on by the positive results of its prefeasibility study (PFS) for the Wheeler River project, Canadian uranium company Denison Mines on Tuesday announced that C$10.3-million would be spent on advancing the Athabasca basin project in 2019. The budget, approved by the Wheeler River joint... 

Global uranium supply sufficient to meet future demand – NEA 

By: Marleny Arnoldi     14th December 2018 Intergovernmental agency, the Nuclear Energy Association (NEA), says the world’s supply of uranium is more than adequate to meet projected requirements for the foreseeable future, regardless of the role that nuclear energy will play in meeting future electricity demand and global climate... 

Global uranium supply sufficient to meet future demand – NEA
Cameco's Inkai mine in Kazakhstan

Westwater seeks arbitration over Turkey licences

By: Mariaan Webb     13th December 2018 Nasdaq-listed Westwater Resources said on Thursday that it would seek international arbitration over what it alleged was the illegal taking of its Temrezle and Sefaalti uranium projects by the Turkish government in June this year. Westwater has sought to open a dialogue with the government, but... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Kazatomprom says it has not initiated KASE listing

By: Reuters     12th December 2018 Kazakh uranium miner Kazatomprom has not initiated the admission of shares to the Kazakh Stock Exchange, the company said on Wednesday. The exchange said this week it has opened trading in Kazatomprom shares which had initially been listed on another Kazakh bourse, the Astana International... 

CanAlaska and Cameco team up on West McArthur uranium project

By: Creamer Media Reporter      12th December 2018 Vancouver-based junior CanAlaska and uranium major Cameco have formed a joint venture (JV) on the West McArthur project, 6 km north-west of the McArthur River uranium mine. CanAlaska is the operator and 70% owner of the West McArthur JV, which is located in the Athabasca basin region, dubbed the... 

Paladin optimising Langer Heinrich for potential restart

By: Esmarie Iannucci     6th December 2018 ASX-listed Paladin Energy has launched optimisation studies at its Langer Heinrich uranium mine, in Namibia, in preparation for a restart decision. CEO Scott Sullivan told shareholders on Thursday that the company would consider multiple processing options for the mine in a prefeasibility study... 

Paladin optimising Langer Heinrich for potential restart

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Miners bear brunt of risk aversion as investors take fright

By: Reuters     5th December 2018 A two-year recovery in the mining industry has faltered, as trade tensions between China and the United States and concerns about economic growth weaken commodity prices and deter investment. Institutional investors and fund managers say tighter regulations, namely MiFID, a major reform of... 

Miners bear brunt of risk aversion as investors take fright

URU's Zebediela licence renewed

By: Creamer Media Reporter      4th December 2018 The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo. The right will expire on December 2, 2021. 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Congo begins audit of Glencore unit after cobalt exports halted  

By: Bloomberg     3rd December 2018 The Democratic Republic of Congo’s (DRC's) government began an audit into how radioactive cobalt produced by a Glencore unit left the country before an alarm was raised. The probe places a further strain on relations between the commodity trader and Congo’s government frayed earlier this year by... 

Saudi Arabia targets $64bn in mining revenue by 2030

By: Reuters     26th November 2018 Saudi Arabia aims to raise the kingdom's mining revenues to $64-billion from $17-billion by 2030, Energy Minister Khalid al-Falih said on Monday. Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from... 

Rio Tinto sells Namibia uranium mine to China’s CNUC 

By: Esmarie Iannucci     26th November 2018 Global diversified miner Rio Tinto has signed a binding agreement with China National Uranium Corporation (CNUC) to divest of its 68.62% stake in the Rössing uranium mine, in Namibia, for up to $106.5-million. Rio CEO Jean-Sebastian Jacques said on Monday that the transaction represented the... 

Rio Tinto sells Namibia uranium mine to China’s CNUC

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Glencore's radioactive news may help give cobalt its buzz back  

By: Bloomberg     7th November 2018 Glencore’s sudden discovery that some of its cobalt is radioactive couldn’t come at a better time. After a surge in prices last year, enthusiasm for cobalt has been fading, partly because of a surge in new supply. But sentiment could be changing after Glencore’s unit in the Democratic Republic of... 

Glencore's radioactive news may help give cobalt its buzz back

Virginia uranium-mining ban gets support at top US court

By: Bloomberg     6th November 2018 The US Supreme Court gave a mostly favorable reception to a Virginia law that bans mining at the nation’s largest known uranium deposit, as the justices weighed a challenge pressed by the owners of the property with help from the Trump administration. Hearing arguments in Washington Monday, the... 

NexGen rises on uranium PFS results

By: Mariaan Webb     6th November 2018 Investors have rewarded British Columbia uranium developer NexGen by pushing its Toronto-listed equity up by nearly 14% on Monday, following the release of the prefeasibility study (PFS) results and a mineral resource update of the Arrow deposit in the Athabasca basin in Saskatchewan. The PFS... 

High Court justices grapple with Virginia uranium-mining ban

By: Bloomberg     5th November 2018 US Supreme Court justices grappled with a Virginia law that bans mining at the nation’s largest known uranium deposit, weighing a challenge pressed by the owners of the property with help from the Trump administration. Hearing arguments in Washington, the justices considered whether Virginia’s... 

Cameco says uranium market improves, but still a need for caution

By: Mariaan Webb     5th November 2018 Although the uranium market has showed a “marked” improved over the past year, Canadian uranium major Cameco has cautioned that prices are still nowhere near where they have to be to restart the idled production capacity, let alone incentivise new production opportunities. Significant production... 

Cameco says uranium market improves, but still a need for caution
Cameco CEO Tim Gitzel

Tiris tipped for 2020 start

By: Esmarie Iannucci     30th October 2018 The Tiris uranium project, in Mauritania, is still expected to start production in 2020, ASX-listed Aura Energy said, with the company currently progressing a definitive feasibility study (DFS). A 2014 scoping study estimated that the project would require a capital investment of $45-million,... 

CRA appeals Tax Court decision that found in favour of Cameco

By: Creamer Media Reporter      26th October 2018 Uranium miner Cameco said on Friday that the Canada Revenue Agency (CRA) had appealed the September 26 Tax Court ruling, which found in favour of the miner for the 2003, 2005 and 2006 tax years. This means that it will take at least another two years before the case reaches finality. 

CRA appeals Tax Court decision that found in favour of Cameco
Cameco CEO Tim Gizel

Uranium market's Aramco unveils London IPO despite Trump threat

By: Bloomberg     22nd October 2018 The initial public offering (IPO) of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its... 

Kazatomprom confirms plan for London, Astana IPO

By: Reuters     22nd October 2018 The world's biggest uranium miner, Kazakh state firm Kazatomprom, confirmed on Monday its intention to list global depository receipts on the London stock exchange as part of an initial public offering. The company, which announed the preliminary plan last week and said it would also list shares... 

US EPA withdraws proposed Obama-era rule change for uranium mining

By: Reuters     21st October 2018 The US Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners. On January 19, 2017 - a day before Donald Trump took office as president - the... 

US EPA withdraws proposed Obama-era rule change for uranium mining

Paladin revenue drops sharply as Namibia mine shuts down

By: Esmarie Iannucci     19th October 2018 ASX- and TSX-listed Paladin Energy has reported $6.6-million in revenue for the quarter ended December, from the sale of 267 423 lb of uranium oxide (U3O8). The quarterly sales results compared with the $23.6-million in revenue generated from the sale of 1.14-million lb U3O8 in the previous... 

Berkeley plunges on Spain permit uncertainty

By: Mariaan Webb     17th October 2018 The stock of triple listed Berkeley Energia plunged on Wednesday, after news reports that the Spanish government has decided not to issue the permits needed for its Salamanca uranium mine. Berkley, which on Monday alerted investors to a delay in receiving an urbanisation licence, traded nearly... 

Berkeley plunges on Spain permit uncertainty

Berkeley to reduce costs citing uncertainty over key licence

By: Mariaan Webb     15th October 2018 Despite reporting “strong and growing support” for the Salamanca uranium project in Spain, Australian mining firm Berkeley Energia on Monday reported that it was unlikely to imminently receive a key permit that would allow for construction to start. As a result, the triple-listed uranium project... 

Berkeley to reduce costs citing uncertainty over key licence

Kazatomprom may sell 25% stake in London/Astana float

By: Reuters     15th October 2018 Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil... 

Kazatomprom may sell 25% stake in London/Astana float

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

ERA reports 36% increase in production

By: Esmarie Iannucci     10th October 2018 Uranium miner Energy Resources of Australia (ERA) has reported a 36% increase in production during the three months to September, with production reaching 544 t of uranium oxide, up from the 400 t produced in the June quarter. ERA said on Wednesday that the increased production resulted from... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

MCA calls for legislation review to end ‘uranium discrimination’

By: Esmarie Iannucci     8th October 2018 The Minerals Council of Australia (MCA) has called for a reform of the Environment Protection and Biodiversity Conservation (EPBC) Act, to allow Australia to benefit from uranium mining. In a paper commissioned by the MCA, environmental assessment expert Lachlan Wilkinson recommended the Act be... 

MCA calls for legislation review to end ‘uranium discrimination’

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

Uranium import probe threatens US nuclear power industry - group

By: Reuters     27th September 2018 US nuclear power generators urged the federal government against taking action in a dispute over imported uranium, arguing tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut, according to a statement emailed on Wednesday. The US Department... 

Cameco wins Canada tax dispute

By: Mariaan Webb     27th September 2018 The Tax Court of Canada has ruled in favour of uranium miner Cameco in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years, bringing to an end one of the largest-ever cases to reach this particular court. The case dates back to 2008, when... 

Cameco wins Canada tax dispute
Cameco president and CEO Tim Gitzel
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