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Uranium News

Eskom’s role and outstanding generation plan key to nuclear RFP delay

By: Terence Creamer     Updated 1 hour 19 minutes ago The issue of Eskom’s role in the procurement process for South Africa’s nuclear new build programme is said to lie at the heart of Cabinet’s surprise decision to delay the release of the controversial nuclear request for proposals (RFP), which was due for dissemination on September 30. However,... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

By: Creamer Media Reporter      30th September 2016 Capital considerations dominate the top three business risks in the mining and metals sector, according to professional services firm EY’s latest ‘Top 10 business risks facing mining and metals 2016-2017’ report. “Much like our global counterparts, Canadian mining and metals companies are facing... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

World’s first trunnion-supported stainless steel mill commissioned

By: Robyn Wilkinson     30th September 2016 Grinding mill supplier New Concept Projects (NCP) has commissioned the world’s first trunnion-supported, fully stainless steel mill at a copper plant, in the Democratic Republic of Congo (DRC), which is operating with the use of a highly acidic slurry solution as a grinding medium. 

World’s first trunnion-supported stainless steel mill commissioned
WORLD FIRST New Concept Project’s trunnion-supported, fully stainless steel mill can operate in highly acidic conditions

New Namibian uranium mine says to start production next month

By: African News Agency      29th September 2016 Swakop Uranium has announced that production at its Husab mine in Namibia would commence late next month. Local media reports said the planned operationalisation of the mine was disclosed by company CEO Zheng Keping when he paid a courtesy call on VP Nickey Iyambo in Windhoek on Wednesday. 

BHP restarts Olympic Dam mine shut after power outage

By: Reuters     28th September 2016 BHP Billiton said its Olympic Dam copper, gold and uranium mine was temporarily shut before being restarted with back up generation following a power outage in South Australia state. "Following the loss of power in South Australia, Olympic Dam was able to safely shut down, and start back up... 

Honeymoon moves to PFS 

By: Esmarie Swanepoel     28th September 2016 An expansion study into the Honeymoon uranium project, in South Australia, has given owner Boss Resources the necessary confidence to move to a prefeasibility study phase, with a decision to mine expected by the end of 2017. The Honeymoon project consists of two main exploration areas and... 

Vimy starts early works at Mulga Rock

By: Esmarie Swanepoel     27th September 2016 Uranium developer Vimy Resources has received backing from the Western Australian Environmental Protection Authority (EPA) to start preliminary work at its Mulga Rock project. The work involves an upgrade to the existing site access road to allow for heavy equipment to be brought to site, and the... 

Greenland Minerals teams up with Shenghe on Kvanefjeld development

By: Mariaan Webb     23rd September 2016 Shanghai-listed rare earths company Shenghe Resources will acquire a 12.5% interest in Greenland Minerals and Energy (GMEL) and enter into a strategic working relationship with the Australia-listed company to advance the Kvanefjeld project. Shenghe downstream processing subsidiary Leshan Shenge... 

Uranium prices sink lower amid oversupply

By: Bloomberg     23rd September 2016 Uranium prices have gone from bad to worse, slumping to an 11-year low as brimming global inventories weigh on a market that hasn’t recovered from the Fukushima disaster in Japan. Spot uranium declined 1.4% to $24.40/lb on Thursday, the lowest since April 2005, according to data from Ux... 

Vimy raises cash for Mulga Rock

By: Esmarie Swanepoel     23rd September 2016 Uranium hopeful Vimy Resources plans raise A$20-million to assist in the development of its Mulga Rock project, in Western Australia. An initial A$4.6-million will be raised through a two tranche placement to new and existing institutional and sophisticated investors. 

Vimy raises cash for Mulga Rock

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Berkeley finds buyer for first million pounds

By: Esmarie Swanepoel     20th September 2016 Uranium developer Berkeley Energia has signed a letter of intent for the sale of its first million pounds of uranium from the Salamanca mine, in Spain. The agreement, with Interalloys Trading, will span a period of five years starting from first production. The average price contemplated by the... 

Berkeley finds buyer for first million pounds

Foundry and engineering company clinches several contracts

By: David Oliveira     16th September 2016 Foundry and engineering company Thos Begbie & Co received a number of orders recently to refurbish and manufacture furnace and smelting equipment, after orders from Southern Africa furnace operators dropped significantly from November last year to July this year. Thos Begbie & Co outgoing CEO... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill

Aura Energy lists on London’s Aim

By: Megan van Wyngaardt     12th September 2016 Uranium development company Aura Energy started trading on the Aim on Monday. The Australian gold, soda ash and lithium explorer, with projects in Africa and Europe, raised £2.24-million through the placement of 196-million new ordinary shares at £0.0114 apiece, giving it a market capitalisation... 

Tech deal gives Namibia uranium project wings

By: Esmarie Swanepoel     12th September 2016 ASX-listed Marenica Energy and fellow-listed Deep Yellow have inked a technology licence agreement that will see Marenica provide its U-pgrade technology to develop the Tumas uranium project, in Namibia. Marenica’s U-pgrade technology could potentially deliver significant project and operating... 

Tech deal gives Namibia uranium project wings

Oakbay seeks to shed light on its operations, upbeat about future prospects

By: Ilan Solomons     9th September 2016 In an attempt to highlight that its revenue is largely driven by private-sector deals – with government contracts accounting for only 8.9% of revenue generation – controversial investment holding company Oakbay Investments on Thursday released its first annual results for the year ended February... 

Oakbay seeks to shed light on its operations, upbeat about future prospects
Photo by Duane Daws
Oakbay’s coal mining subsidiary Tegeta Exploration and Resources’ Brakfontein mine

Expanded Wiluna gets enviro backing

By: Esmarie Swanepoel     6th September 2016 The Western Australian Environmental Protection Authority (EPA) has recommended the approval of uranium developer Toro Energy’s extension to its Wiluna project. The EPA’s approval of the expanded project is in addition to the previously received approval from the Western Australian and federal... 

Expanded Wiluna gets enviro backing

Chamber sees people-centred mine modernisation as major boost for economy  

By: Martin Creamer     6th September 2016 While the modernisation of South Africa’s gold and platinum mines will be a major boost to the South African economy, failure to modernise will put a huge number of jobs at risk. Work done to date indicates that modernisation extends mine life materially, while also preserving mining employment,... 

Chamber sees people-centred mine modernisation as major boost for economy
Chamber of Mines senior executive: modernisation and safety Sietse van der Woude talks to Mining Weekly Online’s Martin Creamer. Video & Video Editing: Nicholas Boyd.

Mining project enquiries on the rise – Amec Foster Wheeler 

By: Martin Creamer     2nd September 2016 Although the mining project business is currently depressed, the increased number of enquiries for potential studies is indicative of an uplift in demand. Amec Foster Wheeler regional director: mining Africa Gavin Chamberlain reports that with the integration of MDM Engineering into the group,... 

Mining project enquiries on the rise – Amec Foster Wheeler
Amec Foster Wheeler regional director: mining Africa Gavin Chamberlain talks to Mining Weekly Online’s Martin Creamer on mining projects. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Toro reports results of Wiluna beneficiation test work

By: Creamer Media Reporter      29th August 2016 Uranium developer Toro Energy on Monday reported that beneficiation studies on the proposed processing circuit for the Wiluna uranium project, in Western Australia, had successfully demonstrated that a simple screen and deslime beneficiation circuit process could significantly upgrade the... 

Schwalbe

     26th August 2016 Focused on providing products and services whilst ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and tested, with favourable results, by companies such as gold producer AngloGold Ashanti,... 

Schwalbe

Anglo Pacific reports strong interim results as royalty income rises

By: Henry Lazenby     25th August 2016 Royalty streaming firm Anglo Pacific Group has reported strong results for the first half of 2016, more than doubling free cash flow and narrowing its net loss, which was helped by a weaker pound and higher royalty income. For the interim period ended June 30, the London, UK-based firm reported a... 

Paladin narrows FY net loss, to lower output amid low price environment

By: Henry Lazenby     25th August 2016 Falling uranium prices are forcing dual-listed uranium miner Paladin Energy to cut back production even further. The TSX- and ASX-listed miner on Wednesday announced that it was working on a proposed plan to reduce mining and mill throughput at the Langer Heinrich Mine (LHM), in Namibia, with... 

Paladin narrows FY net loss, to lower output amid low price environment

Fission finds more uranium to the west of PLS’s Triple R deposit

By: Henry Lazenby     25th August 2016 Explorer Fission Uranium has found uranium pathfinder elements and strong radioactivity in two new drill holes completed to the west of the western-most deposit at the Patterson Lake South (PLS) project, in Canada’s Athabasca basin. The Kelowna, British Columbia-based junior on Wednesday... 

Eclipse brings Rio Tinto on board to explore NT uranium tenements

By: Megan van Wyngaardt     22nd August 2016 Australian exploration company Eclipse Metals and its wholly-owned subsidiary, North Minerals, has entered a joint venture (JV) agreement with mining giant Rio Tinto subsidiary Rio Tinto Exploration to acquire an interest in one of the company’s Northern Territory Liverpool uranium project... 

Fission’s PLS discovery grows as it connects westernmost deposits

By: Henry Lazenby     19th August 2016 Uranium explorer Fission Uranium has connected the westernmost deposits of the Patterson Lake South (PLS) project, host to the Triple R deposit in Northern Saskatchewan. The explorer on Thursday announced the results from the summer drilling programme for the final eight drill holes on the R840W... 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies

Horomela seeks to expand its asset base, attracting investors

By: Ilan Solomons     19th August 2016 Local base metals exploration and mining aspirant Horomela last month received permission from the Department of Mineral Resources (DMR) to assess the viability of exploring a further 600 000 ha of tenements adjacent to an existing 200 000 ha of prospecting land, in the Namaqualand region of the... 

Horomela seeks to expand its asset base, attracting investors
Photo by Duane Daws
ABONGILE MDINGI The Department of Mineral Resources has given Horomela the go-ahead to survey its new tenements for copper, lead, silver, tungsten, zinc and uranium

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Forsys lifts private placement to $660 000, on track for 76% cost reduction by 2017

By: Henry Lazenby     18th August 2016 Uranium project developer Forsys Metals has increased the amount of a private placement announced on Monday by a further $120 000 to $660 000, after it received additional interest from existing and new subscribers. The placement price has also been revised upwards by a cent to $0.06 a unit. Each... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign

By: Henry Lazenby     16th August 2016 New lithium explorer Advantage Lithium (formerly known as North South Petroleum) is preparing to launch a drilling campaign within three to four weeks on highly prospective targets in Nevada, located a stone's throw away from North America’s only producing lithium mine. This, together with an... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign
Photo by Advantage Lithium
Advantage Lithium's portfolio includes the Clayton NE project that borders Albemarle’s Silver Peak property – the only lithium brine mine in North America

Vimy gets EPA approval for Mulga Rock uranium mine

By: Megan van Wyngaardt     15th August 2016 Perth-based resource development company Vimy Resources on Monday announced that Western Australia’s Environmental Protection Authority (EPA) had given its approval for its Mulga Rock project, in the state’s Eastern Goldfields. The EPA assessed Vimy’s proposal and prepared an assessment report,... 

Australia's Aura Energy to float shares in London by end September

By: Reuters     15th August 2016 Australian uranium miner Aura Energy plans to list shares on the AIM market of the LSE by the end of September and aims to raise £2.85-million ($3.7-million), it said on Monday. The company is already listed on the ASX with a market capitalisation of $510.50-million at the close on Friday and... 

Australia's Aura Energy to float shares in London by end September

India expects first uranium shipment from Australia by March

By: Bloomberg     10th August 2016 India is in talks to get its first shipment of uranium from Australia by March, highlighting the south Asian nation’s push to secure supplies of a key component of its clean-energy strategy. India is seeking to buy as much as 1 500 t of the atomic fuel over five years and expects its first... 

DRA investment partner funds PFS of Peninsula’s Karoo projects

By: Samantha Herbst     4th August 2016 ASX-listed uranium miner Peninsula Energy will issue about 977 000 fully paid shares to project management company DRA Global’s independent investment partner, Concentrate Capital Partners (CCP), at A$0.80 a share, following a recently signed subscription agreement. DRA Projects is completing the... 

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