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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

Niger cabinet approves new Areva uranium deal

By: Reuters Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday, completing two years of often fraught negotiations. The two parties announced the signature of a new 10-year agreement for... 

Niger cabinet approves new Areva uranium deal

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

Chad to double oil output by 2016, develop minerals – Minister

By: Reuters Chad expects to double oil production by the end of 2015 as new fields come on stream and has appointed firms to inventory potential mineral deposits in an effort to diversify the economy, its finance minister said. The former French colony, one of the poorest nations in the world, has been... 

Chad to double oil output by 2016, develop minerals – Minister

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

New nuclear storm as Westinghouse seeks legal review of R4.3bn Koeberg contract 

By: Terence Creamer Toshiba’s Westinghouse Electric Company on Monday launched an expedited review application in the South Gauteng High Court challenging Eskom’s decision to award a R4.3-billion contract to Areva, of France, for the replacement of steam generators at the Koeberg nuclear power station, in Cape... 

New nuclear storm as Westinghouse seeks legal review of R4.3bn Koeberg contract

Toro and Areva team up on NT uranium exploration

By: Creamer Media Reporter Uranium developer Toro Energy has signed a farm-in and joint venture (JV) agreement with the Australian division of global nuclear energy group Areva to explore in the Northern Territory. The agreement covers a tenement package of 2 292 km2 in the “relatively underexplored” Wisco basin, southwest... 

Toro and Areva team up on NT uranium exploration

Quebec and Labrador First Nations draw the line against uranium

By: Henry Lazenby At a workshop on uranium development hosted by the Assembly of First Nations Quebec-Labrador (AFNQL) on Friday, First Nations from across the region reaffirmed their opposition to uranium development on their territories and throughout Quebec. In March 2013, the AFNQL passed a resolution inviting... 

Quebec and Labrador First Nations draw the line against uranium

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

PEA reveals positive return on investment for Arizona uranium project

By: Creamer Media Reporter US-based uranium miner and explorer Uranium Energy Corporation on Tuesday reported that a preliminary economic assessment (PEA) report on its Anderson project, in Arizona, had revealed a positive return on investment, with an internal rate of return (IRR) of between 53% and 63% and uranium prices... 

PEA reveals positive return on investment for Arizona uranium project

ERA reports slight increase in Ranger 3 Deeps resource

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) has reported a slight increase in resources for its Ranger 3 Deeps mine, in the Northern Territory. The miner said on Wednesday that with some 95% of the revised underground drilling programme now complete, the resource model was estimated to... 

ERA reports slight increase in Ranger 3 Deeps resource

Paladin warns of Sept quarter production shortfall

By: Esmarie Swanepoel Dual-listed uranium miner Paladin Energy is expecting its September quarter production to be around 15% below expectations, owing to plant works at its Langer Heinrich mine, in Namibia. During the three months to June, the Langer Heinrich mine produced 1.38-million pounds of uranium oxide. 

Paladin warns of Sept quarter production shortfall

Cameco, mineworkers reach tentative accord to end McArthur River lockout

By: Henry Lazenby Canadian uranium producer Cameco and mineworkers had reached a tentative deal that could end a two-week-long lockout at the world’s largest uranium mine, the McArthur River mine and Key Lake mill, in Saskatchewan’s Athabasca basin. Cameco on Friday explained that it expected the 535 workers... 

Cameco, mineworkers reach tentative accord to end McArthur River lockout

NSW opens for uranium exploration

By: Esmarie Swanepoel The New South Wales government has short-listed six companies that would be allowed to apply for uranium exploration licences. The companies included ASX-listed Iluka, Marmota Energy, EJ Resources, Hartz Rare Earths and Australian Zirconia, as well as a joint venture between Callabonna Resources... 

NSW opens for uranium exploration

AngloGold springs London Newco surprise, sets out to raise $2.1bn

By: Martin Creamer Johannesburg- and New York-listed gold-mining major AngloGold Ashanti on Wednesday sprung a restructuring surprise with the spinoff of a separate Newco that will be listed in London, along with corporate restructuring and the raising of additional $2.1-billion capital next year in a move that... 

AngloGold springs London Newco surprise, sets out to raise $2.1bn
Photo by Duane Daws
Srinivasan Venkatakrishnan (Venkat),

Indian government forced to close down prime uranium mines

By: Ajoy K Das Close on the heels of shutting down iron-ore mine last week, the Indian government has directed Uranium Corporation of India Limited (UCIL) to stop mining operations at its Jaduguda uranium mines in the eastern province of Jharkhand. The order came down on Tuesday, as the mines were operating... 

Indian government forced to close down prime uranium mines

Uranium Energy appoints industry veteran executive VP

By: Henry Lazenby TSX-listed Uranium Energy Corp (UEC) on Monday announced that it had appointed industry veteran Scott Melbye executive VP with immediate effect. Melbye has 30 years experience in the nuclear energy industry having held leadership positions in major uranium mining companies as well as... 

CME welcomes Australia’s uranium trade deal with India 

By: Esmarie Swanepoel The Western Australian Chamber of Minerals and Energy (CME) has welcomed the federal government’s agreement with India, under which Australian uranium would be exported and used for nuclear power generation in that country. In a trip to Delhi last week, Australian Prime Minister Tony Abbott... 

CME welcomes Australia’s uranium trade deal with India

Paladin waiting for price rebound to reopen Malawi uranium mine 

By: Esmarie Swanepoel Uranium miner Paladin Energy would spend some A$16-million a year on its Kayelekera mine, in Malawi, to ensure that the operation was ready to resume production once the uranium price rebounded. Speaking to Mining Weekly Online on the sidelines of Paydirt’s Africa Downunder conference, in Perth,... 

Paladin waiting for price rebound to reopen Malawi uranium mine
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