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Uranium News

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... 

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

Denison selects low-cost ISR method for Wheeler River project

By: Mariaan Webb     25th September 2018 Uranium company Denison Mines has selected the low-cost in-situ recovery (ISR) mining method for the development of the high-grade Phoenix deposit at the Wheeler River project, marking the first deposit identified for ISR mining in Canada’s Athabasca basin. The company decided on ISR mining... 

Denison selects low-cost ISR method for Wheeler River project
The Wheeler River camp in Canada.

Westwater CEO expects continued uranium price rise

By: Creamer Media Reporter      21st September 2018 Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term. In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Feasibility study at Lance projects indicates a viable low-pH operation

By: Marleny Arnoldi     17th September 2018 Uranium miner Peninsula Energy has completed a feasibility study for its Lance projects, in Wyoming, US, which confirmed the economic viability of transitioning to a low-pH in-situ recovery (ISR) operation. The study had the aim of demonstrating the robustness of the planned transition from... 

Spain's nuclear watchdog requests more info on Berkeley uranium mine

By: Reuters     14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Toro tips cost savings at Wiluna

By: Esmarie Iannucci     12th September 2018 Uranium developer Toro Energy has flagged the potential for significant cost reductions at its Wiluna uranium project, in Western Australia, following leach testing results. The ASX-listed company on Wednesday said that the leach testing results far exceeded expectations with efficiencies, pulp... 

Laramide consolidates NT landholding

By: Esmarie Iannucci     5th September 2018 Dual-listed Laramide Resources has struck a deal with Verdant Minerals to acquire the full interest in the Lagoon Creek joint venture (JV) tenement, in the Northern Territory. The acquisition agreement replaces an existing farm-in and JV agreement on the project, which saw Laramide hold a 50%... 

Denison buys out Cameco in Wheeler River JV

By: Mariaan Webb     5th September 2018 Uranium explorer and developer Denison Mines has increased its interest in the Wheeler River uranium project to 90% buy buying out Cameco Corp’s minority interest in the undeveloped high-grade project in the eastern Athabasca basin. Denison will acquire Cameco’s interest in the joint venture... 

Uranium premining activity in north-east India comes to a halt

By: Ajoy K Das     31st August 2018 Efforts to get uranium mining under way in the north-eastern Indian state of Meghalaya came to a halt on Thursday with State-run Uranium Corporation Limited (UCIL) deciding to close down its offices in the region and terminate services of its contract workers. Meghalaya is the third richest in... 

Uranium set for best run since 2014 as miners buy after halts

By: Bloomberg     31st August 2018 Uranium is heading for its longest run of monthly gains since November 2014 as global supply tightens after mine closures and as producers and investors boost purchases in the spot market. Spot uranium is up 2.1% this month, set for a fourth monthly advance, and has climbed more than 30% since... 

Continuous ion exchange technology projects achieve milestones

By: Tasneem Bulbulia     31st August 2018 Minerals processing equipment supplier Multotec Process Equipment (Multotec) has secured its first two projects for the continuous ion exchange technology it offers, and is achieving notable progress in both, Multotec senior process engineer Carien Spagnuolo tells Mining Weekly. The technology is... 

Continuous ion exchange technology projects achieve milestones
PIONEER PROJECT Multotec installed and is commissioning an effluent treatment plant for the treatment of wastewater at an antimony roaster in Oman, in the Middle East

Plateau Energy Metals appoints CEO

By: Creamer Media Reporter      20th August 2018 Canadian lithium and uranium exploration company Plateau Energy Metals, which is advancing projects in the Macusani Plateau in south-eastern Peru, has a new CEO. The company announced on Monday that its board had appointed Alex Holmes, who most recently was a partner and cofounder of Oxygen... 

Western Uranium raises funds in positive macroeconomic environment

By: Nadine James     17th August 2018 US-focused uranium and vanadium mining company Western Uranium Corporation is benefiting from a positive macroenvironment and price increases for both uranium and vanadium, which have increasingly led management to focus on strategic, operational and capital raising opportunities, the company... 

Peru President expects lithium, uranium mining laws passed in 6 months

By: Reuters     12th August 2018 Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800-million mine. Plateau said last month it had found 2.5-million... 

Denison to showcase Canada uranium project with release of PFS next month

By: Mariaan Webb     10th August 2018 Canada-based Denison Mines is gearing up for the release of a prefeasibility study (PFS) focusing on largest undeveloped high-grade uranium project in the eastern Athabasca basin. Following two years of exploration and project development work, the PFS for the Wheeler River project will be... 

Paladin noteholders set to meet

By: Esmarie Iannucci     3rd August 2018 The noteholders of dual-listed Paladin Energy are expected to meet on August 21 to vote on the creation of a lien of Paladin Finance in favour of Nedbank in relation to the environmental performance bond obligations for the Kayelekera mine. The noteholders are also expected o vote on a waiver in... 

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