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Canada-India uranium tensions thaw as Cameco strikes export deal

By: Henry Lazenby Canada on Wednesday unveiled a C$350-million deal to supply more than seven-million pounds of uranium concentrate to India, signalling a new era for the two countries’ bilateral relations. Canadian uranium producer Cameco announced that it had inked a supply agreement with the Department of... 

Creamer Media publishes Canadian Mining Roundup for April 2015 research report

This month’s roundup includes details of the New Brunswick Department of Environment and Local Government’s review of the Sisson project’s draft environmental-impact assessment; Chile’s Environmental Court ruling that the Pascua-Lama project straddling the Chilean/Argentinian border has not... 

Creamer Media publishes Canadian Mining Roundup for April 2015 research report

Australia’s uranium industry has billion-dollar export potential

By: Esmarie Swanepoel Uranium has the potential to be the next billion-dollar export industry for world number-three producer Australia, with an earnings potential of close to A$2-billion a year. Despite being home to 32% of the world’s uranium resources, the country only accounted for 11% of global production, the... 

Australia’s uranium industry has billion-dollar export potential

Uranium miner ERA’s output falls 18% q/q

By: Esmarie Swanepoel Lower mill head grades has resulted in uranium miner Energy Resources of Australia (ERA) reporting a decline in production during the March quarter, compared with the previous quarter. ERA on Friday reported that it had produced 489 t of uranium oxide (U3O8) in the quarter, compared with the 599... 

Court dismisses NGO, native challenge to Arizona uranium mine

By: Henry Lazenby The US District Court for the District of Arizona has denied a challenge by nongovernment organisations and a Native American tribe with regard to TSX- and NYSE MKT-listed Energy Fuels’ ability to operate its Canyon uranium mine. The court's decision on Wednesday confirmed the company's right to... 

Niger court declares Areva workers strike illegal, ends walk-out

By: Reuters A court in Niger declared a strike by workers at French nuclear group Areva's Somair uranium mine illegal, cutting short a planned 72-hour walk out half a day early, company and union officials said on Thursday. "The court declared the strike illegal. Everything returned to normal this Thursday,"... 

Workers launch three-day strike at Areva's Somair mine in Niger

By: Reuters Workers at French nuclear group Areva's Somair mine in Niger launched a three-day strike on Tuesday over what they said was the company's failure to pay bonuses, a union spokesperson said. Moussa Moutari, spokesperson for the SYNAMIN union, said that 90% of the roughly 1 000 workers at the mine... 

Mine control system commissioning scheduled for year-end

By: Dylan Stewart Industrial automation and information solutions provider Rockwell Automation is to commission the primary control system for miner Swakop Uranium’s Husab mine, near Swakopmund, in Namibia, by the end of the year, says Rockwell Automation MD Barry Elliott. 

Radioactive waste conference seeks to shape knowledge of the future

Nearly 200 participants at the International Conference and Debate on the Preservation of Records, Knowledge and Memory of Radioactive Waste across Generations, last year agreed that future generations should be provided with knowledge and understanding of their environmental heritage. 

Uranium demand likely to rise

By: Dylan Stewart Several arrows point upwards when one questions what is likely to happen to the demand for uranium, says Canada-based uranium exploration company Fission Uranium director Anthony Milewski. 

Uranium demand likely to rise
DEV RHANDAWA Although uranium is demanded by hundreds of power stations, it is sourced in too small a number of mines

Uranium-rich South Africa has noncoal emissions-reduction opportunity – consultancy

By: Dylan Stewart Nuclear generation is likely to be the only noncoal solution that could potentially enable South Africa to reach its carbon emission reduction target, says global energy and resource specialist Venmyn Deloitte mining advisory exploration manager Andrew de Klerk, adding that South Africa hosts... 

US and Kazakhstan agree on removal of highly enriched uranium

Semi-autonomous US government agency the Department of Energy’s National Nuclear Security Administration (DOE/NNSA) plans to work with Kazakhstan, Russia and the International Atomic Energy Agency (IAEA) to return about 50 kg of highly-enriched uranium (HEU) to Russia, thereby eliminating all HEU... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’

By: Terence Creamer The Department of Energy (DoE) announced on Tuesday that the pre-procurement phase for South Africa’s proposed roll-out of a nuclear new build programme had been completed, following the latest in a series of workshops with vendor countries and their companies. Consultations had been held with... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’
South Africa's only nuclear plant, Koeberg

Mining BEE ownership to be tested in court – Minister 

By: Martin Creamer Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim announcement on the outcome of... 

Mining BEE ownership to be tested in court – Minister
Photo by Duane Daws
Minister Ngoako Ramatlhodi (centre), chamber's Mike Teke (left) and DMR DG Dr Thibedi Ramontja

Paladin warns of lower output

By: Esmarie Swanepoel Uranium miner Paladin Energy on Tuesday warned shareholders that damage to its pre-leach thickener and a delay in the ramp-up at its Langer Heinrich mine, in Namibia, would impact on its production for 2015. Early in March, Paladin reported the failure of the pre-leach thicker at the Namibian... 

Paladin raises another $50m

By: Esmarie Swanepoel Uranium miner Paladin Energy will issue a further $50-million in convertible bonds to China Investment Corporation (CIC), giving the miner additional flexibility to reduce its debt. In February, Paladin raised $100-million through convertible bonds, which were issued to institutional,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Western Uranium advances Black Range takeover

By: Esmarie Swanepoel Uranium developer Black Range Minerals has executed a definitive merger implementation agreement with Canada’s Western Uranium. In January, Western Uranium launched an A$18.5-million takeover offer for ASX-listed Black Range, offering one of its own shares for every 750 Black Range shares held.  

Uranium Resources secures further $200 000 loan from shareholder

By: Natalie Greve Aim-listed Uranium Resources has entered into a further $200 000 unsecured loan facility agreement with its major shareholder and strategic investor Estes for the period to January 1, 2016. The loan, which would bear interest at London Interbank Offered Rate, would be used to fund working capital... 

Queensland uranium ban to benefit Western Australia – Marmion

By: Esmarie Swanepoel The Western Australian government has gleefully welcomed reports that Queensland was considering re-instituting a ban on uranium mining, with Mines and Petroleum Minister Bill Marmion saying the decision would allow Western Australia to capitalise on investment in the sector. While the... 

Forsys stock rallies on ‘robust’ feasibility study for ‘construction ready’ Namibia project

By: Henry Lazenby Namibia-focused uranium project developer Forsys Metals has reported a 14.8% rise in reserves, higher yearly and life-of-mine output and lower operating costs for its Norasa uranium project, in the Erongo region, following the completion of a feasibility study (FS). Norasa comprises the Valencia... 

QRC laments news of new Queensland uranium ban

By: Esmarie Swanepoel The Queensland Resources Council (QRC) lamented reports that the newly elected state government is considering reinstating a ban on uranium mining. Queensland Minister for State Development, Natural Resources and Mines Anthony Lynham reportedly confirmed that a prohibition on uranium mining... 

Areva says SA nuclear ambitions intact despite major restructuring plan 

By: Terence Creamer French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for 2014. Areva has announced... 

Areva says SA nuclear ambitions intact despite major restructuring plan
Photo by Duane Daws
Areva South Africa MD Dr Yves Guenon

Bannerman launches SPP to raise funds

By: Esmarie Swanepoel ASX- and TSX-listed Bannerman Resources was hoping to raise up to A$2-million through a share purchase plan (SPP), announced on Thursday. The SPP would allow eligible shareholders to subscribe for up to A$15 000 of new shares, priced at 5.2c each. The SPP would open on March 11, and would close... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

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Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

Kibo enters two JVs with Metal Tiger for gold and uranium projects

By: Megan van Wyngaardt Tanzania focused exploration and development company Kibo Mining has completed due diligence on its Morogoro South gold-prospective exploration portfolio and has started its 50/50 joint venture (JV) activities with investing company Metal Tiger. The portfolio, which consists of 18 licences,... 

Kibo enters two JVs with Metal Tiger for gold and uranium projects

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Alliance rejects Quasar’s A$57.6m offer for Four Mile stake

By: Esmarie Swanepoel ASX-listed Alliance Resources on Monday rejected a A$57.6-million offer from its joint venture partner Quasar Resources to gain full control of the Four Mile uranium project, in South Australia. The offer was made for Alliance’s 25% share of the project and for its share of the uranium oxide... 

EPA approves expanded Wiluna plan

By: Esmarie Swanepoel The Western Australian Environmental Protection Authority (EPA) has approved the environmental scoping document for the Wiluna project extension, developer Toro Energy reported on Wednesday. Under the expansion project, Toro would integrate the Millipede and Lake Maitland deposits into its... 

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