http://www.miningweekly.com

Global Mining News in real time

Uranium News

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-over-month in April as energy gains more than offset metals weakness. 

Rio Tinto agrees to extend Laramide farm-in and JV agreements

By: Henry Lazenby     26th May 2016 Canadian uranium project developer Laramide Resources has received an extension from Rio Tinto Exploration (RTX) to complete certain work programmes and satisfy minimum spending obligations under the earn-in periods on the Rio Tinto Murphy farm-in and joint venture (JV) tenements in the Northern... 

Mining in hard times: small teams and big trucks for BHP's Olympic Dam

By: Reuters     26th May 2016 A vast copper and uranium lode in Australia's parched outback, global miner BHP Billiton's Olympic Dam was long emblematic of the industry's boom year projects: complex, ambitious and - until 2012 - slated for a $20-billion expansion. Like its rivals, BHP is still betting on copper, and the ore... 

DA urges IDC to give Guptas 'a wide berth'

By: News24Wire      25th May 2016 The Industrial Development Corporation (IDC) should “follow the lead of the commercial banks and give the president’s pals (the Guptas) a wide berth in future”, the Democratic Alliance (DA) said on Wednesday. DA MP Michael Cardo was officially responding to Economic Development Minister Ebrahim... 

DA urges IDC to give Guptas 'a wide berth'
Photo by Duane Daws
IDC CEO Geoffrey Qhena

Anglo Pacific optimistic about higher 2016 royalty income

By: Creamer Media Reporter      25th May 2016 LSE- and TSX-listed Anglo Pacific expects its royalty income for the full 2016 financial year to be significantly higher than the £8.7-million earned in 2015. The company noted in a trading update on Wednesday that royalty income for the first quarter of the year, ended March 31, was... 

Despite delay, Denison and GoviEx asset merger to create new African uranium champion

By: Henry Lazenby     20th May 2016 A new Africa-focused uranium champion is in the making, with the planned combination of Canadian explorers Denison Mines and GoviEx Uranium’s assets on the continent which, once completed, was expected to comprise the largest undeveloped uranium resource base in the world. Despite the partners... 

Despite delay, Denison and GoviEx asset merger to create new African uranium champion

Canada wildfire moves into Saskatchewan, but little risk to mines, farms

By: Reuters     20th May 2016 A Canadian wildfire has moved from oil-rich Alberta province into Saskatchewan province, though that province's fertile farms and lucrative mines are tucked far away from the blaze's path. The fire in northern Alberta hit the town of Fort McMurray in early May, forcing widespread evacuations and... 

Too costly to shut: Mine sales stumble on looming clean-ups

By: Reuters     19th May 2016 Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump, but the crippling cost of environmental rehabilitation makes it tough to seal deals. Where mine sales have gone ahead, production is... 

Too costly to shut: Mine sales stumble on looming clean-ups
BHP Billiton held on to its loss-making Nickel West operation after failing to find a buyer. The business is estimated to have $1-billion in closure liabilities.

Botswana grants A-Cap environmental approval for uranium mine

By: Mariaan Webb     18th May 2016 The Botswana government has approved the environmental-impact statement of the Letlhakane project, Australian developer A-Cap announced on Wednesday. The approval was an important requirement for securing a mining licence for what would be Botswana’s first uranium mine. A-Cap submitted an... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

Mongolia set to pay $70m to end Khan mine dispute-source

By: Reuters     13th May 2016 Mongolia is ready to deliver a $70-million payment to Toronto-listed uranium miner Khan Resources, a government source said, wrapping up a seven-year dispute that tarnished the country's reputation as a hot mining destination. The resource-rich country that relies on China to buy nearly all of... 

Husab fuel facility to showcase capabilities for mining sector

     13th May 2016 Fuels, lubricants and oil-based products producer and marketer Engen Petroleum was scheduled to complete the construction of a fuel storage and dispensing facility at the Husab uranium project, in Namibia, in late March.  

Husab fuel facility to showcase capabilities  for mining sector
POWERFUL PROSTECTS Once in full production, the Husab uranuim mine will be one of the largest in the world

Rössing mineworker health study under way

     13th May 2016 Namibian uranium producer Rössing Uranium is undertaking a “comprehensive epidemiological study” of former and current employees of the Rössing mine, in the Namib desert, which has been planned since 2011.  

Rössing mineworker health study under way
DETERMINING RISK The aim of the Rössing mine's epidemiological study is to determine whether there is an excess work-related cancer risk

Nuclear RFP will yield ‘binding’ financial information – Minister 

By: Terence Creamer     11th May 2016 Energy Minister Tina Joemat-Pettersson told lawmakers on Wednesday that the upcoming nuclear request for proposal (RFP) would enable South Africa to secure the “binding commercial and financial information” required to allow Cabinet to take a final decision on how best to implement the proposed... 

Nuclear RFP will yield ‘binding’ financial information – Minister
Energy Minister Tina Joemat-Pettersson

Paladin posts Q3 loss despite Langer Heinrich performing well

By: Henry Lazenby     10th May 2016 TSX- and ASX-listed uranium producer Paladin Energy has reported an adjusted loss of $14.8-million, or $0.01 a share for the third quarter ended March 31, as an improved performance at its Langer Heinrich mine, in Namibia, was undercut by weak sales volumes. The performance was in line with... 

S Australia can safely increase nuclear participation, says report

By: Esmarie Swanepoel     10th May 2016 The resources sector has welcomed the South Australian Nuclear Fuel Cycle Royal Commission’s report, which looks into the state’s role in the nuclear fuel cycle. The report, which was delivered to Premier Jay Weatherill this week, found that South Australia could safely increase its... 

S Australia can safely increase nuclear participation, says report

Berkeley secures $10m funding from shareholder

By: Esmarie Swanepoel     10th May 2016 Uranium developer Berkeley Energia has secured $10-million in financing from major shareholder Resource Capital Funds (RCF) to progress infrastructure work and exploration programmes at the Salamanca project, in Spain The RCF financing comprised the issue of $5-million worth of ordinary shares... 

US uranium miner acquires idled producer as it anticipates price uptick

By: Dylan Slater     6th May 2016 US-based uranium miner Energy Fuels recently announced that it is acquiring established uranium producer Mesteña Uranium.  

US uranium miner acquires idled producer as it anticipates price uptick
STEVE ANTONY It is an exciting time to be in the uranium mining sector, with increasing optimism worldwide in nuclear power generation

Era sets priorities for Ranger mine

By: Esmarie Swanepoel     4th May 2016 Uranium miner Energy Resources of Australia (Era) has identified three priorities at its Ranger mine, in the Northern Territory, following a strategic review of the uranium project. The review was initiated after Era failed to gain approval for an extension of its Ranger authority. The current... 

Management at Areva mine in Niger say strike violates bonus deal

By: Reuters     3rd May 2016 French nuclear company Areva's local business in Niger denounced a 72-hour strike at its Cominak uranium mine as a violation of a previous agreement over bonuses. Workers launched the strike on Monday, demanding the full payment of bonuses they say they are owed for reaching financial targets... 

Rio rides to Era's rescue

By: Esmarie Swanepoel     2nd May 2016 Uranium miner Energy Resources of Australia (Era) has signed a A$100-million credit facility with parent company Rio Tinto to allow for the rehabilitation of the Ranger project area, in the Northern Territory. The ASX-listed Era told shareholders that at the end of December last year, the... 

Rio rides to Era's rescue

‘Quiet’ quarter prompts more cautious outlook for Cameco

By: Henry Lazenby     29th April 2016 Canadian uranium producer Cameco has reported a “very quiet” first quarter during which it swung to an adjusted loss of C$7-million, or C$0.02 a share, compared with earnings of C$69-million, or C$0.18 a share a year earlier. For the three months ended March 31, revenues fell 28% year-over-year... 

‘Quiet’ quarter prompts more cautious outlook for Cameco

Companies bought to enhance training offering

     29th April 2016 Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

MetSkill

By: Creamer Media Reporter      29th April 2016 Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts     29th April 2016 If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons     29th April 2016 Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Peninsula secures $15m for US uranium project expansion

By: Esmarie Swanepoel     26th April 2016 Uranium junior Peninsula Energy has secured $15-million in funding through convertible loan agreements with shareholders Resources Capital Fund VI (RCF VI) and Pala Investments to fund the expansion of its Lance project, in the US. The company said on Tuesday that the $15-million funding was the... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer     25th April 2016 Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Laramide proves a point at Westmoreland

By: Esmarie Swanepoel     22nd April 2016 Dual-listed Laramide Resources on Friday revealed that a preliminary economic assessment (PEA) of its Westmoreland uranium project, in Queensland, has estimated that the project could deliver a net present value of $598-million and an internal rate of return of $400-million. The project was... 

Laramide ticker lights up on positive update of Westmoreland PEA

By: Henry Lazenby     21st April 2016 Dual-listed explorer and project developer Laramide Resources has completed an updated preliminary economic assessment (PEA) on its flagship Westmoreland project, in Australia’s Northern Territory, bumping-up its Toronto-listed stock by almost 36% on Thursday. Laramide reported improved project... 

Paladin denies tailings spill at Kayelekera

By: Esmarie Swanepoel     18th April 2016 Uranium miner Paladin Energy on Monday denied reports of a water discharge at its Kayelekera mine, in Malawi, following reports indicating that water from a tailings facility at the mine had been released into the environment. CEO Alexander Molyneux said on Monday that no water tailings had been... 

Zwane gazettes Mining Charter review for comment

By: Martin Creamer     15th April 2016 Mineral Resources Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic empowerment Mining Charter for public comment. The Ministry said in a release to Creamer Media’s Mining Weekly Online that the draft sought to strengthen the charter’s efficacy to effect... 

Zwane gazettes Mining Charter review for comment
Photo by Duane Daws
Mosebenzi Zwane

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit 

By: Terence Creamer     14th April 2016 The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a total of 2 229 spent-fuel... 

Koeberg to pursue dry-cask storage as used-fuel pools head for 2018 limit

Era production falls in March quarter

By: Esmarie Swanepoel     11th April 2016 Uranium miner Energy Resources of Australia (Era) has reported an 11% decline in uranium oxide (U3O8) production from its Ranger mine, in the Northern Territory, as mill head grades declined. Production during the three months to March reached 593 t of U3O8, which was down from the 669 t of U3O8... 

Uranium Resources sells noncore US assets to Laramide

By: Esmarie Swanepoel     11th April 2016 Dual-listed Laramide Resources has entered into a definitive share purchase agreement to buy Uranium Resources’ subsidiary Hydro Resources, in a deal valued at $12.5-million. Hydro Resources holds the Churchrock and Crownpoint properties, in the US state of New Mexico. 

Boss adds to Honeymoon resources

By: Esmarie Swanepoel     8th April 2016 ASX-listed Boss Resources has reported a 90% increase in the resource estimate for its Honeymoon uranium project, in South Australia. Boss on Friday reported a maiden Joint Ore Reserves Committee compliant mineral resource estimate of 22.1-million tonnes for the Gould’s Dam project area. 

Local company completes Namibian uranium project

By: Dylan Slater     8th April 2016 Vanderbijlpark-based medium- to heavy-engineering company Turnmill Proquip Engineering completed its scope of work for a contract to fabricate the adsorption and elution columns for uranium miner Swakop Uranium’s Husab project, in Namibia.  

Local company completes Namibian uranium project
HUSAB PROJECT Turnmill Proquip Engineering was responsible for fabricating adsorption and elution columns for the ion exchange plant at the Husab project, in Namibia

Resource-intensive Canadian and US states show stronger economic performance than others

By: Henry Lazenby     7th April 2016 The very strong economic performance in specific resource-intensive jurisdictions in Canada, especially Alberta and Saskatchewan, are mainly responsible for Canada’s comparatively strong overall economic record relative to the US since the recession of 2008/09, a new report by the influential... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 17.47Change: -0.09
R/$ = 15.73Change: -0.21
Au 1212.98 $/ozChange: -1.01
Pt 977.00 $/ozChange: -4.00
 
Subscribe Now for $149
Subscribe Now for $149 Close