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Uranium News

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Peru uranium/lithium mine to come on stream in 2020 – developer

By: Ilan Solomons     21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... 

Peru uranium/lithium mine to come on stream in 2020 – developer
Photo by Plateau Uranium
MACUSANI PLATEAU EXPLORATIONS About C$50-million has been spent on historical exploration workings on the project to date

Paladin output falls in line with reduced mining plan

By: Esmarie Swanepoel     19th April 2017 Uranium oxide (U3O8) production from the Langer Heinrich mine, in Namibia, fell by 26% during the three months to March as production was impacted by the first full quarter of a reduced mining plan. Miner Paladin Energy on Wednesday reported that production from the Langer Heinrich mine reached... 

Stillwater transaction to test Trump team’s appetite for China deals

By: Bloomberg     10th April 2017 Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal. The Trump administration... 

Long-term improvements forecast for uranium market

By: Robyn Wilkinson     7th April 2017 Although the international uranium market has been facing tough operating conditions, new demand growth is expected later this year on the back of investment in new nuclear reactors in Russia, China and India, says data insights solutions provider GlobalData mining research director Alok Shukla. 

Long-term improvements forecast for uranium market
NUCLEAR SURGE Twenty-two new nuclear reactors are scheduled for completion this year, which will require triuranium octoxide, or yellowcake, for operation

Preparing to keep top producer spot in S Africa

By: Robyn Wilkinson     7th April 2017 Gold producer AngloGold Ashanti has recommissioned a section of its Mine Waste Solutions operation, located in Stilfontein, in the North West, in order to maintain its current uranium production levels in anticipation of potential future upturns in the international market. 

Preparing to keep top producer spot in S Africa
MANAGING OPERATIONS The Great Noligwa mine was added to the Moab Khotsong operation in 2014, where uranium is produced as a by-product of gold production

Platinum has best price improvement prospects – Major

By: Martin Creamer     6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... 

Platinum has best price improvement prospects – Major
Cadiz Corporate Solutions mining director Peter Major

Uranium Energy receives aquifer exemption approval for Texas ISR project

By: Henry Lazenby     6th April 2017 The US Environmental Protection Agency has approved Texas-based miner Uranium Energy Corp's (UEC's) exemption request for a 2 180 ha acquifer for the Burke Hollow in-situ recovery (ISR) project, in South Texas.  Burke Hollow is the third project to be developed as part of the company's... 

Paladin abandons Manyingee stake sale to Avira

By: Esmarie Swanepoel     3rd April 2017 Uranium miner Paladin Energy has abandoned a sales agreement with ASX-listed Avira Energy over a 30% interest in the Manyingee project, in Western Australia. The two companies in July last year signed a binding term sheet under which Avira would acquire an initial 30% interest in the project for... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Mining showing tentative improvement off low base – chamber
Photo by Duane Daws
Chamber of Mines economist Henk Langenhoven

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

Africa needs nuclear energy – Rosatom
Photo by Duane Daws
Viktor Polikarpov

Simpson dismissed from Peninsula board

By: Esmarie Swanepoel     28th March 2017 ASX-listed Peninsula Energy has announced the immediate departure of its MD and CEO John Simpson, who will also be stepping down from the board. Wayne Heili has been appointed CEO and MD, effective April 3. 

Era boss moves to Rio Tinto

By: Esmarie Swanepoel     24th March 2017 Uranium miner Energy Resources of Australia (Era) has announced that its CEO and MD Andrea Sutton will resign to take up a position with parent company Rio Tinto. Sutton, who was appointed CEO and MD in 2013, will work with the board to ensure a smooth transition to her successor, Era said on... 

Paladin launches arbitration against Langer Heinrich JV partner

By: Megan van Wyngaardt     23rd March 2017 Dual-listed Paladin Energy on Thursday launched arbitration proceedings against joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary to seek orders and declarations regarding the sale of the Langer Heinrich mine (LHM), in Namibia’s Erongo... 

Resources Watch  

     23rd March 2017 'Irrational' uranium prices making life tough, even for world-class juniors; IDC supporting entry of superior platinum processing route; and ARM’s Motsepe says take community engagement seriously 

Resources Watch
Resources Watch

EU watchdog approves Berkeley uranium sale

By: Esmarie Swanepoel     21st March 2017 The governing body for all nuclear fuel transactions in the European Union has given consent for ASX-listed Berkeley Energia to sell uranium from its Salamanca mine, in Spain. Berkeley Energia in November of last year inked a sales agreement with Curzon Resources for a total of two-million... 

Oakbay Resources' CEO resigns 

By: African News Agency      15th March 2017 Oakbay Resources and Energy, which is owned by the controversial Gupta family, announced on Wednesday that its CEO Jacques Roux had resigned with effect from the end of this month. Roux took over from Varun Gupta in May last year. 

Jasons adds to Honeymoon resource

By: Esmarie Swanepoel     15th March 2017 ASX-listed Boss Resources has reported a 10% increase in the contained metal endowment at its Honeymoon uranium project, in South Australia. The increase in the Honeymoon resource followed on from a 107% increase in the inferred resource estimate for the Jason deposit, which now stands at... 

WA uranium miners seek Labor support

By: Esmarie Swanepoel     14th March 2017 The uranium sector has urged Western Australia’s newly elected Premier Mark McGowan to keep an open mind when it comes to uranium mining in the state. Minerals Council of Australia (MCA) executive director for uranium Daniel Zavattiero said this week that, since the ban on uranium mining in... 

Bannerman gets Namibian partner

By: Esmarie Swanepoel     14th March 2017 Uranium developer Bannerman Resources has entered into a subscription agreement with Namibian company One Economy Foundation, which will become a 5% loan-carried shareholder in the Etango project. As part of the subscription agreement, Bannerman will issue 5% of its ordinary share capital to the... 

'Irrational' uranium prices making life tough, even for world-class juniors 

By: Henry Lazenby     13th March 2017 The resource investment market’s fixation on uranium spot prices and fewer majors operating in the space are making life difficult for uranium exploration juniors, even those such as Fission Uranium that have made world-class discoveries in one of the best jurisdictions in the world. Speaking to... 

'Irrational' uranium prices making life tough, even for world-class juniors
Fission Uranium chairperson and CEO Dev Randhawa discusses the uranium industry's fixation on spot prices and COO and chief geologist Ross McElroy gives an exploration update. Video: Henry Lazenby; Editing: Lionel da Silva.

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Greens party criticises Mulga Rock mine approval

By: Esmarie Swanepoel     8th March 2017 The Australian Greens party has lashed out at federal Environment Minister Josh Frydenberg’s approval of the Mulga Rock uranium mine, in Western Australia. ASX-listed Vimy Resources this week announced that Freydenberg approved the proposed mine, subject to certain conditions, noting that the... 

African Energy sells Zambian projects

By: Esmarie Swanepoel     7th March 2017 ASX-listed African Energy will sell its Zambian uranium portfolio to TSX-listed GoviEx Uranium for three-million shares and 1.6-million common share purchase warrants. Each of the purchase warrants will be convertible into one common share at a price equal to the US dollar equivalent of 160% of... 

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Cabinet discusses new minerals director-general, mine water and mine town steps

By: Martin Creamer     2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... 

Cabinet discusses new minerals director-general, mine water and mine town steps
Eastern Basin acid mine drainage plant in Springs

Fission discovers new mineralised zone at PLS

By: Henry Lazenby     1st March 2017 Junior explorer Fission Uranium has announced the discovery of a new mineralised zone 660 m west of the existing R840W zone, highlighting the potential to extend the Patterson Lake South (PLS) mineralised trend, in Saskatchewan’s Athabasca Basin, well beyond the current 2.63 km. The Kelowna-based... 

Cameco’s Port Hope facility secures 10yr operating licence

By: Creamer Media Reporter      28th February 2017 The Canadian Nuclear Safety Commission (CNSC) has granted TSX- and NYSE-listed Cameco a ten-year operating licence for its conversion facility in Port Hope, Ontario. The licence expires on February 28, 2027. 

Russian nuclear deal places massive liability on South Africans 

By: News24Wire      27th February 2017 A nuclear agreement with Russia has far-reaching consequences for the budget the Western Cape High Court heard on Friday, as it places all liability for a nuclear accident on South Africa, while indemnifying Russia completely. David Unterhalter, SC, appearing for Earthlife Africa and the Southern... 

Canadian miner achieves record smelter production

     24th February 2017 Canada-based international gold mining company Dundee Precious Metals’ (DPM’s) Tsumeb copper smelter, in Tsumeb, in Namibia, achieved record smelting production in December, with quarterly concentrate production also at a record high of 61 270 t, DPM said when it announced its mine and smelter... 

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