http://www.miningweekly.com
R/€ = 15.81 Change: -0.02
R/$ = 13.25 Change: -0.02
Au 1292.65 $/oz Change: -2.09
Pt 932.50 $/oz Change: -0.50
 

Uranium News

Russian nuclear giant joins scramble to supply electric-car boom

By: Bloomberg     20th September 2017 Russia’s State-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles. 

McKinsey, KPMG targeted as South Africa graft scandal widens

By: Bloomberg     15th September 2017 After helping topple one of Britain’s best known public-relations companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co. and auditing firm KPMG for doing work for businesses tied to the Gupta family and President Jacob Zuma’s son. The Guptas, originally... 

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

NexGen secures outstanding stake in prospective Dufferin Lake property

By: Henry Lazenby     11th September 2017 Uranium explorer NexGen Energy has entered a purchase agreement with Rainmaker Resources and Eagle Trail Properties to acquire the 40% outstanding interest in its Dufferin Lake property. The Vancouver-based company and the vendors had previously entered into a mineral claim option agreement dated... 

Bannerman hopeful on uranium price

By: Esmarie Swanepoel     7th September 2017 Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the 15th yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade... 

Mogadishu requests 'urgent military assistance' over uranium mining claims

By: African News Agency      4th September 2017 Somalia’s government has made an urgent request for “immediate military assistance” from the United States to prevent Islamist militants Al Shabaab from supplying uranium to Iran. In a letter, Foreign Minister Yusuf Garaad says the militants have captured a region with uranium deposits and have... 

Mogadishu requests 'urgent military assistance' over uranium mining claims
Photo by Reuters
Al Shabaab

MCA wants Australian govt to rethink nuclear stance

By: Esmarie Swanepoel     1st September 2017 The Minerals Council of Australia (MCA) has called on the Australian government to rethink its nuclear prohibition, saying the ban on nuclear power could no longer be afforded given the country’s current energy challenges. “Nuclear power is off the table in Australia – literally banned,” the... 

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Red Metal Mining

     1st September 2017 Diversified project engineering house Red Metal Mining (RMM) is focused on the specialised design of cast resin dry-type transformers, mini substations and electrical automation systems required by mining and associated industries. “Wherever electricity is generated, distributed, or required, we... 

Red Metal Mining

New head of Kazatomprom appointed

     31st August 2017 The former deputy chairperson of the National Bank of Kazakhstan, Galymzhan Pirmatov, has been appointed the head of the country’s State uranium mining group Kazatomprom. Pirmatov is well known in the nuclear industry, having held the position of VP for economics and finance of Kazatomprom... 

Tanzania invites bids for hydropower project in game reserve

By: Reuters     31st August 2017 Tanzania has invited bids to build a 2 100 MW hydroelectric plant in a World Heritage site renowned for its animal populations, despite opposition from conservationists to the long-delayed project. The East African nation considers the project at Stiegler’s Gorge in the Unesco-designated Selous... 

Peninsula warns of impairment

By: Esmarie Swanepoel     31st August 2017 Uranium producer Peninsula Energy has warned of a $25-million to $35-million impairment charge in the second half of the financial year, following further downgrades in future uranium price consensus forecasts and lower annual production levels. The impairment in the second half of the financial... 

Denison hits high-grade unconformity uranium mineralisation at Gryphon

By: Henry Lazenby     30th August 2017 Uranium explorer Denison Mines has for the first time found unconformity uranium mineralisation at its Gryphon deposit, on the 60%-owned Wheeler River project, in the Athabasca Basin region of northern Saskatchewan. TSX- and NYSE MKT-listed Denison said on Wednesday drill hole WR-689D3... 

Berkeley finds investor to fund Spain uranium mine to production

By: Creamer Media Reporter      30th August 2017 Aim- and ASX-listed Berkeley Energia has signed a $120-million investment agreement with the sovereign wealth fund of Oman to fund the Salamanca uranium mine, in Spain, into production. The investment will position Oman as a long-term strategic investor in the company, as well as a potential... 

Marenica starts testing on Paladin ores

By: Esmarie Swanepoel     29th August 2017 ASX-listed Marenica Energy has collected ore samples from uranium miner Paladin Energy’s Langer Heinrich operation, in Namibia, to conduct testwork on. Marenica and Paladin in June this year struck an agreement to conduct amenability testwork on low-grade ore samples from the Langer Heinrich... 

Corporate and govt cooperation needed to drive energy stability

By: Robyn Wilkinson     25th August 2017 There needs to be ongoing open dialogue between the corporate sector and government to ensure that energy supplies for mining projects are secured and stabilised timeously to take advantage of valuable economic opportunities in Africa, says Johannesburg-based consultancy Core Consultants founder... 

Corporate and govt cooperation needed to drive energy stability
LARA SMITH Governments’ lead times for approving new power plants in African countries are often too long, resulting in a failure to realise the full potential of valuable mining projects

Improve efficiencies before adopting new energy solutions

By: Robyn Wilkinson     25th August 2017 For many mines, there is still significant work to be done in terms of improving operating energy efficiencies, and a sound understanding of the benefits of digitalisation could be the key to unlocking considerable value in this endeavour, says professional services firm EY South Africa advisory... 

Improve efficiencies before  adopting new energy solutions
Photo by Bloomberg
STRATEGIC INVESTMENTS With a thorough understanding of its daily energy requirements, a mine can achieve clarity on where an injection of renewable energy can provide maximum benefit

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Incremental improvements now leading to energy efficiency
Zest WEG Group integrated sales executive Johan van Niekerk discusses the group’s energy efficiency technologies. Video and Editing: Lionel da Silva

Modular, mobile dry-type transformers ideal for Africa

By: Robyn Wilkinson     25th August 2017 As mining projects move into ever more remote locations in Africa, modular and mobile energy solutions – such as dry-type transformers – are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. 

Modular, mobile  dry-type transformers ideal for Africa
SAFER OPTION Dry-type transformers are completely flame-retardant and emissions free, using resin and vacuum-pressure impregnation to insulate windings and air as a cooling agent

Rental generators bridging solution for African mines

By: Robyn Wilkinson     25th August 2017 Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. 

Rental generators bridging solution for African mines
READY TO GO Aksa’s new generator rental fleet is well stocked and designed to operate in harsh conditions, providing the ideal interim power solution for mines expanding in Africa

Tax benefits for demonstrated energy savings at mines

     25th August 2017 Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa’s Income Tax Act, before it is too late, as this opportunity is limited until 2020. 

Tax benefits for demonstrated energy savings at mines
FUEL FOCUS Masana offers mines high-performance products and fuel management systems for improved haul road efficiencies and reduced heavy equipment maintenance

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

Energy Fuels lifts Canyon Mine uranium resource, adds copper

By: Henry Lazenby     24th August 2017 A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner announced on Wednesday that the bulk of... 

Mkango renews Thambani licence

By: Natasha Odendaal     23rd August 2017 Aim- and TSX-V-listed Mkango Resources has been granted a further two years on its exclusive exploration licence for its Thambani project, in south-west Malawi, effective September 8, 2017. Mkango is currently evaluating strategic options for Thambani, including opportunities to form a joint... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

WorleyParsons developing black enterprises
WorleyParsons RSA CEO Denver Dreyer interviewed by Mining Weekly’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

Firms joining forces to raise $500m for mining  projects, particularly in Africa
Photo by Duane Daws
PRECISION PLANNING The way a project is structured is critical to ensuring whether or not it receives the needed finance

NexGen in a class of its own as maiden PEA catapults Arrow into the big league

By: Henry Lazenby     17th August 2017 There are about 30 aspects around the recently unveiled maiden preliminary economic assessment (PEA) on uranium exploration junior NexGen Energy’s Arrow deposit, which is part of the Rook 1 project in the south-west of Saskatchewan’s Athabasca Basin, that separates it from its development peers... 

NexGen in a class of its own as maiden PEA catapults Arrow into the big league
Photo by Bloomberg
NexGen signage in front of the NYSE in May

Gupta firms sue Bank of Baroda to try stop account closures  

By: Bloomberg     17th August 2017 Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender to try and stop the termination, which comes after South Africa’s four biggest lenders cut banking services for the family that’s in business with... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Technology set to unleash mining innovation – Anglo’s O’Neill
Anglo American technical director Tony O’Neill

Outa lays corruption charges against former Eskom board director 

By: African News Agency      15th August 2017 The Organisation Undoing Tax Abuse (Outa) has laid a criminal complaint with the police against former Eskom director, Mark Pamensky. Outa chief operating officer Ben Theron on Tuesday said the charges related to Pamensky’s conduct while at Eskom and a business ”linked to the Gupta business empire.” 

Growth aids new sales platform

By: Nica Schreuder     11th August 2017 There is cautious optimism worldwide in the future demand for valves, owing to investment in major industries, such as, besides others, mining and oil and gas, as well as related infrastructure, which has prompted growth in the valves industry this year. Industry players are hoping that this... 

Growth aids new sales platform
COMPLEXITY Despite the sophisticated nature of valves, ValveConnect emphasises that they are still commodity items accessible through an online platform

Interest returning to Africa in response to commodities resurgence

     11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Interest returning to Africa in response to commodities resurgence
INTEGRAL EVENT The importance of Africa Down Under continues to be reflected in the number of high-profile attendees it welcomes to Australia’s mining capital each year

Boss raises A$3m to advance Honeymoon project

By: Esmarie Swanepoel     9th August 2017 Uranium hopeful Boss Resources has completed a A$3-million capital raise to advance activities at its Honeymoon project, in South Australia. The ASX-listed company placed 60-million shares, priced at 5c each, to new and existing sophisticated investors. The placement was made within the... 

New booklet outlines measures to turn mine enviro hazards into jobs generator

By: Ilan Solomons     4th August 2017 Environmental watchdog Federation for Sustainable Environment (FSE) has proposed the establishment of a pilot project to address the waste and pollution legacy of mining in the Witwatersrand basin, with a clear linkage between the potential for revenue generation through materials reclamation and... 

New booklet outlines measures to turn mine enviro hazards into jobs generator
Photo by Duane Daws
MARIETTE LIEFFERINK The project would be in the position to supply jobs to 100 people, who would be responsible for the rehabilitation of Tweelopiespruit and surrounding areas

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

By: Samantha Herbst     2nd August 2017 TSX-listed explorer Fission Uranium has intersected the widest mineralisation and some of the strongest radioactivity to date at its Patterson Lake South property in Canada’s Athabasca basin, following the results of an additional two holes drilled to test the recently discovered, land-based... 

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

ERA narrows loss in interim period

By: Esmarie Swanepoel     2nd August 2017 Uranium miner Energy Resources of Australia (ERA) has narrowed its loss during the half-year ended June, compared with the previous corresponding period. The ASX-listed miner on Wednesday reported a loss of A$0.5-million for the interim period, compared with a loss of A$196.5-million in the... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017
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
Free daily email newsletter Register Now
Close