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Uranium News

Eclipse brings Rio Tinto on board to explore NT uranium tenements

By: Megan van Wyngaardt     22nd August 2016 Australian exploration company Eclipse Metals and its wholly-owned subsidiary, North Minerals, has entered a joint venture (JV) agreement with mining giant Rio Tinto subsidiary Rio Tinto Exploration to acquire an interest in one of the company’s Northern Territory Liverpool uranium project... 

Fission’s PLS discovery grows as it connects westernmost deposits

By: Henry Lazenby     19th August 2016 Uranium explorer Fission Uranium has connected the westernmost deposits of the Patterson Lake South (PLS) project, host to the Triple R deposit in Northern Saskatchewan. The explorer on Thursday announced the results from the summer drilling programme for the final eight drill holes on the R840W... 

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies

Horomela seeks to expand its asset base, attracting investors

By: Ilan Solomons     19th August 2016 Local base metals exploration and mining aspirant Horomela last month received permission from the Department of Mineral Resources (DMR) to assess the viability of exploring a further 600 000 ha of tenements adjacent to an existing 200 000 ha of prospecting land, in the Namaqualand region of the... 

Horomela seeks to expand its asset base, attracting investors
Photo by Duane Daws
ABONGILE MDINGI The Department of Mineral Resources has given Horomela the go-ahead to survey its new tenements for copper, lead, silver, tungsten, zinc and uranium

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Forsys lifts private placement to $660 000, on track for 76% cost reduction by 2017

By: Henry Lazenby     18th August 2016 Uranium project developer Forsys Metals has increased the amount of a private placement announced on Monday by a further $120 000 to $660 000, after it received additional interest from existing and new subscribers. The placement price has also been revised upwards by a cent to $0.06 a unit. Each... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign

By: Henry Lazenby     16th August 2016 New lithium explorer Advantage Lithium (formerly known as North South Petroleum) is preparing to launch a drilling campaign within three to four weeks on highly prospective targets in Nevada, located a stone's throw away from North America’s only producing lithium mine. This, together with an... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign
Photo by Advantage Lithium
Advantage Lithium's portfolio includes the Clayton NE project that borders Albemarle’s Silver Peak property – the only lithium brine mine in North America

Vimy gets EPA approval for Mulga Rock uranium mine

By: Megan van Wyngaardt     15th August 2016 Perth-based resource development company Vimy Resources on Monday announced that Western Australia’s Environmental Protection Authority (EPA) had given its approval for its Mulga Rock project, in the state’s Eastern Goldfields. The EPA assessed Vimy’s proposal and prepared an assessment report,... 

Australia's Aura Energy to float shares in London by end September

By: Reuters     15th August 2016 Australian uranium miner Aura Energy plans to list shares on the AIM market of the LSE by the end of September and aims to raise £2.85-million ($3.7-million), it said on Monday. The company is already listed on the ASX with a market capitalisation of $510.50-million at the close on Friday and... 

Australia's Aura Energy to float shares in London by end September

India expects first uranium shipment from Australia by March

By: Bloomberg     10th August 2016 India is in talks to get its first shipment of uranium from Australia by March, highlighting the south Asian nation’s push to secure supplies of a key component of its clean-energy strategy. India is seeking to buy as much as 1 500 t of the atomic fuel over five years and expects its first... 

DRA investment partner funds PFS of Peninsula’s Karoo projects

By: Samantha Herbst     4th August 2016 ASX-listed uranium miner Peninsula Energy will issue about 977 000 fully paid shares to project management company DRA Global’s independent investment partner, Concentrate Capital Partners (CCP), at A$0.80 a share, following a recently signed subscription agreement. DRA Projects is completing the... 

Honeymoon uranium study progresses to the next stage

By: Megan van Wyngaardt     4th August 2016 An option study, focused on selecting the most appropriate technology to optimise, reduce costs for the planned expansion and reduce start-up issues for the processing plant at Boss Resources’ Honeymoon operation, in South Australia, has brought the company one step closer to a prefeasibility... 

Cameco’s Yeelirrie project faces environmental hurdle

By: Megan van Wyngaardt     4th August 2016 The Western Australia (WA) Environmental Protection Agency (EPA) has determined that Cameco’s Yeelirrie uranium project does not meet one of nine key environmental factors examined. Cameco is proposing to mine up to 7 500 t/y of uranium oxide concentrate from the Yeelirrie deposit, which is... 

Cameco’s Yeelirrie project faces environmental hurdle
Yeelirrie is one of Australia's largest undeveloped uranium deposits.

Cameco posts surprise loss on weak uranium prices, shares dive

By: Reuters     29th July 2016 Cameco Corp , the world's No.2 uranium producer, reported a surprise quarterly loss due to weak uranium demand and prices, sending its shares down 7% to touching a nearly 12-year low of C$12.87. The Canadian company said uranium sales volumes fell 37% to 4.6-million pounds in the second quarter,... 

Cameco posts surprise loss on weak uranium prices, shares dive

Fission outlines two-prong strategy as summer exploration campaign is mounted

By: Simon Rees     28th July 2016 Flying into Fort McMurray, Alberta, evidence of the gargantuan forest fire the region suffered in May stretched for miles around: blackened trees, burnt branches and buildings turned to ash. The blaze occurred during a tough time for the region: low oil prices had led to reduced work in the... 

Fission outlines two-prong strategy as summer exploration campaign is mounted
Photo by Simon Rees
Patterson Lake South, north-west Saskatchewan

Uranium is the dirty underbelly of nuclear – scientist

By: News24Wire      21st July 2016 Antinuclear sentiment tends to focus on nuclear waste or operational risks, but more focus should be on the “dirty underbelly” of uranium mining, according to a science adviser. “Whenever people get excited about nuclear power stations, they kind of forget where the actual uranium comes from,” Dr... 

Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

By: Creamer Media Reporter      21st July 2016 Dual-listed Paladin Energy will sell a 24% stake in the Langer Heinrich uranium mine, in Namibia, and up to 75% of its Manyingee project, in Australia, for a combined $205-million. Paladin, which owns 75% of the Langer Heinrich mine, has signed a nonbinding term sheet to sell a 24% stake in the... 

Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Paladin hits cash-flow positive FY 2016 despite marred market

By: Henry Lazenby     18th July 2016 TSX- and ASX-listed uranium producer Paladin Energy has achieved its full-year fiscal 2016 objective of being cash-flow positive on an 'all in' basis, excluding one-off restructuring costs and capital management, it said Monday. The Perth, Western Australia-based company reported fourth-quarter... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Peninsula accelerates ramp-up at US uranium projects

By: Mariaan Webb     12th July 2016 Australia-based Peninsula Energy said on Tuesday that it was accelerating the rate of production at its Lance projects, in Wyoming, in the US, and that it expected to reach its first-stage production target of 600 000 lb/y to 700 000 lb/y in the first half of next year. “The last five weeks have... 

Energy Resources of Australia output up 25%

By: Mariaan Webb     12th July 2016 Uranium miner Energy Resources of Australia (ERA), which owns the Ranger mine in the Northern Territory, increased its uranium oxide production by 25% year-on-year to 489 t (1.08-million pounds) in the June quarter. The Rio Tinto company’s second-quarter production, however, was 18% less than the... 

Energy Resources of Australia output up 25%
The Ranger mine's processing facilities.

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

African mining has potential to grow stronger

By: Victor Moolman     8th July 2016 Africa is the most mineral-rich continent in the world and has the potential to become a mining mecca, says global consulting firm KPMG. 

African mining has potential to grow stronger
Photo by Bloomberg
CONDITIONAL SUCCESS Mining has a future in Africa if issues such as security, corruption and supply chains can be well managed and resolved

Botswana’s uranium, coal reserves could breathe new life into mining sector

By: Nadine James     8th July 2016 Africa’s impending infrastructure boom, in conjunction with the persistent need for reliable power supply, indicates that Botswana’s coal and uranium reserves could provide new opportunities in terms of exploration, beneficiation and mineral exports, according to the Botswana Chamber of Mines... 

Botswana’s uranium, coal reserves could breathe new life into mining sector
CHARLES SIWAWA The Khoemacau copper project and the Letlhakane uranium project are the most significant projects under way in Botswana

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Toro takes another step in Wiluna development

By: Mariaan Webb     7th July 2016 Uranium company Toro Energy has taken another step in the development of the Wiluna uranium project with the signing on Thursday of an agreement with the Wiluna People providing the consent of native title holders. Toro MD Dr Vanessa Guthrie expressed the company’s appreciation for the... 

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     27th June 2016 The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills
Herbert Smith Freehills associate Ben Winks outlines to Mining Weekly Online’s Martin Creamer minerals sector sticking points. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva

Kopanang mine, South Africa

By: Sheila Barradas     24th June 2016 A gold mine, located in South Africa’s Free State province, about 170 km south-west of Johannesburg. 

Kopanang mine, South Africa

Vimy hikes Mulga Rock resource

By: Mariaan Webb     23rd June 2016 ASX-listed Vimy Resources on Thursday announced a “significant” resource upgrade for its Mulga Rock uranium project, in Western Australia. The Mulga Rock East deposit comprised the Princess and Ambassador resources, which would form the first stage of the potential mine development for the project. 

Balancing exploration and project development key for Fission at PLS

By: Henry Lazenby     22nd June 2016 Exploration superstar Fission Uranium is gearing up for a C$13.3-million summer campaign at its flagship Patterson Lake South (PLS) project in the relatively underexplored Western Athabasca basin, in northern Saskatchewan, and is looking to balance its exploration activities with the objective of... 

Balancing exploration and project development key for Fission at PLS
Photo by Fission Uranium
Patterson Lake South, Saskatchewan

Cameco, Areva and First Nations ink new collaboration accord

By: Henry Lazenby     22nd June 2016 Canada’s largest uranium operators Cameco and Areva Resources Canada, and local communities traditionally associated with the Cigar Lake, McClean Lake and Rabbit Lake uranium mining operations, have inked a new collaboration agreement that builds on the existing impact management accord signed in... 

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