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Uranium News

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... 

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
Photo by Duane Daws
Herbert Smith Freehills' Ben Winks

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... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Energy Fuels adds third US production centre to portfolio

By: Henry Lazenby     18th June 2016 Integrated US-based uranium mining company Energy Fuels has added a third fully licensed in situ recovery uranium production facility to its portfolio. The TSX- and NYSE MKT-listed company on Friday announced that it had successfully closed the acquisition of Mesteña Uranium, whose primary asset... 

Gupta-owned company shares dive 91% as websites downed by hackers 

By: News24Wire      15th June 2016 Gupta-owned Oakbay Resources and Energy’s share price plummeted by over 90% on the JSE on Wednesday, the same day that hackers attacked the company’s websites and shut them down. The JSE-listed company was trading R20.86 lower at R2.14, with only 30 shares trading. The company, with a market cap... 

Gupta-owned company shares dive 91% as websites downed by hackers

French State to hold two thirds of new nuclear fuel group Areva

By: Reuters     15th June 2016 The French State plans to keep two thirds of the capital of a new nuclear fuel company that will be split off from nuclear group Areva and will invite strategic investors to buy a one third stake, Areva said on Wednesday. As part of a restructuring under which 87% State-owned Areva will sell its... 

French State to hold two thirds of new nuclear fuel group Areva

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

By: Henry Lazenby     13th June 2016 Canadian Securities Exchange-listed project developer GoviEx Uranium and TSX-listed Denison Mines have completed a C$5-million all-scrip transaction to merge their respective African assets to create the largest undeveloped uranium resource base in the world. "The closing of this transaction with... 

GoviEx embraces ‘new beginning’ as C$5m Denison African asset merger closes

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Photo by Creamer Media
CSIR mining manager Navin Singh

South African pumps enter Israeli market

By: Sascha Solomons     10th June 2016 Centurion-based slurry pumping solutions provider Hazleton Pumps has entered another market, supplying an Israeli company with its locally manufactured Hippo pumps range, which is designed to meet the needs of projects worldwide. Hazleton Pumps CEO Thys Wehmeyer highlights that the family-owned... 

South African pumps enter Israeli market
ROSSING URANIUM MINE The Hippo duplex stainless steel vertical slurry submersible pump used at the Rössing uranium mine, in Namibia

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Photo by Creamer Media
Mining Phakisa strategist Edwin Ritchken

Legislation passed to regulate Greenland uranium exports

By: Samantha Herbst     8th June 2016 The Greenland and Danish parliaments have both passed legislation that will regulate uranium exports from Greenland to ensure that uranium mining and exports are conducted in accordance with Denmark’s international non-proliferation commitments. Through this legislation, Denmark assumed... 

Namibian uranium miner offers to sell water desalination plant to govt for $200m

By: African News Agency      7th June 2016 Namibian uranium miner Areva Resources Namibia has offered to sell its private 26-million cubic metres water plant to the Namibian government for $200-million (N$3.1-billion) to mitigate a nationwide water crisis that has hit cities and the mining industry hard. Areva Resources Namibian MD Hilifa... 

ANC in apparent Mining Charter reversal

By: Martin Creamer     3rd June 2016 The African National Congress (ANC) appears to have reversed its stance on the Mining Charter being enforceable under the Mineral and Petroleum Resources Development Act (MPRDA) of 2002, which is a major point of contention between the mining industry and government, as it confers legislative... 

ANC in apparent Mining Charter reversal
Photo by Duane Daws
Herbert Smith Freehills Africa partner Peter Leon

French nuclear envoy expects ‘spring’ release of South Africa’s much-debated RFP

By: Terence Creamer     1st June 2016 The French remain optimistic that South Africa’s nuclear request for proposals (RFP), which was initially expected for release before the end of March, will be issued before the end of the year, probably during South Africa’s “spring”, or France’s “fall”. Special envoy of the French President for... 

French nuclear envoy expects ‘spring’ release of South Africa’s much-debated RFP
Photo by Duane Daws
Special nuclear envoy of the French President Dr Pascal Colombani

Cameco to meet Cigar Lake production target, expects full production in 2017

By: Samantha Herbst     1st June 2016 TSX- and NYSE-listed uranium producer Cameco’s Cigar Lake project, in the uranium-rich Athabasca basin, is likely to meet its 2016 production outlook of 16-million packaged pounds of uranium concentrate (U3O8) – 8-million of which below to Cameco – following approval from the Canadian Nuclear... 

Integrator has tools for long-term mining company success 

By: Martin Creamer     31st May 2016 With several major, junior and small minerals and mining services companies debt stressed, folding or in business rescue, former investment researcher Stephen Roper has come up with a longevity and success formula – with diamond consultant Dr John Bristow offering input. Accountant Roper and... 

Integrator has tools for long-term mining company success
Photo by Duane Daws
Integrated Thinking Laboratory CEO Stephen Roper (right) with Martin Creamer

Nuclear needed to meet climate change targets – expert

By: Reuters     31st May 2016 Nuclear power is needed to meet the climate change targets set at the recent COP 21 climate summit in Paris, Jacques Regaldo, chairperson of the World Association of Nuclear Operators said at the opening of the AtomExpo in Moscow on Monday. Referring to the 20 th anniversary of the Chernobyl... 

Nuclear needed to meet climate change targets – expert

Mining ‘most transparent’ – Corruption Watch 

By: Martin Creamer     30th May 2016 The Chamber of Mines of South Africa on Monday welcomed the Corruption Watch report on transparency in corporate reporting, which found that South Africa’s most transparent companies came from the mining sector. Gold Fields, BHP Billiton and Anglo American Platinum come out tops in the report,... 

Mining ‘most transparent’ – Corruption Watch
Chamber CEO Roger Baxter

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-on-month in April as energy gains more than offset metals weakness. 

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

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... 

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

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

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... 

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