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ERA H1 loss widens

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) has reported a net loss of $255.3-million for the six months ended June 30, owing to a $197-million impairment charge. ERA had previously warned shareholders of the massive write-off, following the deferral of the Ranger 3 Deeps underground... 

Cameco net earnings slide 31%

By: Henry Lazenby Canada’s top uranium producer Cameco on Thursday reported a 31% slide in net earnings as higher costs and a C$28-million settlement charge weighed-down its bottom line. Net earnings attributed to equity holders for the quarter ended June 30 were C$88-million, or C$0.22 a diluted share, compared... 

Paladin plans $33m cost cuts for 2016 FY

By: Esmarie Swanepoel Uranium miner Paladin Energy plans to save some $33-million in capital costs during the 2016 financial year, as the company awaits a turnaround in the uranium price. The Africa-focused miner gave a revised forecast for the C1 cash costs at its Langer Heinrich mine, in Namibia, which were... 

With metals slumping, investors seek miners that can weather storm

By: Reuters A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70% of iron-ore consumption and vies with India to be... 

ERA warns of impairment on Ranger 3 Deeps delay

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) on Wednesday warned shareholders of a A$190-million to A$200-million impairment charge following the deferral of the Ranger 3 Deeps underground project. In June, ERA reported that a feasibility study on the Ranger 3 Deeps underground mine, in the... 

Uranium Producers of America elects UEC adviser new president

By: Henry Lazenby Uranium Energy Corp (UEC) senior advisor Harry Anthony has been elected president of Uranium Producers of America (UPA), the national organisation announced on Tuesday. The group, founded in 1985, worked to promote a sustainable and strong domestic uranium mining and conversion industry by... 

Quebec uranium mining not realistic for several years – BAPE 

By: Henry Lazenby Uranium mining in Quebec is not feasible for several years still, owing to the exceedingly negative perception mining of the radio active element has among the province’s inhabitants, as a result of “numerous unanswered” questions regarding human health and ecosystem integrity, a committee tasked... 

Quebec uranium mining not realistic for several years – BAPE

India rejects new uranium mining projects

By: Ajoy K Das India has taken the decision not to pursue any new uranium projects in at least three of its provinces in consideration of the local populace who are against uranium mining, as well as the limited availability of financial allocations from the federal government. Senior government officials... 

Argentinian elections heat up as resource sectors offer country platform for recovery

By: Simon Rees It is likely that the new administration of Argentina, which heads to the polls later this year, will be more business friendly and market orientated, with mining and other natural resource sectors playing an increasingly significant role. “The money will start to flow in again once Argentina... 

Argentinian elections heat up as resource sectors offer country platform for recovery

Paladin achieves record Q4

By: Esmarie Swanepoel Uranium miner Paladin Energy has reported its best quarter yet for the 2015 financial year, with the miner on Thursday announcing a 340% quarter-on-quarter increase to $73.3-million in sales revenue for the three months to June 30. The Langer Heinrich mine, in Namibia, produced 1.33-million... 

MCA calls for policy amendments to boost investment in uranium sector

By: Esmarie Swanepoel The Minerals Council of Australia (MCA) has called on the federal government to amend policies around uranium mining to attract greater investment in the sector. Speaking at a uranium conference in Perth, MCA executive director for uranium Daniel Zavattiero said amendments were required to the... 

Uranium Energy collects two disposal well permits for Burke Hollow

By: Henry Lazenby US uranium producer and project developer Uranium Energy Corp (UEC) on Wednesday announced that the Texas Commission on Environmental Quality had issued two final Class I disposal well permits for the Burke Hollow in situ recovery (ISR) project, in South Texas. The NYSE MKT-listed company... 

Marmion sees positive future for WA uranium sector

By: Esmarie Swanepoel The Western Australian uranium sector would capitalise on Energy Resources of Australia’s (ERA’s) decision not to proceed with its Ranger 3 Deeps underground project, in the Northern Territory, says Mines and Petroleum Minister Bill Marmion. ERA in June announced that it would not proceed with... 

Marmion sees positive future for WA uranium sector

Peninsula buys US uranium mine

By: Esmarie Swanepoel US-focused Peninsula Energy would acquire the Hauber uranium project, some 15 miles from its Lance project, in Wyoming, for $20 000. The ASX-listed company said on Wednesday that the Hauber project comprised 44 mineral claims covering some 1 760 acres. Data for some 5 000 drill holes from the... 

ERA output falls 20%, Ranger 3 Deeps mineral resource updated

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) has reported a 20% quarter-on-quarter production decline during the three months to June, owing to a planned mill shutdown. The company produced 390 t of uranium oxide (U3O8) during the quarter under review, compared with 489 t U3O8 in the... 

ERA output falls 20%, Ranger 3 Deeps mineral resource updated

Cameco reports no direct impact amid Saskatchewan wildfires

By: Henry Lazenby None of Cameco's uranium operations in the Athabasca basin have, so far, been directly impacted by forest fires raging out of control across vast swathes of the Saskatchewan prairies, Canada’s largest uranium producer reported on Thursday. However, TSX- and NYSE-listed Cameco noted that despite... 

Denison to buy uranium explorer Fission for about C$483m 

By: Henry Lazenby Canadian uranium exploration and development company Denison Mines has agreed to buy rival Fission Uranium for about C$483-million, creating a new diversified Canadian uranium company with a portfolio of projects in the prolific Northern Saskatchewan mining region. Denison advised on Monday that,... 

Denison to buy uranium explorer Fission for about C$483m
Photo by Fission Uranium
Exploration at Fission Uranium's Patterson Lake South Project, in Northern Saskatchewan.

Rejected mine water plan deprived 7 000 of jobs – Robinson 

By: Martin Creamer The rejection of a still-workable mine water and slimes dam plan at the stricken Grootvlei gold mine on Gauteng’s East Rand deprived 7 000 squatter camp dwellers of employment and set the mine on its downward trajectory, which has arguably ended up as the harshest aspect of the Aurora liquidation... 

Rejected mine water plan deprived 7 000 of jobs – Robinson
Photo by Daune Daws
Dr RE (Robbie) Robinson (right) and Martin Creamer

Alliance mulls A$71m Quasar offer for Four Mile stake

By: Esmarie Swanepoel The share price of ASX-listed Alliance Resources surged on Thursday after the company revealed that its joint venture partner had made another play for full ownership of the Four Mile uranium mine, in South Australia. Alliance on Thursday told shareholders that Quasar Resources had offered... 

GoviEx files mining permit for Madaouela uranium project in Niger

By: Tracy Hancock GoviEx Uranium has filed its mining permit application with the government of Niger for its Madaouela uranium project in the prolific Arlit uranium-mining district of northern Niger. "Filing the mining permit application is a key step in the mine development process," said GoviEx CEO Daniel Major... 

GoviEx files mining permit for Madaouela uranium project in Niger

Toro chairperson takes leave of absence

By: Creamer Media Reporter Uranium company Toro Energy said on Tuesday it had granted its chairperson, Fiona Harris, leave of absence for three months for personal reasons. John Cahill, the Toro audit committee chairperson, would act as chairperson of the board during Harris’s absence, the ASX-listed company reported. 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Alliance publishes Four Mile Northeast uranium resource estimate

By: Creamer Media Reporter The Four Mile Northeast uranium prospect, in South Australia, has an estimated inferred mineral resource of 7.5-million tonnes, averaging 0.30% uranium oxide (U3O8), containing 50-million pounds of U3O8, Alliance Resources reported on Friday. The remaining exploration potential at the prospect,... 

Anatolia and Uranium Resources advance planned merger

By: Creamer Media Reporter Australia’s Anatolia Resources, which is merging with US-based Uranium Resources to fast-track to production, reported on Tuesday that the two companies had executed a binding loan agreement. Uranium Resources would provide a secured loan of up to A$2-million to Anatolia to allow the company to... 

Paladin gets federal nod to gain majority ownership of Canada project

By: Henry Lazenby The Canadian federal government has approved Australia-based Paladin Energy's application to gain majority ownership of a proposed uranium mine in Newfoundland and Labrador. Natural Resources Minister Greg Rickford on Monday said the Conservative government would welcome the foreign investment... 

Paladin gets federal nod to gain majority ownership of Canada project

Three ERA directors quit over shelved Northern Territory uranium project

By: Mariaan Webb Three directors of Energy Resources of Australia (ERA), including chairperson Peter McMahon, have resigned from the ASX-listed company’s board, over differing views on the future of the Ranger 3 Deeps project, in the Northern Territory. In tendering their resignations, McMahon and the two other... 

Cameco's Steane elected new Mining Association of Canada chair

By: Henry Lazenby The Mining Association of Canada (MAC) has elected Cameco’s senior VP and COO of global uranium supply, Robert (Bob) Steane, its new chairperson for a two-year term. The association announced on Thursday that, effective immediately, Steane would replace Shell Canada VP of oil sands operations Zoë... 

Perth-based university discovers new uranium extraction method

New research by the Murdoch University, in Perth, Western Australia, has discovered a technique to extract uranium from brannerite, which could result in an additional 1 000 t, or A$108-million, in yearly uranium exports for Australia. The research formed part of an ongoing project at Murdoch’s... 

Unionised Cameco employees accept new collective agreement

By: Henry Lazenby About 100 unionised employees at Cameco Fuel Manufacturing’s operations, in Port Hope and Cobourg, Ontario, had voted to accept a new collective agreement, Canadian uranium major Cameco reported on Friday. The employees, represented by the United Steelworkers local 14193, had agreed to a... 

ERA abandons Northern Territory underground uranium project

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (ERA) on Friday announced that it had abandoned its planned Ranger 3 Deeps underground project, in the Northern Territory, citing economic challenges and uncertain market conditions. The board was of the view that the uranium market had not improved as... 

ERA abandons Northern Territory underground uranium project

Toro Energy enters into deal with Sentient to refinance debt

By: Esmarie Swanepoel Uranium developer Toro Energy has inked a transaction with major shareholder The Sentient Group which would halve its current A$12-million debt, and convert the remaining debt into a secured interest free loan owed to Sentient. Toro would repay the full A$12-million owed to Macquarie Bank with... 

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