R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94

Uranium News

US confirms list of 35 key minerals, targets domestic supply boost

By: Reuters     21st May 2018 Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to its economic and national security and wants to produce more of domestically. The Department of Commerce will use the list, which was published by the Interior... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Berkeley appoints COO

By: Creamer Media Reporter      14th May 2018 Uranium-focused Berkeley Energia has appointed corporate executive Sean Wade as COO to identify and lead strategic business development opportunities. Prior to joining Berkeley, Wade was director of international media and investor relations at Georgia’s largest bank, TBC. During his time at the... 

Marenica adds to Namibia uranium portfolio

By: Esmarie Swanepoel     10th May 2018 ASX-listed uranium company Marenica Energy has struck a deal with fellow listed Metals Australia to acquire the Mile 72 uranium project, in Namibia. Under the terms of the agreement, Marenica will pay A$30 000 in cash and a preferential dividend of 1% of gross production from the project.  

400% price hike prompts Energy Fuels to restart vanadium recovery at White Mesa

By: Henry Lazenby     9th May 2018 A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill, in Utah, this year. The lithium-ion battery-making ingredient has reached new ten-year highs of more... 

Sustainable solutions possible for AMD treatment

By: Erin Steenhoff-Snethlage     4th May 2018 Multidisciplinary engineering consultancy WSP Africa states that while acid mine drainage (AMD) decant in the Witwatersrand gold fields and surrounds should be dealt with urgently, there is no company large enough to start a large-scale water rehabilitation programme. “The Witwatersrand gold... 

Sustainable solutions  possible for AMD treatment
Photo by Creamer Media
TACKLING ACID MINE DRAINAGE Acid mine drainage is one of the single most significant threats to South Africa’s environment and needs to be urgently addressed

NexGen gains on two new discoveries, exploration progress

By: Henry Lazenby     3rd May 2018 Vancouver-based uranium explorer NexGen Energy has reported the scintillometer results for 54 winter drill holes comprising 30 208 m from its flagship Rook I project, in Northern Saskatchewan’s Athabasca Basin, reporting positive results on targets tested and outlining two new discoveries.... 

Berkeley Energia to list on LSE, Spanish stock exchanges

By: Marleny Arnoldi     2nd May 2018 Uranium developer Berkeley Energia (currently Aim-listed) on Wednesday announced its intention to apply for admission of its ordinary shares to the main board of the LSE and to the Spanish Stock Exchanges (SSEs) of Madrid, Barcelona, Bilbao and Valencia.  

Berkeley Energia to list on LSE, Spanish stock exchanges

GoviEx completes required payment to Toshiba

By: Simone Liedtke     2nd May 2018 TSX-listed GoviEx Uranium has completed the required payment to Toshiba Corporation under the terms of a previously announced termination agreement. The agreement sets out the terms and conditions under which GoviEx and Toshiba have agreed to settle the Tranche B Bond, dated April 18, 2012, as... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Berkeley Energia targets further cost reductions at the Salamanca mine

By: Simone Liedtke     30th April 2018 Clean energy-focused Berkeley Energia has completed the financing for its Salamanca uranium project, in Spain, and is in the process of undertaking detailed final reviews to ensure the company has the most optimal capital and operating costs. A final selection of contractors is also being finalised. 

Cameco swings into the black as it focuses on what it can control – Gitzel

By: Henry Lazenby     28th April 2018 Canadian uranium major Cameco is settling into a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to... 

Cameco swings into the black as it focuses on what it can control – Gitzel

Peninsula suspends spending on Karoo projects

By: Esmarie Swanepoel     27th April 2018 Uranium miner Peninsula Energy will suspend further development of its Karoo projects, in South Africa. Peninsula in October last year announced plans to divest of its 74% interest in the Karoo projects, which consists of 40 prospecting rights over 7 800 km2, hosting Joint Ore Reserves... 

Paladin moves to mothball Namibia uranium mine

By: Esmarie Swanepoel     26th April 2018 Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation on care-and-maintenance. Paladin previously told shareholders that the medium-grade... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Namibia may scrap black ownership requirements for mining companies – minister

By: Reuters     25th April 2018 Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday. Regional peers such as Angola and Zimbabwe are also trying to... 

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Alligator takes full ownership of Beatrice project

By: Esmarie Swanepoel     20th April 2018 Uranium explorer Alligator Energy has struck a deal with Cameco Australia to acquire its remaining 41.65% interest in the Beatrice project, in the Northern Territory, consolidating its own interest in the project. The purchase consideration has been structured with a nominal up-front cost, and... 

Denison outlines more high-grade mineralisation at Gryphon

By: Henry Lazenby     19th April 2018 Uranium explorer and development company Denison Mines has discovered more high-grade uranium ore 600 m and 1 km to the northeast of the Gryphon uranium deposit, on the company’s 63.3%-owned Wheeler River project, in northern Saskatchewan, the company reported on Wednesday. With the 21 153 m... 

Aura targets Sweden battery project listing in H2

By: Mariaan Webb     19th April 2018 Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year. The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but... 

Aura targets Sweden battery project listing in H2
Drilling at the Haggan deposit, in Sweden.

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Vimy to test base metal potential of Mulga Rock uranium project

By: Esmarie Swanepoel     12th April 2018 A review of the Mulga Rock uranium project, in Western Australia, has revealed a potential upside to the project through base metal by-product credits, ASX-listed Vimy Resources reported on Thursday. The company noted that while its January 2018 definitive feasibility study (DFS) confirmed the... 

ERA production declines in March quarter

By: Esmarie Swanepoel     11th April 2018 Uranium miner Energy Resources of Australia (ERA) has reported a 28% decline in production during the March quarter of 2018, compared with the previous three months. ERA reported production of 442 t of uranium oxide from its Ranger operation, in the Northern Territory, which was also 26% below... 

Bannerman eyes more cost savings at Etango

By: Esmarie Swanepoel     11th April 2018 Uranium developer Bannerman Resources has flagged "substantial" reagent/operating cost reductions at its uranium mine, in Namibia, following a membrane study. The study has also identified capital savings, the final quantum of which will be confirmed during the definitive feasibility study... 

US uranium mining industry seeks court review to overturn mining ban

6th April 2018 US mining industry trade groups have asked the US Supreme Court to review the executive department of the Interior Department’s 20-year ban on new uranium mining claims on one million acres of public land adjacent to the Grand Canyon. The Interior Department is responsible for the management and... 

US uranium mining industry seeks court review to overturn mining ban
Photo by Bloomberg
GRAND CANYON CLAIMS Mining industry trade groups want a ban on new uranium mining claims on land adjacent to the Grand Canyon, reviewed

MoU for development of uranium mining technologies signed

6th April 2018 Canadian uranium mining company Uranium One, Argentina Ministry of Science, Technology and Productive Innovation, and private uranium exploration company UrAmerica Argentina S.A. have signed a memorandum of understanding (MoU) for the development of state-of-the-art uranium mining technologies in... 

MoU for development of uranium mining technologies signed
SIGNING CEREMONY The memorandum confirms the interest of Argentina in the development of the most efficient technology applied to uranium production – in-situ recovery

South Africa must be proactive in uranium beneficiation pursuit

By: Jessica Oosthuizen     6th April 2018 South Africa needs to decide whether it wants to be a dominant player in the world in terms of uranium exports, says South African Nuclear Energy Corporation (Necsa) scientist and chairperson Dr Kelvin Kemm. He tells Mining Weekly that if the country decides to pursue dominance in the industry,... 

South Africa must be proactive in uranium beneficiation pursuit
KELVIN KEMM There is a whole associated business around uranium mining

Large uranium deficits expected

By: Jessica Oosthuizen     6th April 2018 The outlook for future uranium demand remains positive amid prevailing low prices, as significant deficits and “substantially higher prices” are expected over the next decade when future supply will be hampered by current under-investment, says uranium development company Bannerman Resources CEO... 

Large uranium deficits expected
Photo by Bloomberg
URANIUM SUPPLY Supply cuts will cause a deficit in the uranium sector this year

Membrane separation could save costs at GoviEx Madaouela project – Synexus

By: Marleny Arnoldi     5th April 2018 Incorporating membrane separation in the process plant design of the Madaouela uranium project, in Niger, could potentially result in operating and capital cost savings, project developer GoviEx Uranium said on Thursday, citing the results of a study performed by process engineering services... 

Orano lifts Midwest project resources

By: Henry Lazenby     28th March 2018 Uranium producer Orano Canada (formerly Areva Canada Resources) has reported a 287% increase in the compliant inferred resource at its Midwest project, located in the eastern Athabasca basin, northern Saskatchewan, while the indicated resource grew by 4.2%. The Midwest project is now estimated to... 

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Fission's latest drill results mark steady high-grade march westward as PLS expands

By: Henry Lazenby     14th March 2018 The final four drill holes of Fission Uranium's winter exploration campaign on the R1515W zone, at its Patterson Lake South (PLS) property, in Canada's Athabasca Basin region, have all returned mineralised intercepts, with three holes encountering high-grade radioactivity. At shallow depth,... 

Fission's latest drill results mark steady high-grade march westward as PLS expands

Energy Fuels narrows FY loss

By: Creamer Media Reporter      11th March 2018 Amid continued uranium market weakness, Energy Fuels in 2017 became the largest uranium producer in the US, which president and CEO Mark Chalmers says is the culmination of a multiyear strategy for the company. The company narrowed its net loss for the year ended December 31, to $27.77-million,... 

US miners seek reversal of uranium mining ban near Grand Canyon

By: Reuters     10th March 2018 The US mining industry asked the US Supreme Court on Friday to overturn an Obama-era rule that prohibits the mining of uranium on public lands adjacent to the Grand Canyon National Park. The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed... 

US miners seek reversal of uranium mining ban near Grand Canyon
Photo by Bloomberg
The Grand Canyon National Park

Saudi Arabia enlists lobbyists in quest to build nuclear plants

By: Bloomberg     9th March 2018 Saudi Arabia is enlisting blue-chip lobbyists in Washington as it prepares for a fight over its ambition to build nuclear power plants. Three law firms have filed disclosures saying they are advising the kingdom on the issue, as American and Saudi leaders negotiate the contours of a possible... 

Lawmakers urge mines ministry to be vigilant on Gupta-owned mines

By: Reuters     8th March 2018 The Portfolio Committee on Mineral Resources on Thursday called on the Department of Mineral Resources (DMR) to be vigilant of the mines owned by Tegeta Exploration and Resources in order to prevent a situation that occurred at Aurora Empowerment Systems seven years ago. At Aurora, directors... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

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