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Uranium News

Berkeley to reduce costs citing uncertainty over key licence

By: Mariaan Webb     15th October 2018 Despite reporting “strong and growing support” for the Salamanca uranium project in Spain, Australian mining firm Berkeley Energia on Monday reported that it was unlikely to imminently receive a key permit that would allow for construction to start. As a result, the triple-listed uranium project... 

Kazatomprom may sell 25% stake in London/Astana float

By: Reuters     15th October 2018 Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil... 

Kazatomprom may sell 25% stake in London/Astana float

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

ERA reports 36% increase in production

By: Esmarie Iannucci     10th October 2018 Uranium miner Energy Resources of Australia (ERA) has reported a 36% increase in production during the three months to September, with production reaching 544 t of uranium oxide, up from the 400 t produced in the June quarter. ERA said on Wednesday that the increased production resulted from... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

MCA calls for legislation review to end ‘uranium discrimination’

By: Esmarie Iannucci     8th October 2018 The Minerals Council of Australia (MCA) has called for a reform of the Environment Protection and Biodiversity Conservation (EPBC) Act, to allow Australia to benefit from uranium mining. In a paper commissioned by the MCA, environmental assessment expert Lachlan Wilkinson recommended the Act be... 

MCA calls for legislation review to end ‘uranium discrimination’

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

Uranium import probe threatens US nuclear power industry - group

By: Reuters     27th September 2018 US nuclear power generators urged the federal government against taking action in a dispute over imported uranium, arguing tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut, according to a statement emailed on Wednesday. The US Department... 

Cameco wins Canada tax dispute

By: Mariaan Webb     27th September 2018 The Tax Court of Canada has ruled in favour of uranium miner Cameco in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years, bringing to an end one of the largest-ever cases to reach this particular court. The case dates back to 2008, when... 

Cameco wins Canada tax dispute
Cameco president and CEO Tim Gitzel

Denison selects low-cost ISR method for Wheeler River project

By: Mariaan Webb     25th September 2018 Uranium company Denison Mines has selected the low-cost in-situ recovery (ISR) mining method for the development of the high-grade Phoenix deposit at the Wheeler River project, marking the first deposit identified for ISR mining in Canada’s Athabasca basin. The company decided on ISR mining... 

Denison selects low-cost ISR method for Wheeler River project
The Wheeler River camp in Canada.

Westwater CEO expects continued uranium price rise

By: Creamer Media Reporter      21st September 2018 Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term. In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Feasibility study at Lance projects indicates a viable low-pH operation

By: Marleny Arnoldi     17th September 2018 Uranium miner Peninsula Energy has completed a feasibility study for its Lance projects, in Wyoming, US, which confirmed the economic viability of transitioning to a low-pH in-situ recovery (ISR) operation. The study had the aim of demonstrating the robustness of the planned transition from... 

Spain's nuclear watchdog requests more info on Berkeley uranium mine

By: Reuters     14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Toro tips cost savings at Wiluna

By: Esmarie Iannucci     12th September 2018 Uranium developer Toro Energy has flagged the potential for significant cost reductions at its Wiluna uranium project, in Western Australia, following leach testing results. The ASX-listed company on Wednesday said that the leach testing results far exceeded expectations with efficiencies, pulp... 

Laramide consolidates NT landholding

By: Esmarie Iannucci     5th September 2018 Dual-listed Laramide Resources has struck a deal with Verdant Minerals to acquire the full interest in the Lagoon Creek joint venture (JV) tenement, in the Northern Territory. The acquisition agreement replaces an existing farm-in and JV agreement on the project, which saw Laramide hold a 50%... 

Denison buys out Cameco in Wheeler River JV

By: Mariaan Webb     5th September 2018 Uranium explorer and developer Denison Mines has increased its interest in the Wheeler River uranium project to 90% buy buying out Cameco Corp’s minority interest in the undeveloped high-grade project in the eastern Athabasca basin. Denison will acquire Cameco’s interest in the joint venture... 

Uranium premining activity in north-east India comes to a halt

By: Ajoy K Das     31st August 2018 Efforts to get uranium mining under way in the north-eastern Indian state of Meghalaya came to a halt on Thursday with State-run Uranium Corporation Limited (UCIL) deciding to close down its offices in the region and terminate services of its contract workers. Meghalaya is the third richest in... 

Uranium set for best run since 2014 as miners buy after halts

By: Bloomberg     31st August 2018 Uranium is heading for its longest run of monthly gains since November 2014 as global supply tightens after mine closures and as producers and investors boost purchases in the spot market. Spot uranium is up 2.1% this month, set for a fourth monthly advance, and has climbed more than 30% since... 

Continuous ion exchange technology projects achieve milestones

By: Tasneem Bulbulia     31st August 2018 Minerals processing equipment supplier Multotec Process Equipment (Multotec) has secured its first two projects for the continuous ion exchange technology it offers, and is achieving notable progress in both, Multotec senior process engineer Carien Spagnuolo tells Mining Weekly. The technology is... 

Continuous ion exchange technology projects achieve milestones
PIONEER PROJECT Multotec installed and is commissioning an effluent treatment plant for the treatment of wastewater at an antimony roaster in Oman, in the Middle East

Plateau Energy Metals appoints CEO

By: Creamer Media Reporter      20th August 2018 Canadian lithium and uranium exploration company Plateau Energy Metals, which is advancing projects in the Macusani Plateau in south-eastern Peru, has a new CEO. The company announced on Monday that its board had appointed Alex Holmes, who most recently was a partner and cofounder of Oxygen... 

Western Uranium raises funds in positive macroeconomic environment

By: Nadine James     17th August 2018 US-focused uranium and vanadium mining company Western Uranium Corporation is benefiting from a positive macroenvironment and price increases for both uranium and vanadium, which have increasingly led management to focus on strategic, operational and capital raising opportunities, the company... 

Peru President expects lithium, uranium mining laws passed in 6 months

By: Reuters     12th August 2018 Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800-million mine. Plateau said last month it had found 2.5-million... 

Denison to showcase Canada uranium project with release of PFS next month

By: Mariaan Webb     10th August 2018 Canada-based Denison Mines is gearing up for the release of a prefeasibility study (PFS) focusing on largest undeveloped high-grade uranium project in the eastern Athabasca basin. Following two years of exploration and project development work, the PFS for the Wheeler River project will be... 

Paladin noteholders set to meet

By: Esmarie Iannucci     3rd August 2018 The noteholders of dual-listed Paladin Energy are expected to meet on August 21 to vote on the creation of a lien of Paladin Finance in favour of Nedbank in relation to the environmental performance bond obligations for the Kayelekera mine. The noteholders are also expected o vote on a waiver in... 

Paladin takes full control of Queensland uranium explorer

By: Esmarie Iannucci     1st August 2018 Dual-listed Paladin Energy has moved to take full control of junior uranium explorer Summit Resources, in which it already holds an 82.08% interest. Paladin on Wednesday announced an off-market takeover offer for the remaining shares in the ASX-listed Summit, offering one new Paladin share for... 

Production at world’s biggest uranium mine suspended indefinitely

By: Mariaan Webb     26th July 2018 Initially intended to be a 10-month suspension, production at McArthur River in Saskatchewan – the world’s biggest uranium mine – and the nearby Key Lake mill has been extended for an “indeterminate duration”, Canadian uranium major Cameco announced on Wednesday. President and CEO Tim Gitzel... 

Production at world’s biggest uranium mine suspended indefinitely
The McArthur Lake mine in Saskatchewan.

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

Australia’s Minerals Council unfazed by US uranium investigation

By: Esmarie Iannucci     19th July 2018 The Minerals Council of Australia (MCA) appeared unfazed over a decision by the US Department of Commerce to launch an investigation on uranium imports. A MCA spokesperson told Mining Weekly Online on Thursday that Australia had been a long-standing uranium supplier to the US. In 2017, US... 

Cameco following US uranium trade investigation ‘closely’

By: Mariaan Webb     18th July 2018 Canadian uranium major Cameco does not expect the Trump administration’s investigation into uranium imports to have an immediate impact on its shipments into the US, but the company’s president and CEO Tim Gitzel said he is following developments “very closely”. He affirmed that Cameco, which is... 

Cameco following US uranium trade investigation ‘closely’

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

Turkey's energy ministry to open 616 mine sites for exploration through tenders

By: Reuters     18th July 2018 Turkey's Energy Ministry will open 616 mine sites for exploration through tenders, according to two notices in the country's Official Gazette on Wednesday. The mine tenders were divided into five groups including substances such as radioactive minerals, precious metals, rare earth metals, coal... 

Laramide buys Rio tenements

By: Esmarie Iannucci     17th July 2018 Dual listed uranium developer Laramide Resources will spend A$450 000 to purchase the Murphy uranium tenements, in the Northern Territory, from major Rio Tinto’s exploration arm. The purchase agreement replaces an existing farm-in and joint venture agreement between the two companies. 

Plateau Energy Metals Peru unit finds large lithium resources

By: Reuters     17th July 2018 Canadian miner Plateau Energy Metals's Peru unit Macusani Yellowcake said on Monday it has found 2.5-million tonnes of high-grade lithium resources and 124-million pounds of uranium resources in its Falchani hard rock deposit in the region Puno. Ulises Solis, general manager of the unit, told a... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Berkeley flags more cost savings in Spain

By: Esmarie Iannucci     9th July 2018 Uranium developer Berkeley Energia could potentially save up to €9-million in the construction of its Salamanca mine, in Spain. The dual listed company on Monday said that a capital cost review had identified a number of opportunities to reduce the initial capital expenditure required to bring... 

Berkeley flags more cost savings in Spain

Toro raises A$3.8m

By: Esmarie Iannucci     6th July 2018 Uranium developer Toro Energy has raised A$3.8-million through a share purchase plan. The company on Friday said that it will issue more than 153.2-million shares.  

Spanish cattle farmers are worrying about nearby uranium mines

By: Bloomberg     3rd July 2018 Maria Jose Alamo, whose 120 cattle graze on land close to the only major new uranium mine being developed in the world, is worried. “I myself wouldn’t buy the meat of cattle raised close to such a mine,” said Alamo, 48, in an interview at a cafe in the hamlet of Banos de Retortillo, in Western... 

Spanish cattle farmers are worrying about nearby uranium mines

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