http://www.miningweekly.com
R/€ = 16.46 Change: 0.07
R/$ = 14.36 Change: 0.08
Au 1228.01 $/oz Change: 5.69
Pt 831.50 $/oz Change: -2.11
 

Uranium News

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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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 Iannucci     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.

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Vimy buys Cameco project in ‘top-three’ uranium province

By: Mariaan Webb     1st March 2018 ASX-listed Vimy Resources on Thursday announced that it would buy the Alligator River project on Aboriginal land, in the Northern Territory, from Canadian major Cameco for A$6.5-million. The acquisition would result in Vimy holding the largest granted tenement package in the Alligator River... 

Energy Fuels wins approval to expand uranium, vanadium mines in Utah

By: Reuters     28th February 2018 Uranium miner Energy Fuels said on Tuesday it has won federal approvals to expand operations at two mines in southeastern Utah, after years of challenges from conservation groups worried about radon gas emissions. The Bureau of Land Management and the US Forest Service last week approved the... 

Paladin posts loss as sales revenue falls as output costs rise

By: Mariaan Webb     28th February 2018 Uranium producer Paladin Energy posted a net loss for the six months ended December 2017, as sales revenue fell on higher production costs and lower uranium prices. The company, which has been processing stockpiles since physical mining ceased at its Langer Heinrich mine, in Namibia, produced... 

Fission exploration continues to grow PLS mineralisation

By: Henry Lazenby     27th February 2018 On the heels of announcing a 30% resource expansion at its flagship Patterson Lake South (PLS) project, in North-Western Saskatcewan, Fission Uranium is again making waves after the first four drill holes of the winter drill campaign hit wide mineralisation. The Kelowna, British Columbia-based... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

More Gupta-owned companies apply for business rescue 

By: News24Wire      23rd February 2018 More Gupta-linked companies have filed for business rescue, company documents show. This comes shortly after the family's Optimum mines filed for business rescue earlier this month. This leaves their creditors holding a particularly busy bag of cats. 

More Gupta-owned companies apply for business rescue
Atul Gupta

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Namibia mining sector is investor friendly

By: Victor Moolman     23rd February 2018 The Namibian mining sector has become more investor friendly than South Africa, as the country has clear policies that have been consistently applied, explains Sandton-based law firm Webber Wentzel partner Jonathan Veeran. Namibia has four policies governing mining and mineral prospecting: the... 

Namibia mining sector  is investor friendly
Photo by Duane Daws
NEW IN NAMIBIA Namibia has attracted investment in new mining ventures, including new uranium mines

Latest News

more

Latest Videos

more

Projects

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close