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Uranium News

Modular, mobile dry-type transformers ideal for Africa

By: Robyn Wilkinson     25th August 2017 As mining projects move into ever more remote locations in Africa, modular and mobile energy solutions – such as dry-type transformers – are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. 

Rental generators bridging solution for African mines

By: Robyn Wilkinson     25th August 2017 Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. 

Rental generators bridging solution for African mines
READY TO GO Aksa’s new generator rental fleet is well stocked and designed to operate in harsh conditions, providing the ideal interim power solution for mines expanding in Africa

Tax benefits for demonstrated energy savings at mines

25th August 2017 Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa’s Income Tax Act, before it is too late, as this opportunity is limited until 2020. 

Tax benefits for demonstrated energy savings at mines
FUEL FOCUS Masana offers mines high-performance products and fuel management systems for improved haul road efficiencies and reduced heavy equipment maintenance

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Incremental improvements now leading to energy efficiency
Zest WEG Group integrated sales executive Johan van Niekerk discusses the group’s energy efficiency technologies. Video and Editing: Lionel da Silva

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

Energy Fuels lifts Canyon Mine uranium resource, adds copper

By: Henry Lazenby     24th August 2017 A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner announced on Wednesday that the bulk of... 

Mkango renews Thambani licence

By: Natasha Odendaal     23rd August 2017 Aim- and TSX-V-listed Mkango Resources has been granted a further two years on its exclusive exploration licence for its Thambani project, in south-west Malawi, effective September 8, 2017. Mkango is currently evaluating strategic options for Thambani, including opportunities to form a joint... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

WorleyParsons developing black enterprises
WorleyParsons RSA CEO Denver Dreyer interviewed by Mining Weekly’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

Firms joining forces to raise $500m for mining  projects, particularly in Africa
Photo by Duane Daws
PRECISION PLANNING The way a project is structured is critical to ensuring whether or not it receives the needed finance

NexGen in a class of its own as maiden PEA catapults Arrow into the big league

By: Henry Lazenby     17th August 2017 There are about 30 aspects around the recently unveiled maiden preliminary economic assessment (PEA) on uranium exploration junior NexGen Energy’s Arrow deposit, which is part of the Rook 1 project in the south-west of Saskatchewan’s Athabasca Basin, that separates it from its development peers... 

NexGen in a class of its own as maiden PEA catapults Arrow into the big league
Photo by Bloomberg
NexGen signage in front of the NYSE in May

Gupta firms sue Bank of Baroda to try stop account closures  

By: Bloomberg     17th August 2017 Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender to try and stop the termination, which comes after South Africa’s four biggest lenders cut banking services for the family that’s in business with... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Technology set to unleash mining innovation – Anglo’s O’Neill
Anglo American technical director Tony O’Neill

Outa lays corruption charges against former Eskom board director 

By: African News Agency      15th August 2017 The Organisation Undoing Tax Abuse (Outa) has laid a criminal complaint with the police against former Eskom director, Mark Pamensky. Outa chief operating officer Ben Theron on Tuesday said the charges related to Pamensky’s conduct while at Eskom and a business ”linked to the Gupta business empire.” 

Growth aids new sales platform

By: Nica Schreuder     11th August 2017 There is cautious optimism worldwide in the future demand for valves, owing to investment in major industries, such as, besides others, mining and oil and gas, as well as related infrastructure, which has prompted growth in the valves industry this year. Industry players are hoping that this... 

Growth aids new sales platform
COMPLEXITY Despite the sophisticated nature of valves, ValveConnect emphasises that they are still commodity items accessible through an online platform

Interest returning to Africa in response to commodities resurgence

11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Interest returning to Africa in response to commodities resurgence
INTEGRAL EVENT The importance of Africa Down Under continues to be reflected in the number of high-profile attendees it welcomes to Australia’s mining capital each year

Boss raises A$3m to advance Honeymoon project

By: Esmarie Iannucci     9th August 2017 Uranium hopeful Boss Resources has completed a A$3-million capital raise to advance activities at its Honeymoon project, in South Australia. The ASX-listed company placed 60-million shares, priced at 5c each, to new and existing sophisticated investors. The placement was made within the... 

New booklet outlines measures to turn mine enviro hazards into jobs generator

By: Ilan Solomons     4th August 2017 Environmental watchdog Federation for Sustainable Environment (FSE) has proposed the establishment of a pilot project to address the waste and pollution legacy of mining in the Witwatersrand basin, with a clear linkage between the potential for revenue generation through materials reclamation and... 

New booklet outlines measures to turn mine enviro hazards into jobs generator
Photo by Duane Daws
MARIETTE LIEFFERINK The project would be in the position to supply jobs to 100 people, who would be responsible for the rehabilitation of Tweelopiespruit and surrounding areas

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

By: Samantha Herbst     2nd August 2017 TSX-listed explorer Fission Uranium has intersected the widest mineralisation and some of the strongest radioactivity to date at its Patterson Lake South property in Canada’s Athabasca basin, following the results of an additional two holes drilled to test the recently discovered, land-based... 

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

ERA narrows loss in interim period

By: Esmarie Iannucci     2nd August 2017 Uranium miner Energy Resources of Australia (ERA) has narrowed its loss during the half-year ended June, compared with the previous corresponding period. The ASX-listed miner on Wednesday reported a loss of A$0.5-million for the interim period, compared with a loss of A$196.5-million in the... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017

Vimy raises A$6m

By: Esmarie Iannucci     31st July 2017 Uranium developer Vimy Resources has raised A$6-million through a share placement to sophisticated and institutional investors to complete definitive feasibility study (DFS) work at its Mulga Rock project, in Western Australia. The company will issue 43-million shares, priced at 14c each, to new... 

Positive signals herald increased US reliance on nuclear as part of renewables mix

By: Henry Lazenby     28th July 2017 Changing global macroeconomic trends are increasingly making more space for nuclear power to support renewable energy roll-outs, boding well for the uranium market, which has been dealing with unsustainably low prices for nearly a decade, according to former US secretary of energy and current... 

Positive signals herald increased US reliance on nuclear as part of renewables mix

Cameco settles US tax spat, 2017 outlook weakens

By: Henry Lazenby     28th July 2017 Canadian uranium producer Cameco has reached a settlement with the US Internal Revenue Service for the tax years 2009 to 2012, bolstering the company’s position that its transfer pricing arrangements are appropriate. The settlement agreement results in a cash tax payment of about $122 000, which... 

Cameco settles US tax spat, 2017 outlook weakens
Photo by Cameco
Cameco's Inkai mine, in Kazakhstan

Resources Watch 

27th July 2017 Fission redefines Athabasca basin; And, State capture casts long shadow over Eskom’s results 

Resources Watch
Resources Watch

Fission reports wide mineralisation, multiple stacked lenses at PLS R1515W zone

By: Henry Lazenby     26th July 2017 Results from the first two summer drill holes at the R1515W zone of Fission Uranium's Patterson Lake South project, in Saskatchewan, show that the explorer has hit high grades and wide mineralisation in multiple stacked lenses. The zone has been expanded both laterally and down-dip to the south. 

Deputy Minister ‘uncomfortable’ at not being consulted

By: Martin Creamer     26th July 2017 Deputy Mineral Resources Minister Godfrey Oliphant told Radio 702 morning anchor Xolani Gwala on Wednesday that he was “uncomfortable” at having to read about the proposed mineral rights moratorium in the newspapers. Oliphant, who has served as the deputy to three Mineral Resources Ministers,... 

Deputy Minister ‘uncomfortable’ at not being consulted
Photo by Duane Daws
Deputy Mineral Resources Minister Godfrey Oliphant

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Embattled Paladin secures new financing facility

By: Esmarie Iannucci     24th July 2017 The administrators of embattled uranium miner Paladin Energy have secured some $40-million of additional debt, announcing on Monday that they had entered into agreements with Deutsche Bank. Under the agreements, Deutsche Bank would acquire an existing $20-million revolving credit facility from... 

Australia ships first uranium to India for testing, Bishop says

By: Bloomberg     24th July 2017 Australia has sent its first uranium shipment to India for testing purposes ahead of possible commercial sales to the nation, Foreign Minister Julie Bishop said. “I can confirm that the first shipment of uranium has taken place in mid-July, when a small sample of uranium was transferred for... 

NexGen closes $110m financing, appoints new board member

By: Henry Lazenby     21st July 2017 Uranium explorer NexGen Energy has successfully closed a $110-million financing with Hong Kong-based CEF Holdings (CEF) and affiliates of its shareholders, comprising $50-million in common shares and a $60-million principal amount of unsecured convertible debentures.  Under the terms of the... 

Paladin teeters on the brink of receivership

By: Henry Lazenby     21st July 2017 Australian uranium player Paladin Energy is on the brink of receivership as its debts outweigh potential revenues. The ASX-listed miner, which will be stripped of its TSX listing on August 10, for failure to meet the exchange’s ongoing listing requirements, said on Friday that it had received an... 

Paladin teeters on the brink of receivership
Photo by Bloomberg
Paladin Energy's Langer Heinrich Mine, Namibia

Charter’s BEE ‘top-up’ provision may be unconstitutional

21st July 2017 The new “top-up” provision in the latest Mining Charter gazetted on June 15, may prove to be unconstitutional and may lead to further expensive legal action by the mining industry, states Fasken Martineau partner and global mining group member Nicola Jackson. In a statement published on June 15,... 

Charter’s BEE  ‘top-up’ provision may be unconstitutional
GOVERNMENT PAYING LIP SERVICE? The controversial Mining Charter’s new procurement targets stipulate that 80% of services be performed by black economic-empowerment entities

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin
Fission Uranium president, COO and chief geologist Ross McElroy discusses how the Patterson Lake South uranium project was discovered, current exploration goals, and the project’s strategic advantage in the ongoing low uranium price environment. Video: Henry Lazenby; Editing: Lionel da Silva.

Nuclear is not just about energy – Niasa MD

By: Natasha Odendaal     19th July 2017 South Africa’s controversial nuclear energy plans have overwhelmingly overshadowed the more expansive, overall industry that has quietly developed in the country, which has become a world leader in nuclear medicine. Speaking at the one-day nuclear forum on the sidelines of the PowerGen Africa... 

North American metals and mining sector provides weak covenant protections – Moody’s

By: Henry Lazenby     15th July 2017 High-yield bonds issued in the metals and mining sector provide weak covenant protection, Moody's Investors Service says in a new report issued on Friday. The average covenant quality (CQ) score under the credit rating agency's scoring criteria for the 56 North American metals and mining... 

Support for multicommodity potential of Malawi project

14th July 2017 Sampling at dual-listed explorer Mkango Resources’ Thambani heavy minerals project, in southern Malawi, supports the notion that Thambani has significant multicommodity potential, says president Alexander Lemon. He noted in a May statement that not only were the uranium results highly... 

Support for multicommodity potential of Malawi project
GOOD TIME TO INVEST Renewed interest in uranium projects has been sparked by Kazakhstan’s cut in uranium production and a supply shortfall for new rectors coming on line in the next five years

Construction formally starts at Salamanca uranium mine

By: Creamer Media Reporter      12th July 2017 ASX- and Aim-listed Berkeley Energia has advanced its Salamanca uranium project from the development phase to the construction phase with the delivery of the primary crusher to the site in western Spain. The 400-t/h crusher was manufactured by Sandvik Group, in Finland, and was one of the... 

Construction formally starts at Salamanca uranium mine
The crusher has arrived at the Salamanca uranium project's site in Spain.

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