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Uranium News

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Paladin has only days to repay EDF debt

By: Esmarie Swanepoel     3rd July 2017 France’s Electricite de France SA (EDF) is pushing embattled uranium miner Paladin Energy for the repayment of $227-million in debt, which is due on July 10. Paladin previously attempted to negotiate a standstill agreement with EDF under the long-term supply agreement inked in 2012, but a... 

Paladin has only days to repay EDF debt

Mining Charter violates shareholder rights – Hogan Lovells

By: Martin Creamer     23rd June 2017 Mining Charter Three’s arbitrary increase of empowerment shareholding to 30% violates the property rights of shareholders, and the new charter’s requirement to pay 1% of yearly turnover is not expected to survive challenges under the Companies Act and the Constitution. Property rights under the... 

Mining Charter violates shareholder rights – Hogan Lovells
Hogan Lovells partner Wessel Badenhorst

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Slow, bumpy market recovery on the cards for most commodities

Strateco loses Quebec lawsuit

By: Henry Lazenby     22nd June 2017 Canadian uranium project developer Strateco Resources has suffered defeat in its litigation against the government of Quebec, saying it is reviewing the 115-page judgment and assessing the possibility of appealing the decision. Judge Denis Jacques rendered his decision on Wednesday regarding the... 

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Mining Charter set to worsen stakeholder relations – Bench Marks

By: Martin Creamer     20th June 2017 The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Bench Marks executive director John Capel condemned the new charter as a... 

Mining Charter set to worsen stakeholder relations – Bench Marks
Photo by Reuters
Rt Rev Dr Jo Seoka, chairperson of the Bench Marks Foundation, which has launched a scathing attack on the new Mining Charter.

Western Australia bans future uranium mines

By: Esmarie Swanepoel     20th June 2017 Western Australia on Tuesday officially implemented a ban on future uranium mining leases, but has given assurances that it will not hinder the development of projects already granted approval. Mines and Petroleum Minister Bill Johnston told Parliament that the actions were consistent with the... 

Western Australia bans future uranium mines

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Chamber going to court to halt devastating charter blow to already battered mining sector
Photo by Creamer Media
Chamber of Mines of South Africa president Mxolisi Mgojo

Paladin has 30 days to repay $277m in debt

By: Esmarie Swanepoel     13th June 2017 Uranium miner Paladin has to repay $277-million in debt within the next 30 days, after the company failed to provide sufficient security to offtake partner Électricité de France (EDF) under a long-term supply contract (LTSC) Paladin previously proposed additional security for the LTSC, signed in... 

Berkeley Energia building a Europe-focused board

By: Creamer Media Reporter      12th June 2017 Uranium project developer Berkeley Energia has appointed Adam Parker as independent nonexecutive, strengthening the company’s commitment to build an Europe-focused board. The ASX- and Aim-listed company, which is bringing the Salamanca mine in western Spain into production, recently also... 

IHS Markit's materials price index registers 3.1% weekly decline

By: Henry Lazenby     9th June 2017 A broad basket of commodities tracked by market research house IHS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat. IHS senior economist Ben Orhan said in a news release to Mining Weekly Online on Thursday that the commodity price index... 

Uranium to boost Namibian mining sector – BMI

By: Megan van Wyngaardt     8th June 2017 Namibia's mining sector will witness solid growth over the coming years, owing to an increase in domestic uranium production, but this could be stifled by proposed regulatory revisions, which will pose significant challenges for the broader mining sector, research firm BMI said on Thursday. In... 

Denison plans active summer drilling across development portfolio

By: Henry Lazenby     7th June 2017 Uranium development company Denison Mines plans for an active summer of exploration on its flagship Wheeler River project, in northern Saskatchewan’s Athabasca Basin, as well as on other projects in its growth pipeline. The Toronto-headquartered explorer said on Wednesday it plans to undertake up... 

Denison plans active summer drilling across development portfolio

Phosa condemns charter tinkering, urges growth negotiations  

By: Martin Creamer     7th June 2017 Stop tinkering with sector charters and instead negotiate them in a manner that creates room for sizable growth, African National Congress (ANC) National Executive Committee member Dr Mathews Phosa urged on Wednesday. Delivering the keynote address at the Junior Indaba, the former premier of... 

Phosa condemns charter tinkering, urges growth negotiations
African National Congress National Executive Committee member Mathews Phosa addressed the Junior Indaba, which was cover by Mining Weekly Online’s Martin Creamer. Photograph: Duane Daws. Video and Video Editing: Darlene Creamer

Former Rio Tinto exec joins Berkeley Energia board

By: Creamer Media Reporter      7th June 2017 Former Rio Tinto executive Nigel Jones has joined the board of uranium developer Berkeley Energia as a nonexecutive director, the Aim- and ASX-listed company announced on Wednesday. London-based Jones has 30 years’ experience in the international mining sector and has corporate development and... 

Gupta-owned Oakbay Resources loses JSE sponsor over associated risk

By: African News Agency      5th June 2017 Oakbay Resources and Energy, which is owned by the controversial Gupta family, on Monday lost its JSE sponsor, River Group, after being given notice of the termination of their appointment as sponsor. River Group is a JSE sponsor, designated adviser and international corporate finance boutique... 

Young bull run kickstarts cyclical mining industry into exploration mode

By: Henry Lazenby     2nd June 2017 With the commodity and equity markets in much better shape than a year ago, mining industry players are navigating the early days of a new bull run with renewed interest in exploration and mergers and acquisitions activity to secure future supplies. While the commodity market is perhaps not... 

Young bull run kickstarts cyclical mining industry into exploration mode
Photo by Resource Maven
Resource Maven newsletter writer Gwen Preston on a mining site visit

Deep Yellow raises A$15m

By: Esmarie Swanepoel     2nd June 2017 Uranium explorer Deep Yellow has closed a A$15-million non-renounceable entitlement issue to shareholders. Some 19.5-million fully paid ordinary shares, and a further 19.5-million options, representing around A$4.9-million, were subscribed for by shareholders. The offer was made on the basis of... 

Enviro permitting processes for Western Cape uranium project advancing 

By: Mia Breytenbach     2nd June 2017 Uranium project developer Tasman RSA Mines says that draft environmental impact assessment (EIA) and environmental management plan (EMP) reports for the company’s mining right applications Ryst Kuil and Quaggasfontein, which form part of the Karoo uranium mining project, in the Western Cape, will... 

Enviro permitting processes for Western Cape uranium project advancing
PROJECT PROSPECTS Uranium developer Tasman RSA Mines’ mining right applications include Ryst Kuil Quaggasfontein in the Western Cape and Kareepoort in the Eastern Cape

AMD remains a major concern – Liefferink

By: Anine Kilian     31st May 2017 The acid mine drainage (AMD) challenge in South Africa has been partially addressed, but a lot still needs to be done, Federation for a Sustainable Environment CEO Mariette Liefferink said on Wednesday. Speaking to Mining Weekly Online on the sidelines of an integrated water management symposium,... 

Honeymoon uranium mine in S Australia may reopen next year

By: Esmarie Swanepoel     31st May 2017 The Honeymoon uranium project, in South Australia, will require an initial capital investment of $10-million to allow for a restart with a production of 0.88-million pounds of uranium oxide (U3O8) a year. A prefeasibility study (PFS) found that the Stage 1 re-start will see project developer... 

Honeymoon uranium mine in S Australia may reopen next year

Alba Minerals’ CEO to step down

By: Creamer Media Reporter      30th May 2017 Michael Nott will step down as CEO of Aim-listed Alba Mineral Resources, effective June 1. He will, however, remain on the company’s board as nonexecutive director. 

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Zambezi Protocol to serve as guide for identity-changing chamber
Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

New company aims to be ‘unrivalled’ service provider

26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Sampling delivers positive results at Mkango’s Malawi project

By: Megan van Wyngaardt     24th May 2017 Recent sampling at dual-listed Mkango Resources’ Thambani heavy minerals project, in southern Malawi, has supported the project’s exploration potential, president Alexander Lemon said on Wednesday. He noted that not only were the uranium results highly encouraging, with assay results from 85 rock... 

Aura Energy submits mining lease application for Mauritania uranium project

By: Megan van Wyngaardt     24th May 2017 Dual-listed Aura Energy has submitted a mining lease application to the government of Mauritania for the development of its Tiris uranium project. Marking it a key milestone, the company said the application followed a broad programme of evaluation and study over the past eight months, which... 

MCA calls for nuclear energy in Australia

24th May 2017 The Minerals Council of Australia (MCA) has urged the Australian government to consider nuclear energy in the nation’s future. Speaking at the Paydirt South Australian Resources and Energy Investment conference, MCA’s executive director for uranium, Daniel Zavattiero, said that Australia’s... 

Paladin fights to maintain TSX listing

By: Esmarie Swanepoel     19th May 2017 The TSX has given uranium miner Paladin Energy 90 days to comply with all the requirements for continued listing, including its financial solvency. If the company could not demonstrate that it met the bourse's requirements before August 14, the company’s securities will be delisted 30 days later. 

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Alcohol testing, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol testing, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

No corruption in nuclear negotiations, Eskom chief nuclear officer assures 

By: Kim Cloete     18th May 2017 Eskom’s chief nuclear officer David Nicholls is still firmly committed to the principle that nuclear is the way to go for a sustainable energy future and says he knows of no corruption in negotiations on a deal to procure new nuclear energy capacity. “I’ve been in the middle of this deal for... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Cameco appoints new COO as Steane retires

By: Creamer Media Reporter      12th May 2017 Canada’s largest uranium producer, Cameco, has named Brian Reilly as the successor of Bob Steane, who is retiring after 34 years with the company. Reilly is now Cameco’s senior VP and COO and will report to president and CEO Tim Gitzel. 

Down 2.1% last week, IHS Materials Price Index tracks lower for third week

By: Henry Lazenby     12th May 2017 Lacklustre Chinese manufacturing data, coupled with moves by regulators to crack down on risky investments, is fuelling concern that Chinese demand growth is set to decelerate and that it had pushed down commodity prices over the last three weeks, market intelligence firm IHS Markit said in a... 

Mine planning software a must for modern miners

By: Robyn Wilkinson     12th May 2017 In the face of numerous technical challenges, as well as the overall drive to reduce mining costs and improve efficiency amid commodity price volatility, miners globally can no longer afford to operate without using modern analytical, modelling, simulation and optimisation software, says mining... 

Mine planning software a must for modern miners
BOOSTING DEVELOPMENT MICROMINE’s fleet management and mine control solution, Pitram, is assisting Mongolian copper and gold mine Oyu Tolgoi to restart its underground development

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