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Uranium News

Uranium company chases yellowcake production

15th December 2006 As uranium becomes an increasingly hot commodity, Canadian uranium and gold producer sxr Uranium One is focusing its efforts on phase one of its Dominion Uranium project in an effort to produce the sought-after yellow cake as soon as possible. 

Extinguished Cigar heats up uranium stocks

By: Irma Venter     1st December 2006 The Cigar Lake flood has caused nearly all uranium stocks “to jump”, says sxr Uranium One chief financial officer Jean Nortier. 

Oz explorer intensifies West African uranium search

30th November 2006 Perth-based resources company Murchison United announced on Thursday that it would be accelerating its West African uranium strategy by engaging in aggressive uranium exploration and drilling programmes at two key prospects in the Republic of Guinea and Mauritania. 

Uranium developer hopeful of first Namibia production by 2008

By: Jade Davenport     24th November 2006 Junior uranium miner UraMin Namibia, a wholly-owned subsidiary of Aim-listed UraMin, has received its exclusive prospecting licence for a highly-prospective 37 368 hectare area in west-central Namibia, which includes the company�s flagship Trekkopje project. 

Exploration and development firm gets more prospecting rights for Ryst Kuil Channel

By: Irma Venter     17th November 2006 The Ryst Kuil Channel, in the Karoo, could be developed into “a robust uranium mine which could be in production by 2010,” says UraMin CEO Ian Stalker. 

Gold giant sets 40% uranium growth target

By: Laura Tyrer     17th November 2006 Gold producer AngloGold Ashanti’s intention to grow its uranium production by 40% is reflecting in the company’s anticipated expenditure on uranium infrastructure upgrades. 

Simmers sets 2010 gold and uranium production targets

By: Nelendhre Moodley     16th November 2006 JSE-listed gold and uranium development company Simmer & Jack Mines (Simmers), which announced, on Thursday, that it was raising capital in North America to further its gold and uranium projects at its Buffelsfontein and Ezulwini mines, located in Gauteng, further reported that it would be... 

AngloGold Ashanti says uranium is on it M&A radar

By: Laura Tyrer     10th November 2006 Gold producer AngloGold Ashanti is focusing its strategy on increasing uranium supply and plans to grow its uranium production by as much as 40%, CEO Bobby Godsell has told news service Bloomberg. 

Gaining dominion over the yellow metal

By: Irma Venter     27th October 2006 Toronto- and JSE-listed sxr Uranium One has big plans. Neal Froneman’s company has ambitions much higher than just digging around for the yellow stuff. Looking at the rapid development at the company since the beginning of the year, it is clear that sxr Uranium One hopes to cash in fully on... 

Langer Heinrich uranium project

20th October 2006 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources' management and advisers have agreed that the optimal manner to proceed with the development of the project is to use an engineering-procurement and construction-management contractor to deliver a... 

Uranium prices likley to continue to firm for medium term

By: Irma Venter     20th October 2006 The uranium spot price will remain under upward pressure in the short to medium term. 

China in uranium-supply talks with Australian miners - report

By: Terence Creamer     16th October 2006 BHP Billiton and Rio Tinto, the world's largest miners by market value, are in talks with China about exporting uranium to the world's second-largest electricity consumer to tap rising demand for nuclear energy, Bloomberg reports. 

Langer Heinrich uranium project

13th October 2006 Paladin Resources' management and advisers have agreed that the optimal manner to proceed with the development of the project is to use an engineering-procurement and construction-management contractor to deliver a fit-for-purpose operation with minimal time loss. 

Canadian-focused uranium explorer in fundraising effort

By: Nelendhre Moodley     9th October 2006 Canadian-based uranium explorer Bayswater Uranium Corporation has announced a brokered private placement of up to 7 620 000 flow-through units issued at $1,05 a unit to facilitate uranium projects in Canada. 

Simmers in uranium capital raising exercise, mulls listing

By: Jade Davenport     29th September 2006 JSE-listed gold and uranium miner Simmer & Jack Mines (Simmers) has announced its intention of raising capital for its uranium subsidiary, First Uranium. 

Honeymoon insitu leach (ISL) uranium project

15th September 2006 sxr Uranium One has approved the development of the Honeymoon ISL uranium project in north-eastern South Australia. The decision follows a detailed review of a feasibility study and a revised mineral resource estimate for the project. 

McClean Lake mine, Canada

By: Carla Thomaz     15th September 2006 Name: McClean Lake mine. Location: McClean Lake mine is located 700 km north of Saskatoon, northern Saskatchewan, Canada. Brief history: The first uranium deposits were found in 1979. The JEB orebody was discovered in 1982, and the Sue A, B and C orebodies between 1985 and 1990. Construction on... 

SA considers re-entry into uranium enrichment, but for peaceful means only

By: Irma Venter     8th September 2006 South Africa started its programme to enrich locally-mined uranium during the 1970s, then halted it for various reasons – before now again considering the viability of such a programme. 

Zambian uranium resource found, exploration company reports

By: Martin Creamer     8th September 2006 A significant uranium resource had been discovered in Zambia, Omega Corp MD Matthew Yates said on Thursday. 

Zambia copper project could offer uranium credits

8th September 2006 Australian miner Equinox says the uranium potential of its emerging $800-million Lumwana copper mine, in Zambia, is being re-evaluated, but adds that it will not detract from the company's core copper focus. 

Ezulwini mineral statement released as bankable study advances

7th September 2006 JSE-listed junior miner Simmer & Jack Mines' 90%-held subsidiary Ezulwini Mining, which released its mineral resource statement for the formerly known Randfontein Four Shaft, had measured and indicated gold resources of 3,1-million ounces at 4 g/t and uranium resources of 6,8-million pounds at... 

Now Uranium One pulls trigger on $35,9m Australian project

By: Terence Creamer     29th August 2006 Uranium development company sxr Uranium One on Tuesday approved the development of the $35,9-million Honeymoon in-situ leach (ISL) uranium project in South Australia, as uranium prices breached the $50/lb level. 

It's not about pounds in the ground, but production

By: Irma Venter     25th August 2006 It’s time for uranium companies to stop talking about the pounds they have in the ground, and to start actual production, says Geiger Counter co-manager Andrew Ferguson. 

Uranium miner proceeds with sock split

By: Nelendhre Moodley     25th August 2006 Uranium miner Mega Uranium has announced that it had received all the necessary shareholder and regulatory approvals to complete its previously announced stock split pursuant to which each issued common share will be subdivided into two common shares. 

Dominion reefs uranium project

18th August 2006 The Dominion project covers an area of approximately 120 km2 and is located about 20 km to the south west of Klerksdorp, in the North West province. It is a brownfields development project consisting of the Dominion and Rietkuil Sections, which include two former uranium and gold mining operations. 

Langer Heinrich uranium project

4th August 2006 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources' management and advisers have agreed that the optimal manner to proceed with the development of the project is to use an engineering-procurement and construction-management contractor to deliver a... 

Researcher expects uranium price to rise to $60/lb

By: Irma Venter     21st July 2006 The current uranium spot price is around $45/lb, which is a 27% increase year-to-date, reports Australia’s Resource Capital Research (RCR). 

Simmers makes progress on uranium diversification strategy

By: Jade Davenport     21st July 2006 Subsequent to the approval of the new-order mining right at its Ezulwini gold and uranium project in May, junior miner, Simmer & Jack (Simmers), has made significant progress in advancing the feasibility study and in raising project finance. 

SA/Canadian miner on course to join uranium 'top five'

By: Keith Campbell     21st July 2006 IF all goes according to plan, South African-based, Toronto-listed, uranium company sxr Uranium One will soon have the giant global mining group Rio Tinto as a shareholder. 

Uranium expected to gain on nuclear investments

By: Bloomberg     18th July 2006 Uranium prices may gain as Japan, South Korea, India and the United Kingdom build more nuclear reactors to meet rising energy demand, Merrill Lynch & Co. said. 

US uranium junior signs $2m contracts

11th July 2006 US-based uranium junior Ur-Energy had awarded engineering, permitting and mine feasibility contracts to progress the development of its Lost Soldier and Lost Creek projects in the Great Divide Basin of Wyoming, US, the company said on Tuesday. 

Fast-moving Uranium One in yet another US uranium coup

By: Matthew Hill     11th July 2006 For the second day in a row, South Africa-based uranium miner sxr Uranium One has come out with a new growth announcement on the acquisition of dormant US uranium assets. Neal Froneman’s fast-moving company on Tuesday announced yet another US uranium mill and land-package signing, hot on... 

Dominion uranium mine

7th July 2006 The plan for the Dominion mine will involve rapid production and build-up, which will be facilitated by the use of declines with mechanised development and multiple orebody access points. Uranium processing technology will consist of a pressure leach circuit, resulting in higher recoveries than... 

Juniors begin to feel at home on JSE

By: Jade Davenport     23rd June 2006 The promotion and sustainable growth of the South African exploration and development sector has, for the last three decades, been undermined by an attitude of scepticism and misperception adopted by the local investment market. 

Trekkopje uranium project

9th June 2006 The Trekkopje project is located in west-central Namibia about 65 km north-east of Swakopmund. The project area consists of two deposits in close proximity to each other - Trekkopje and Klein Trekkopje/Arandis. The Trekkopje deposit is the smaller of the two and lies on the farm Trekkopje. The... 

Dominion uranium-mine

28th April 2006 The plan for the Dominion mine will involve rapid production and build-up, which will be facilitated by the use of declines with mechanised development and multiple orebody access points. Uranium processing technology will consist of a pressure leach circuit, resulting in higher recoveries than... 

More uranium-price upside expected

By: Irma Venter     14th April 2006 Equity research company Resource Capital Research (RCR), which focuses on small resource companies, believes that the current uranium spot price of $40/lb may reach $54/lb in 2006 – an increase of 35% over the current spot price – and $58/lb by June next year – which is an... 

Prefeasibility study under way at world’s largest deposit

By: Jade Davenport     7th April 2006 ASX and LSE-listed resources giant BHP Billiton is currently undertaking a prefeasibility study for the further expansion of its newly-acquired Olympic Dam operation in South Australia. 

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