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Uranium News

Gabon uranium exploration agreement

24th March 2006 Motapa Diamonds has announced that a letter of agreement has been signed with Cameco Corporation and Pitchstone Exploration to jointly explore its uranium exploration licences in Gabon. 

Uranium's outlook positive for next 10 to 20 years

By: Irma Venter     6th March 2006 Not many commodities can promise a sustained upwards price level beyond a single day’s trading in the fickle markets, so often driven by the policy of the quick buck, and punctuated by the nerve-span of the jittery investor. However, the rather unglamorous, nonprecious uranium may just... 

Uranium-production industry's outlook very positive for next '10 to 20 years'

By: Irma Venter     3rd March 2006 Not many commodities can promise a sustained upwards price level beyond a single day’s trading in the fickle markets, so often driven by the policy of the quick buck, and punctuated by the nerve-span of the jittery investor. However, the rather unglamorous, nonprecious uranium may just... 

Oz uranium project sale completed

13th December 2005 Canadian junior Mega Uranium yesterday announced that it has completed its acquisition agreement with Georgetown Mining Ltd (GML) and O'Rourke Geological Contractors (OGC), to acquire 100% of the uranium-molybdenum-fluorite mineralisation contained within GML's properties in the Georgetown area... 

New SA-linked uranium force seeks scale in Canada and Australia

By: Terence Creamer     2nd December 2005 The development of the Dominium uranium mine near Klerksdorp and the further expansion of the asset suite, particularly in North America, have been set as the key priorities for SXR UnraniumOne, the company now emerging following trans-Atlantic shareholder backing for the reverse takeover by... 

Uranium deal supported, JSE listing next month

By: Terence Creamer     25th November 2005 Aflease CEO Neal Froneman described the decision of the company's shareholders to back what amounts to a reverse takeover by Aflease of Toronto Sock Exchange-listed Southern Cross Resources (SXR) as only the “end of the beginning” in an ongoing and evolving strategy to build a global... 

Southern Cross shareholders approve Aflease acquisition

24th November 2005 Southern Cross Resources (SXR) said yesterday that its shareholders had overwhelmingly approved a special resolution authorising the acquisition of South Africa's Aflease Gold and Uranium Resources. 

Canadian miner buys Aussie mineralisation rights

22nd November 2005 Toronto-based miner Mega Uranium has announced that it has entered into an agreement with Georgetown Mining Ltd. (GML) and O'Rourke Geological Contractors (OGC), two private Australian companies, to acquire 100% of the uranium-molybdenum-fluorite mineralisation contained within GML's properties... 

Langer Heinrich uranium project

By: Sheila Barradas     11th November 2005 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources’ management and advisors have agreed that the optimal manner to proceed with the development of the project is to utilise an engineering procurement and construction management contractor to deliver a... 

Uranium miner stakes claim in Newfoundland

4th November 2005 Toronto Stock Exchange Ventures board-listed Pathfinder Resources reports it has staked 35 725 ha covering the Hermitage Flexure geological belt in southwestern Newfoundland based on high-grade uranium discoveries announced by Commander Resources. 

New Board for Southern Cross and Aflease capital raising

31st October 2005 Aflease Gold and Uranium Resources CEO Neal Froneman on Friday announced the directors who would constitute the board of Southern Cross Resources on completion of the acquisition of Aflease by Southern Cross. 

Start-up of Namibian project expected by late 2006

By: andrew lanham     28th October 2005 In the global scramble for uranium production, Paladin Resources has gained a head start and has begun the construction of a new uranium plant, significantly ahead of its nearest global rival. 

Central bank approves Aflease-Southern Cross deal and listing

28th September 2005 The South African Reserve Bank yesterday approved the secondary listing of Canada's Southern Cross Resources (SXR) on the JSE, as well as the subsequent acquisition of all the issued capital of Aflease Gold and Uranium Resources. 

Canadian JV widens search for uranium

26th September 2005 Pathfinder Resources and Diamonds North Resources last week said that a significant block of claims along the eastern margin of the Thelon Basin in the Northwest Territories, Canada has been staked under their Thelon Uranium joint venture agreement. 

Uranium price trebles, shares surge

By: Irma Venter     16th September 2005 Uranium is shaking 25 years of doldrum-dust of its feet – this according to a report by equity research company Resource Capital Research (RCR), which focuses on small resource companies. 

Aflease merged into Canadian firm Southern Cross

16th September 2005 South African firm Aflease Gold and Uranium Resources and Canadian firm Southern Cross Resources have announced the signing of a definitive agreement, which effectively means that Aflease is acquired by SXR. 

Two new uranium mines for Southern Africa

By: Martin Creamer     12th September 2005 Southern Africa is on the point of getting two new uranium mines at a time of colossal projected uranium shortfall, Mining Weekly can today exclusively report. 

Australia's uranium policy seen as open door for African energy

12th September 2005 The uranium policy of the Western Australian Government has been attacked for paving the way for uranium-rich Africa to meet emerging demands for nuclear energy to overcome supply and environment 

Why SA mines are seperated from reactor programme

By: Keith Campbell     2nd September 2005 SA will produce fuel for its Pebble Bed Modular Reactor but there will be no direct supply relationship between SA uranium producers & the PBMR. 

Thelon Basin uranium project

26th August 2005 The Thelon Basin Property covers 2,5-million acres of land within and peripheral to the south-eastern portion of the Thelon Basin, located about 500 km east of Yellowknife, Northwest Territories, Canada. 

Oz miner forms specialised uranium firm

25th August 2005 Australian miner Goldstream this week announced the formation of a 100%-owned subsidiary Uranex that will hold all of Goldstream's uranium projects in Tanzania and Australia. 

Thelon Basin uranium project

19th August 2005 The Thelon Basin Property covers 2,5-million acres of land within and peripheral to the south-eastern portion of the Thelon Basin, located about 500 km east of Yellowknife, Northwest Territories, Canada. 

Aflease: don't forget gold GOLD

By: Keith Campbell     19th August 2005 A review of the gold assets & plans of Aflease Gold & Uranium Resources, soon to be SXR Uranium One. 

Junior bullish on future uranium demand

17th August 2005 Junior miner Aflease Gold and Uranium Resources has indicated, in its mid-year review, that global uranium market fundamentals are expected to remain robust and is expanding to meet this demand. 

Dominion uranium-mine

29th July 2005 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... 

First output from SA uranium project in 18 months

By: Keith Campbell     15th July 2005 SA miner Aflease Gold and Uranium Resources is determined to have its Dominion uranium project, at Klerksdorp, in operation during the first quarter of 2007. 

Uranium demand set to surge over the next 18 months

By: Keith Campbell     10th June 2005 Article on mining forecasts, focusing on uranium, coal, rand/dollar, “Big 4” global mining cos; also mentions of bauxite, copper, gold, & iron ore. 

Aflease, Harmony uranium talks continue

13th May 2005 Uranium hopeful Aflease Gold and Uranium Resources has renewed its cautionary announcements relating to a possible deal with gold-miner Harmony. 

Uranium hopeful still bullish on commodity's prospects

By: Nicola Mawson     9th May 2005 Uranium hopeful Aflease Gold and Uranium Resources remains bullish about prospects for the commodity despite the recent correction in share prices of major uranium companies globally. 

Uranium rights deal announced

18th April 2005 Canadian-based Pathfinder Resources last week reported that it has signed a memorandum of understanding (MoU) with Diamonds North Resources, enabling it to earn an 80% interest in uranium rights covering 3,5-million acres of land within and peripheral to the southeastern Thelon Basin, some 500 km... 

Pulsed-column technology to be used in uranium recovery

By: abdul cook     8th April 2005 Gauteng-based Mintek is introducing the concept of using Bateman Pulsed Column technology for the recovery and purification of uranium through solvent extraction to South Africa. 

Plans for uranium exploration in Madagascar

By: Jill Stanford     4th March 2005 CANADIAN exploratory resource company Pan African Mining has entered into a preliminary agreement to jointly explore, develop and exploit prospective uranium properties in Madagascar. 

Uranium's market about-turn sparks excitement

By: Irma Venter     21st February 2005 There is nothing like a predicted supply shortfall, and the subsequent fear it instils, to resurrect a flailing commodity from the price doldrums. 

U-Turn

By: Irma Venter     18th February 2005 Uranium market's about-turn has miners and investors all aflutter 

New uranium-mine ends decades of inactivity

By: Mariaan Webb     4th February 2005 The first uranium is scheduled to emerge from a resuscitated Klerksdorp mine early in 2007, signalling the end of decades of inactivity in uranium mining. 

Gold-miner to cash in on uranium bull-run

By: Martin Czernowalow     4th February 2005 South African gold-miner AngloGold Ashanti is currently working to increase its uranium production capacity to cash in on the by-product, which is currently being buoyed by positive global market fundamentals, the company revealed at its financial results presentation last week. 

Gold-miner to cash in on uranium bull-run

By: Martin Czernowalow     28th January 2005 South African gold-miner AngloGold Ashanti is currently working to increase its uranium production capacity to cash in on the by-product, which is currently being buoyed by positive global market fundamentals, the company revealed at its financial results presentation yesterday. 

Uranium hopeful confident of raising funds for $100m project

By: Terence Creamer     26th January 2005 South African uranium hopeful Aflease Gold and Uranium believes it is well placed to raise the finance necessary to build a $75-million to $100-million mine at its Dominion uranium project, situated near Klerksdorp, on the West Rand. 

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