- Home
- Latest News
- Sector News
- World News
- Magazine
- Video Reports
- Research
- Press Office
- Electra Mining
- Announcements
- Columnists
- Topics
- What's On
- Jobs
- Tenders
- Mining Indaba
- Apps
- Suppliers Directory
- About Us
- Legal Notice
- Comment Guidelines
- Marketing Videos
Uranium News
ERA production falls in June quarter
By: Esmarie Iannucci 12th July 2017 Uranium miner Energy Resources of Australia (ERA) has reported a 25% fall in uranium oxide (U3O8) production during the three months to June, compared with the first quarter. Production for the second quarter fell to 449 t of U3O8, compared with 666 t U3O8 produced in the previous quarter, with... →
Miners rewarded for improved capital discipline
By: Henry Lazenby 11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... →
Toro receives federal approval for Wiluna uranium project
By: Ilan Solomons 10th July 2017 Federal Environment and Energy Minister Josh Frydenberg has granted environmental approval for Toro Energy’s Wiluna extension uranium project, in Western Australia. The project was assessed under a bilateral agreement between federal and state governments initiated in February 2014. ASX-listed... →
FEED lowers Salamanca uranium mine’s upfront costs
By: Mariaan Webb 6th July 2017 The Salamanca uranium mine in Spain has been confirmed as one of the lowest-cost uranium developments in the world, Aim- and ASX-listed Berkeley Energia reported on Thursday, as it published a new capital cost estimate for the project. The Salamanca mine, which will produce 4.4-million pounds a... →
Canadian Nuclear Safety Commission OKs another ten years of McCLean Lake mill ops
By: Henry Lazenby 6th July 2017 A uranium mill processing high-grade uranium ore from Saskatchewan’s Athabasca basin has been granted a new ten-year licence to operate. The McClean Lake mill is one of the most technologically advanced uranium mills in operation and is the only facility in the world designed to process... →
Uranium Resources receives mining licence for Tanzania operations
By: Megan van Wyngaardt 5th July 2017 Uranium Resources’ major shareholder, Estes, on Wednesday confirmed that it would continue to fund the company’s ongoing working capital requirements while the company reviews alternative financing arrangements. To date, Estes has provided unsecured loans totalling $1.8-million, which are now... →
Administrators take over at embattled miner Paladin
By: Esmarie Iannucci 4th July 2017 Embattled uranium miner Paladin Energy has called in administrators after failing to secure a standstill agreement with France’s Electricite de France SA (EDF). Paladin was due to make repayments of a $227-million debt to EDF on July 10. →
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 Iannucci 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... →
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... →
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,... →
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... →
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... →
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 Iannucci 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... →
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 of Mines of South Africa president Mxolisi Mgojo
Paladin has 30 days to repay $277m in debt
By: Esmarie Iannucci 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... →
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... →
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... →
Resource Maven newsletter writer Gwen Preston on a mining site visit
Deep Yellow raises A$15m
By: Esmarie Iannucci 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... →
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 Iannucci 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... →
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,... →
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... →
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 Iannucci 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... →
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. →
Latest News
Latest Videos
Projects
Topics In These Articles
