R/€ = 15.48 Change: -0.01
R/$ = 13.30 Change: -0.03
Au 1227.12 $/oz Change: -16.99
Pt 817.00 $/oz Change: -12.27

Uranium News

Africa demanding more mining tech, new solutions offered

By: Robyn Wilkinson     12th May 2017 The demand for mine planning solutions is on the rise in Africa, with mining solutions developer Maptek Africa GM Nick Venter noting that there is particular interest in new technology that can be integrated with current systems. 

Improved geology function advances mine planning

By: Robyn Wilkinson     12th May 2017 Adding the GeoLogic software solution to the MineSight mine planning suite provides geologists with smart, time-saving modelling and allows for a reproducible, auditable geological model that can be quickly updated with new information, says mining technology developer Hexagon Mining. 

Improved geology function advances mine planning
BETTER VISUALISATION GeoLogic helps geologists build complex shapes, using mathematical algorithms to create a surface or a solid from drillhole data

Dust regulations hinder productivity

By: Simone Liedtke     12th May 2017 Regulations implemented by governmental authorities, including municipalities, and environmental bodies, are impacting significantly on productivity in the global mining industry at a time when opencast operations are running tight margins, says Johannesburg-based mining equipment manufacturer... 

Dust regulations  hinder productivity
IDEAL SOLUTION The T1255III Terrain Leveler surface excavation machine is ideal for use in surface mine applications with drill-and-blast restrictions

Opencast mine equipment relocation method saves costs, time

By: Simone Liedtke     12th May 2017 By loading, transporting and offloading draglines for opencast mining clients in one piece, global engineered heavy lifting and transportation specialist Mammoet is driving project feasibility by saving its clients time and money. 

Opencast mine equipment relocation method saves costs, time
ADDITIONAL SERVICES Mammoet is also capable of moving rock trucks and hydraulic shovels

More technical skills needed

By: Robyn Wilkinson     12th May 2017 Without more technical skills, the future of the Southern African mining industry cannot be secured, says Southern African Institute of Mining and Metallurgy (SAIMM) president Cuthbert Musingwini. Skills development will, therefore, be included on the agenda at this year’s SAIMM Mine Planning... 

More technical skills needed
CUTHBERT MUSINGWINI Mines are required to continuously innovate how they plan and operate their production systems

Paladin to proceed with potential Langer Heinrich mine sale

By: Henry Lazenby     6th May 2017 ASX- and TSX-listed uranium miner Paladin Energy has agreed to allow an independent valuation process to move forward regarding the sale of its 75%-stake in the Langer Heinrich mine (LHM), in Namibia’s Erongo region, to joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s)... 

Mission urges ‘imminent action’ to curb contamination from old Kyrgyzstan mine

By: Ilan Solomons     5th May 2017 An environmental impact assessment (EIA) report on a former lead and zinc mine in the Sumsar industrial area, in Kyrgyzstan, which was undertaken jointly by international nongovernmental mine action organisation the Swiss Foundation for Mine Action (FSD) and the Agency for Tailings Management of... 

Mission urges ‘imminent action’ to curb  contamination from old Kyrgyzstan mine
SUMSAR INDUSTRIAL AREA, KYRGYZSTAN The former Sumsar mining and ore processing area is located in an ecologically sensitive environment and is exposing residents to chemical contaminants

Och-Ziff fixer's business had corruption at `core', US says

By: Bloomberg     3rd May 2017 A Gabonese man who admitted earning $7-million while helping a unit of Och-Ziff Capital Management Group secure mining rights in Africa deserves at least five years behind bars, prosecutors said. Samuel Mebiame, the son of the former Prime Minister of Gabon, bribed government officials in Africa... 

Opec teaches world's top uranium miner how to handle price crash 

By: Bloomberg     3rd May 2017 Kazakhstan, which mines almost 40% of the world’s uranium, thinks it has the market heft to function as a one-nation Organization of Petroleum Exporting Countries (Opec) for the nuclear fuel. Opec, whose 13 members also pump about 40% of global output, is an “example” in the way it’s used its... 

Cameco stock takes a dive on bigger-than-expected Q1 loss

By: Henry Lazenby     28th April 2017 Canada’s largest uranium producer Cameco has reported another disappointing quarter, recording an C$18-million loss, or C$0.05 a share, as the termination of a key contract and lower prices weighed on the bottom line. Excluding special items, the Saskatoon, Saskatchewan-based miner widened the... 

Cameco stock takes a dive on bigger-than-expected Q1 loss

Minister casts a pall over WA uranium sector

By: Esmarie Swanepoel     27th April 2017 Western Australia’s newly appointed Mines and Petroleum Minister Bill Johnston has cast doubts on the future of uranium mining in the state. Speaking on the sidelines of the Paydirt Graphite conference, in Perth, Johnston noted that although the Labor government will allow the uranium mines... 

Rössing Uranium swings to FY profit, despite low prices

By: Creamer Media Reporter      25th April 2017 In what was a very tough year for the uranium mining industry, Rio Tinto subsidiary Rössing Uranium, which operates in Namibia, swung to a profit of N$107-million in 2016, from a loss of N$385-million in 2015. In the company’s ‘Report to Shareholders 2016’, MD Werner Duvenhage said the year was... 

Peru uranium/lithium mine to come on stream in 2020 – developer

By: Ilan Solomons     21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... 

Peru uranium/lithium mine to come on stream in 2020 – developer
Photo by Plateau Uranium
MACUSANI PLATEAU EXPLORATIONS About C$50-million has been spent on historical exploration workings on the project to date

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Paladin output falls in line with reduced mining plan

By: Esmarie Swanepoel     19th April 2017 Uranium oxide (U3O8) production from the Langer Heinrich mine, in Namibia, fell by 26% during the three months to March as production was impacted by the first full quarter of a reduced mining plan. Miner Paladin Energy on Wednesday reported that production from the Langer Heinrich mine reached... 

Stillwater transaction to test Trump team’s appetite for China deals

By: Bloomberg     10th April 2017 Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal. The Trump administration... 

Long-term improvements forecast for uranium market

By: Robyn Wilkinson     7th April 2017 Although the international uranium market has been facing tough operating conditions, new demand growth is expected later this year on the back of investment in new nuclear reactors in Russia, China and India, says data insights solutions provider GlobalData mining research director Alok Shukla. 

Long-term improvements forecast for uranium market
NUCLEAR SURGE Twenty-two new nuclear reactors are scheduled for completion this year, which will require triuranium octoxide, or yellowcake, for operation

Preparing to keep top producer spot in S Africa

By: Robyn Wilkinson     7th April 2017 Gold producer AngloGold Ashanti has recommissioned a section of its Mine Waste Solutions operation, located in Stilfontein, in the North West, in order to maintain its current uranium production levels in anticipation of potential future upturns in the international market. 

Preparing to keep top producer spot in S Africa
MANAGING OPERATIONS The Great Noligwa mine was added to the Moab Khotsong operation in 2014, where uranium is produced as a by-product of gold production

Platinum has best price improvement prospects – Major

By: Martin Creamer     6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... 

Platinum has best price improvement prospects – Major
Cadiz Corporate Solutions mining director Peter Major

Uranium Energy receives aquifer exemption approval for Texas ISR project

By: Henry Lazenby     6th April 2017 The US Environmental Protection Agency has approved Texas-based miner Uranium Energy Corp's (UEC's) exemption request for a 2 180 ha acquifer for the Burke Hollow in-situ recovery (ISR) project, in South Texas.  Burke Hollow is the third project to be developed as part of the company's... 

Paladin abandons Manyingee stake sale to Avira

By: Esmarie Swanepoel     3rd April 2017 Uranium miner Paladin Energy has abandoned a sales agreement with ASX-listed Avira Energy over a 30% interest in the Manyingee project, in Western Australia. The two companies in July last year signed a binding term sheet under which Avira would acquire an initial 30% interest in the project for... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Mining showing tentative improvement off low base – chamber
Photo by Duane Daws
Chamber of Mines economist Henk Langenhoven

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

Africa needs nuclear energy – Rosatom
Photo by Duane Daws
Viktor Polikarpov

Simpson dismissed from Peninsula board

By: Esmarie Swanepoel     28th March 2017 ASX-listed Peninsula Energy has announced the immediate departure of its MD and CEO John Simpson, who will also be stepping down from the board. Wayne Heili has been appointed CEO and MD, effective April 3. 

Era boss moves to Rio Tinto

By: Esmarie Swanepoel     24th March 2017 Uranium miner Energy Resources of Australia (Era) has announced that its CEO and MD Andrea Sutton will resign to take up a position with parent company Rio Tinto. Sutton, who was appointed CEO and MD in 2013, will work with the board to ensure a smooth transition to her successor, Era said on... 

Paladin launches arbitration against Langer Heinrich JV partner

By: Megan van Wyngaardt     23rd March 2017 Dual-listed Paladin Energy on Thursday launched arbitration proceedings against joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary to seek orders and declarations regarding the sale of the Langer Heinrich mine (LHM), in Namibia’s Erongo... 

Resources Watch  

23rd March 2017 'Irrational' uranium prices making life tough, even for world-class juniors; IDC supporting entry of superior platinum processing route; and ARM’s Motsepe says take community engagement seriously 

Resources Watch
Resources Watch

EU watchdog approves Berkeley uranium sale

By: Esmarie Swanepoel     21st March 2017 The governing body for all nuclear fuel transactions in the European Union has given consent for ASX-listed Berkeley Energia to sell uranium from its Salamanca mine, in Spain. Berkeley Energia in November of last year inked a sales agreement with Curzon Resources for a total of two-million... 

Oakbay Resources' CEO resigns 

By: African News Agency      15th March 2017 Oakbay Resources and Energy, which is owned by the controversial Gupta family, announced on Wednesday that its CEO Jacques Roux had resigned with effect from the end of this month. Roux took over from Varun Gupta in May last year. 

Jasons adds to Honeymoon resource

By: Esmarie Swanepoel     15th March 2017 ASX-listed Boss Resources has reported a 10% increase in the contained metal endowment at its Honeymoon uranium project, in South Australia. The increase in the Honeymoon resource followed on from a 107% increase in the inferred resource estimate for the Jason deposit, which now stands at... 

WA uranium miners seek Labor support

By: Esmarie Swanepoel     14th March 2017 The uranium sector has urged Western Australia’s newly elected Premier Mark McGowan to keep an open mind when it comes to uranium mining in the state. Minerals Council of Australia (MCA) executive director for uranium Daniel Zavattiero said this week that, since the ban on uranium mining in... 

Bannerman gets Namibian partner

By: Esmarie Swanepoel     14th March 2017 Uranium developer Bannerman Resources has entered into a subscription agreement with Namibian company One Economy Foundation, which will become a 5% loan-carried shareholder in the Etango project. As part of the subscription agreement, Bannerman will issue 5% of its ordinary share capital to the... 

'Irrational' uranium prices making life tough, even for world-class juniors 

By: Henry Lazenby     13th March 2017 The resource investment market’s fixation on uranium spot prices and fewer majors operating in the space are making life difficult for uranium exploration juniors, even those such as Fission Uranium that have made world-class discoveries in one of the best jurisdictions in the world. Speaking to... 

'Irrational' uranium prices making life tough, even for world-class juniors
Fission Uranium chairperson and CEO Dev Randhawa discusses the uranium industry's fixation on spot prices and COO and chief geologist Ross McElroy gives an exploration update. Video: Henry Lazenby; Editing: Lionel da Silva.

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Greens party criticises Mulga Rock mine approval

By: Esmarie Swanepoel     8th March 2017 The Australian Greens party has lashed out at federal Environment Minister Josh Frydenberg’s approval of the Mulga Rock uranium mine, in Western Australia. ASX-listed Vimy Resources this week announced that Freydenberg approved the proposed mine, subject to certain conditions, noting that the... 

African Energy sells Zambian projects

By: Esmarie Swanepoel     7th March 2017 ASX-listed African Energy will sell its Zambian uranium portfolio to TSX-listed GoviEx Uranium for three-million shares and 1.6-million common share purchase warrants. Each of the purchase warrants will be convertible into one common share at a price equal to the US dollar equivalent of 160% of... 

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