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Uranium News
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 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... →
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... →
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 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... →
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. →
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 →
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. →
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... →
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... →
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. →
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... →
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. →
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... →
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... →
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... →
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... →
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... →
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... →
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