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Uranium News

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Cabinet discusses new minerals director-general, mine water and mine town steps

By: Martin Creamer     2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... 

Cabinet discusses new minerals director-general, mine water and mine town steps
Eastern Basin acid mine drainage plant in Springs

Fission discovers new mineralised zone at PLS

By: Henry Lazenby     1st March 2017 Junior explorer Fission Uranium has announced the discovery of a new mineralised zone 660 m west of the existing R840W zone, highlighting the potential to extend the Patterson Lake South (PLS) mineralised trend, in Saskatchewan’s Athabasca Basin, well beyond the current 2.63 km. The Kelowna-based... 

Cameco’s Port Hope facility secures 10yr operating licence

By: Creamer Media Reporter      28th February 2017 The Canadian Nuclear Safety Commission (CNSC) has granted TSX- and NYSE-listed Cameco a ten-year operating licence for its conversion facility in Port Hope, Ontario. The licence expires on February 28, 2027. 

Russian nuclear deal places massive liability on South Africans 

By: News24Wire      27th February 2017 A nuclear agreement with Russia has far-reaching consequences for the budget the Western Cape High Court heard on Friday, as it places all liability for a nuclear accident on South Africa, while indemnifying Russia completely. David Unterhalter, SC, appearing for Earthlife Africa and the Southern... 

Uranium, diamonds present potential amid challenges

By: Kimberley Smuts     24th February 2017 The biggest potential for growth in the Namibian mining industry is uranium, notes professional services firm KPMG Namibia senior partner Robert Grant, highlighting that the country is facing tough economic conditions in addition to the impact of drought. He tells Mining Weekly that this growth... 

Canadian miner achieves record smelter production

24th February 2017 Canada-based international gold mining company Dundee Precious Metals’ (DPM’s) Tsumeb copper smelter, in Tsumeb, in Namibia, achieved record smelting production in December, with quarterly concentrate production also at a record high of 61 270 t, DPM said when it announced its mine and smelter... 

Uranium prices ‘are turning the corner’ – Canadian developer

By: Ilan Solomons     24th February 2017 Despite the uranium prices remaining weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes that they are turning the corner and is optimistic about more price improvements. Speaking to Mining Weekly on the sidelines of the Investing in African Mining Indaba, last week,... 

Uranium prices ‘are turning the corner’ – Canadian developer
DANIEL MAJOR Recently the US and a number of European have indicated their intention to introduce new and/or bolster their existing nuclear energy supply

Rapid energy access needed in Southern Africa

24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

MAC laments Canada’s declining mining competitiveness

By: Henry Lazenby     17th February 2017 Canada's mining competitiveness is declining, while exploration and mining investment dollars are flowing offshore, a new report by the Mining Association of Canada (MAC) has found. “Very simply, Canada is not as attractive as it used to be for mineral investment and competition for those dollars... 

MAC laments Canada’s declining mining competitiveness
Photo by Agnico Eagle Mines
Agnico Eagle's Meadowbank mine, Nunavut

Group to split to improve customer focus

17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Paladin swings to H1 loss on lower sales prices, volumes

By: Esmarie Swanepoel     15th February 2017 Uranium miner Paladin Energy has reported a 46% decrease in sales revenue for the six months ended December 31, compared with the previous corresponding period, on the back of a 36% fall in the sales price and a 15% decrease in volumes. During the interim period, sales volumes reached... 

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

New Bill on way to boost State involvement in mining
President Jacob Zuma

Cameco expects lower revenue for 2017 after market headwinds lead to disappointing 2016 results

By: Henry Lazenby     10th February 2017 Canadian uranium producer Cameco expects 2017 revenue to fall further to between C$1.95-billion and C$2.08-billion, based on currently committed sales volumes being weighed down by a decrease in average realised prices in the uranium segment as a result of lower prices under both fixed and... 

Cameco expects lower revenue for 2017 after market headwinds lead to disappointing 2016 results

U3O8 Corp finds higher-grade uranium/vanadium layers at key Argentina project

By: Henry Lazenby     8th February 2017 TSX-listed uranium explorer U3O8 Corp continues to build on the recent discovery of higher-grade uranium/vanadium mineralisation at La Rosada, part of the Laguna Salada project in Argentina, announcing on Tuesday that it has delineated similar channels in, and beneath, the bottom gravel layer of... 

If the future really is nuclear, Niger says it is ready for it

By: African News Agency      8th February 2017 Investing in mining production in Niger might sound a little like playing in the traffic with razor blades but delegates at the Investing in African Mining Indaba heard on Tuesday, that it is a lot better bet than it sounds on a number of levels. The country’s Mines and Energy Minister Moussa... 

Despite subdued uranium prices, GoviEx remains upbeat about industry’s prospects

By: Ilan Solomons     6th February 2017 Although uranium prices remain weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes they are turning the corner. Speaking to Mining Weekly Online on the sidelines of the Investing in African Mining Indaba, on Monday, Major acknowledged that the past few years had been... 

Despite subdued uranium prices, GoviEx remains upbeat about industry’s prospects
GoviEx Uranium CEO Daniel Major

Amendment Bill in limbo, but processes crucial

By: Sascha Solomons     3rd February 2017 While stakeholders are waiting for the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill to pass into law, it is important to not only comply with the current version of the MPRDA, but also to take into account the proposed amendments, comments Hogan Lovells partner and head... 

Amendment Bill in limbo, but processes crucial
WARREN BEECH Renewed consultation might eliminate some of the concerns on the Mineral and Petroleum Resources Development Act Amendment Bill

Mining Charter ‘merely draft’ – law firm

By: Sascha Solomons     3rd February 2017 Much controversy surrounds the April 2016 publication of the draft reviewed Mining Charter, but law firm Werksmans Attorneys reminds concerned stakeholders that it is still “merely in draft form”. Extensive comments were furnished from various industry stakeholders after the publication of the... 

Mining Charter ‘merely draft’ – law firm
CHRIS STEVENS The real-world implications of the revised charter will be fairly substantial for mining companies if it is published in the form in which it was published for comment in April 2016

Global uranium production expected to reach 76 493 t in 2020

By: David Oliveira     3rd February 2017 Global uranium mine production is expected to increase at a compound annual growth rate of 4.3%, reaching 76 493 t in 2020, according to a report by research and consulting firm GlobalData. ‘Global Uranium Mining to 2020’, published last month, states that growth in production is needed to meet... 

Mining remains core to defining South Africa’s economy – Manuel 

By: Martin Creamer     2nd February 2017 For the last 150 years, mining has been the driving force of South African industry and economic development. Even though dislike of mining is expressed in various ways, that does not take away from the manner in which mining has shaped South Africa and influenced the interactions of its people. 

Mining remains core to defining South Africa’s economy – Manuel
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Bannerman updates Etango DFS

By: Esmarie Swanepoel     2nd February 2017 ASX-listed Bannerman Resources will update the definitive feasibility study (DFS) for its Etango uranium project, in Namibia, following the conclusion of the heap leach demonstration plant programme. “Our two-year commitment to the Etango demonstration plant programme has been a remarkable... 

Cameco stocks fall as it disputes Tepco's supply contract cancellation

By: Henry Lazenby     1st February 2017 Canada’s largest uranium producer Cameco on Wednesday said it would move quickly to enforce its rights under a uranium supply contract with Tokyo Electric Power Company Holdings (Tepco), after the utility issued a termination notice. Saskatoon, Saskatchewan-based Cameco said it saw no basis for... 

Era posts A$271m loss

By: Esmarie Swanepoel     1st February 2017 Uranium miner Energy Resources of Australia (Era) has made a A$271-million loss in 2016, owing to a A$231-million noncash impairment on the company’s property, plant and equipment during December. The miner produced 17% more uranium oxide in the year, with output rising to 2 351 t, on the back of... 

FIRB approves Paladin's Manyingee deal

By: Esmarie Swanepoel     1st February 2017 The Foreign Investment Review Board (FIRB) has approved uranium miner Paladin Energy’s proposed sale of its Manyingee mining lease, in Western Australia. Paladin and ASX-listed Avira Energy, previously known as MGT Resources, in July last year signed a binding term sheet under which Avira will... 

Digital mining gaining traction – EY 

By: Martin Creamer     30th January 2017 The tempo of mine modernisation – the coming together of mechanisation, digitisation and behavioural change – is on the up as mining companies pursue what is seen as the next productivity step change. With several companies having already mechanised, a growing number are now looking to digitise... 

Digital mining gaining traction – EY
Photo by Duane Daws
EY mining and metals leader Wickus Botha

Further precedent set for inspectorate’s powers

By: Nadine James     27th January 2017 The Labour Court’s decision to set aside a Section 54 mine stoppage order that unjustifiably stopped operations at leading gold producer AngloGold Ashanti’s Kopanang mine, in the Free State, is pleasing, as it provides further legal precedent for the manner in which inspectors from the Department... 

Further precedent set for inspectorate’s powers
KATE COLLIER The negative impact of an unreasonable instruction or unnecessarily harsh enforcement cannot be overlooked

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