Mining a key component in Namibia’s economy

Namibia’s mining sector generated $1.6-billion in mining export earnings during 2011, contributing about 11% to the country’s gross domestic product, with the country’s buoyed uranium mining sector forecast to be the single largest mining...

Strike cripples production at Paladin's Malawi uranium mine

Malawi’s move last week to delink its currency from the US dollar, devaluing by 50%, had an unwelcomed side effect for uranium miner Paladin –workers at its Kayelekera mine in the north of the country on Friday downed tools after the company...

Slower Chinese growth puts breaks on WA-listed firms

The market capitalisation of Western Australian listed companies comprising the Deloitte WA Index decreased by 2.8% in April, mainly on the back of cooling economic growth in China. The market capitalisation for the companies on the index dropped...

Anglo puts State back into steel, competitive bid for Ezulwini, CoAL beating odds at Vele

Diversified miner Anglo American has put the South African State back into steel making;TSX- and JSE-listed gold-and-uranium miner First Uranium is about to face minority shareholder resistance over its recent disposals; and Coal of Africa Limited...

Era adds A$251m to Ranger closure plan

The CEO of uranium miner Energy Resources of Australia (Era), Rob Atkinson on Wednesday told shareholders that the company had increased the provision for the closure of its Ranger mine, in the Northern Territory, from A$314-million to...

New mines needed to meet future demand

In future, new mines will have to be commissioned to keep up with the global uranium demand, with sufficient uranium reserves hosted worldwide, says State-owned power utility Eskom nuclear spokesperson Tony Stott.

Peninsula gives Lance the go-ahead

Emerging uranium miner Peninsula Energy has been given board approval to start commercial mining at the Lance uranium project, in Wyoming. The ASX-listed company said on Tuesday that construction of the Lance project would take between six to...

Khan Resources hits hurdle in ARMZ litigation

Canada's Khan Resources said an Ontario court upheld an appeal from Russian uranium miner Atomredmetzoloto JSC (ARMZ), wherein Khan and its affiliates will not be able to proceed in Ontario with their C$300-million lawsuit. Khan had sued ARMZ in...

Alliance settles Four Mile dispute

Gold and uranium miner Alliance Resources on Friday reported that the litigation regarding the native title agreement for its Four Mile uranium project, in South Australia, had been settled. Alliance Resources had been in a legal battle with its...

Paladin reports strong Q2 performance but trims FY forecast

ASX- and TSX-quoted uranium miner Paladin Energy on Tuesday reported a 47% quarter-on-quarter production increase, but downwardly revised its output guidance for the remainder of the 2012 financial year. The guidance has been lowered to between...

Areva uranium deal eyed amid fraud allegations

Controversy over Areva's $2.5 billion purchase of uranium miner UraMin grew on Friday after a consultant said the French state-owned company may have been the victim of a fraud. The nuclear energy group has launched an internal enquiry into the...

Rio takes full ownership of Hathor

Mining giant Rio Tinto has completed the acquisition of Canadian explorer Hathor Exploration, acquiring the remaining 7.9-million common shares not already owned by the company. In a statement on Thursday, Rio said that the outstanding...