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...

WA budget gives mining sector a boost – Moore

Western Australian Mines and Petroleum Minister Norman Moore said that funding allocations announced in Thursday’s state budget would boost the ongoing expansion of the resources industry, create new jobs and help improve the safety of...

Shares in Australian uranium miners outpace those of their Canadian peers

The market valuation of Australian uranium miners with one or more projects had surged by 173% over the past 12 months, a new Resource Capital Research (RCR) report indicates, noting that this performance was better than that achieved by their...

Uranium enjoying ‘new status’ as a resources industry

The Australian Uranium Association (AUA) on Tuesday said that the uranium mining industry was throwing off the “artificial constraints” that had limited its growth in recent decades. AUA CEO Michael Angwin urged uranium miners and explorers...

Cameco sees uranium price moving to 'realistic equilibrium'

Although spot market pricing for uranium will likely remain volatile in the short term, Canadian producer Cameco Corporation is confident the longer term outlook for the nuclear fuel remains robust, CEO Jerry Grandey said on Monday. “We are...

Gold One makes senior appointments to grow projects

ASX- and JSE-listed Gold One has appointed two new vice-presidents, one in charge of projects and the other in charge of geology, as of August 1. Mining engineer Syd Caddy has been appointed as vice-president of projects, while Richard Stewart...

Uranium One buys 50% of Kazakh mine, revises output guidance

TSX- and JSE-listed uranium-miner Uranium One on Monday announced that it would buy a 50% stake in another mine in Kazakhstan, boosting its 2010 production forecast by about one-third. The deal comes not long after Uranium One’s stock took a...

Bannerman raises A$30m to advance Namibia uranium project

Australia-based uranium company Bannerman Resources has raised A$30-million from key North American, Asian and Australian investors, including from Hong Kong-listed diversified miner to advance a uranium project in Namibian. The placement...

Nufcor, hit by weaker prices, says uranium fundamentals still 'strongly favourable'

Uranium investor Nufcor Uranium widened its yearly loss in the 12 months ended June 30, as the company continued to battle against weakening spot prices for the nuclear fuel, but chairperson Kelvin Williams remains confident that the market...