Olma to make 'concrete proposal' to First Uranium by weekend

First Uranium shareholder Olma Investments plans to submit a “concrete proposal” to the board of directors by Friday laying out an alternative to the asset sales the gold and uranium producer has announced, head of equities at the wealth...

Chamber optimistic for 2012, despite challenges of previous year

Chamber of Mines of Namibia GM Veston Malango is optimistic that Namibia’s mining sector will perform better in 2012 compared with last year, which saw the world review the safety of nuclear power stations and corresponding market reactions...

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...

Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

Impairment on US asset sale widens Denison's Q1 loss

Denison Mines, the Toronto-based uranium producer, on Wednesday reported a widened $52-million loss for the first quarter, after the company took a $44-million impairment related to the sale of its US assets to Toronto-listed Energy Fuels,...

Peeved First Uranium shareholders gunning for better deal

Unhappy First Uranium shareholders led by Olma Investments have approached an unnamed company to bid for 50% of the troubled Toronto- and Johannesburg-listed firm, head of equities at the Russian investment company Nick Betsky told Mining Weekly...

Positive outcomes for Namibian uranium deposits

A strategic technical review conducted by a technical steering committee (TSC), comprising international uranium company Marenica Energy personnel and recognised independent industry experts, has concluded, from detailed mineralogical test work,...

S Australia in talks to open weapons test range for uranium mining

South Australian Mineral Resources and Energy Minister Tom Koutsantonis on Tuesday that the state was working with the federal government to open up the Woomera prohibited area (WPA) for exploration and mining. Occupying some 127 000 km2, the WPA...

First Uranium climbs on water appeal's dismissal

Shares in First Uranium surged 13% higher on Thursday morning, after the gold and uranium producer said the South African Water Tribunal dismissed an appeal an environmental group lodged against one of its major subsidiaries. The Toronto- and...

Paladin reports $123m quarterly loss

ASX- and TSX-listed uranium producer Paladin Energy on Monday reported an after-tax loss $123.4-million for the September quarter, after it took a $133-million impairment charge on its Kayelekera mine in Malawi. Paladin, which widened its loss...

Uranium market could be in equilibrium - Uranium One

Uranium One, which produces the nuclear fuel in Kazakhstan, Australia and the US, said on Monday the Fukushima Daiichi disaster will continue to dog the sector until as long as the end of 2013. “In the next 18 to 24 months we are still working...

Cameco profit falls, tight-lipped on Hathor bid

Third-quarter profit at leading uranium producer Cameco fell 60% to $39-million as a result of losses on foreign exchange derivatives, the company said on Monday. On an adjusted basis, earnings rose 30% to $104-million, thanks to higher sales...