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Uranium News

Nuclear power to get $6bn lifeline in Senate Infrastructure Bill

By: Bloomberg     2nd August 2021 Struggling nuclear power reactors could be given a $6-billion lifeline in the bipartisan infrastructure bill being written in the US Senate, according to a draft obtained by Bloomberg News. Reactors that use domestically mined and enriched uranium would be given priority under the proposed... 

Etango-8 PFS proves positive

By: Esmarie Iannucci     2nd August 2021 A prefeasibility study (PFS) into the Etango-8 uranium project, in Namibia, has confirmed the technical and economic viability of an eight-million-tonne-a-year operation. ASX-listed Bannerman Resources on Monday announced that the project would require a capital investment of $274-million to... 

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

Demand for traditional and nontraditional nuclear power growing – Cameco

By: Mariaan Webb     28th July 2021 Uranium major Cameco is excited about the future of nuclear power generation, CEO Tim Gitzel said on Wednesday, stating that demand for both traditional and nontraditional uses of nuclear power was growing as the focus on electrification took hold. The vertically integrated company believes it... 

An image of Cameco CEO Tim Gitzel
Cameco CEO Tim Gitzel

ERA's profits fall after close

By: Esmarie Iannucci     28th July 2021 Uranium miner Energy Resources of Australia (ERA) has reported a net loss of A$5.2-million for the half-year ended June, as a result of lower sales volumes reported during the period under review, and long-term sales contracts concluded in 2021. The miner produced some 34 t of uranium from... 

Berkeley takes first steps to overturn unfavourable Salamanca decision

By: Creamer Media Reporter      23rd July 2021 Uranium developer Berkeley Energia has taken the first steps to overturn the unfavourable decision by the Nuclear Safety Council (NSC) for its Salamanca project in Spain. The NSC earlier this month blocked the London-headquartered company’s planned uranium in the west of Spain on safety... 

Asia’s diverse, vast resources offer opportunity

By: Nadine Ramdass     23rd July 2021 The Asian mining and natural resources industries are multifaceted and unique to each sub region, and country. The continent’s vast natural resources have not yet been fully optimised. “Asia is the largest continent with extremely diverse geographical sub regions, and countries within those... 

WARREN BEECH
Asia is diverse, with vast natural resources
WARREN BEECH Asia is diverse, with vast natural resources

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

New entrant into US uranium sector buys past-producing mines

By: Mariaan Webb     15th July 2021 TSX-V-listed International Consolidated Uranium (CUR) is entering the US uranium sector with the acquisition of a portfolio of conventional uranium projects in Utah and Colorado from NYSE American- and TSX-listed Energy Fuels. CUR will acquire three permitted, past-producing mines in Utah,... 

An image showing a hill and a mine administrative building in Utah, US.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Regulator blocks Berkeley Energia's uranium mine

By: Reuters     13th July 2021 Spain's nuclear regulator on Monday blocked Berkeley Energia's planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company's stock plunging. The CSN regulator said it took the decision due to a lack of... 

Regulator blocks Berkeley Energia's uranium mine

Explosives demand in Africa picking up

By: Darren Parker     9th July 2021 With demand for explosives improving, mining explosives technology company BME, part of JSE-listed Omnia Group, has been successfully maintaining supply to customers across Africa. BME GM Ralf Hennecke notes that this was despite the disruptions and cross-border challenges the company faced. He... 

A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting
A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting

Cameco to restart Cigar Lake later this week

By: Mariaan Webb     5th July 2021 Uranium miner Cameco on Sunday returned its regular workforce to the Cigar Lake mine, in northern Saskatchewan, saying that the risk posed by the nearby wildfire had subsided. About 230 workers were evacuated from the site on July 1, as a precaution owing to the proximity of a wildfire burning in... 

Cameco to restart Cigar Lake later this week

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Uranium uptick not enough to warrant adding tonnes to market – Kazatomprom

By: Mariaan Webb     2nd July 2021 While there are signs of an uptick in the uranium market, including an increase in long-term contracting interest, a thinning spot market and slightly improved pricing, conditions are not yet conducive to adding additional tonnes to the market. This is according to Kazakhstan national atomic... 

Uranium uptick not enough to warrant adding tonnes to market – Kazatomprom

Cameco shuts Cigar Lake as wildfire rages nearby

By: Mariaan Webb     2nd July 2021 Canadian uranium miner Cameco has temporarily suspended production at its Cigar Lake mine, in northern Saskatchewan, as a precaution due to the proximity of a wildfire burning in the vicinity of the operation. The situation is complicated by extremely warm, dry weather, resulting from the heat... 

Cameco shuts Cigar Lake as wildfire rages nearby

Boss looks at larger output for Honeymoon

By: Esmarie Iannucci     21st June 2021 An updated feasibility study (PFS) into the Honeymoon uranium project, in South Australia, has resulted in a 22.5% increase in production capacity, compared with last year’s prefeasibility study. ASX-listed Boss Energy on Monday reported that the update d PFS incorporated planned changes to... 

Australian energy powering the world - report

By: Esmarie Iannucci     17th June 2021 PERTH (miningweekly.com) – Geoscience Australia’s snapshot of the nation's energy resources has reaffirmed Australia’s abundance of world class energy resources and role as a globally significant energy commodity producer, with energy export earnings contributing more than A$130-billion to the... 

Australian energy powering the world - report

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Denison helps UEX buy JCU from OURD, to take 50%

By: Mariaan Webb     15th June 2021 Canadian uranium developer Denison Mines has announced that it will acquire 50% ownership of JCU (Canada) Exploration from UEX, when that company completes the acquisition of JCU from Overseas Uranium Resources Development (OURD). Denison will pay C$20.5-million in cash for the 50% of JCU, which... 

Denison helps UEX buy JCU from OURD, to take 50%

Fluor repositions South African unit to support energy transition drive 

By: Terence Creamer     14th June 2021 Global engineering and construction company Fluor, which has been closely associated with South Africa’s liquid fuels and chemicals industries since the 1960s, has restructured its South African operations to align with the unfolding transitions under way in the energy and mining sectors. Fluor... 

Fluor South Africa GM Bill Langenbach
Fluor South Africa GM Bill Langenbach

GoviEx reports positive gold drilling results at Mali project

By: Simone Liedtke     10th June 2021 TSX-V-listed GoviEx Uranium has received positive gold assay results following the completion of its air-core drilling programme on the Madini exploration licence, which is part of the company’s Falea uranium project, in Mali. International Drilling Company (IDC), from Senegal, conducted a... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Global uranium production to recover this year, says GlobalData

By: Tasneem Bulbulia     7th June 2021 Global uranium production is expected to recover by 3.1% to reach 51 200 t this year, as a result of the return to production of the Cigar Lake mine, in Canada, as well as at other mines where operations were suspended during 2020, says data and analytics company GlobalData. It notes that output... 

Global uranium production to recover this year, says GlobalData

Paladin starts trading on US-based OTCQX market

By: Tasneem Bulbulia     3rd June 2021 Uranium miner Paladin Energy has announced its upgrade from trading on the Pink Market to trading on the OTCQX Best Market in the US. Trading started on the OTCQX Best Market on June 2. 

Western Uranium buys physical uranium

By: Reuters     3rd June 2021 Colorado-based Western Uranium and Vanadium will buy 125 000 lb of natural uranium concentrate, at current market prices which are below the average global uranium costs. The strategic inventory could be held as a long-term investment, used for 2022 delivery under existing supply agreements or... 

Etango project suited to meet current and future uranium deficits

By: Donna Slater     2nd June 2021 ASX-listed Bannerman Resources CEO Brandon Munro says the company offers investors an “outstanding” opportunity with its Swakopmund, Namibia-based Etango uranium project as supply of the commodity has grown into an expanding deficit over the past few years. Speaking during the Junior Indaba, in a... 

Australia poised to benefit from increased commodity demand - MCA

By: Esmarie Iannucci     2nd June 2021 A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities. The MCA’s Commodity Demand Outlook 2030 has predicted that seaborne iron-ore demand would rise moderately, from 1.5-billion... 

Australia poised to benefit from increased commodity demand - MCA

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Kvanefjeld's public consultation extended

By: Esmarie Iannucci     1st June 2021 The Greenland government has extended the public consultation period for the Kvanefjeld rare earth project from June 1 until September 13. ASX-listed Greenland Minerals on Tuesday told shareholders that the government has stated the extension was to enable further public meetings to take place... 

Kvanefjeld's public consultation extended

GoviEx advances Mutanga uranium project

By: Simone Liedtke     28th May 2021 Mineral resource company GoviEx Uranium has executed a drilling contract with Zambia-based drilling company Hydro Tech Drilling & Exploration to undertake exploration and resource delineation drilling programmes at the company’s Mutanga uranium project, in Zambia. “With the reissued Chirundu... 

Peninsula raises A$15m for uranium buy

By: Esmarie Iannucci     28th May 2021 Uranium developer Peninsula Energy on Friday announced a A$15-million capital raise to fund the purchase of 300 000 lb of uranium. The company told shareholders that it had received firm commitments for institutional and high net worth investors for the placement of more than 89.3-million... 

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

GoviEx commences 13 000 m drilling programme at Madaouela

By: Donna Slater     26th May 2021 TSX-V-listed uranium explorer and developer GoviEx Uranium has commenced a five-month drilling programme as part of a feasibility study on its Madaouela uranium project, in Niger. CEO Daniel Major says the feasibility programme is designed to cover infrastructure, tailings, geotechnical studies... 

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
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