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Uranium News

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 3 hours ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Langer Heinrich restart gets priced

By: Esmarie Iannucci     30th June 2020 The Langer Heinrich uranium project, in Namibia, can be brought back online at a capital cost of $81-million, a mine restart plan has found. ASX-listed Paladin Energy on Tuesday noted that a $34-million investment would be required to mobilise the workforce, undertake maintenance and provide... 

Langer Heinrich restart gets priced

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering  

By: Martin Creamer     30th June 2020 Engineering company Babcock Ntuthuko Engineering has been pleasantly surprised by the productivity and agility that the lockdown has afforded it as an engineering house engaged in the energy sector. Babcock Ntuthuko Engineering’s major industrial clients include State electricity utility Eskom... 

Pleasantly surprised by productivity during lockdown – Babcock Ntuthuko Engineering
Babcock Ntuthuko Engineering CEO Thava Govender interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Court of Appeal upholds Tax Court ruling in Cameco-CRA dispute

By: Creamer Media Reporter      27th June 2020 The Federal Court of appeal has upheld the Tax Court of Canada’s 2018 decision that found in favour of uranium major Cameco in its tax dispute with Canada Revenue Agency (CRA). The dispute centres on reassessments that CRA issued for the 2003, 2005 and 2006 tax years. “Four judges have now... 

Court of Appeal upholds Tax Court ruling in Cameco-CRA dispute
Cameco CEO Tim Gitzel

Canada reaffirms commitment to US critical minerals supply chain

By: Mariaan Webb     18th June 2020 Canada’s Natural Resources Minister Seamus O’Regan has reaffirmed the country’s commitment to develop an integrated North American supply chain for critical minerals. A year ago, Prime Minister Justin Trudeau and President Donald Trump committed to such a supply chain and in January, the two... 

Canada reaffirms commitment to US critical minerals supply chain
Canada Natural Resources Minister Seamus O'Regan

TNT Mining mulls North America dual listing

By: Simone Liedtke     18th June 2020 ASX-listed TNT Mining is looking into the possibility of further trading liquidity and addressing offshore demand by seeking a quotation to trade on the OTCQB Venture and/or the OTCQB Best Market in North America. The company’s board does not intend to issue further securities as part of any plan... 

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Mantashe justifies controversial nuclear RFI on basis of ‘long lead-time’ involved

By: Terence Creamer     14th June 2020 Mineral Resources and Energy Minister Gwede Mantashe has justified the issuance of a controversial request for information (RFI) relating to a possible 2 500 MW new nuclear build programme on the basis of the long lead-time involved for the building of such power stations. In a Tweet following... 

Mantashe justifies controversial nuclear RFI on basis of ‘long lead-time’ involved
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

MAC recognises Agnico Eagle and Cameco for sustainability projects

10th June 2020 The Mining Association of Canada (MAC) has awarded gold miner Agnico Eagle and uranium producer Cameco this year's Towards Sustainable Mining (TSM) excellence awards in recognition of their innovative sustainability projects focused on community engagement and environmental stewardship. TSM is a... 

MAC recognises Agnico Eagle and Cameco for sustainability projects

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
Standard Bank building.

Denison shows proof of concept for ISR mining at Phoenix

By: Creamer Media Reporter      4th June 2020 Uranium company Denison Mines on Thursday announced that engineering consultant Petrotek had developed a hydrogeologic model for the high-grade Phoenix uranium deposit, which demonstrated “proof of concept” for the application of in-situ recovery (ISR) mining at Wheeler River, in northern... 

Denison shows proof of concept for ISR mining at Phoenix

Peninsula set to raise A$40.3m

By: Esmarie Iannucci     4th June 2020 Uranium developer Peninsula Energy will raise A$40.3-million in a fully underwritten renounceable entitlement offer to repay its existing term debt. Eligible shareholders would be allowed to subscribe for nine new shares in Peninsula for every five shares held, at an issue price of 7.1c a share. 

Kazakhstan sells 6.27% stake in uranium miner for $206m

By: Reuters     3rd June 2020 Kazakh sovereign wealth fund Samruk Kazyna said on Wednesday it had raised $206 million by selling on the market a 6.27% stake in Kazatomprom, the world's biggest uranium miner. It sold the shares at $13 per global depositary receipt, a discount of about 6% to the market price, MD Yerzhan... 

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

Kazakhstan to reduce stake in uranium miner Kazatomprom

By: Reuters     3rd June 2020 Kazakh sovereign wealth fund Samruk-Kazyna plans to sell a 4.55% stake in the world's biggest uranium miner, Kazatomprom , for about $150-million, deal managers led by Citigroup said on Tuesday. The sale will be the third by Samruk-Kazyna after the initial listing in 2018 and a secondary... 

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.

Thor acquires Australian firm with US uranium and vanadium assets

By: Simone Liedtke     1st June 2020 Aim- and ASX-listed Thor Mining has acquired 100% of the shares in private Australian company, American Vanadium, which has interests in uranium and vanadium focused projects in Colorado and Utah, in the US. The exploration and development company also said on June 1 that it would pursue... 

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kazakhstan, Russia and Uzbekistan continue to supply vast majority of US uranium needs

By: Creamer Media Reporter      27th May 2020 Owners and operators of US civilian nuclear power reactors (COOs) purchased a total of 48-million pounds of U3O8 equivalent of deliveries from US and foreign suppliers in 2019, with the vast majority sourced from Kazakhstan, Russia and Uzbekistan. The total deliveries was 20% higher than the... 

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Full reopening of mining from June 1 – President Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Leon lists measures to attract mining investment in these challenging times  

By: Martin Creamer     22nd May 2020 South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining... 

Leon lists measures to attract mining investment in these challenging times
Herbert Smith Freehills Africa Co-Chair Peter Leon spoke at a webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

TNT acquires uranium, vanadium claims in Utah

By: Marleny Arnoldi     22nd May 2020 ASX-listed TNT Mines has entered into a binding share sale agreement to acquire Vanacorp Aust and its wholly-owned US subsidiary, Vanacorp USA. Vanacorp USA owns 200 unpatented lode claims that are prospective for uranium and vanadium, together called the East Canyon project, which is located... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

China's mine development in sub-Saharan Africa likely to slow

By: Simone Liedtke     20th May 2020 The development of mines in sub-Saharan Africa by Chinese firms will slow in the coming quarters, before picking up again in 2021, says industry research company Fitch Solutions. In addition to logistical challenges being faced by miners as a result of the global Covid-19 pandemic, the company... 

US uranium production slumped 89% last year

By: Mariaan Webb     20th May 2020 US uranium concentrate production slumped 89% last year, to 174 000 lb of U3O8, according to information by the US Energy Information Administration (EIA). This is a sharp decrease from the 4.89-million pounds a year that the US produced five years earlier. The EIA report comes about a month... 

US uranium production slumped 89% last year

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Equatorial Guinea mines ministry signs first five mining contracts

By: Donna Slater     18th May 2020 Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has signed the first mining contracts in the country’s history, following the conclusion of the country’s inaugural mining bidding round last year. The ministry signed five mining contracts with three different companies, including one... 

World’s top mining companies committed to climate change solutions – ICMM 

By: Martin Creamer     13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... 

World’s top mining companies committed to climate change solutions – ICMM
International Council on Mining and Metals CEO Tom Butler

Cameco restarts Port Hope, Cigar Lake remains shut

By: Creamer Media Reporter      12th May 2020 TSX- and NYSE-listed Cameco has announced that it is resuming production at its Port Hope Conversion Facility’s UF6 plant and its Blind River refinery in Ontario. Both operations will restart in the week of May 18, and achieve regular production levels the week of May 25. 

Cameco restarts Port Hope, Cigar Lake remains shut
Port Hope UF6 facility in Ontario.

DMRE to test market appetite for 2 500 MW of small nuclear reactors  

By: Terence Creamer     7th May 2020 The Department of Mineral Resources and Energy (DMRE) told lawmakers on May 7 that the development of a roadmap for a 2 500 MW nuclear new build programme would commence soon and that the market would be tested for “robust funding options”. A request for information would be issued to assess... 

DMRE to test market appetite for 2 500 MW of small nuclear reactors
Mineral Resources and Energy Minister Gwede Mantashe

Judgment reserved at Mining Charter review hearing 

By: Martin Creamer     7th May 2020 A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the... 

Judgment reserved at Mining Charter review hearing
Photo by Creamer Media
Minerals Council South Africa building in central Johannesburg.
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