R/€ = 16.20 Change: -0.17
R/$ = 14.49 Change: -0.11
Au 1283.53 $/oz Change: 10.43
Pt 799.66 $/oz Change: -9.74

Uranium News

Aura produces first uranium samples

By: Marleny Arnoldi     Updated 6 hours ago Aim- and ASX-listed Aura Energy has produced its first samples of yellowcake product, as part of its Tiris uranium project’s definitive feasibility study (DFS). The company said in an announcement on Thursday that the product was regarded as saleable, with impurity levels in the product within... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

AngloGold embarking on process to dispose of South African assets  

By: Martin Creamer     9th May 2019 Iconic South African gold-mining company AngloGold Ashanti said on Thursday that it was embarking on a process to review divestment options for its remaining South African assets. The company, headed by CEO Kelvin Dushnisky, said the process would consider all ownership options, with a view to... 

AngloGold embarking on process to dispose of South African assets
Photo by Bloomberg
AngloGold Ashanti CEO Kelvin Dushnisky

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Kyrgyzstan bans uranium mining after protests

By: Reuters     3rd May 2019 Kyrgyzstan's Parliament voted on Thursday to ban uranium exploration and mining in the Central Asian nation despite previously issuing licenses to foreign companies such as Canada's Azarga Uranium. The move, which may expose the Bishkek government to compensation claims from foreign investors,... 

Kyrgyzstan bans uranium mining after protests

Cameco recovers legal costs in dispute with CRA

By: Simone Liedtke     30th April 2019 Dual-listed uranium fuel company Cameco Uranium has been awarded $10.25-million for legal fees incurred, plus a still-to-be-confirmed amount for disbursements, by the Tax Court of Canada following Cameco's application to recover substantial costs incurred in its dispute of reassessments with the... 

Westwater remains upbeat on prospects for US uranium producers

By: Tasneem Bulbulia     30th April 2019 Energy metals exploration and development company Westwater Resources president and CEO Christopher M Jones says US uranium producers will benefit regardless of the decision taken by President Donald Trump regarding uranium imports. The US Department of Commerce in July 2018 initiated a Section... 

Environmental assessment gets under way at NexGen’s Rook 1 project

By: Schalk Burger     29th April 2019 The Rook 1 project, which is a proposed uranium mining and milling operation that will be 100% owned and operated by TSX-listed uranium mine development company NexGen Energy, in the south-western Athabasca Uranium Basin region in northern Saskatchewan, has been given permission to begin... 

MetalNRG to acquire up to 75% of Mkango’s Thambani licence

By: Tasneem Bulbulia     29th April 2019 Mkango Resources has entered into a nonbinding heads of terms agreement with MetalNRG, which will earn up to a 75% interest in the Thambani prospecting licence, in Malawi, by spending up to $2-million on exploration.  The parties expect to enter into a binding definitive agreement on or before... 

Federal nod for Yeelirrie, but development depends on market – Cameco

By: Esmarie Iannucci     26th April 2019 The federal government has given environmental approval for the development of the Yeelirrie uranium project, in Western Australia. The federal approval followed state government approval in January 2017. 

Federal nod for Yeelirrie, but development depends on market – Cameco

Australia’s minerals council calls for repeal of ‘discriminatory’ nuclear energy ban

By: Esmarie Iannucci     23rd April 2019 The Minerals Council of Australia (MCA) has called on the federal government to repeal a ban on nuclear energy. The call comes after Prime Minister Scott Morrison last week said in a radio interview that while nuclear energy was “not on the agenda”, he noted that nuclear energy had to pay its... 

Australia’s minerals council calls for repeal of ‘discriminatory’ nuclear energy ban

Uranium imports aren't a threat, Obama's energy chief says

By: Bloomberg     17th April 2019 A former US energy secretary dismissed the idea that an influx of foreign uranium imports is a threat to national security, rejecting what could be a justification for future import quotas to protect domestic suppliers. “I have never considered uranium to be a major security issue,” Ernest... 

Uranium imports aren't a threat, Obama's energy chief says

Katanga Mining resumes cobalt exports from DRC

By: Reuters     15th April 2019 Katanga Mining, a unit of Glencore, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto project in the Democratic Republic of Congo. The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was... 

Uranium industry weighs rules that have bomb watchers twitching

By: Bloomberg     15th April 2019 Back in the 1970s and 1980s when he was keeping America’s nuclear weapons up to date, Robert Kelley didn’t pay much attention to their source of uranium. But then he was reassigned to lead the international team that accounted for the of hundreds of tons of the heavy metal Iraq secretly... 

ERA production slides during March quarter

By: Esmarie Iannucci     10th April 2019 Uranium miner Energy Resources of Australia (ERA) has reported a 14% drop in production during the three months to March, compared with the previous corresponding period. Uranium production during the first quarter reached 526 t, with ERA reporting a 9% decline in the tonnes of ore milled. 

Niger and GoviEx agree on uranium project development

By: Creamer Media Reporter      8th April 2019 Canadian junior GoviEx and the government of Niger have agreed on a framework to jointly develop the Madaouela uranium project, in terms of which the government will acquire an additional 10% working interest. The 10% stake in the uranium project is in addition to the government’s 10%... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

By: Reuters     5th April 2019 Berkeley Energia has appealed to Spain's Supreme Court against the nomination of new members to the country's nuclear safety council (CSN), which is due to assess the Australian company's uranium mine project near Salamanca. The court, in a document released on Thursday, said it had rejected a... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

Feasibility study in progress for uranium project

By: Jessica Oosthuizen     5th April 2019 A feasibility study is being carried out at Canadian uranium company GoviEx Uranium’s flagship Madaouela project, in Niger, and GoviEx CEO Daniel Major says construction could start at the end of the year. The study is being carried out by consulting engineering and science company SRK Consulting... 

Feasibility study in progress for uranium project
MADAOUELA PROJECT Construction and prestripping the mine will take two years, and the company expects to start commercial production in 2021

Uranium markets rebalancing

By: Jessica Oosthuizen     5th April 2019 Following the nuclear incident at Fukushima, in Japan, in 2011, there has been a global oversupply of uranium. However, markets now appear to be in the early stages of a rebalancing of supply, says US uranium miner and producer Energy Fuels president and CEO Mark Chalmers. He tells Mining Weekly... 

Uranium markets rebalancing
MARK CHALMERS Energy Fuels believes there is a good chance that some level of support will come from the administration to help rebuild the front-end of the nuclear fuel cycle in the US

Namibia expected to become third-largest uranium producer by 2020

By: Jessica Oosthuizen     5th April 2019 With Namibia tipped to become the world’s third-largest uranium producer by 2020, the recent scrapping of a 25% black-ownership clause will boost investor sentiment, says analysis and consultancy company Fitch Solutions commodities analyst Sabrin Chowdhury. The country is currently the world’s... 

Namibia expected to become third-largest uranium producer by 2020
HUSAB MINE The Husab uranium mine is expected to ramp up to near-full operational capacity by the end of this year

Canada project positioned to balance global supply

By: Jessica Oosthuizen     5th April 2019 Uranium developer NexGen Energy’s Arrow uranium project, in Saskatchewan, Canada, is uniquely positioned to rebalance global supply back to more geopolitically sustainable levels, says NexGen Energy corporate development VP Travis McPherson. He tells Mining Weekly that Arrow will be the world’s... 

Canada project positioned to balance global supply
TRAVIS MCPHERSON There is enough in terms of resources to position Arrow to generate nearly C$1-billion of free cash flow yearly

Thor announces two Australian acquisitions

By: Creamer Media Reporter      27th March 2019 Dual-listed Thor Mining has acquired two Australian private companies, adding gold and uranium to its portfolio in that country, which already includes the Molyhill tungsten/molybdenum and Kapunda copper projects. Thor will acquire Pilbara Goldfields (PGL) and Hamersley Metals (HML), which... 

Updated study cuts Wiluna’s projected costs

By: Esmarie Iannucci     7th March 2019 An updated scoping study for the Wiluna uranium project, in Western Australia, has reduced the potential capital cost from A$91.6-million to A$87.9-million. Projected operating costs have also been reduced from A$16.08/lb of uranium dioxide (U3O8), to A$14.59/lb. 

Kazatomprom expects revenue to grow this year

By: Reuters     6th March 2019 Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112% jump in 2018 adjusted net profit on higher sales volumes and prices. London-listed Kazatomprom's net income adjusted for one-off transactions stood at... 

Paladin approves restart PFS in Namibia  

By: Esmarie Iannucci     26th February 2019 The board of ASX-listed Paladin Energy has approved a prefeasibility study (PFS) probing the restart of its Langer Heinrich mine, in Namibia, after a concept study identified a number of options to reduce operating costs, improve uranium process reliability, and to potentially recover a saleable... 

Honeymoon resources soar

By: Esmarie Iannucci     26th February 2019 Uranium hopeful Boss Resources has reported a 149% increase in the measured and indicated mineral resource estimate at its Honeymoon restart area, in South Australia. Measured and indicated resources at estimated at 27-million pounds of uranium oxide (U3O8), with the overall resource estimate... 

Namibian uranium industry prepares for uptick

By: Mc'Kyla Nortje     22nd February 2019 Amid a depressed market and low uranium prices, the Namibian uranium industry is streamlining operations through process optimisation and undertaking additional exploration, to overcome these challenges and be prepared for when the market improves, says Namibian Uranium Institute (NUI) executive... 

Namibian uranium industry  prepares for uptick
AWAITING BETTER DAYS Any development during 2019 depends entirely on and how quickly the uranium price continues its upward trend.

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Uranium market improvements not enough to warrant new supply – Cameco

By: Mariaan Webb     11th February 2019 Canada’s largest uranium miner, Cameco, has cautioned against investing in new uranium mines, saying that “even the promise” of new supply could create a headwind and put downward pressure on uranium prices. The Saskatoon-headquartered company, which last year idled its McArthur River/Key Lake... 

Uranium market improvements not enough to warrant new supply – Cameco

Era faces higher closure/rehab costs for Ranger

By: Esmarie Iannucci     8th February 2019 Uranium miner Energy Resources of Australia (Era) has completed a feasibility study for the closure of its Ranger project, in the Northern Territory. The closure and rehabilitation feasibility study has increased the rehabilitation provision from the A$526-million estimated at the end of 2017,... 

Era faces higher closure/rehab costs for Ranger

Aura signs offtake for Tiris

By: Esmarie Iannucci     29th January 2019 Uranium developer Aura Energy has struck an offtake agreement for 800 000 lb of uranium oxide (U3O8) from its Tiris uranium project, in Mauritania. The agreement with Curzon Uranium Trading will run for a period of seven years, at fixed prices, from the start of production and extendable... 

Paladin continues uranium sales

By: Esmarie Iannucci     17th January 2019 ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in... 

Berkeley shares surge on media reports

By: Esmarie Iannucci     11th January 2019 The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved. The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official... 

Berkeley shares surge on media reports

C$10.3m approved to advance of Wheeler River uranium project

By: Mariaan Webb     18th December 2018 Spurred on by the positive results of its prefeasibility study (PFS) for the Wheeler River project, Canadian uranium company Denison Mines on Tuesday announced that C$10.3-million would be spent on advancing the Athabasca basin project in 2019. The budget, approved by the Wheeler River joint... 

Global uranium supply sufficient to meet future demand – NEA 

By: Marleny Arnoldi     14th December 2018 Intergovernmental agency, the Nuclear Energy Association (NEA), says the world’s supply of uranium is more than adequate to meet projected requirements for the foreseeable future, regardless of the role that nuclear energy will play in meeting future electricity demand and global climate... 

Global uranium supply sufficient to meet future demand – NEA
Cameco's Inkai mine in Kazakhstan

Westwater seeks arbitration over Turkey licences

By: Mariaan Webb     13th December 2018 Nasdaq-listed Westwater Resources said on Thursday that it would seek international arbitration over what it alleged was the illegal taking of its Temrezle and Sefaalti uranium projects by the Turkish government in June this year. Westwater has sought to open a dialogue with the government, but... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Kazatomprom says it has not initiated KASE listing

By: Reuters     12th December 2018 Kazakh uranium miner Kazatomprom has not initiated the admission of shares to the Kazakh Stock Exchange, the company said on Wednesday. The exchange said this week it has opened trading in Kazatomprom shares which had initially been listed on another Kazakh bourse, the Astana International... 

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