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Uranium News

Paladin reiterates confidence in Langer Heinrich mine

By: Tasneem Bulbulia     27th January 2022 ASX-listed Paladin Energy’s technical programmes to restart work at the Langer Heinrich mine, in Namibia, are now complete and have reinforced its confidence in the mine as a robust, competitive and long-life operation that is ready to rapidly restart production in the right uranium price... 

Aura advances towards net-zero emission uranium production at Tiris

By: Tasneem Bulbulia     27th January 2022 Aim-listed Aura Energy continues to advance towards net-zero emission uranium production at the Tiris uranium project, in Mauritania, with an initial study of Scope 1 and Scope 2 greenhouse-gas (GHG) emissions undertaken by consulting group Wood Group now complete, clearly defining a net-zero... 

B2Gold to buy out Forsys’ shareholding in Razorback

By: Darren Parker     26th January 2022 Gold miner B2Gold will increase its shareholding in gold mining subsidiary Razorback Gold Mining to 100% by exercising a call option. Under the call option, it will buy gold and uranium miner Forsys Metals’ 51% shareholding in Razorback, which holds the Ondundu exclusive prospecting licence (EPL)... 

New board advances uranium project with renewed vigour

By: Darren Parker     20th January 2022 A newly appointed board of directors is advancing Australian mineral resources company Aura Energy’s Tiris uranium project, in Mauritania, with gusto. The new board was appointed in December, with members strategically chosen to focus on production. In a statement on January 20, chairperson Phil... 

McClean Lake granted approval for tailings expansion

By: Mariaan Webb     20th January 2022 The McClean Lake operation has been given approval to expand its JEB tailings management facility, positioning the facility to serve as a regional milling centre for current and future projects in the eastern portion of the Athabasca basin for years to come. Following public hearings, the... 

An image of the McClean Lake mill
The McClean Lake mill

Early income bonanza for funded Witwatersrand gold mining reviver  

By: Martin Creamer     17th January 2022 West Wits Mining, the Australia-listed Witwatersrand gold reviver that is advancing fast on an initial A$9.5-million capital raise, is the beneficiary of an unexpected gold find that will result in income being generated considerably sooner than expected. From next month, West Wits Mining, headed... 

Picture supplied
West Wits MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer

Two killed in Niger uranium mine collapse, company says

By: Reuters     17th January 2022 Two people have died and two others were injured in a collapse at French nuclear group Orano's Cominak uranium mine in Niger, Cominak said in a statement on Sunday. The cause of Saturday's collapse was not clear but it occurred during "dismantling" of the mine, which officially stopped producing... 

Dr Will Goodall appointed acting CEO of Aura Energy

By: Tasneem Bulbulia     13th January 2022 Dual-listed Aura Energy has appointed Dr Will Goodall as acting CEO, to fulfil the roles and responsibilities of the previous CEO until the company appoints a board level MD and CEO during the first half of this year. Goodall will attend board meetings during this time and will continue to drive... 

Kazakh uranium major reports no production or sales disruptions

By: Mariaan Webb     13th January 2022 The anti-government protests that rocked Kazakhstan in recent days have not had a major impact on the overall business of the world’s top uranium producer and Kazatomprom said on Thursday that it had not experienced any delays or disruptions to production, deliveries, or sales plans. The... 

Kazakh uranium major reports no production or sales disruptions

Kazakh turmoil underlines need for regional diversification, says African uranium developer 

By: Mariaan Webb     13th January 2022 The recent civil unrest in Kazakhstan – the world’s biggest producer of uranium – underscores the need for increased regional diversification of supply, says Toronto-listed developer GoviEx Uranium, which owns projects in Niger, Zambia and Mali. In a letter to stakeholders, executive chairperson... 

Kazakh turmoil underlines need for regional diversification, says African uranium developer

Vimy appoints Tony Chamberlain as COO

By: Esmarie Iannucci     13th January 2022 ASX-listed Vimy Resources has appointed Tony Chamberlain as COO. Chamberlain first joined Vimy as an executive in 2014, where he successfully took the Mulga Rock uranium project, in Western Australia, from concept to a definitive feasibility study (DFS).  

Aura appoints acting CEO

By: Esmarie Iannucci     13th January 2022 ASX- and Aim-listed Aura Energy has appointed Dr Will Goodall as acting CEO as the company moves from a uranium explorer to a uranium producer. Aura in November of last year announced a board restructure, appointing Phil Mitchell as an independent non-executive chairperson, Warren Mundine as... 

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Red Lake Gold acquires Preston District uranium project

By: Tasneem Bulbulia     7th January 2022 Canadian Security Exchange-listed Red Lake Gold has entered into an arm’s-length agreement to acquire the Preston District uranium project, a large-scale uranium exploration project in Canada’s Athabasca Basin region. The basin is host to some of the world’s highest-grade uranium deposits and is... 

Cameco says it could resume North American uranium output if Kazakh turmoil affects supply

By: Reuters     7th January 2022 Cameco Corp said on Thursday it could resume production of roughly 24 million pounds of uranium annually in North America if needed by the global market due to the political turmoil in Kazakhstan. The company said in an emailed statement it was not clear how quickly it would take to resume the... 

Top uranium supplier says Kazakh unrest hasn’t hit output

By: Bloomberg     6th January 2022 The historic unrest sweeping Kazakhstan hasn’t affected uranium production at top supplier Kazatomprom, an executive for the company said, after the turmoil sparked a surge in prices for the nuclear fuel. Kazakhstan, which produces more than 40% of the world’s uranium, disrupted communications... 

Uranium oxide

Energy Fuels says could ramp uranium output if Kazakh supply dips

By: Reuters     6th January 2022 US-based Energy Fuels said on Thursday it could start producing 500 000 lb/y of uranium within six months if prices for the nuclear fuel rise due to the political unrest in Kazakhstan. Energy Fuels says its production could then ramp to 2.5-million pounds a year within 18 months if spot prices,... 

Ukraine announces plans to expand its uranium sector to boost energy self-sufficiency

By: Rebecca Campbell     6th January 2022 The government of Ukraine has approved a plan to expand the country’s uranium production. “The main purpose of this concept is to create conditions for increasing uranium production to fully meet the needs of domestic nuclear energy, as well as increase Ukraine’s energy independence,” explained... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Turmoil in uranium-rich Kazakhstan threatens to elevate prices

By: Bloomberg     6th January 2022 Uranium prices appear likely to rise as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. “If there’s any uncertainty over supply, even near-term changes, then the... 

Uranium

enCore Energy finalises Azarga takeover

By: Marleny Arnoldi     5th January 2022 TSX-V-listed enCore Energy has acquired all the outstanding shares of uranium development company Azarga Uranium Corporation on the basis of 0.375 common shares of Encore for each Azarga share. The deal consolidates an industry-leading pipeline of exploration and development-stage in-situ... 

How a less-than six-month-old fund shook the nuclear fuel market

By: Bloomberg     13th December 2021 Six months ago, the Sprott Physical Uranium Trust didn’t exist. Now it holds almost a third of the world’s annual supply – and it’s getting bigger. The fund’s arrival and explosive growth is sending waves through the market for nuclear fuels and has helped spur a 50% rally in uranium this year.... 

An image of uranium oxide

Global Atomic breaks ground early, targets yellowcake sales in early 2025

By: Mariaan Webb     13th December 2021 Canadian project developer Global Atomic has broken ground at its Dasa uranium project, in Niger, almost two months ahead of schedule. The board in November made a production decision to proceed with the Dasa project, after a feasibility study determined that the project was economically viable... 

An image showing road construction in Niger
Photo by Global Atomic
Road construction under way at Dasa, Niger

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

Creamer Media image.
IDC co-sponsored webinar covered by Mining Weekly.

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani   

By: Martin Creamer     2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
GlobeScan climate event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Toro reviews uranium portfolio

By: Esmarie Iannucci     30th November 2021 ASX-isted Toro Energy has announced a review to identify value opportunities across its Australian uranium portfolio. The company’s uranium portfolio includes some 90.9-milion pounds of contained uranium oxide (U3O8), with 62.7-million pounds contained within the Wiluna uranium project, in... 

Spain refuses Berkeley’s uranium plant

By: Creamer Media Reporter      29th November 2021 The share price of triple listed Berkeley Energia fell on Monday, as the company announced that Spain had formally rejected its application for a uranium concentrate plant at its Salamanca project. The announcement of the Ministry for Ecological Transition and the Demographic Challenge (MITECO)... 

Elevate Uranium raises A$11.5m

By: Esmarie Iannucci     26th November 2021 ASX-listed Elevate Uranium, previously known as Marenica Energy, will raise some A$11.5-million in a share placement to institutional, sophisticated and professional investors. The company on Friday said it had received firm commitments for the placement of more than 25.5-million shares, at a... 

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Aura appoints new board ahead of Tiris project’s advancement

By: Simone Liedtke     22nd November 2021 ASX-listed Aura Energy is now preparing for production at the low capital expenditure (capex), low operating cost Tiris uranium project, in Mauritania, where the company will implement strategic changes to focus on uranium and the high-growth demand for nuclear power. The proposed strategic... 

ERA struggles to pin down Ranger rehab costs

By: Esmarie Iannucci     19th November 2021 Uranium company Energy Resources of Australia (ERA) on Friday said it will appoint a global engineering company to assist in finalising cost and timing forecasts for the rehabilitation work of its Ranger project, in the Northern Territory. ERA in October warned of ‘material’ cost and schedule... 

Deep Yellow reveals failed play for Vimy

By: Esmarie Iannucci     19th November 2021 Uranium developer Deep Yellow on Friday revealed that an attempt at a merger with fellow-listed Vimy Resources, had been rebuffed. The ASX-listed company revealed that it had submitted a binding proposal to Vimy to acquire the company in a share trade, offering one fully paid Deep Yellow share... 

Global Atomic to break ground at Niger uranium mine in January

By: Mariaan Webb     18th November 2021 Uranium developer Global Atomic would move ahead with construction of its Dasa uranium project, in Niger, and would break ground in January, president and CEO Stephen Roman said this week, announcing the results of its feasibility study. The study confirmed that the Dasa project was economically... 

Vimy undertakes strategic review

By: Esmarie Iannucci     18th November 2021 Uranium junior Vimy Resources on Thursday announced that it would undertake a strategic review after receiving unsolicited approaches from a number of parties. The strategic review will assess opportunities to rapidly build organisational capacity and de-risk the execution of the Company’s... 

Hudson’s Greenland REE project unaffected by uranium ban

By: Mariaan Webb     16th November 2021 Canadian developer Hudson Resources said on Monday that new anti-uranium legislation in Greenland would not impact on its rare earth element (REE) project, which contained only low levels of uranium. The new legislation, passed on November 8, bans the development of mineral projects with a... 

Forsys launches strategic review of Namibia uranium project

By: Mariaan Webb     16th November 2021 Toronto- and New York-listed Forsys Metals has appointed advisers Bacchus Capital to conduct a strategic review of its Norasa uranium project, in Namibia, given the “misalignment of flat or declining supply, versus growing demand”. “The Norasa uranium project is one of the few post-DFS... 

Forsys launches strategic review of Namibia uranium project

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer
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