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Uranium News

Trump taps loan programme he tried kill to help mineral mining

By: Bloomberg     1st December 2020 The Trump administration is tapping an Energy Department clean-energy loan program it tried to kill to help uranium producers, as well as miners of other minerals deemed critical by the administration. The Energy Department announced Tuesday that it will issue guidance giving preference to... 

Positive Covid case at Cigar Lake – Cameco

By: Creamer Media Reporter      30th November 2020 Uranium miner Cameco has reported a positive case of Covid-19 at its Cigar Lake mine, but the company says that the operation in northern Saskatchewan is continuing to operate safely. The individual has been in isolation since November 22. Cameco says it is working with the Northern Population... 

Kazatomprom posts 138% jump in third-quarter profit

By: Reuters     27th November 2020 The world's biggest uranium miner Kazatomprom on Friday posted a 138% jump in third-quarter profit on the back of soaring sales and higher prices. Kazatomprom's profit rose to 90.675-billion tenge ($214-million) from 38.026 billion tenge a year earlier. The company this month said that quarterly... 

GoviEx completes metallurgical testwork at Madaouela

By: Tasneem Bulbulia     25th November 2020 Mineral resource company GoviEx Uranium expects to release details of a final process design flowsheet for its Madaouela uranium project, in Niger. Over the past year, the company’s technical team, together with its feasibility study consultants, SRK Consulting and SGS Bateman, have been focused... 

Marenica raises A$5.4m

By: Esmarie Iannucci     25th November 2020 Uranium hopeful Marenica Energy is hoping to raise A$5.4-million through a share placement and share purchase plan (SPP) to fund exploration work on its tenements in Namibia and Australia. The junior on Wednesday said that it would place more than 29.5-million shares, at a price of 8.8c each in... 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination 

By: Terence Creamer     23rd November 2020 The National Energy Regulator of South Africa (Nersa) has given stakeholders until February 5 to comment on a Section 34 determination received from Minerals Resources and Energy Minister Gwede Mantashe for the procurement of new nuclear capacity post-2030. The draft determination delivered to... 

Nersa sets Feb 5 deadline for written comment on proposed nuclear determination

Fission starts Triple R feasibility study following $17m financing

By: Mariaan Webb     20th November 2020 Canada-based resources company Fission is transitioning from an explorer to a developer, with the company entering the environmental assessment phase and starting work on a feasibility study for its high-grade Triple R uranium deposit, in the Athabasca basin The company has recently strengthened... 

Britain to ban new petrol cars and vans by 2030 on road to net zero emissions

By: Reuters     18th November 2020 Britain will move up a ban on new petrol and diesel cars and vans to 2030 and is eyeing 250 000 new jobs as part of a green industrial revolution, Prime Minister Boris Johnson said as he tries to meet Britain's net zero emissions climate target. Johnson is seeking to show his government is on... 

Denison selects ISR mining for renamed Tthe Heldeth Túé deposit

By: Mariaan Webb     17th November 2020 The selection of the in-situ recovery (ISR) mining method at the Tthe Heldeth Túé (THT) deposit, formerly named J Zone, at the Waterbury Lake property has transformed expectations for the project, generating robust preliminary financial results with comparatively modest upfront capital. TSX-... 

Denison selects ISR mining for renamed Tthe Heldeth Túé deposit

Brazil to export uranium, cut fertiliser buying if mine proceeds

By: Bloomberg     17th November 2020 A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertiliser import needs if it proceeds. Latin America’s largest economy, which currently imports uranium for its nuclear plants and ships in most of its fertiliser needs,... 

US uranium reserve one step closer

By: Mariaan Webb     12th November 2020 The US is one step closer to funding and implementing the US uranium reserve, which is aimed at stimulating growth in the domestic uranium mining industry. The Senate Committee on Appropriations on Wednesday released drafts of 2021 funding measures and subcommittee allocations that include... 

US uranium reserve one step closer

Denison restarts EA process for Wheeler River

By: Creamer Media Reporter      9th November 2020 The environmental assessment (EA) process for the Wheeler River uranium project, in the Athabasca basin, northern Saskatchewan, will resume in January, dual-listed Denison Mines announced on Monday. The resumption will mark the end of the temporary suspension announced in March, amid the social... 

Denison restarts EA process for Wheeler River

How Biden’s win affects commodities hit by trade wars, tariffs

By: Bloomberg     9th November 2020 It’s been a tumultuous four years for US commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global... 

How Biden’s win affects commodities hit by trade wars, tariffs

Cameco ‘very bullish’ on uranium market

By: Mariaan Webb     5th November 2020 Canadian uranium major Cameco remains “very bullish” on the uranium market, citing the role of nuclear power in a global move towards electrification and decarbonisation. CEO Tim Gitzel said on Wednesday that China would require an estimated quadrupling of nuclear power capacity to meet its goal... 

Cameco ‘very bullish’ on uranium market

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind  

By: Martin Creamer     4th November 2020 New mid-tier gold aspirant Shallow Reefs Gold is in the process of being built in South Africa to mine the shallow reefs of South Africa’s historic Witwatersrand Gold Basin. Shallow Reefs Gold has former Mineral Resources Minister Susan Shabangu and former Exxaro chairperson Sipho Nkosi on board... 

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind
Shallow Reefs Gold covered by Mining Weekly’s Martin Creamer at Junior Indaba. Video: Darlene Creamer.

Energy Fuels produces REE concentrate at White Mesa 

By: Mariaan Webb     4th November 2020 Uranium miner Energy Fuels on Tuesday announced a “major” milestone in US rare earth element (REE) production, with the company successfully producing REE concentrate at it White Mesa mill, near Blanding, Utah. The REE concentrate was produced using existing infrastructure and technologies at... 

Energy Fuels produces REE concentrate at White Mesa
The White Mesa mill, in Utah

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Flow-through must not only incentivise exploration but also market participation – Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

CRA’s actions ‘cast chill’ over Canadian firms competing on world stage – Cameco CEO

By: Mariaan Webb     2nd November 2020 Uranium miner Cameco CEO Tim Gitzel has slammed Canada Revenue Agency’s (CRA’s) decision to seek leave from the Supreme Court to appeal a lower court ruling in the tax dispute between the parties, arguing that the agency’s actions “cast a chill” over Canadian companies trying to compete on the... 

CRA’s actions ‘cast chill’ over Canadian firms competing on world stage – Cameco CEO
Cameco CEO Tim Gitzel

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Paladin cuts Namibian spend

By: Esmarie Iannucci     27th October 2020 Uranium hopeful Paladin Energy on Tuesday announced that capital expenditure (capex) at its Langer Heinrich mine, in Namibia, is expected to reach $9.5-million in 2021. The planned capex for the 2021 financial year was down by 44% on the funds spent in the 2020 financial year, as Paladin moved to... 

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Kayelekera restart to cost $50m

By: Esmarie Iannucci     20th October 2020 A scoping study into restarting the Kayelekera uranium project, in Malawi, has confirmed that the project could be one of the first to restart production in order to meet impending uranium supply shortfall. ASX-listed Lotus Resources told shareholders that the scoping study estimated that the... 

Kayelekera restart to cost $50m

Cameco moves to reset debt maturity profile

By: Creamer Media Reporter      19th October 2020 Uranium miner Cameco is taking advantage of the favourable debt capital markets to reset its maturity profile of long-term debt, announcing a private placement of senior unsecured debentures consisting of $400-million of 2.95% senior unsecured debentures, Series H maturing on October 21, 2027.... 

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Mining committed to doing all it takes to improve worker health – Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande 

By: Martin Creamer     15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... 

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande
Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Denison increases bought deal to $17.4m

By: Creamer Media Reporter      9th October 2020 Uranium project developer Denison Mines has increased the size of its bought deal offering to 47-million shares, for aggregate proceeds of $17.4-million. The company previously planned to raise $10-million through a 27.03-million-share offering at $0.37 a share. The underwriters and joint book... 

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Mining majors must convince investors of need to replace value – Sir Mick Davis
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Exploration strategy in three months, hydrogen under scrutiny – DMRE
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Flow-through must form part of overall exploration strategy – Minerals Council
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

Uranium miner Energy Fuels becomes debt-free

By: Mariaan Webb     7th October 2020 US uranium producer Energy Fuels on Tuesday became debt-free, which president and CEO Mark Chalmers said distinguished the company not only from many of its peers in the uranium and natural resources sector, but also from many public companies in general. The NYSE American- and TSX-listed Energy... 

Agreement finalised to reduce US reliance on uranium from Russia

By: Mariaan Webb     7th October 2020 The governments of the US and Russia have finalised a deal extending the limits of uranium imports from Russia for another 20 years, a move which US Secretary of Commerce Wilbur Ross says will help revitalise the domestic nuclear industry. The final amendment to the agreement suspending the... 

Agreement finalised to reduce US reliance on uranium from Russia
US Secretary of Commerce Wilbur Ross

Energy Fuels sees Trump order as sign of 'tangible support' for uranium miners

By: Mariaan Webb     2nd October 2020 US uranium and vanadium producer Energy Fuels has applauded President Donald Trump’s executive order declaring an emergency in the mining industry, describing it as a “major step” towards providing tangible support for producers and processors of critical minerals. The order directs the Interior... 

Boss raises A$15m for Honeymoon work

By: Esmarie Iannucci     1st October 2020 Uranium developer Boss Resources will raise A$15-million in a share placement to fund ongoing technical process optimisation studies and exploration at the Honeymoon project, in South Australia. The single tranche share placement will consist of some 225-million shares, priced at 6.7c a share,... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future 

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future
Photo by Creamer Media
Sandvik global product line manager automation David Hallett

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Carbide recycling can create jobs for mine communities – Sandvik
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Superior Lake working on US uranium strategy

By: Mariaan Webb     22nd September 2020 Perth-based Superior Lake Resources said on Tuesday that it was working on a US uranium strategy, announcing that the exclusivity period on assets held by Premier Uranium in Wyoming and Utah had been extended. Superior in June announced a three-month exclusive option to conduct due diligence on... 

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