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Uranium News

Great opportunity to lock in higher gold price for future – Harmony  

By: Martin Creamer     16th September 2020 The current gold price presents a great opportunity to lock in the higher price for the future, says Harmony Gold FD Boipelo Lekubo, against the backdrop of Harmony’s hedging programme realising gains of R2.2-billion since its inception, but the recent dollar and rand gold prices also negatively... 

Mponeng integration presenting ‘wonderful opportunities’ – Harmony Gold  

By: Martin Creamer     15th September 2020 The integration of Mponeng underground gold mine and Mine Waste Solutions surface gold recovery operation into Harmony Gold was presenting “wonderful opportunities” in the West Wits area, Harmony CEO Peter Steenkamp said on Tuesday. Harmony, which will be on site at Mponeng and Mine Waste... 

Mponeng integration presenting ‘wonderful opportunities’ – Harmony Gold
Harmony Gold presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

US seeks to lower Russian uranium imports to boost US nuclear industry

By: Reuters     15th September 2020 The US Commerce Department on Monday inked a draft agreement with Russia's state nuclear energy company to reduce imports of uranium from Russia over the next 20 years in a bid to boost domestic mining and nuclear energy. The Commerce Department and Rosatom initialed the draft amendment to the... 

US seeks to lower Russian uranium imports to boost US nuclear industry

Thor completes American Vanadium buy

By: Esmarie Iannucci     10th September 2020 Aim- and ASX-listed Thor Mining has completed the acquisition of privately held American Vanadium, which holds interests in uranium and vanadium projects in Colorado and Utah. Thor in June this year announced an option agreement to acquire American Vanadium consideration comprises an exclusivity... 

Fission Uranium appoints geologist McElroy as CEO

By: Creamer Media Reporter      8th September 2020 Canadian junior Fission Uranium has promoted chief geologist Ross McElroy to the position of CEO, succeeding Devinder Randhawa, who is retiring from management and chairperson of the board. In a statement announcing the management change, McElroy says the company’s Triple R uranium deposit, in... 

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

South Africa’s green revolution gathering momentum
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Mulga Rock plans gets approved

By: Esmarie Iannucci     2nd September 2020 Uranium developer Vimy Resources has had its environmental management plans for its Mulga Rock project, in Western Australia, approved. “We are very pleased to have achieved approval for all the condition environmental management plans (CEMPs), a significant milestone for Vimy and the... 

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold  

By: Martin Creamer     1st September 2020 South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era... 

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold
DRDGold CEO Niël Pretorius talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Rhodium may turn out to be the metal of the decade – Northam
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.

Top miner Kazatomprom buys uranium as inventory under pressure

By: Reuters     28th August 2020 Kazatomprom , the world's No. 1 uranium miner, has started buying the metal on the spot market and may purchase more this year to replenish its stock after the coronavirus pandemic upended the global market, it said on Thursday. Supply disruptions have accelerated the rebalancing of the nuclear... 

Top miner Kazatomprom buys uranium as inventory under pressure

Master Drilling aligning with opencast mines going underground in changing world  

By: Martin Creamer     26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... 

Master Drilling aligning with opencast mines going underground in changing world
Master Drilling technology director Koos Jordaan’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Economics improved at Mulga Rock

By: Esmarie Iannucci     26th August 2020 An updated definitive feasibility study (DFS) on the Mulga Rock uranium project, in Western Australia, has improved the project economics. ASX-listed Vimy Resources said that the projected net present value has increased by 14% on the original DFS, to $393-million, while the internal rate of... 

Grand Canyon will not be mined, says Uranium Producers of America

By: Creamer Media Reporter      21st August 2020 The Uranium Producers of America has denied news reports that imply that the Grand Canyon National Park will be opened up for uranium mining, labelling such articles as disinformation. The Obama administration in 2012 banned new uranium mining claims around the Grand Canyon National Park for the... 

Grand Canyon will not be mined, says Uranium Producers of America
The Grand Canyon National Park

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

Kazatomprom to keep production curtailments

By: Mariaan Webb     19th August 2020 Uranium major Kazatomprom would continue flexing down production by 20% through 2022 to help the market recover from a “long period of oversupply”, CEO Galymzhan Primatov announced on Wednesday. “We are simply not seeing the market signals and fundamental support needed to ramp up mine... 

Kazatomprom to keep production curtailments

Berkeley one permit away from building uranium mine in Spain

By: Creamer Media Reporter      14th August 2020 Australia-listed Berkeley Energia is one permit away from starting full construction of the four-million-pound-a-year Salamanca uranium mine, in Spain. The company this week announced that the Municipality of Retortillo had granted its urbanism licence (UL), which is the land use permit needed... 

Awesome new proudly South African face mask kindling international interest   

By: Martin Creamer     13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

Awesome new proudly South African face mask kindling international interest
Hudaco CEO Graham Dunford and Hudaco’s executive consultant Mike Allnutt discuss the new Hudaco face mask innovation with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Peninsula advances work at Lance

By: Esmarie Iannucci     11th August 2020 Uranium developer Peninsula Energy will be ramping-up pre-development activities at its Lance project, in Wyoming. The company said on Tuesday that over the next 12 to 18 months, Peninsula would focus on key site-specific technical, process development and optimisation activities to prepare... 

Mine export values back but volumes need boosting – Minerals Council 

By: Martin Creamer     10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. 

Mine export values back but volumes need boosting – Minerals Council
Production and export volumes compared with export values.

GoviEx completes C$5m private placement to fund exploration

By: Simone Liedtke     7th August 2020 TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million. The net proceeds from the private placement will be used to fund continued exploration and development activities on three... 

GoviEx closes first tranche of nonbrokered private placement

By: Tasneem Bulbulia     6th August 2020 Dual-listed GoviEx Uranium has closed the first tranche of a fully subscribed nonbrokered private placement to raise gross proceeds of about C$5-million. “The [uranium oxide] spot price is up over 30% from the beginning of this year and we are delighted by the strong support received from our... 

Smaller Etango a go for Bannerman

By: Esmarie Iannucci     5th August 2020 A scoping study for the eight-million-tonne-a-year Etango uranium project, in Namibia, has shown that the project would have a mine life of some 14 years. Owner Bannerman Resources on Wednesday reported that the scoping study estimated a life-of-mine production of 51.5-million pounds of uranium... 

Kazatomprom workers returning to site, confirms spot market purchases

By: Mariaan Webb     3rd August 2020 Kazakhstan-based Kazatomprom is mobilising employees and expects to have its sites back to normal staff levels within two to three weeks. The world’s largest uranium producer said on Monday it believed it could safely begin to bring staff back to its mine sites, after a four-month... 

Kazatomprom workers returning to site, confirms spot market purchases

Energy Fuels optimistic about US uranium developments

By: Mariaan Webb     3rd August 2020 Uranium and rare earths elements (REE) company Energy Fuels CEO Mark Chalmers is optimistic that the proposed $1.5-billion to create a US uranium reserve will be funded and implemented, despite sometimes “slow and uneven” progress in the government. “Our allies in Congress and the Trump... 

Energy Fuels optimistic about US uranium developments
The White Mesa mill, in Utah.

Cameco to restart Cigar Lake in early September

By: Mariaan Webb     29th July 2020 Canadian uranium major Cameco on Wednesday announced the planned restart of the Cigar Lake mine, in northern Saskatchewan. The mine will resume operations at the beginning of September, having been placed on care and maintenance on March 23, owing to the Covid-19 pandemic. CEO Tim Gitzel said... 

Cameco to restart Cigar Lake in early September
Cameco will restart operations at Cigar Lake in September.

US moves to streamline uranium extraction rules in bid to boost mining

By: Reuters     24th July 2020 The Trump administration on Thursday moved to streamline water rules on uranium mining, in a move environmentalists said allows the Environmental Protection Agency to give up authority on regulating water pollution. EPA Administrator Andrew Wheeler signed an initial agreement, or memorandum of... 

US moves to streamline uranium extraction rules in bid to boost mining

‘Historic dumps’ do not appear to be MPRDA regulated – law firm 

By: Martin Creamer     20th July 2020 South Africa’s ‘historic dumps’­ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... 

‘Historic dumps’ do not appear to be MPRDA regulated – law firm
Herbert Smith Freehills Patrick Leyden and Aobakwe Mametse.

Global mining sharing knowledge in response to Covid-19  

By: Martin Creamer     14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... 

Global mining sharing knowledge in response to Covid-19
International Council on Mining and Metals CEO Tom Butler talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Positive reaction to ANC document’s encouragement of exploration  

By: Martin Creamer     14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... 

Positive reaction to ANC document’s encouragement of exploration
Photo by Creamer Media
Paul Miller...flashback to his period in coal exploration and development.

Peninsula buys uranium for sales contracts

By: Esmarie Iannucci     14th July 2020 ASX-listed Peninsula Energy has signed a binding purchase agreement with UG USA over 400 000 lb of uranium oxide for delivery in 2021. Peninsula currently has 450 000 lb of uranium oxide already committed for sale in 2021, with the company on Tuesday telling shareholders that the latest purchase... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur  

By: Martin Creamer     13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur  CEO Juan Luis Krueger said on Monday. Krueger was speaking during an  International Council on Mining and Metals (ICMM) online... 

Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
International Council on Mining and Metals virtual Covid event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investors in mining exploration should be incentivised – ANC’s ETC 

By: Martin Creamer     13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... 

Investors in mining exploration should be incentivised – ANC’s ETC
Photo by Creamer Media
ANC document says mining exploration should be incentivised.

Return of foreign mineworkers taking double planned time   

By: Martin Creamer     13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. 

Return of foreign mineworkers taking double planned time
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Maintenance costs cut at Kayelekera

By: Esmarie Iannucci     9th July 2020 ASX-listed Lotus Resources has reduced the care-and-maintenance cost at its recently acquired Kayelekera uranium project, in Malawi, by some 75%, as the company advances certain restart activities. Lotus on Thursday told shareholders that care and maintenance costs for the mine have been reduced... 

GoviEx to appeal termination of Chirundu mining licence

By: Tasneem Bulbulia     8th July 2020 Dual-listed GoviEx Uranium has received a letter from the Mining Cadastre Department of Zambia notifying the company that it had terminated the Chirundu mining licence.  Under the Zambian Mines and Minerals Development Act of 2015, GoviEx has been given 30 days to appeal this decision, which the... 

Era sees production fall in June quarter

By: Esmarie Iannucci     8th July 2020 Uranium miner Energy Resources of Australia (Era) has reported a 10% decline in uranium oxide production from its Ranger mine, in the Northern Territory, for the quarter ended June. Era on Wednesday reported that 377 t of uranium oxide was produced in the June quarter, down 10% on the previous... 

Baselode Energy acquires second uranium property in Athabasca region

By: Simone Liedtke     7th July 2020 Uranium exploration company Baselode Energy has acquired the Hook uranium property, in the Athabasca basin area of northern Saskatchewan, Canada, in line with its Athabasca 2.0 exploration thesis, which is set to target basement hosted uranium near surface deposits. Hook, which covers around 30... 

Kazatomprom delays production for another month

By: Mariaan Webb     7th July 2020 Uranium major Kazatomprom is delaying the resumption of higher production volumes by another month, saying that pandemic-related risks remain too high for a full return of production employees to its sites. The company in April reduced its uranium production volumes as it implemented physical... 

Kazatomprom delays production for another month
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