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Uranium News

Rare earth, uranium miners benefit from EV mania and dash of ESG

By: Bloomberg     4th March 2021 Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes. Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare earth producers have also started to... 

Namibia moves to curb mining speculators, boost local ownership

By: Reuters     3rd March 2021 Diamond and uranium producer Namibia said on Wednesday that locals who own mineral exploration licences will no longer be able to sell out to foreigners, in a move aimed at curtailing speculation in the sector. Mines and Energy Minister Tom Alweendo told Reuters that effective April 1, Namibian... 

Uranium poised for growth in 2021

By: Marleny Arnoldi     25th February 2021 Potential further suspensions in the operations of uranium mines this year as a result of second or even third waves of Covid-19 infections could drive the uranium price higher. During a webinar hosted by Africa Mining Forum on February 25, Canada-listed GoviEx Uranium CEO Daniel Major said... 

Uranium poised for growth in 2021

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lotus raises cash, increases stake in Kayelekera

By: Esmarie Iannucci     24th February 2021 ASX-listed Lotus Energy will raise A$12.5-million through a share placement to fund work at the Kayelekera uranium project, in Malawi, and to fund exploration studies. The uranium developer on Wednesday reported that it had received firm commitments for the placement of 100-million shares, at a... 

Deep Yellow completes fund raising

By: Esmarie Iannucci     24th February 2021 Uranium hopeful Deep Yellow has completed it’s A$40.8-million capital raise, and has issued more than 62.7-million shares to institutional, sophisticated and professional investors. “It is worth repeating that this highly successful fund raising has put the company in a strong financial position... 

Canadian uranium miner resolves 13-year long tax dispute

By: Creamer Media Reporter      19th February 2021 The Supreme Court of Appeal has dismissed the Canada Revenue Agency’s (CRA’s) appeal request, handing win for uranium miner Cameco in its long-running tax dispute with the agency. The dismissal means that the dispute for the 2003, 2005 and 2006 tax years is fully resolved in Cameco’s favour.... 

Canadian uranium miner resolves 13-year long tax dispute
Cameco CEO Tim Gitzel

Namibia suspends new mining right applications

By: Mc'Kyla Nortje     19th February 2021 The Namibian Ministry of Mines and Energy (MME) will not consider or process new applications for mineral rights from November 18, 2020, to August 17, 2021,  the ministry said in a statement last year.   The reason is to enable the ministry to review requirements and procedures for right... 

Namibia suspends new mining right applications
BRYAN WHITE Mining industry will grapple with the Covid-19 measures for some time, and notes that they have largely been normalised as part of mines’ work processes

Uranium industry awaits price increase

By: Mc'Kyla Nortje     19th February 2021 Despite the prolonged period of low uranium prices, wrought by the Fukushima tsunami and the subsequent oversupply caused by the shutdowns of nuclear power plants, the Namibian uranium sector, unlike those in other countries, has not stagnated, states Namibian Uranium Institute executive director... 

Uranium industry awaits price increase
SAFETY FIRST Radiation Safety Working Group inspecting final product transport at the Husab Mine

Updated Madaouela PFS indicates reduced opex, capex

By: Tasneem Bulbulia     18th February 2021 Dual-listed GoviEx Uranium says the results of an updated prefeasibility study (PFS) achieves key objectives set by the company to advance the Madaouela uranium project, in Niger, towards project financing and development.    The updated PFS is based on openpit mining in the early years, with... 

Deep Yellow eyes Namibian growth

By: Esmarie Iannucci     18th February 2021 Uranium explorer Deep Yellow will raise A$40.8-million in a share placement to fund work on its Tumas project, in Namibia, and to advance targeted merger and acquisition opportunities. The company told shareholders that it received firm commitments from institutional, sophisticated and... 

Association commits to supporting diversity, inclusion

By: Mamaili Mamaila     12th February 2021 In December, the national organisation for the Canadian mining industry, the Mining Association of Canada (MAC) and its members, which include 45 of Canada’s leading mining companies, released a statement denouncing all forms of discrimination, racism and sexism, and committed to eliminating such... 

Association commits to supporting diversity, inclusion
PIERRE GRATTON It is clear our industry has much more to do to eliminate racism, discrimination and sexism in all its forms

Cameco CEO says uranium supply outlook shaky

By: Mariaan Webb     11th February 2021 The CEO of uranium major Cameco has again questioned where uranium will come from to fuel the world’s expanding nuclear fleet, stating that the supply and demand gap will continue to widen in the next decade. Citing estimates by UxC, Tim Gitzel said on Wednesday that the uranium market faces a... 

Cameco CEO says uranium supply outlook shaky
Cigar Lake remains suspended.

Toro to scope out vanadium potential at Wiluna

By: Esmarie Iannucci     11th February 2021 ASX-listed Toro Energy on Thursday told shareholders that it would be undertaking further studies at its Wiluna uranium project, in Western Australia, to both evaluate and improve the project value. Toro earlier this week revealed the potential to recover vanadium as a by-product of processing... 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Havilah pursues uranium options

By: Esmarie Iannucci     3rd February 2021 Junior Havilah Resources has signed a binding memorandum of understanding (MoU) to explore and potentially develop its uranium interest in unlisted Aroha Resources, on the condition that that company lists on the ASX. Conditional on Aroha listing on the ASX through an initial public offering... 

Cameco ups interest in laser enrichment technology firm

By: Mariaan Webb     2nd February 2021 Canadian uranium firm Cameco’s interest in a partnership developing third generation uranium enrichment technology has climbed to 49% with an option to attain a majority interest of up to 75%. Previously, the company had a 24% stake in Global Laser Enrichment (GLE), which is the exclusive... 

Cameco ups interest in laser enrichment technology firm
Cameco CEO Tim Gitzel

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kazatomprom issues 2021 guidance as it monitors Covid outbreak at sites

By: Mariaan Webb     1st February 2021 The world’s largest uranium producer, Kazatomprom, on Monday issued a guidance for 2021 that is in line with its market-centric strategy to flex down production volumes by 20% between 2018 and 2022. The company expects output to be 22 500 t to 22 800 t in 2021, on a 100% basis, compared with the... 

Global Atomic aims to begin earthworks for Niger mine next year

By: Creamer Media Reporter      1st February 2021 Niger has issued Global Atomic its environmental compliance certificate for the Dasa project and has renewed six exploration permits, the Toronto-listed uranium project developer announced on Friday. The company now has all government approvals to advance the development of the Dasa project... 

Denison reports high-grade uranium discovery near Phoenix

By: Creamer Media Reporter      29th January 2021 Canadian firm Denison Mines has announced the discovery of high-grade uranium mineralisation, which could be a satellite deposit for its Phoenix in-situ recovery operation that is currently advancing through the environmental assessment process. The second last drill hole of the 2020 regional... 

Katco JV has 128 positive Covid-19 cases

By: Creamer Media Reporter      25th January 2021 The Katco joint venture (JV) between Kazatomprom and Orano Mining has suspended noncore site activities in Kazakhstan, after 128 people tested positive for Covid-19. In a statement on Friday, Kazatomprom said Katco’s sites had been placed under quarantine on orders of health authorities.... 

GoviEx raises C$8m in private placement

By: Marleny Arnoldi     22nd January 2021 TSX-V-listed GoviEx Uranium has completed a nonbrokered private placement of 32-million shares at a price of C$0.25 apiece for gross proceeds of C$8-million. Each share also comprises a transferable share purchase warrant, which entitles the holder to acquire an additional share at a price of... 

Japan and the UK partnering on robotics for use in nuclear facilities

By: Rebecca Campbell     21st January 2021 Japan and the UK are partnering to develop and deploy new automation and robotics techniques for use in both the decommissioning of nuclear plants and the development of nuclear fusion energy. The project, designated LongOps, will receive £12-million in funding and will run for four years. The... 

Peninsula starts US share trading

By: Esmarie Iannucci     15th January 2021 Uranium miner Peninsula Energy has opened its share base to North American traders with a listing on the US over the counter (OTC) Pink Market. The ASX-listed company said on Friday that it would pursue upgrade its OTC market tier to the OTCQB Venture Market.  

Trump moves to loosen mining regulations, approve projects as he exits

By: Reuters     8th January 2021 Outgoing US President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of... 

Trump moves to loosen mining regulations, approve projects as he exits
Donald Trump

End of an era for Era

By: Esmarie Iannucci     8th January 2021 Uranium miner Energy Resources of Australia (Era) will cease ore processing at its Ranger uranium mine on Friday, in line with it the conclusion of its Ranger Authority, while plans for the Ranger 3 Deeps operation have been shelved indefinitely. The miner told shareholders that there was... 

End of an era for Era

Iran says it’s started process of producing 20% enriched uranium

By: Bloomberg     4th January 2021 Iran said it’s restarted the process of producing 20% enriched uranium following an order issued by President Hassan Rouhani, the semi-official Mehr News Agency reported, citing the government’s spokesman. Ali Rabiei said work had started earlier on Monday morning and the first batch of uranium... 

Unplanned shut of Koeberg Unit 1 affects installation of new steam generators, raises load-shedding spectre

By: Terence Creamer     4th January 2021 Electricity utility Eskom reported on Monday that Koeberg Unit 1 would be taken offline for repairs one month ahead of scheduled maintenance after an increasing leak rate was detected from one of the unit’s three steam generators. Eskom said in a statement that the leak rate was “well within the... 

Unplanned shut of Koeberg Unit 1 affects installation of new steam generators, raises load-shedding spectre

Cigar Lake uranium mine idled as Covid-19 risks increase

By: Mariaan Webb     14th December 2020 Canadian uranium major Cameco on Monday announced that it would temporarily suspend production at its Cigar Lake uranium mine over the coming weeks, citing increased risks posed by the Covid-19 pandemic. With Covid-19 cases rising in Saskatchewan, the company is having difficulty in accessing... 

Cigar Lake uranium mine idled as Covid-19 risks increase

Energy Fuels to enter commercial REE business in Q1

By: Mariaan Webb     14th December 2020 US-based Energy Fuels is set to become a rare earth producer in the first quarter of 2021, announcing on Monday that it had entered into a supply agreement to process monazite at its White Mesa mill, in Utah. The company signed a three-year supply deal with the Chemours Company to acquire 2 500... 

Energy Fuels to enter commercial REE business in Q1
The White Mesa mill, in Utah

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Trump taps loan programme he tried to 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... 

Trump taps loan programme he tried to kill to help mineral mining
US President Donald Trump

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.
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