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Uranium News

Cameco awarded $40m in Tepco dispute

By: Creamer Media Reporter      15th July 2019 A tribunal of international arbitrators has ordered Japan’s Tokyo Electric Power Company (Tepco) to pay Canadian miner Cameco $40.3-million in damages, following the termination of a multibillion-dollar supply agreement in 2017. Saskatoon, Saskatchewan-based Cameco’s claim was for damages of... 

Uranium market activity seen returning to 'more normal' levels

By: Mariaan Webb     15th July 2019 London-listed uranium fund Yellow Cake said on Monday that activity in the uranium market should pick up in the near term, following US President Donald Trump’s decision at the weekend to steer clear from imposing import tariffs on uranium. The Section 232 investigation, which started early last... 

Canadian, Australian miners cheer Trump’s uranium import decision

By: Mariaan Webb     15th July 2019 US President Donald Trump’s decision to back away from implementing new trade restrictions on uranium imports into the US has won praise from Canadian and Australian producers, which argue that the uranium they supply is not a threat to US national security. Trump has rejected the recommendation... 

Canadian, Australian miners cheer Trump’s uranium import decision
US President Donald Trump

MCA welcomes US uranium decision

By: Esmarie Iannucci     15th July 2019 The Minerals Council of Australia has welcomed US President Donald Trump’s decision not to impose quotas on uranium imports, following an investigation by the US Department of Commerce into foreign imports of uranium. Trump rejected findings by the Commerce Secretary that foreign uranium posed... 

Expected demand brings airborne survey system back to Africa

By: Tracy Hancock     12th July 2019 There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of... 

Expected demand brings airborne survey system back to Africa
SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years

Namibia attractive landscape, says Canadian miner

By: Tracy Hancock     12th July 2019 Besides the significant lure of Namibia’s mineral-rich geology, the country’s various attributes make it a more attractive investment destination for exploration and development companies than other mining jurisdictions, says Canadian strategic minerals-focused company Broadway Gold Mining... 

Namibia attractive landscape, says Canadian miner
BUILDING PORTFOLIO Broadway Gold Mining has boosted its portfolio, previously consisting only of its Madison copper/gold project in the US, with its Namibian copper/vanadium acquisition

Berkeley opens new office, hunts for new CEO

By: Esmarie Iannucci     11th July 2019 Uranium developer Berkeley Energia has announced the resignation of its MD and CEO Paul Atherley, who has been at the helm since 2015. Atherley’s replacement would likely be a Spanish National, the company said on Thursday, revealing plans to establish a head office in Madrid. 

Berkeley opens new office, hunts for new CEO
Photo by Berkeley Energia
Paul Atherley has resigned as MD and CEO of Berkeley Energia.

Trump warns Iran after Rouhani threat to enrich more uranium

By: Bloomberg     3rd July 2019 President Donald Trump warned Iran Wednesday against stepping up uranium enrichment, the latest escalation of the conflict over the Islamic Republic’s nuclear program that has plunged the Gulf into renewed uncertainty. “Rouhani says that they will Enrich Uranium to ‘any amount we want’ if there... 

Mkango terminates earn-in deal, extends Thambani exploration

By: Nadine James     1st July 2019 Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi. Thambani is one of Mkango’s three exclusive prospecting licences in Malawi and features multiple zones of... 

Indicator paste takes care of nuts and bolts in mining

By: Jessica Oosthuizen     28th June 2019 There is significant interest from the local mining community in bearings and accessories distributor Bearings International’s (BI’s) Dykem cross-check torque seal, and company sales at BI branches in mining areas are increasing monthly, says BI offer marketing manager Victor Strobel. The... 

Indicator paste  takes care of nuts  and bolts in mining
VICTOR STROBEL It is essential to be on the lookout for loose bolts and nuts when servicing equipment or carrying out routine maintenance to prioritise safety and reduce downtime

Blyvoor to begin producing gold again from Q4 – Skeat 

By: Martin Creamer     27th June 2019 Gold mining is to resume at the old Blyvooruitzicht gold mine in the last quarter of this year, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point of moving ahead. We’ve got cash, we’ve got no debt, and the employees and... 

Blyvoor to begin producing gold again from Q4 – Skeat
Photo by Creamer Media's Dylan Slater
From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.

Paladin sells idled Malawi mine to Hylea

By: Esmarie Iannucci     24th June 2019 Uranium miner Paladin Energy has struck a deal with ASX-listed Hylea Metals to divest of its shareholding in the Kayelekera mine, in Malawi, for A$5-million. Paladin owns 65% of the Kayelekera project, joint venture partner Chichewa holds a 20% interest and the Malawi government a 15% stake. 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

Real-time data playing bigger maintenance role
Photo by Creamer Media
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements

Trump weighs limits on uranium imports after Commerce cites security risk

By: Bloomberg     20th June 2019 The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear... 

Virginia uranium-mining ban upheld by US Supreme Court

By: Bloomberg     17th June 2019 The US Supreme Court upheld a Virginia law that bans mining at the nation’s largest known uranium deposit, rejecting a challenge pressed by the owners of the property with help from the Trump administration. Voting 6-3, the justices said Virginia’s uranium-mining ban is in accord with a 1954... 

Virginia uranium-mining ban upheld by US Supreme Court

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

By: Nadine James     14th June 2019 TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande uranium/vanadium project (AGP), in Rio Negro, Argentina, expects to take advantage as uranium prices... 

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

Deep Yellow raises cash for uranium strategy

By: Esmarie Iannucci     11th June 2019 Uranium junior Deep Yellow has raised A$9-million through a share placement, which will be used to fund the company’s growth strategy. The company issued more than 29-million shares, at a price of 31c each, under its placement capacity. 

Shiva Uranium mine up for auction

By: Marleny Arnoldi     6th June 2019 The controversial Gupta-owned Shiva Uranium mine has been put up for auction by its business rescue practitioners. Shiva was placed under business rescue in February 2018, along with eight other Gupta-affiliated businesses.  

US uranium miners see boost from Commerce report

By: Reuters     6th June 2019 Two uranium mining companies said on Wednesday they are "confident" that US President Donald Trump will implement limits on uranium imports after the Commerce Department recommended urgent steps to boost domestic production of a list of 35 "critical minerals" that included the nuclear fuel. The... 

World’s top uranium producer is gloomy about nuclear power

By: Bloomberg     6th June 2019 Don’t expect an upswing in the global uranium market anytime soon. “In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, CEO of Kazatomprom, Kazakhstan’s State-owned mining company that’s the world’s biggest supplier. 

World’s top uranium producer is gloomy about nuclear power
Kazatomprom CEO Galymzhan Pirmatov

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Denison’s uranium project approved by authorities, communities

By: Marleny Arnoldi     3rd June 2019 The Canadian Safety Commission and the Saskatchewan Ministry of Environment have accepted the provincial technical proposal and federal project description submitted by TSX- and NYSE-listed Denison Mines for the in-situ recovery uranium mine and processing plant proposed for the company’s... 

Namibia says China can buy Rio's uranium stake if it respects laws

By: Reuters     29th May 2019 Namibia's Mines and Energy Minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws. Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's... 

Namibia says China can buy Rio's uranium stake if it respects laws

Joint development for Madaouela uranium project

By: Mamaili Mamaila     24th May 2019 Canadian mineral resources company GoviEx and the government of Niger have agreed on a framework to jointly develop GoviEx’s flagship Madaouela uranium project. The project is situated 9 km south-east of the mining town of Arlit, in the Agadez region. The Madaouela project tenement land surface... 

Joint development for Madaouela uranium project
GAINING TRACTION Uranium continues to offer value and gain traction in certain regions

Aura produces first uranium samples

By: Marleny Arnoldi     23rd May 2019 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... 

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