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Uranium News

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... 

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... 

ERA production slides during March quarter

By: Esmarie Iannucci     10th April 2019 Uranium miner Energy Resources of Australia (ERA) has reported a 14% drop in production during the three months to March, compared with the previous corresponding period. Uranium production during the first quarter reached 526 t, with ERA reporting a 9% decline in the tonnes of ore milled. 

Niger and GoviEx agree on uranium project development

By: Creamer Media Reporter      8th April 2019 Canadian junior GoviEx and the government of Niger have agreed on a framework to jointly develop the Madaouela uranium project, in terms of which the government will acquire an additional 10% working interest. The 10% stake in the uranium project is in addition to the government’s 10%... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

By: Reuters     5th April 2019 Berkeley Energia has appealed to Spain's Supreme Court against the nomination of new members to the country's nuclear safety council (CSN), which is due to assess the Australian company's uranium mine project near Salamanca. The court, in a document released on Thursday, said it had rejected a... 

Berkeley appeals to Spain's Supreme Court over nuclear watchdog nominees

Feasibility study in progress for uranium project

By: Jessica Oosthuizen     5th April 2019 A feasibility study is being carried out at Canadian uranium company GoviEx Uranium’s flagship Madaouela project, in Niger, and GoviEx CEO Daniel Major says construction could start at the end of the year. The study is being carried out by consulting engineering and science company SRK Consulting... 

Feasibility study in progress for uranium project
MADAOUELA PROJECT Construction and prestripping the mine will take two years, and the company expects to start commercial production in 2021

Uranium markets rebalancing

By: Jessica Oosthuizen     5th April 2019 Following the nuclear incident at Fukushima, in Japan, in 2011, there has been a global oversupply of uranium. However, markets now appear to be in the early stages of a rebalancing of supply, says US uranium miner and producer Energy Fuels president and CEO Mark Chalmers. He tells Mining Weekly... 

Uranium markets rebalancing
MARK CHALMERS Energy Fuels believes there is a good chance that some level of support will come from the administration to help rebuild the front-end of the nuclear fuel cycle in the US

Namibia expected to become third-largest uranium producer by 2020

By: Jessica Oosthuizen     5th April 2019 With Namibia tipped to become the world’s third-largest uranium producer by 2020, the recent scrapping of a 25% black-ownership clause will boost investor sentiment, says analysis and consultancy company Fitch Solutions commodities analyst Sabrin Chowdhury. The country is currently the world’s... 

Namibia expected to become third-largest uranium producer by 2020
HUSAB MINE The Husab uranium mine is expected to ramp up to near-full operational capacity by the end of this year

Canada project positioned to balance global supply

By: Jessica Oosthuizen     5th April 2019 Uranium developer NexGen Energy’s Arrow uranium project, in Saskatchewan, Canada, is uniquely positioned to rebalance global supply back to more geopolitically sustainable levels, says NexGen Energy corporate development VP Travis McPherson. He tells Mining Weekly that Arrow will be the world’s... 

Canada project positioned to balance global supply
TRAVIS MCPHERSON There is enough in terms of resources to position Arrow to generate nearly C$1-billion of free cash flow yearly

Thor announces two Australian acquisitions

By: Creamer Media Reporter      27th March 2019 Dual-listed Thor Mining has acquired two Australian private companies, adding gold and uranium to its portfolio in that country, which already includes the Molyhill tungsten/molybdenum and Kapunda copper projects. Thor will acquire Pilbara Goldfields (PGL) and Hamersley Metals (HML), which... 

Updated study cuts Wiluna’s projected costs

By: Esmarie Iannucci     7th March 2019 An updated scoping study for the Wiluna uranium project, in Western Australia, has reduced the potential capital cost from A$91.6-million to A$87.9-million. Projected operating costs have also been reduced from A$16.08/lb of uranium dioxide (U3O8), to A$14.59/lb. 

Kazatomprom expects revenue to grow this year

By: Reuters     6th March 2019 Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112% jump in 2018 adjusted net profit on higher sales volumes and prices. London-listed Kazatomprom's net income adjusted for one-off transactions stood at... 

Paladin approves restart PFS in Namibia  

By: Esmarie Iannucci     26th February 2019 The board of ASX-listed Paladin Energy has approved a prefeasibility study (PFS) probing the restart of its Langer Heinrich mine, in Namibia, after a concept study identified a number of options to reduce operating costs, improve uranium process reliability, and to potentially recover a saleable... 

Honeymoon resources soar

By: Esmarie Iannucci     26th February 2019 Uranium hopeful Boss Resources has reported a 149% increase in the measured and indicated mineral resource estimate at its Honeymoon restart area, in South Australia. Measured and indicated resources at estimated at 27-million pounds of uranium oxide (U3O8), with the overall resource estimate... 

Namibian uranium industry prepares for uptick

By: Mc'Kyla Nortje     22nd February 2019 Amid a depressed market and low uranium prices, the Namibian uranium industry is streamlining operations through process optimisation and undertaking additional exploration, to overcome these challenges and be prepared for when the market improves, says Namibian Uranium Institute (NUI) executive... 

Namibian uranium industry  prepares for uptick
AWAITING BETTER DAYS Any development during 2019 depends entirely on and how quickly the uranium price continues its upward trend.

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Uranium market improvements not enough to warrant new supply – Cameco

By: Mariaan Webb     11th February 2019 Canada’s largest uranium miner, Cameco, has cautioned against investing in new uranium mines, saying that “even the promise” of new supply could create a headwind and put downward pressure on uranium prices. The Saskatoon-headquartered company, which last year idled its McArthur River/Key Lake... 

Uranium market improvements not enough to warrant new supply – Cameco

Era faces higher closure/rehab costs for Ranger

By: Esmarie Iannucci     8th February 2019 Uranium miner Energy Resources of Australia (Era) has completed a feasibility study for the closure of its Ranger project, in the Northern Territory. The closure and rehabilitation feasibility study has increased the rehabilitation provision from the A$526-million estimated at the end of 2017,... 

Era faces higher closure/rehab costs for Ranger

Aura signs offtake for Tiris

By: Esmarie Iannucci     29th January 2019 Uranium developer Aura Energy has struck an offtake agreement for 800 000 lb of uranium oxide (U3O8) from its Tiris uranium project, in Mauritania. The agreement with Curzon Uranium Trading will run for a period of seven years, at fixed prices, from the start of production and extendable... 

Paladin continues uranium sales

By: Esmarie Iannucci     17th January 2019 ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in... 

Berkeley shares surge on media reports

By: Esmarie Iannucci     11th January 2019 The share price of junior Berkeley Energia jumped by more than 63% on Friday, following media reports that its Salamanca uranium project, in Spain, had been approved. The ASX- and LSE-listed company told shareholders that despite the Spanish media reports, the company had received no official... 

Berkeley shares surge on media reports

C$10.3m approved to advance of Wheeler River uranium project

By: Mariaan Webb     18th December 2018 Spurred on by the positive results of its prefeasibility study (PFS) for the Wheeler River project, Canadian uranium company Denison Mines on Tuesday announced that C$10.3-million would be spent on advancing the Athabasca basin project in 2019. The budget, approved by the Wheeler River joint... 

Global uranium supply sufficient to meet future demand – NEA 

By: Marleny Arnoldi     14th December 2018 Intergovernmental agency, the Nuclear Energy Association (NEA), says the world’s supply of uranium is more than adequate to meet projected requirements for the foreseeable future, regardless of the role that nuclear energy will play in meeting future electricity demand and global climate... 

Global uranium supply sufficient to meet future demand – NEA
Cameco's Inkai mine in Kazakhstan

Westwater seeks arbitration over Turkey licences

By: Mariaan Webb     13th December 2018 Nasdaq-listed Westwater Resources said on Thursday that it would seek international arbitration over what it alleged was the illegal taking of its Temrezle and Sefaalti uranium projects by the Turkish government in June this year. Westwater has sought to open a dialogue with the government, but... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Kazatomprom says it has not initiated KASE listing

By: Reuters     12th December 2018 Kazakh uranium miner Kazatomprom has not initiated the admission of shares to the Kazakh Stock Exchange, the company said on Wednesday. The exchange said this week it has opened trading in Kazatomprom shares which had initially been listed on another Kazakh bourse, the Astana International... 

CanAlaska and Cameco team up on West McArthur uranium project

By: Creamer Media Reporter      12th December 2018 Vancouver-based junior CanAlaska and uranium major Cameco have formed a joint venture (JV) on the West McArthur project, 6 km north-west of the McArthur River uranium mine. CanAlaska is the operator and 70% owner of the West McArthur JV, which is located in the Athabasca basin region, dubbed the... 

Paladin optimising Langer Heinrich for potential restart

By: Esmarie Iannucci     6th December 2018 ASX-listed Paladin Energy has launched optimisation studies at its Langer Heinrich uranium mine, in Namibia, in preparation for a restart decision. CEO Scott Sullivan told shareholders on Thursday that the company would consider multiple processing options for the mine in a prefeasibility study... 

Paladin optimising Langer Heinrich for potential restart

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Miners bear brunt of risk aversion as investors take fright

By: Reuters     5th December 2018 A two-year recovery in the mining industry has faltered, as trade tensions between China and the United States and concerns about economic growth weaken commodity prices and deter investment. Institutional investors and fund managers say tighter regulations, namely MiFID, a major reform of... 

Miners bear brunt of risk aversion as investors take fright

URU's Zebediela licence renewed

By: Creamer Media Reporter      4th December 2018 The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo. The right will expire on December 2, 2021. 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Congo begins audit of Glencore unit after cobalt exports halted  

By: Bloomberg     3rd December 2018 The Democratic Republic of Congo’s (DRC's) government began an audit into how radioactive cobalt produced by a Glencore unit left the country before an alarm was raised. The probe places a further strain on relations between the commodity trader and Congo’s government frayed earlier this year by... 

Saudi Arabia targets $64bn in mining revenue by 2030

By: Reuters     26th November 2018 Saudi Arabia aims to raise the kingdom's mining revenues to $64-billion from $17-billion by 2030, Energy Minister Khalid al-Falih said on Monday. Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from... 

Rio Tinto sells Namibia uranium mine to China’s CNUC 

By: Esmarie Iannucci     26th November 2018 Global diversified miner Rio Tinto has signed a binding agreement with China National Uranium Corporation (CNUC) to divest of its 68.62% stake in the Rössing uranium mine, in Namibia, for up to $106.5-million. Rio CEO Jean-Sebastian Jacques said on Monday that the transaction represented the... 

Rio Tinto sells Namibia uranium mine to China’s CNUC

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt
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