R/€ = 17.10 Change: 0.00
R/$ = 14.07 Change: -0.01
Au 1834.33 $/oz Change: 15.43
Pt 1261.00 $/oz Change: 13.72

Uranium News

Denison to showcase Canada uranium project with release of PFS next month

By: Mariaan Webb     10th August 2018 Canada-based Denison Mines is gearing up for the release of a prefeasibility study (PFS) focusing on largest undeveloped high-grade uranium project in the eastern Athabasca basin. Following two years of exploration and project development work, the PFS for the Wheeler River project will be... 

Paladin noteholders set to meet

By: Esmarie Iannucci     3rd August 2018 The noteholders of dual-listed Paladin Energy are expected to meet on August 21 to vote on the creation of a lien of Paladin Finance in favour of Nedbank in relation to the environmental performance bond obligations for the Kayelekera mine. The noteholders are also expected o vote on a waiver in... 

Paladin takes full control of Queensland uranium explorer

By: Esmarie Iannucci     1st August 2018 Dual-listed Paladin Energy has moved to take full control of junior uranium explorer Summit Resources, in which it already holds an 82.08% interest. Paladin on Wednesday announced an off-market takeover offer for the remaining shares in the ASX-listed Summit, offering one new Paladin share for... 

Production at world’s biggest uranium mine suspended indefinitely

By: Mariaan Webb     26th July 2018 Initially intended to be a 10-month suspension, production at McArthur River in Saskatchewan – the world’s biggest uranium mine – and the nearby Key Lake mill has been extended for an “indeterminate duration”, Canadian uranium major Cameco announced on Wednesday. President and CEO Tim Gitzel... 

Production at world’s biggest uranium mine suspended indefinitely
The McArthur Lake mine in Saskatchewan.

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

Australia’s Minerals Council unfazed by US uranium investigation

By: Esmarie Iannucci     19th July 2018 The Minerals Council of Australia (MCA) appeared unfazed over a decision by the US Department of Commerce to launch an investigation on uranium imports. A MCA spokesperson told Mining Weekly Online on Thursday that Australia had been a long-standing uranium supplier to the US. In 2017, US... 

Cameco following US uranium trade investigation ‘closely’

By: Mariaan Webb     18th July 2018 Canadian uranium major Cameco does not expect the Trump administration’s investigation into uranium imports to have an immediate impact on its shipments into the US, but the company’s president and CEO Tim Gitzel said he is following developments “very closely”. He affirmed that Cameco, which is... 

Cameco following US uranium trade investigation ‘closely’

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

Turkey's energy ministry to open 616 mine sites for exploration through tenders

By: Reuters     18th July 2018 Turkey's Energy Ministry will open 616 mine sites for exploration through tenders, according to two notices in the country's Official Gazette on Wednesday. The mine tenders were divided into five groups including substances such as radioactive minerals, precious metals, rare earth metals, coal... 

Laramide buys Rio tenements

By: Esmarie Iannucci     17th July 2018 Dual listed uranium developer Laramide Resources will spend A$450 000 to purchase the Murphy uranium tenements, in the Northern Territory, from major Rio Tinto’s exploration arm. The purchase agreement replaces an existing farm-in and joint venture agreement between the two companies. 

Plateau Energy Metals Peru unit finds large lithium resources

By: Reuters     17th July 2018 Canadian miner Plateau Energy Metals's Peru unit Macusani Yellowcake said on Monday it has found 2.5-million tonnes of high-grade lithium resources and 124-million pounds of uranium resources in its Falchani hard rock deposit in the region Puno. Ulises Solis, general manager of the unit, told a... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Berkeley flags more cost savings in Spain

By: Esmarie Iannucci     9th July 2018 Uranium developer Berkeley Energia could potentially save up to €9-million in the construction of its Salamanca mine, in Spain. The dual listed company on Monday said that a capital cost review had identified a number of opportunities to reduce the initial capital expenditure required to bring... 

Berkeley flags more cost savings in Spain

Toro raises A$3.8m

By: Esmarie Iannucci     6th July 2018 Uranium developer Toro Energy has raised A$3.8-million through a share purchase plan. The company on Friday said that it will issue more than 153.2-million shares.  

Spanish cattle farmers are worrying about nearby uranium mines

By: Bloomberg     3rd July 2018 Maria Jose Alamo, whose 120 cattle graze on land close to the only major new uranium mine being developed in the world, is worried. “I myself wouldn’t buy the meat of cattle raised close to such a mine,” said Alamo, 48, in an interview at a cafe in the hamlet of Banos de Retortillo, in Western... 

Spanish cattle farmers are worrying about nearby uranium mines

Salamanca stays in government's good graces 

By: Esmarie Iannucci     2nd July 2018 Dual-listed Berkeley Energia has welcomed support from the government of Castilla y Leon, after a decision was taken last week to reject a resolution by the opposition to halt the €250-million investment in the Salamanca uranium mine. “There is a huge amount of support for the Salamanca mine,... 

Boss unveils restart strategy for Honeymoon

By: Esmarie Iannucci     2nd July 2018 ASX-listed uranium junior Boss Resources has revealed a three tiered re-start strategy for its Honeymoon uranium project, in South Australia. The company on Monday told shareholders that the re-start strategy has already commenced. 

Brazilian uranium miner seeks help in going underground

By: Rebecca Campbell     29th June 2018 Brazilian media have reported that the State-owned uranium company, Indústrias Nucleares do Brasil (INB – Nuclear Industries of Brazil) has signed a Memorandum of Understanding (MoU) with a subsidiary of the Russian State-owned nuclear group Rosatom. The subsidiary is the U1 Group, better known... 

Denison CEO joins Canada Nuclear Association board

By: Creamer Media Reporter      26th June 2018 The president and CEO of uranium miner Denison Mines has been appointed to the board of the Canadian Nuclear Association (CNA). David Cates was appointed at the CNA’s annual general meeting in Saskatoon earlier in June, Denison reported on Monday. 

Turkey revokes Westwater’s uranium project licences

By: Creamer Media Reporter      22nd June 2018 Nasdaq-listed Westwater Resources on Friday announced that the Turkey government had revoked the mining and exploration licences of its Temrezli and Sefaatli uranium projects. The exploration and development company said that it was investigating the legality of the development and that it had... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

ERA reveals closure plans for Ranger

By: Esmarie Iannucci     11th June 2018 Uranium miner Energy Resources of Australia (ERA) has released the closure plan for its Ranger mine, in the Northern Territory, which is required to cease mining and processing activities by January 2021. The final rehabilitation of the project area will be completed by January 2026, ERA said... 

Laramide increases private placement to C$3.3m

By: Nadine James     8th June 2018 Uranium miner Laramide Resources has increased the previously announced private placement from seven-million units to ten-million units, at a company price of C$0.30 a unit, for aggregate gross proceeds of up to C$3.3-million. The ASX- and TSX-listed company had, earlier this month, announced its... 

Bannerman raises A$8m for Etango

By: Esmarie Iannucci     8th June 2018 Uranium developer Bannerman resources will raise A$8-million through the placement of more than 173.9-million shares to institutional and sophisticated investors. The placement will be priced at 4.6c a share, representing a 9.2% discount to the company’s ten-day volume weighted average price. 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

Berkeley Energia lists on LSE

By: Anine Kilian     6th June 2018 Uranium miner Berkeley Energia officially listed on the LSE on Wednesday. The company also received confirmation from Spanish authorities that its shares will be admitted to trading on the Spanish Stock Exchange (SSE) soon. 

GoviEx closes C$6m private placement

By: Marleny Arnoldi     6th June 2018 TSX-listed uranium miner GoviEx has closed a private placement of 35.6-million shares at a price of C$0.17 apiece, with each unit comprising one Class A common share and one Class A common share purchase warrant, for gross proceeds of C$6-million.  

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas
Mineral Resources Deputy Minister Godfrey Oliphant announces junior funding at Junior Indaba, covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Laramide raises funds for uranium projects

By: Esmarie Iannucci     5th June 2018 ASX-and TSX-listed Laramide Resources will raise up to C$2.1-million through a private share placement to advance exploration and development work at its Church Rock and Crownpoint uranium properties, in the US, and its Westmoreland uranium project in Australia. Laramide will offer up to... 

Macusani lithium, uranium projects to be ‘production ready’ by 2020 – Plateau

By: Simone Liedtke     5th June 2018 The new Falchani lithium discovery area will now be included in the ongoing, now-expanded, environmental baseline study for TSX-V-listed Plateau Energy Metals’ Macusani lithium and uranium projects, in southeastern Peru. The expanded baseline study has been submitted and accepted by the Peruvian... 

ALX undertakes airborne radiometric, magnetic survey at Lazy Edward Bay project

By: Simone Liedtke     4th June 2018 A low-level, airborne radiometric and magnetic survey of about 4 000 line kilometres by Special Projects Inc (SPI) of Calgary is under way on TSX-V-listed ALX Uranium Corporation’s 100%-owned Lazy Edward Bay uranium project, in Canada. Lazy Edward Bay, which straddles the southern edge of the... 

Berkeley Energia to migrate to LSE main board this week

By: Creamer Media Reporter      4th June 2018 Uranium project developer Berkeley Energia said on Monday that its admission to the main market of the LSE and the Madrid, Valencia, Bilbao and Barcelona stock exchanges (SSE) should be effective this week. The LSE migration should occur on Wednesday, at which stage trading in the company’s... 

Oil & gas, mining industries anxious about top brass succession planning

By: Henry Lazenby     31st May 2018 There is real anxiety in the oil and gas and mining industries regarding the lack of aptitude to replace an ageing top-level management talent pool, Stephen Diotte, partner and head of leadership services for Odgers Berndtson tells Mining Weekly Online. He recently joined the executive search... 

Oil & gas, mining industries anxious about top brass succession planning

Gupta-owned Shiva Uranium's business rescue practitioners throw in towel

By: News24Wire      31st May 2018 The business rescue practitioners (BRPs) appointed to save Gupta-owned company Shiva Uranium have resigned with immediate effect after their relationship with the state-owned Industrial Development Corporation (IDC) - the company's largest creditor – turned sour. Louis Klopper and Robert Knoop... 

 Gupta-owned Shiva Uranium's business rescue practitioners throw in towel
Atul Gupta

Australia’s energy sector should leverage automation and technology to boost competitiveness

25th May 2018 Australia’s energy resources sector could unlock a potential A$10-billion in value to the national economy if it pursues a number of transforms, a report by National Energy Resources Australia (Nera) has found. In its 2018 update to the ‘Sector Competitiveness Plan’, Nera identified... 

Australia’s energy sector should leverage automation and technology to boost competitiveness

Paladin mothballs Namibia uranium mine

By: Esmarie Iannucci     25th May 2018 Dual-listed Paladin Energy on Friday confirmed that its Langer Heinrich uranium mine, in Namibia, was being placed on care and maintenance, but said that the low-cost openpit operation would be one of the first to resume production when the uranium market normalised. Paladin in April said that... 

Paladin mothballs Namibia uranium mine
Photo by Bloomberg
Langer Heinrich

Madaouela and Mutanga uranium projects ready for development

By: Donald Makhafola     25th May 2018 Canadian uranium company GoviEx Uranium’s two projects, the Madaouela project, in Niger, and the Mutanga project, in Zambia, are fully licensed, and the junior company is ready to start the development of these projects to improve supply to the world uranium market. “We have made several... 

Madaouela and Mutanga uranium projects ready  for development
GROWTH In addition to Madouela, GoviEx acquired a second project in Zambia to expand its portfolio and add to its Mutanga project
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