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Uranium News

Kazakhstan sells 6.27% stake in uranium miner for $206m

By: Reuters     3rd June 2020 Kazakh sovereign wealth fund Samruk Kazyna said on Wednesday it had raised $206 million by selling on the market a 6.27% stake in Kazatomprom, the world's biggest uranium miner. It sold the shares at $13 per global depositary receipt, a discount of about 6% to the market price, MD Yerzhan... 

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

Kazakhstan to reduce stake in uranium miner Kazatomprom

By: Reuters     3rd June 2020 Kazakh sovereign wealth fund Samruk-Kazyna plans to sell a 4.55% stake in the world's biggest uranium miner, Kazatomprom , for about $150-million, deal managers led by Citigroup said on Tuesday. The sale will be the third by Samruk-Kazyna after the initial listing in 2018 and a secondary... 

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.

Thor acquires Australian firm with US uranium and vanadium assets

By: Simone Liedtke     1st June 2020 Aim- and ASX-listed Thor Mining has acquired 100% of the shares in private Australian company, American Vanadium, which has interests in uranium and vanadium focused projects in Colorado and Utah, in the US. The exploration and development company also said on June 1 that it would pursue... 

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kazakhstan, Russia and Uzbekistan continue to supply vast majority of US uranium needs

By: Creamer Media Reporter      27th May 2020 Owners and operators of US civilian nuclear power reactors (COOs) purchased a total of 48-million pounds of U3O8 equivalent of deliveries from US and foreign suppliers in 2019, with the vast majority sourced from Kazakhstan, Russia and Uzbekistan. The total deliveries was 20% higher than the... 

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Full reopening of mining from June 1 – President Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Leon lists measures to attract mining investment in these challenging times  

By: Martin Creamer     22nd May 2020 South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining... 

Leon lists measures to attract mining investment in these challenging times
Herbert Smith Freehills Africa Co-Chair Peter Leon spoke at a webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

TNT acquires uranium, vanadium claims in Utah

By: Marleny Arnoldi     22nd May 2020 ASX-listed TNT Mines has entered into a binding share sale agreement to acquire Vanacorp Aust and its wholly-owned US subsidiary, Vanacorp USA. Vanacorp USA owns 200 unpatented lode claims that are prospective for uranium and vanadium, together called the East Canyon project, which is located... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

China's mine development in sub-Saharan Africa likely to slow

By: Simone Liedtke     20th May 2020 The development of mines in sub-Saharan Africa by Chinese firms will slow in the coming quarters, before picking up again in 2021, says industry research company Fitch Solutions. In addition to logistical challenges being faced by miners as a result of the global Covid-19 pandemic, the company... 

US uranium production slumped 89% last year

By: Mariaan Webb     20th May 2020 US uranium concentrate production slumped 89% last year, to 174 000 lb of U3O8, according to information by the US Energy Information Administration (EIA). This is a sharp decrease from the 4.89-million pounds a year that the US produced five years earlier. The EIA report comes about a month... 

US uranium production slumped 89% last year

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Equatorial Guinea mines ministry signs first five mining contracts

By: Donna Slater     18th May 2020 Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has signed the first mining contracts in the country’s history, following the conclusion of the country’s inaugural mining bidding round last year. The ministry signed five mining contracts with three different companies, including one... 

World’s top mining companies committed to climate change solutions – ICMM 

By: Martin Creamer     13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... 

World’s top mining companies committed to climate change solutions – ICMM
International Council on Mining and Metals CEO Tom Butler

Cameco restarts Port Hope, Cigar Lake remains shut

By: Creamer Media Reporter      12th May 2020 TSX- and NYSE-listed Cameco has announced that it is resuming production at its Port Hope Conversion Facility’s UF6 plant and its Blind River refinery in Ontario. Both operations will restart in the week of May 18, and achieve regular production levels the week of May 25. 

Cameco restarts Port Hope, Cigar Lake remains shut
Port Hope UF6 facility in Ontario.

DMRE to test market appetite for 2 500 MW of small nuclear reactors  

By: Terence Creamer     7th May 2020 The Department of Mineral Resources and Energy (DMRE) told lawmakers on May 7 that the development of a roadmap for a 2 500 MW nuclear new build programme would commence soon and that the market would be tested for “robust funding options”. A request for information would be issued to assess... 

DMRE to test market appetite for 2 500 MW of small nuclear reactors
Mineral Resources and Energy Minister Gwede Mantashe

Judgment reserved at Mining Charter review hearing 

By: Martin Creamer     7th May 2020 A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the... 

Judgment reserved at Mining Charter review hearing
Photo by Creamer Media
Minerals Council South Africa building in central Johannesburg.

Risk to uranium supply greater than risk to demand – Cameco

By: Mariaan Webb     4th May 2020 The uranium industry is facing increased supply constraints as the unplanned supply disruptions related to the Covid-19 pandemic are adding to the supply curtailments that have occurred in the industry for many years. Canadian major Cameco says in its first-quarter market update that it believes... 

Risk to uranium supply greater than risk to demand – Cameco

Competition Tribunal approves Harmony-AngloGold transaction  

By: Martin Creamer     30th April 2020 The Competition Tribunal has unconditionally approved Harmony Gold’s acquisition of Mponeng gold mine, other assets and other related liabilities from AngloGold Ashanti. The purchase price includes $200-million in cash, plus a deferred payment of up to $100-million. As Mining Weekly has reported,... 

Competition Tribunal approves Harmony-AngloGold transaction
Mponeng Gold Mine.

Paladin to release restart plan for Namibia uranium mine in the fourth quarter

By: Simone Liedtke     30th April 2020 The restart plan and guidance on key economic parameters for Australian-listed uranium company Paladin Energy’s Langer Heinrich uranium operation, in Namibia, are expected to be released during the fourth quarter of the year. Care and maintenance (C&M) activities at the mine continued during the... 

Silver production severely damaged by lockdown measures

By: Mariaan Webb     29th April 2020 Lockdown measures to contain the spread of Covid-19 are impacting on a wide range of commodities, with silver production currently the most severely damaged by mine shutdowns. Data and analytics company GlobalData reports that, as of April 27, the equivalent of 65.8% of yearly global silver... 

Silver production severely damaged by lockdown measures

Morale high as Covid-masked South African miners get back to work 

By: Martin Creamer     28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... 

Morale high as Covid-masked South African miners get back to work
Mineworkers with personal protective equipment.

Opencast mines may return to 100% of capacity from May 1 – Patel

By: Martin Creamer     27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... 

Opencast mines may return to 100% of capacity from May 1 – Patel
Openast mines like this one may return to 100% production capacity.

Learning curve still too steep to define ‘best practice’ mining response

By: Martin Creamer     27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... 

Learning curve still too steep to define ‘best practice’ mining response
ICMM CEO Tom Butler

US miners applaud 'bold action' to restore uranium mining

By: Mariaan Webb     24th April 2020 The US government on Thursday outlined its strategy to arrest the decline of the country’s industrial base in the front-end of the nuclear fuel cycle, including “immediate and bold action” to strengthen the uranium mining, milling and conversion industries. The strategy is the outcome of the US... 

US miners applaud 'bold action' to restore uranium mining
Photo by White House
US President Donald Trump established the US Nuclear Fuel Working Group in July 2019.

Firm directive to ensure safe mining resumption

By: Martin Creamer     23rd April 2020 The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe start-up procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1)... 

Firm directive to ensure safe mining resumption
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe.

Uranium surges 31% amid shutdowns to become year’s top commodity

By: Bloomberg     18th April 2020 ​​​​​​While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing. The radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped... 

Uranium surges 31% amid shutdowns to become year’s top commodity

Impala CE granted bail after appearance on Covid-19 charge 

By: Martin Creamer     17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... 

Impala CE granted bail after appearance on Covid-19 charge
Photo by Creamer Media
Impala Platinum Rustenburg CE Mark Munroe

Lance cleared for low pH extraction

By: Esmarie Iannucci     17th April 2020 ASX-listed Peninsula Energy has been granted final approval from the Wyoming Department of Environmental Quality to use low pH recovery method within the Ross permit area, at its Lance uranium project. Peninsula on Friday said that switching from an alkaline in-situ recovery to a low pH in-situ... 

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council welcomes revised Covid-19 regulations
Minerals Council CEO Roger Baxter

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mining may resume at 50% capacity – Minister
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

Cigar Lake suspension extended as pandemic persists

By: Mariaan Webb     14th April 2020 The Cigar Lake uranium mine, in Canada’s northern Saskatchewan, will remain on care-and-maintenance for an “indeterminate period”, uranium producer Cameco announced on Monday, explaining that it sought to keep the remote isolated communities in which it workers live safe during the Covid-19... 

Cigar Lake suspension extended as pandemic persists
The Cigar Lake mine, in northern Saskatchewan

Too early to comment on when mining will resume – Minerals Council

By: Martin Creamer     9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... 

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