R/€ = 16.73 Change: 0.00
R/$ = 15.71 Change: 0.13
Au 1854.50 $/oz Change: 10.79
Pt 971.64 $/oz Change: 2.65

Uranium News

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Mining industry lost 23 000 jobs between 2012 and 2019 – Stats SA

By: Tasneem Bulbulia     14th September 2021 About 23 000 jobs were lost in the mining sector between 2012 and 2019, a mining industry report compiled by Statistics South Africa (Stats SA) shows. The biggest losses in jobs were recorded in the mining of gold at 42 000 and platinum group metals (PGMs) at 8 000, Stats SA said in a September... 

Sprott Fund’s buying spree propels uranium stocks to decade high

By: Bloomberg     14th September 2021 Uranium stocks surged to their highest levels in a decade amid a buying frenzy by Sprott Physical Uranium Trust that’s seen it amass millions of pounds of the commodity used to power nuclear reactors. The world’s second-biggest uranium producer Cameco surged as much as 8.5% in Toronto, reaching... 

An image of a drum of uranium oxide.

Kayelekera licenses renewed

By: Esmarie Iannucci     14th September 2021 The Malawi government has renewed the mining and exploration licenses for the Kayelekera uranium project. ASX-listed Lotus Resources on Tuesday told shareholders that the mining license had been renewed for a period of 15 years. 

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World nuclear energy use to grow over next 20 years, requiring increased uranium mining

By: Rebecca Campbell     9th September 2021 The World Nuclear Association (WNA) has forecast that worldwide nuclear energy generation capacity will grow by 2.6% a year over the next 20 years. The prediction is contained in the WNA publication The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040, which was... 

An image of drill rigs exploring for uranium
Uranium mining and production at Katko, in Kazakhstan.

enCore's Azarga buy consolidates US ISR uranium projects

By: Mariaan Webb     8th September 2021 TSX-V-listed enCore Energy on Wednesday announced that it would buy TSX-listed Azarga Uranium in a transaction that would create a US uranium in-situ (ISR) mining company with multiple assets at various stages of development. “Scale is important in the natural resource sector and this... 

An image showing a project site area in South Dakota, US.
The Dewey Burdock development project in South Dakota.

Uranium surges to six-year high as fund buys up physical supply

By: Bloomberg     8th September 2021 Uranium, the commodity used to fuel nuclear power plants, has surged to the highest level since 2015 due in part to a single fund aggressively cornering the physical market. Investment firm Sprott earlier this year launched its Physical Uranium Trust and recently commented on Twitter about how... 

An image of a drum of uranium oxide.

GoviEx appoints Endeavour Financial to advise on Madaouela financing solution

By: Creamer Media Reporter      7th September 2021 TSX-V-listed GoviEx Uranium has appointed mining financial advisory firm Endeavour Financial to provide financial advisory services with respect to the Madaouela uranium project, in Niger.   “We look forward to working with the Endeavour Financial in developing the optimum financing solution for... 

Kazatomprom names new CEO, starts search for new COO

By: Mariaan Webb     6th September 2021 Uranium major Kazatomprom has appointed Mazhit Sharipov as CEO and chairperson of Kazatomprom's management board. Sharipov was named acting CEO last week, after Galymzhan Pirmatov resigned from his position with effect from September 2. 

Resources Watch  

1st September 2021 This week: IDC in discussion on the introduction of an exploration fund; DRDGold maintains dividend payout, records strong full-year performance; and, New horizons for uranium as a green metal 

Resources Watch image
Resources Watch

Aura Energy expands uranium resource in Mauritania

By: Marleny Arnoldi     27th August 2021 ASX- and Aim-listed Aura Energy has upgraded the resource of its Tiris uranium project, in Mauritania, by 10%, or five-million pounds. The resource of the company’s 85%-owned project now totals 56-million pounds at a grade of 254 ppm triuranium octoxide, of which 2.4-million pounds is... 

Kazatomprom CEO resigns

By: Creamer Media Reporter      27th August 2021 Galymzhan Pirmatov has resigned as CEO of Kazatomprom with effect from September 2, the Kazakhstan uranium major announced on Friday Pirmatov is departing to pursue another opportunity, the company added. 

Mulga Rock one step closer to development

By: Esmarie Iannucci     27th August 2021 The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) has approved ASX-listed Vimy Resources' project management plan for its Mulga Rock uranium project. The DMIRS approval is one of three state government approvals required for the project. 

New horizons for uranium as a green metal – Sibanye-Stillwater  

By: Martin Creamer     26th August 2021 Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium, which it described as a significant element in its green metals portfolio. Speaking after the company shot the lights out with record dividend-rich financial results, Sibanye-Stillwater... 

Creamer Media picure of Neal Froneman
Precious and green metals portfolio company Sibanye-Stillwater on Thursday presented new horizons for uranium.

Global Atomic confirms 90% ownership of Dasa

By: Creamer Media Reporter      25th August 2021 TSX-listed Global Atomic has received formal notification from Niger that the government will not increase its ownership stake in the Dasa uranium project beyond the minimum 10% interest decreed under the mining code. Global Atomic will now take steps to establish its Niger mining subsidiary of... 

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Taliban's return clouds long-delayed plans for Afghanistan's resources

By: Reuters     19th August 2021 China is warily eyeing the resumption of some Afghan resource projects but it will take years before the infrastructure is ready while security issues threaten to once again stall projects, according to state media and industry sources. Afghanistan's vast mineral wealth - including large reserves... 

An image of a fighter in Afghanistan

Aura updates costings for Tiris

By: Esmarie Iannucci     18th August 2021 An updated capital cost estimate for the Tiris uranium project, in Mauritania, has increased the projected cost by 10.4%. ASX- and Aim-listed Aura Energy on Wednesday reported that the project was expected to require a capital investment of $74.8-million, compared with the $62.9-million... 

Global Atomic's Niger uranium feasibility study nearing completion

By: Mariaan Webb     13th August 2021 Canadian mining junior Global Atomic is on schedule to break ground on the Dasa uranium project, in Niger, in the first quarter of 2022, president and CEO Stephen Roman said on Thursday. He reported that extensive work had been done to advance the Dasa Phase 1 feasibility study, which would be... 

An image of a drilling rig operating at the Dasa uranium project in Niger.

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

GoviEx buoyed by positive results from Mali geophysics programme

By: Donna Slater     4th August 2021 TSX-V-listed uranium explorer and developer GoviEx Uranium reports that positive results have been obtained from the recent geophysics programme at its Falea polymetallic project, in Mali. The Falea project encompasses the Bala, Madini and Falea licences.  

Denison CEO sees 'considerable value' in JCU portfolio

By: Creamer Media Reporter      4th August 2021 Uranium explorer and developer Denison Mines sees “considerable value” in JCU’s portfolio of assets, CEO David Cates said on Tuesday, announcing the completion of its acquisition of 50% ownership of JCU (Canada) Exploration. In addition to consolidating an effective 95% interest in Wheeler... 

Paladin eyes $50/lb pricepoint for restart  

By: Esmarie Iannucci     4th August 2021 Uranium company Paladin Energy is awaiting a spot price of $50/lb or more for uranium before restarting its Langer Heinrich uranium operations, in Namibia. Speaking on the sidelines of the Diggers & Dealers conference, Paladin CEO Ian Purdy noted that the current spot market price was not... 

An image showing the Langer Heinrich uranium operations in Namibia.
Langer Heinrich, Namibia

Nuclear power to get $6bn lifeline in Senate Infrastructure Bill

By: Bloomberg     2nd August 2021 Struggling nuclear power reactors could be given a $6-billion lifeline in the bipartisan infrastructure bill being written in the US Senate, according to a draft obtained by Bloomberg News. Reactors that use domestically mined and enriched uranium would be given priority under the proposed... 

An image of a processing facility at the Nichols Ranch uranium mine in Wyoming.
Energy Fuels owns and operates the Nichols Ranch in-situ recovery mine and processing facility in Wyoming.

Etango-8 PFS proves positive

By: Esmarie Iannucci     2nd August 2021 A prefeasibility study (PFS) into the Etango-8 uranium project, in Namibia, has confirmed the technical and economic viability of an eight-million-tonne-a-year operation. ASX-listed Bannerman Resources on Monday announced that the project would require a capital investment of $274-million to... 

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

Demand for traditional and nontraditional nuclear power growing – Cameco

By: Mariaan Webb     28th July 2021 Uranium major Cameco is excited about the future of nuclear power generation, CEO Tim Gitzel said on Wednesday, stating that demand for both traditional and nontraditional uses of nuclear power was growing as the focus on electrification took hold. The vertically integrated company believes it... 

An image of Cameco CEO Tim Gitzel
Cameco CEO Tim Gitzel

ERA's profits fall after close

By: Esmarie Iannucci     28th July 2021 Uranium miner Energy Resources of Australia (ERA) has reported a net loss of A$5.2-million for the half-year ended June, as a result of lower sales volumes reported during the period under review, and long-term sales contracts concluded in 2021. The miner produced some 34 t of uranium from... 

Berkeley takes first steps to overturn unfavourable Salamanca decision

By: Creamer Media Reporter      23rd July 2021 Uranium developer Berkeley Energia has taken the first steps to overturn the unfavourable decision by the Nuclear Safety Council (NSC) for its Salamanca project in Spain. The NSC earlier this month blocked the London-headquartered company’s planned uranium in the west of Spain on safety... 

Asia’s diverse, vast resources offer opportunity

By: Nadine Ramdass     23rd July 2021 The Asian mining and natural resources industries are multifaceted and unique to each sub region, and country. The continent’s vast natural resources have not yet been fully optimised. “Asia is the largest continent with extremely diverse geographical sub regions, and countries within those... 

Asia is diverse, with vast natural resources
WARREN BEECH Asia is diverse, with vast natural resources

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

New entrant into US uranium sector buys past-producing mines

By: Mariaan Webb     15th July 2021 TSX-V-listed International Consolidated Uranium (CUR) is entering the US uranium sector with the acquisition of a portfolio of conventional uranium projects in Utah and Colorado from NYSE American- and TSX-listed Energy Fuels. CUR will acquire three permitted, past-producing mines in Utah,... 

An image showing a hill and a mine administrative building in Utah, US.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Regulator blocks Berkeley Energia's uranium mine

By: Reuters     13th July 2021 Spain's nuclear regulator on Monday blocked Berkeley Energia's planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company's stock plunging. The CSN regulator said it took the decision due to a lack of... 

Regulator blocks Berkeley Energia's uranium mine

Explosives demand in Africa picking up

By: Darren Parker     9th July 2021 With demand for explosives improving, mining explosives technology company BME, part of JSE-listed Omnia Group, has been successfully maintaining supply to customers across Africa. BME GM Ralf Hennecke notes that this was despite the disruptions and cross-border challenges the company faced. He... 

A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting
A SALTY PROPOSITION BME’s high-quality, double salt emulsions release minimal carbon emissions and noxious fumes in blasting

Cameco to restart Cigar Lake later this week

By: Mariaan Webb     5th July 2021 Uranium miner Cameco on Sunday returned its regular workforce to the Cigar Lake mine, in northern Saskatchewan, saying that the risk posed by the nearby wildfire had subsided. About 230 workers were evacuated from the site on July 1, as a precaution owing to the proximity of a wildfire burning in... 

Cameco to restart Cigar Lake later this week
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