R/€ = 17.35 Change: 0.01
R/$ = 14.53 Change: 0.04
Au 1744.91 $/oz Change: 5.33
Pt 1160.31 $/oz Change: -27.69

Uranium News

Canada and US finalise critical mineral collaboration plan

By: Mariaan Webb     10th January 2020 Canada and the United States have finalised their joint action plan to collaborate on minerals they deem critical – including uranium and rare-earth elements – delivering on the June 2019 commitment by Prime Minister Justin Trudeau and President Donald Trump. The US last year stepped up efforts... 

Water around Rio Tinto's Madagascar mine is high in lead, uranium - study

By: Reuters     20th December 2019 Water downstream of a Rio Tinto mine in southern Madagascar contains high concentrations of uranium and lead, potentially endangering local residents who depend on a nearby lake and river for drinking water, a study released on Friday found. Lead, when ingested, can impede the mental and... 

New Kayelekera owner plans to re-engineer Malawi uranium project 

By: Esmarie Iannucci     20th December 2019 Malawi’s Minister for Natural Resources, Energy and Mining has given ASX-listed Paladin Energy consent to divest of its 85% stake in the Kayelekera uranium project. Paladin in June this year struck an agreement with Lotus, a subsidiary of Hylea Metals, to divest of 65% its interest in the... 

New Kayelekera owner plans to re-engineer Malawi uranium project

Denison wraps up ‘first-of-its-kind’ ISR testing

By: Creamer Media Reporter      18th December 2019 TSX- and NYSE-listed Denison Mines has completed the 2019 in-situ recovery (ISR) field test programme in the Phoenix uranium deposit, at the Wheeler River project, in Saskatchewan, Canada. The company hailed the “first-of-its kind” ISR testing programme as “highly successful” and said the... 

Resources sector welcomes nuclear report

By: Esmarie Iannucci     13th December 2019 The Minerals Council of Australia (MCA) has welcomed a report by the House of Representatives Standing Committee on the Environment and Energy into nuclear fuel technology in Australia, saying it was an important step in the overdue and rigorous assessment of nuclear power in Australia. The... 

Rio weighing options in ERA funding row

By: Esmarie Iannucci     12th December 2019 Diversified major Rio Tinto on Thursday said that it would ‘consider its options’ regarding the proposed A$476-million capital raise by uranium miner Energy Resources of Australia (ERA), after the Australian Takeovers Panel declared unacceptable circumstances. ERA shareholder Zentree... 

Pure-play uranium royalty firm heads for TSX-V

By: Creamer Media Reporter      9th December 2019 Pure-play uranium royalty company Uranium Royalty (URC) has raised C$30-million in an initial public offering (IPO) and expects to start trading on the TSX-V this week. The IPO consisted of the issuance of 20 000 000 units at $1.50 each, comprising one common share of the company and one common... 

Trump panel urges US to buy more uranium from American miners

By: Bloomberg     5th December 2019 A White House task force is recommending that President Donald Trump direct the federal government buy more uranium from domestic producers, according to two people familiar with the matter. The purchase of uranium by the US Defense Department is among the recommendations being made by the US... 

Trump panel urges US to buy more uranium from American miners
A mothballed uranium mine in Utah.

Paladin fields more questions from Kayelekera sale  

By: Esmarie Iannucci     2nd December 2019 ASX-listed Paladin Energy on Monday announced that the sale of its 85% interest in the Kayelekera uranium project, in Malawi, will now be subjected to additional obligations set by the Minister of Natural Resources, Energy and Mining. The additional obligations, which include the provision of... 

Winds of change blowing in Aus

By: Esmarie Iannucci     2nd December 2019 Polling done on behalf of the Minerals Council of Australia (MCA) has shown that four out of ten Australians support lifting the ban on nuclear power in Australia. The polling, done by JWS Research, fo0und that 39% of Australians supported the use of nuclear power in Australia. 

Peninsula raises cash for Wyoming uranium project

By: Esmarie Iannucci     29th November 2019 Uranium developer Peninsula Energy will raise A$9.1-million through a share placement and entitlement offer to fund work at its Lance uranium project, in Wyoming. An initial A$7-million will be raised through an institutional placement, with 42.42-million shares to be issued at a price of 16.5c... 

Kazatomprom posts 48% jump in third-quarter profit

By: Reuters     28th November 2019 Kazakh uranium miner Kazatomprom reported a 48% increase in third-quarter consolidated net profit on Thursday to 38.026-billion tenge ($98.4-million). The company's revenue fell 38% while its cost of sales shrank 71%, its unaudited financial report showed. 

UCIL to develop India’s largest uranium deposit

By: Ajoy K Das     27th November 2019 India’s State-run Uranium Corporation India Limited (UCIL) will develop the country’s largest uranium deposit, entailing an investment of about $845-million and forecast to yield 6 000 t/d of the element. The deposit at Kanampalli, in the southern Indian state of Andhra Pradesh, would be larger... 

Waste storage at Africa's only nuclear plant brimming 

By: Reuters     25th November 2019 Spent fuel storage at South Africa's Koeberg nuclear plant will reach full capacity by April as state power utility Eskom awaits regulatory approval for new dry storage casks, the company said on Monday. Storage of high-level radioactive waste is a major environmental concern in the region, as... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

ERA raising faces shareholder backlash

By: Esmarie Iannucci     19th November 2019 The Australian Takeovers Panel has received an application to prevent uranium miner Energy Resources of Australia (ERA) from undertaking its proposed A$476-million renounceable entitlement offer. The miner last week announced plans for a fully underwritten 6.13-for-1 pro-rata renounceable... 

Rio supports ERA's A$476m raising

By: Esmarie Iannucci     15th November 2019 Uranium miner Energy Resources of Australia (ERA) has announced a A$476-million renounceable entitlement offer to fund the rehabilitation of its Ranger project, in the Northern Territory, with major shareholder Rio Tinto saying it would subscribe for its full entitlement. ERA on Friday said that... 

Rio supports ERA's A$476m raising

Orano takes $6m option on Saskatchewan uranium project

By: Creamer Media Reporter      13th November 2019 Saskatoon-headquartered Orano has taken an option to acquire up to 70% in the mineral claims and associated property comprising the Fir Island project, in the Black Lake area of Saskatchewan from Forum Energy Metals. Under the agreement, Orano is to spend a total of $6-million on the property by... 

Aura slashes costs and staff numbers

By: Esmarie Iannucci     13th November 2019 Uranium developer Aura Energy on Wednesday told shareholders that it has started a broad-based process of cost management, which will include staff reductions. Aura said that the hours of head office staff would be reduced, while all services from all technical and consultant staff would be... 

Hook Lake JV partners approve 2020 exploration budget

By: Creamer Media Reporter      12th November 2019 The partners in the Hook Lake project, in Saskatchewan's Athabasca Basin, have approved an exploration budget of C$2-million for 2020, with exploration set to begin this winter. The Hook Lake project is a joint venture (JV) between Cameco (39.5%), Orano Canada (39.5%) and Purepoint (21%) in the... 

Aura seeks compensation from Sweden over uranium ban

By: Creamer Media Reporter      8th November 2019 Dual-listed Aura Energy is seeking compensation from Sweden for the financial losses that it incurred as a result of the country’s uranium ban that came into effect in August last year. Aura provided Sweden a written notification under Energy Charter Treaty (ECT), which is a multilateral legal... 

Aura seeks compensation from Sweden over uranium ban

Peninsula restructures debt

By: Esmarie Iannucci     5th November 2019 Uranium developer Peninsula Energy has negotiated the restructure of its existing $17-million convertible note facilities. The ASX-listed company on Tuesday told shareholders that it had reached an agreement with Resource Capital Fund, Pala Investments and entities associated with Collins Street... 

Future supply of uranium less predictable, says Cameco

By: Simone Liedtke     4th November 2019 Dual-listed Cameco remains on track to achieve its guidance for the full-year and has increased its revenue target for the year. According to CEO and president Tim Gitzel, the uranium company continues to demonstrate its resilience. 

Future supply of uranium less predictable, says Cameco
Cameco president and CEO Tim Gitzel

Denison successfully installs commercial-scale wells at Phoenix

By: Creamer Media Reporter      31st October 2019 Uranium mining company Denison Mines is continuing to advance its in-site recovery (ISR) field test programme at the Wheeler River project, in Saskatchewan, reporting on Thursday that it had installed two commercial-scale wells at the Phoenix deposit. This is the first large-diameter... 

Russia’s State-owned nuclear giant is targeting Africa for its growth

By: Bloomberg     30th October 2019 Rosatom is eyeing Africa as one of its “priority regions” to build more nuclear reactors and expand its business. President Vladimir Putin hosted leaders from more than 50 African countries in the Black Sea resort of Sochi in a renewed effort to increase Russia’s presence on the resource-rich... 

Vimy launches SPP to raise more cash

By: Esmarie Iannucci     28th October 2019 Uranium hopeful Vimy Resources has launched a share purchase plan (SPP) aimed at raising A$3.9-million to strengthen its balance sheet and bolster working capital. The company last week announced that it had completed a A$3.9-million capital raise, and would place 77.87-million shares, at a... 

Vimy raises funds for exploration and DFS

By: Esmarie Iannucci     23rd October 2019 Uranium developer Vimy Resources has completed a A$3.9-million capital raise to fund exploration at the Alligator River project and to update a definitive feasibility study for the Mulga Rock project. Vimy on Wednesday said that it would issue 77.87-million shares, at a price of 5c each, to... 

The secretive election of the world’s top nuclear peacekeeper

By: Bloomberg     21st October 2019 When the head of the world’s nuclear watchdog died in July, his death was kept secret for four days. Many people didn’t even know Yukiya Amano was sick. The process that will see his post finally filled this week is shrouded in just as much mystery. The ambassadors of the 35 nations on the... 

Brazil seeking to attract private uranium mining, nuclear energy investment

By: Rebecca Campbell     18th October 2019 The Brazilian Government intends to restart the mining of uranium within the country’s borders. Federal Mines and Energy Minister Bento Albuquerque told the newspaper O Estado de São Paulo that this was not merely the desire of the Government, but a policy decision that would be adopted. The... 

US nuclear working group deadline extended – report

By: Mariaan Webb     16th October 2019 President Donald Trump has reportedly granted an extension to the deadline for the delivery of the recommendations of a working group considering ways to support US uranium miners and the nuclear energy industry overall. Citing a US Department of Commerce spokesperson, S&P Global reports that... 

US nuclear working group deadline extended – report

UK nuclear industry braces for no-deal Brexit fuel disruption

By: Reuters     16th October 2019 The UK’s civil nuclear industry faces disruption if the country crashes out of the European Union without a deal because companies could lack the necessary paperwork to import fuel from the bloc. One company has submitted an application for a license necessary to obtain uranium from the EU,... 

PFS proves Langer Heinrich restart viable  

By: Esmarie Iannucci     14th October 2019 A prefeasibility study into the restart of the Langer Heinrich uranium project, in Namibia, has confirmed that $80-million in capital will be required to support a 5.2-million pound a year operation. ASX-listed Paladin Energy on Monday said that there was an opportunity to increase production... 

PFS proves Langer Heinrich restart viable

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Biodiversity, climate everyone’s issues – Environment Minister
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

Nuclear faces climate-fight irrelevance without lower cost

By: Bloomberg     8th October 2019 Catastrophic climate change can still be averted even without increasing one of the biggest sources of carbon-free electricity. That was the message sent to International Atomic Energy Agency (IAEA) officials on Monday, who convened their first-ever conference exploring how nuclear power could... 

Brazil to restart uranium mining this year

By: Reuters     7th October 2019 Brazil plans to restart domestic uranium mining in 2019 for the first time in five years, the Mines and Energy Minister told a newspaper in an interview published on Monday. Operations would begin this year at a mine in the city of Caetite in the northeastern state of Bahia, Minister Bento... 

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Investment in climate-positive companies growing – Joburg Indaba
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Environment government’s most important Ministry – Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

New technologies can make mining safer, sunrise industry – Mgojo
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.
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