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Uranium News

Republican lawmakers call for measures to spur new US uranium mining

By: Reuters     2nd October 2019 Republican US lawmakers this week urged President Donald Trump's administration to ease restrictions on uranium mining on federal lands, as a Cabinet-level committee prepares recommendations this month for boosting domestic nuclear fuel production. "We strongly encourage you to make improved... 

Queensland sits on $10bn worth of uranium, Macfarlane tells nuclear power inquiry

By: Simone Liedtke     30th September 2019 Queensland is missing out on a multi-billion dollar addition to its resources and energy industry, owing to bans on uranium mining, Queensland Resources Council (QRC) CEO Ian Macfarlane told an inquiry on Monday. In a statement issued following public hearings at the House of Representatives... 

Queensland sits on $10bn worth of uranium, Macfarlane tells nuclear power inquiry
Ian Macfarlane

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

Proudly South African anti-cable theft technology already deployed on 12 sites
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

Toro launches SPP

By: Esmarie Iannucci     26th September 2019 Uranium hopeful Toro Energy has launched a share purchase plan (SPP) to raise A$3.5-million to fund a drilling programme at the Yandal gold project, and to retire debt. Eligible shareholders will be able to subscribe for up to A$30 000 of additional shares under the SPP, at a 20% discount to the... 

EU states agree to delay 'green' investment guide, leave it open to nuclear, coal

By: Reuters     25th September 2019 An effort to set standards for determining which financial products qualify as "green" should be delayed until the end of 2022, European Union governments agreed on Wednesday, and might end up including investments in coal and nuclear power. The delay, if confirmed by EU lawmakers, could slow... 

Niger approves revision to GoviEx’s Madaouela 1 mining permit

By: Tasneem Bulbulia     25th September 2019 Niger has formally approved a revision to the shape of the Madaouela 1 mining permit that forms part of dual-listed GoviEx Uranium’s flagship Madaouela uranium project. The revision includes the additional 5.96-million pounds of uranium oxide (U3O8) in the measured and indicated categories... 

EU states agree to delay 'green' investment guide, leave it open to nuclear, coal

By: Reuters     25th September 2019 An effort to set standards for determining which financial products qualify as "green" should be delayed until the end of 2022, European Union (EU) governments agreed on Wednesday, and might end up including investments in coal and nuclear power. The delay, if confirmed by EU lawmakers, could... 

Fission underground-only PFS slashes capex

By: Mariaan Webb     23rd September 2019 British Columbia-based Fission Uranium on Monday outlined the potential for “highly economic “ production at the Patterson Lake South (PLS) project in the Athabasca basin of Saskatchewan by focusing on an underground-only mining scenario. Shifting to an underground-only option, as opposed to... 

Fission underground-only PFS slashes capex

Denison installs commercial scale wells at Wheeler River

By: Mariaan Webb     20th September 2019 Uranium project developer Denison Mines has started installing higher cost, larger diameter commercial scale wells as part of the insitu recovery (ISR) field test programme at its Wheeler River uranium project, in northern Saskatchewan. The commercial-scale wells form part of the second stage of... 

Paladin raises A$30m in share placement

By: Esmarie Iannucci     13th September 2019 ASX-listed Paladin Energy has completed a A$30.2-million share placement to institutional and sophisticated investors. The company will issue approximately 262.81-million shares, at a price of 11.5c each, with the placement price representing a 14.8% discount to Paladin’s closing price on... 

Paladin raises A$30m in share placement

Zambia a potential market for Zim mining supplies

By: Tracy Hancock     13th September 2019 Zimbabwean companies in the mining supplies sector are being encouraged by the country’s national trade development and promotion organisation ZimTrade to take advantage of opportunities in the Zambian market. In May this year, ZimTrade conducted a market survey in Zambia, which indicated that... 

Zambia a potential market for Zim mining supplies
Photo by Bloomberg
PARTNER POTENTIAL A ZimTrade market survey identified vast opportunities in the processed foods and mining supplies sectors in Zambia

Nuclear industry urges Trump to revive uranium mining with Cold War-era rule

By: Reuters     9th September 2019 The US nuclear energy industry has called for the Trump administration to revive domestic uranium mining and enrichment by unlocking funds through a Cold War-era program, in a letter sent to a Cabinet-level working group. The August 18 letter from the Nuclear Energy Institute, or NEI, to... 

Cameco may cut uranium output further as demand stalls

By: Reuters     6th September 2019 Canadian miner Cameco said it will hold down output until uranium prices recover and it could cut production further, although nuclear reactor life extensions in France and newbuilds in China, the UAE and Britain bring some hope. Since the 2011 Fukushima nuclear disaster, Japan, Germany and... 

Cameco may cut uranium output further as demand stalls
Cameco CEO Tim Gitzel

Paladin remains optimistic about uranium market potential

By: Marleny Arnoldi     4th September 2019 ASX-listed uranium miner Paladin Energy’s two mines in Namibia and Malawi remain under care and maintenance to preserve resource and shareholder value in the current low uranium price environment; however, the company is positive that uranium demand will pick up in the near future. The company... 

Paladin remains optimistic about uranium market potential
Yellowcake uranium concentrate

Namibia’s central bank forecasts deeper economic contraction in 2019

By: Reuters     28th August 2019 The Bank of Namibia said on Tuesday it expected the domestic economy to fall into a deeper contraction of 1.7% during 2019, down from its initial estimate of 0.3% positive growth in April. The central bank said the economy was expected to recover to positive growth of 0.8% and 1.2% in 2020 and... 

Denison reports positive ISR field tests at Wheeler River

By: Creamer Media Reporter      28th August 2019 Toronto- and New York-listed Denison Mines on Tuesday reported positive initial test results as part of the ongoing in-situ recovery (ISR) field test programme at the Wheeler River uranium project, in northern Saskatchewan, Canada. The additional field work is required to increase the confidence... 

Paladin hopeful of uranium price benefits despite market uncertainty

By: Simone Liedtke     27th August 2019 Uranium miner Paladin Energy expects to benefit should there be a substantial increase in the uranium price, following signs of recovery in late 2018, chairperson Rick Crabb said in the company’s annual report for the 2019 financial year, published on Tuesday. The miner owns 75% of the Langer... 

Kazatomprom H1 profit falls 68% on one-offs

By: Reuters     27th August 2019 Kazakh uranium miner Kazatomprom posted a 68% drop in six-month net profit to 104-billion tenge (about $269-million) on Tuesday, which it said was due to one-off gains from transactions in the previous year. The company said that adjusted for those one-offs, net profit rose 51% as revenue grew... 

Misconceptions around AMD remain a threat to the environment

By: Khutso Maphatsoe     23rd August 2019 Acid mine drainage (AMD) has become one of South Africa’s largest environmental threats, as AMD has caused considerable damage to the natural environment and communities living near mining areas, says engineering consultants WSP Africa’s hydrology, environment and energy senior associate Karen... 

Sibanye-Stillwater intensifies PGMs presence

By: Mamaili Mamaila     23rd August 2019 International precious metals mining company Sibanye-Stillwater (Sibanye) has, through the recent acquisition of platinum-group metals (PGMs) producer Lonmin, increased its role in and authority in the global PGMs sector. Following the inroads that Sibanye made into the sector by acquiring PGM... 

Sibanye-Stillwater intensifies PGMs presence
JAMES WELLSTED The Lonmin acquisition is the culmination of Sibanye-Stillwater's South African PGMs strategy

Mkango progressing Malawi projects

By: Tasneem Bulbulia     19th August 2019 Dual-listed Mkango Resources continues to progress its Songwe Hill rare earths and its Thambani uranium/tantalum/niobium projects, in Malawi. The company on Monday reported that the feasibility study for Songwe Hill continued to progress, fully funded by strategic partner, Talaxis, a subsidiary... 

Paladin issues amendment to consent solicitation for Kayelekera sale

By: Tasneem Bulbulia     8th August 2019 ASX-listed uranium miner Paladin on Thursday issued an amendment to the consent solicitation to introduce a consent fee payable to each noteholder who votes in favour of the resolution set out in the consent solicitation. In July, Paladin launched a consent solicitation to its noteholders... 

Ur-Energy cuts costs after Trump refuses uranium import quotas

By: Mariaan Webb     6th August 2019 Uranium junior Ur-Energy on Tuesday announced that it had implemented further cost-saving measures, including more job cuts, following a decision by President Donald Trump last month to steer clear from imposing import tariffs on uranium. Wyoming-based Ur-Energy and Colorado-based Energy Fuels... 

Ur-Energy cuts costs after Trump refuses uranium import quotas

Nuclear energy under the microscope in Australia

By: Esmarie Iannucci     5th August 2019 Australian Energy Minister Angus Taylor has established an inquiry into the nuclear fuel cycle, and the potential use of nuclear energy in Australia. “The Committee will be asking a range of questions to establish whether nuclear energy would be feasible and suitable for Australia with account... 

Aura's Mauritania uranium project to cost $62.9m

By: Esmarie Iannucci     29th July 2019 A definitive feasibility study (DFS) into the Tiris uranium project, in Mauritania, has found that the project could produce some 12.4-million pounds of uranium oxide (U3O8) over a 15-year period, with pre-production capital costs estimated at $62.9-million. ASX- and Aim-listed Aura Energy on... 

Cameco nowhere near restarting idled capacity

By: Creamer Media Reporter      25th July 2019 While progress is being made on issues creating uncertainty for the global uranium market, Canadian miner Cameco is still “a long way” from restarting its idled McArthur River/Key Lake mine – the world’s largest high-grade uranium operation. Cameco president and CEO Tim Gitzel said on Thursday... 

Era sees net profits increase in H1

By: Esmarie Iannucci     25th July 2019 Uranium miner Energy Resources of Australia (Era) has reported a 163% increase in net profits for the interim period ending June, compared with the previous corresponding period, while revenues increased by 6%. The ASX-listed company on Thursday reported that net profits for the six months to... 

Fission studies underground-only option at PLS

By: Mariaan Webb     23rd July 2019 Mineral exploration company Fission Uranium is studying the merits of an underground-only approach at its flagship Patterson Lake South (PLS) project, in Saskatchewan, the Kelowna, British Columbia-based firm announced on Tuesday. Potential benefits of an underground-only approach include low... 

GoviEx reaches debt scrapping, working interest agreement with Niger

By: Marleny Arnoldi     19th July 2019 TSX-V-listed GoviEx Uranium has entered into definitive agreements with the Niger government to finalise the commercial terms to progress the company’s flagship Madaouela uranium project. GoviEx currently has testwork under way targeting reduced operating and capital costs within the project... 

Rio completes Rössing sale  

By: Esmarie Iannucci     16th July 2019 Diversified miner Rio Tinto has completed the sale of its interest in the Rössing uranium mine in Namibia to China National Uranium Corporation (CNUC). The two companies in November of last year struck an agreement under which Rio would divest of its 68.62% stake in the project in exchange for... 

Rio completes Rössing sale

Cameco awarded $40m in Tepco dispute

By: Creamer Media Reporter      15th July 2019 A tribunal of international arbitrators has ordered Japan’s Tokyo Electric Power Company (Tepco) to pay Canadian miner Cameco $40.3-million in damages, following the termination of a multibillion-dollar supply agreement in 2017. Saskatoon, Saskatchewan-based Cameco’s claim was for damages of... 

Uranium market activity seen returning to 'more normal' levels

By: Mariaan Webb     15th July 2019 London-listed uranium fund Yellow Cake said on Monday that activity in the uranium market should pick up in the near term, following US President Donald Trump’s decision at the weekend to steer clear from imposing import tariffs on uranium. The Section 232 investigation, which started early last... 

Canadian, Australian miners cheer Trump’s uranium import decision

By: Mariaan Webb     15th July 2019 US President Donald Trump’s decision to back away from implementing new trade restrictions on uranium imports into the US has won praise from Canadian and Australian producers, which argue that the uranium they supply is not a threat to US national security. Trump has rejected the recommendation... 

Canadian, Australian miners cheer Trump’s uranium import decision
US President Donald Trump

MCA welcomes US uranium decision

By: Esmarie Iannucci     15th July 2019 The Minerals Council of Australia has welcomed US President Donald Trump’s decision not to impose quotas on uranium imports, following an investigation by the US Department of Commerce into foreign imports of uranium. Trump rejected findings by the Commerce Secretary that foreign uranium posed... 

Expected demand brings airborne survey system back to Africa

By: Tracy Hancock     12th July 2019 There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of... 

Expected demand brings airborne survey system back to Africa
SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years

Namibia attractive landscape, says Canadian miner

By: Tracy Hancock     12th July 2019 Besides the significant lure of Namibia’s mineral-rich geology, the country’s various attributes make it a more attractive investment destination for exploration and development companies than other mining jurisdictions, says Canadian strategic minerals-focused company Broadway Gold Mining... 

Namibia attractive landscape, says Canadian miner
BUILDING PORTFOLIO Broadway Gold Mining has boosted its portfolio, previously consisting only of its Madison copper/gold project in the US, with its Namibian copper/vanadium acquisition

Berkeley opens new office, hunts for new CEO

By: Esmarie Iannucci     11th July 2019 Uranium developer Berkeley Energia has announced the resignation of its MD and CEO Paul Atherley, who has been at the helm since 2015. Atherley’s replacement would likely be a Spanish National, the company said on Thursday, revealing plans to establish a head office in Madrid. 

Berkeley opens new office, hunts for new CEO
Photo by Berkeley Energia
Paul Atherley has resigned as MD and CEO of Berkeley Energia.
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