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Uranium News

Denison selects ISR mining for renamed Tthe Heldeth Túé deposit

By: Mariaan Webb     17th November 2020 The selection of the in-situ recovery (ISR) mining method at the Tthe Heldeth Túé (THT) deposit, formerly named J Zone, at the Waterbury Lake property has transformed expectations for the project, generating robust preliminary financial results with comparatively modest upfront capital. TSX-... 

Brazil to export uranium, cut fertiliser buying if mine proceeds

By: Bloomberg     17th November 2020 A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertiliser import needs if it proceeds. Latin America’s largest economy, which currently imports uranium for its nuclear plants and ships in most of its fertiliser needs,... 

US uranium reserve one step closer

By: Mariaan Webb     12th November 2020 The US is one step closer to funding and implementing the US uranium reserve, which is aimed at stimulating growth in the domestic uranium mining industry. The Senate Committee on Appropriations on Wednesday released drafts of 2021 funding measures and subcommittee allocations that include... 

US uranium reserve one step closer

Denison restarts EA process for Wheeler River

By: Creamer Media Reporter      9th November 2020 The environmental assessment (EA) process for the Wheeler River uranium project, in the Athabasca basin, northern Saskatchewan, will resume in January, dual-listed Denison Mines announced on Monday. The resumption will mark the end of the temporary suspension announced in March, amid the social... 

Denison restarts EA process for Wheeler River

How Biden’s win affects commodities hit by trade wars, tariffs

By: Bloomberg     9th November 2020 It’s been a tumultuous four years for US commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global... 

How Biden’s win affects commodities hit by trade wars, tariffs

Cameco ‘very bullish’ on uranium market

By: Mariaan Webb     5th November 2020 Canadian uranium major Cameco remains “very bullish” on the uranium market, citing the role of nuclear power in a global move towards electrification and decarbonisation. CEO Tim Gitzel said on Wednesday that China would require an estimated quadrupling of nuclear power capacity to meet its goal... 

Cameco ‘very bullish’ on uranium market

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind  

By: Martin Creamer     4th November 2020 New mid-tier gold aspirant Shallow Reefs Gold is in the process of being built in South Africa to mine the shallow reefs of South Africa’s historic Witwatersrand Gold Basin. Shallow Reefs Gold has former Mineral Resources Minister Susan Shabangu and former Exxaro chairperson Sipho Nkosi on board... 

Shallow Reefs Gold's Mark Gilbert
Shallow Reefs Gold covered by Mining Weekly’s Martin Creamer at Junior Indaba. Video: Darlene Creamer.

Energy Fuels produces REE concentrate at White Mesa 

By: Mariaan Webb     4th November 2020 Uranium miner Energy Fuels on Tuesday announced a “major” milestone in US rare earth element (REE) production, with the company successfully producing REE concentrate at it White Mesa mill, near Blanding, Utah. The REE concentrate was produced using existing infrastructure and technologies at... 

The White Mesa mill, in Utah
The White Mesa mill, in Utah

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Gwede Mantashe (right) and Bernard Swanepoel.
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Mining supply sales consultancy AmaranthCX director Paul Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

CRA’s actions ‘cast chill’ over Canadian firms competing on world stage – Cameco CEO

By: Mariaan Webb     2nd November 2020 Uranium miner Cameco CEO Tim Gitzel has slammed Canada Revenue Agency’s (CRA’s) decision to seek leave from the Supreme Court to appeal a lower court ruling in the tax dispute between the parties, arguing that the agency’s actions “cast a chill” over Canadian companies trying to compete on the... 

Cameco CEO Tim Gitzel
Cameco CEO Tim Gitzel

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Errol Smart
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Paladin cuts Namibian spend

By: Esmarie Iannucci     27th October 2020 Uranium hopeful Paladin Energy on Tuesday announced that capital expenditure (capex) at its Langer Heinrich mine, in Namibia, is expected to reach $9.5-million in 2021. The planned capex for the 2021 financial year was down by 44% on the funds spent in the 2020 financial year, as Paladin moved to... 

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

ifm Australia’s Freddie Coertze and Aditya Kunder.
ifm Australia’s Freddie Coertze and Aditya Kunder.

Kayelekera restart to cost $50m

By: Esmarie Iannucci     20th October 2020 A scoping study into restarting the Kayelekera uranium project, in Malawi, has confirmed that the project could be one of the first to restart production in order to meet impending uranium supply shortfall. ASX-listed Lotus Resources told shareholders that the scoping study estimated that the... 

Kayelekera restart to cost $50m

Cameco moves to reset debt maturity profile

By: Creamer Media Reporter      19th October 2020 Uranium miner Cameco is taking advantage of the favourable debt capital markets to reset its maturity profile of long-term debt, announcing a private placement of senior unsecured debentures consisting of $400-million of 2.95% senior unsecured debentures, Series H maturing on October 21, 2027.... 

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Hydrogen-linked Platinum Valley Corridor Project under way – Nzimande 

By: Martin Creamer     15th October 2020 A Platinum Valley Corridor Project being developed as part of South Africa’s economic recovery was outlined by Higher Education, Science and Innovation Minister Dr Blade Nzimande on Wednesday. Taking part in the third Hydrogen Energy Ministerial meeting held virtually, Nzimande described the... 

Higher Education, Science and Innovation Minister Dr Blade Nzimande
Photo by Creamer Media
Higher Education, Science and Innovation Minister Dr Blade Nzimande

Denison increases bought deal to $17.4m

By: Creamer Media Reporter      9th October 2020 Uranium project developer Denison Mines has increased the size of its bought deal offering to 47-million shares, for aggregate proceeds of $17.4-million. The company previously planned to raise $10-million through a 27.03-million-share offering at $0.37 a share. The underwriters and joint book... 

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Sir Mick Davis, Fiona Perrott-Humphrey and Bernard Swanepoel
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Advocate Thabo Mokoena
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Roger Baxter at Joburg Indaba virtual event.
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

Uranium miner Energy Fuels becomes debt-free

By: Mariaan Webb     7th October 2020 US uranium producer Energy Fuels on Tuesday became debt-free, which president and CEO Mark Chalmers said distinguished the company not only from many of its peers in the uranium and natural resources sector, but also from many public companies in general. The NYSE American- and TSX-listed Energy... 

Agreement finalised to reduce US reliance on uranium from Russia

By: Mariaan Webb     7th October 2020 The governments of the US and Russia have finalised a deal extending the limits of uranium imports from Russia for another 20 years, a move which US Secretary of Commerce Wilbur Ross says will help revitalise the domestic nuclear industry. The final amendment to the agreement suspending the... 

US Secretary of Commerce Wilbur Ross
US Secretary of Commerce Wilbur Ross

Energy Fuels sees Trump order as sign of 'tangible support' for uranium miners

By: Mariaan Webb     2nd October 2020 US uranium and vanadium producer Energy Fuels has applauded President Donald Trump’s executive order declaring an emergency in the mining industry, describing it as a “major step” towards providing tangible support for producers and processors of critical minerals. The order directs the Interior... 

Boss raises A$15m for Honeymoon work

By: Esmarie Iannucci     1st October 2020 Uranium developer Boss Resources will raise A$15-million in a share placement to fund ongoing technical process optimisation studies and exploration at the Honeymoon project, in South Australia. The single tranche share placement will consist of some 225-million shares, priced at 6.7c a share,... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future 

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Sandvik global product line manager automation David Hallett
Photo by Creamer Media
Sandvik global product line manager automation David Hallett

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Sandvik's Nina Axman and Jens Holmberg.
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Superior Lake working on US uranium strategy

By: Mariaan Webb     22nd September 2020 Perth-based Superior Lake Resources said on Tuesday that it was working on a US uranium strategy, announcing that the exclusivity period on assets held by Premier Uranium in Wyoming and Utah had been extended. Superior in June announced a three-month exclusive option to conduct due diligence on... 

Great opportunity to lock in higher gold price for future – Harmony  

By: Martin Creamer     16th September 2020 The current gold price presents a great opportunity to lock in the higher price for the future, says Harmony Gold FD Boipelo Lekubo, against the backdrop of Harmony’s hedging programme realising gains of R2.2-billion since its inception, but the recent dollar and rand gold prices also negatively... 

Harmony Gold financial director Boipelo Lekubo
Photo by Creamer Media
Harmony Gold financial director Boipelo Lekubo

Mponeng integration presenting ‘wonderful opportunities’ – Harmony Gold  

By: Martin Creamer     15th September 2020 The integration of Mponeng underground gold mine and Mine Waste Solutions surface gold recovery operation into Harmony Gold was presenting “wonderful opportunities” in the West Wits area, Harmony CEO Peter Steenkamp said on Tuesday. Harmony, which will be on site at Mponeng and Mine Waste... 

Peter Steenkamp
Harmony Gold presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

US seeks to lower Russian uranium imports to boost US nuclear industry

By: Reuters     15th September 2020 The US Commerce Department on Monday inked a draft agreement with Russia's state nuclear energy company to reduce imports of uranium from Russia over the next 20 years in a bid to boost domestic mining and nuclear energy. The Commerce Department and Rosatom initialed the draft amendment to the... 

US seeks to lower Russian uranium imports to boost US nuclear industry

Thor completes American Vanadium buy

By: Esmarie Iannucci     10th September 2020 Aim- and ASX-listed Thor Mining has completed the acquisition of privately held American Vanadium, which holds interests in uranium and vanadium projects in Colorado and Utah. Thor in June this year announced an option agreement to acquire American Vanadium consideration comprises an exclusivity... 

Fission Uranium appoints geologist McElroy as CEO

By: Creamer Media Reporter      8th September 2020 Canadian junior Fission Uranium has promoted chief geologist Ross McElroy to the position of CEO, succeeding Devinder Randhawa, who is retiring from management and chairperson of the board. In a statement announcing the management change, McElroy says the company’s Triple R uranium deposit, in... 

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Mulga Rock plans gets approved

By: Esmarie Iannucci     2nd September 2020 Uranium developer Vimy Resources has had its environmental management plans for its Mulga Rock project, in Western Australia, approved. “We are very pleased to have achieved approval for all the condition environmental management plans (CEMPs), a significant milestone for Vimy and the... 

Joburg’s political legacy mine dumps should come down to cut commute time – DRDGold  

By: Martin Creamer     1st September 2020 South Africa Inc should be doing much more to incentivise the recovery of precious metals from tailings dams for sound societal and environmental reasons that could free Johannesburg of its artificial ‘Berlin Wall’-type political legacy barriers that tilt commute times unfairly and block new-era... 

DRDGold CEO Niël Pretorius
DRDGold CEO Niël Pretorius talks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Paul Dunne
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.
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