https://staging3.creamermedia.com
R/€ = 20.7368 Change: -0.0135
R/$ = 19.1578 Change: -0.0137
Au 2025.35 $/oz Change: 0.88
Pt 898.24 $/oz Change: 9.13
 

Uranium News

Smarter mining key amid current market conditions

By: Tracy Hancock     Updated 5 hours ago Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a lot smarter, and more efficiently and sustainably. “We believe that our solutions meet that criteria.... 

Harmony's shares rise on higher earnings outlook

By: Creamer Media Reporter      22nd February 2024 JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to increase by more than 100% year-on-year to between R9.37 and R9.76 in rand terms and between $0.50 and... 

Harmony's Moab Khotsong mine
Harmony's Moab Khotsong mine

Western receives C$4.6m from warrant exercises

By: Creamer Media Reporter      21st February 2024 US-focused Western Uranium and Vanadium has received about C$4.5-million in proceeds from the exercise of common share purchase warrants and plans to use most of the proceeds to accelerate the ramp-up of its uranium mining and milling projects. Between December 1,2023, and February 16, 2024,... 

South African uranium project owner to inward list on A2X

By: Chanel de Bruyn     20th February 2024 LSE-listed Neo Energy Metals, which is developing the Henkries uranium project, in the Northern Cape, will inward list its shares on A2X Markets – a South African stock exchange – to enlarge its shareholder base and provide South African investors with an opportunity to invest in a... 

Neo Energy Metals CEO Sean Heathcote
Neo Energy Metals CEO Sean Heathcote

Goldman, hedge funds step up activity in physical uranium as prices spike

By: Reuters     20th February 2024 Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are... 

Goldman, hedge funds step up activity in physical uranium as prices spike

Niger names new ministers of mining and energy in reshuffle

By: Reuters     19th February 2024 Niger's military government has named new ministers of mining and energy in a government reshuffle, splitting up the previous ministry of mines, petrol and energy into three posts, it said on Monday. Mahaman Moustapha Barke Bako, previously minister of mines, petrol, and energy, will now be... 

Stallion to sell noncore Athabasca projects

By: Creamer Media Reporter      14th February 2024 TSX-V-listed Stallion Uranium has entered into a definitive purchase and sale agreement, granting Glorious Creation the right to acquire a 100% interest in its Eastern Basin projects, comprising seven mineral claims totalling 10 874 ha in Saskatchewan. “We are excited to see our three Eastern... 

NickelX snaps up Canada uranium project

By: Creamer Media Reporter      14th February 2024 Australian exploration company Nickel X on Wednesday revealed its successful acquisition of uranium targets through low-cost claim staking in Ontario, Canada. This move aligns with its commitment to exploring fresh opportunities in uranium and gold, as the company adapts to shifting dynamics in... 

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Uranium developers say supply jolt is boosting new projects

By: Bloomberg     13th February 2024 Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts. Recent talks with prospective buyers have signaled there’s additional interest in new off-take agreements and that’s likely to... 

Uranium developers say supply jolt is boosting new projects

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Uranium is having more than a momentary surge, says Cameco CEO

By: Mariaan Webb     9th February 2024 The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors that will “persist for years to come”. Unlike historical spikes triggered by isolated events, the... 

Uranium is having more than a momentary surge, says Cameco CEO

Uranium explorer expands portfolio

9th February 2024 Uranium exploration company Skyharbour Resources has acquired several new prospective uranium exploration claims through online staking and through an agreement with exploration and project generating company Eagle Plains Resources, contributing to Skyharbour’s large property portfolio. These... 

an aerial view of the Russel Camp in Canada which is part of Skyharbours portfolio
SKYHARBOUR FROM THE SKY The Russel Camp in Canada which is part of Skyharbours portfolio

Madison reports high-grade uranium discovery at Khan

By: Darren Parker     8th February 2024 Upstream uranium mining and exploration company Madison Metals has discovered a high-grade uranium mineralisation at Anomaly 5, located within the company’s Khan project at Madison West in Namibia’s Erongo uranium province. These findings, which include a surface sample of 8.47% triuranium... 

Madison Metals executive chairperson and CEO Duane Parnham
Madison Metals executive chairperson and CEO Duane Parnham

Argonaut secures new uranium asset in S Australia

By: Creamer Media Reporter      7th February 2024 Exploration company Argonaut Resources, which is set to rebrand as Orpheus Uranium, has acquired a promising uranium exploration project in South Australia known as the Woolshed project. Positioned about 4 km west of Boss Energy’s Honeymoon uranium mine, the site is deemed highly prospective for... 

Copper and uranium explorer announces ASX listing

By: Creamer Media Reporter      7th February 2024 Litchfield Minerals, a junior exploration company focused on the Northern Territory, on Wednesday announced its planned listing on the ASX. With an initial focus on uranium and copper exploration, Litchfield is poised to capitalise on the increasing global demand for uranium, driven by a... 

Crucial to combine agricultural development with mining, Indaba hears 

By: Martin Creamer     7th February 2024 Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30... 

Ivanhoe Mines executive chairperson Robert Friedland.
Photo by Creamer Media
Ivanhoe Mines executive chairperson Robert Friedland.

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Fission raises C$75m for PLS uranium project

By: Mariaan Webb     6th February 2024 Kelowna-headquartered uranium exploration and development company Fission on Monday announced a C$75-million bought-deal financing to fund work at the PLS project, in the Athabasca basin. Canaccord Genuity and SCP Resource Finance, on behalf of a syndicate of underwriters, will purchase on a... 

Winter exploration at the PLS project
Winter exploration at the PLS project

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Uranium stocks extend surge after Kazakh miner cuts output

By: Reuters     2nd February 2024 Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target. Kazatomprom lowered its guidance for production for this year by 12% to 14%. The company, listed in... 

Uranium stocks extend surge after Kazakh miner cuts output

Bannerman shuffles deck ahead of Etango development

By: Mariaan Webb     1st February 2024 As Bannerman Energy approaches the targeted construction and long-term operation of its uranium mine at Etango, Namibia, the company has announced changes to its key executive roles from Marh this year. After almost 15 years of service, Ronnie Beevor will be retiring from the board as... 

Lotus, A-Cap merger posited to provide uranium opportunities

By: Tasneem Bulbulia     31st January 2024 ASX-listed Lotus Resources completed the implementation of the merger with A-Cap during the quarter ended December 31, which the company avers has created a “leading uranium player with significant scale and resources”. There were 361.7-million new Lotus shares issued to previous A-Cap... 

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

GoviEx assures shareholders it is unaffected by Niger’s mining sector audit

By: Tasneem Bulbulia     26th January 2024 TSX-V-listed GoviEx Uranium has responded to recent articles published in the wider press concerning an alleged audit of the mining sector in Niger, noting that this will not affect the company. The company says recent press reports have “inaccurately suggested that the entirety of the Niger... 

An image showing GoviEx's Madaouela project
Madaouela mine

Langer Heinrich restart faces minor delay, costs tweaked

By: Mariaan Webb     25th January 2024 After more than six years of care-and-maintenance, the Langer Heinrich uranium mine, in Namibia, has restarted production activities and while Paladin Energy continues to target first commercial production by the end of the first quarter, lower contractor productivity may mean a slight delay to... 

Langer Heinrich was placed on care-and-maintenance in 2018. The mine will resume operations in the first quarter.
Langer Heinrich was placed on care-and-maintenance in 2018. The mine will resume operations in the first quarter.

Uranium producer Niger launches mining sector overhaul

By: Bloomberg     25th January 2024 Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue. The country will also take stock of existing mining licenses, according to a memo from the mining ministry seen by Bloomberg. 

A rig at the Dasa uranium project in Niger
A rig at the Dasa uranium project in Niger

McClean Lake uranium mining to restart

By: Mariaan Webb     24th January 2024 The McClean Lake Joint Venture (MLJV) will restart uranium mining operations, targeting 800 000 lb of uranium oxide (U3O8) in 2025, Orano Canada and Denison Mines announced on Wednesday. Mining at McClean Lake was suspended in 2008 in response to declining uranium prices. During the interim 15... 

McClean Lake uranium mining to restart

Denison Mines awards C$16m Phoenix contract

By: Creamer Media Reporter      23rd January 2024 TSX- and NYSE American-listed Denison Mines has awarded a C$16-million contract to consulting and engineering group Wood Canada for the completion of detailed design engineering for the in-situ recovery mining project planned for the Phoenix uranium deposit. Phoenix and the nearby Gryphon uranium... 

Madison receives first tranche of forward sales agreement at prices well above price floor

By: Darren Parker     23rd January 2024 Canadian uranium exploration and development company Madison Metals has announced that, since November last year, it has successfully received funds for the first tranche of its forward sales agreement with financial advisory firm Sanmiguel Capital Investment at an average price of $68/lb, well... 

Madison CEO and executive chairperson Duane Parnham
Madison CEO and executive chairperson Duane Parnham

Laramide resumes EIS process for US uranium project

By: Creamer Media Reporter      22nd January 2024 Exploration company Laramide Resources is reinitiating the review process of the draft environmental impact statement (EIS) for its La Jara Mesa uranium mine project in New Mexico, US. The TSX- and ASX-listed company has signed an agreement with the US Forest Service (USFS), Cibola National... 

Laramide resumes EIS process for US uranium project

Koba to acquire uranium project from Havilah

By: Creamer Media Reporter      22nd January 2024 The share price of ASX-listed Koba Resources jumped 12.5% on Monday, as the company announced a uranium acquisition deal with fellow listed Havilah Resources in South Australia. In terms of a binding agreement with Havilah, Koba will have the right to acquire an 80% interest in the uranium... 

Supply risks fuel uranium's flight to more than 16-year peak

By: Reuters     22nd January 2024 Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is likely to mean the restart of mothballed capacity. Kazakhstan's Kazatomprom earlier this month said it... 

Toro raises cash for Wiluna uranium project

By: Creamer Media Reporter      22nd January 2024 As global uranium markets continue to strengthen, Toro Energy on Monday announced a A$12.3-million boost to support development of its Wiluna uranium project, in Western Australia. The ASX-listed company secured firm commitments for a A$12.3-million placement, comprising the issue of 23-million... 

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Elevate Uranium accelerates Namibia growth strategy

By: Creamer Media Reporter      18th January 2024 Australia-listed explorer Elevate Uranium is accelerating its growth strategy in Namibia, underscoring its confidence in the country’s uranium potential. The exploration company kicked off its 2024 drilling programme at its Namibia portfolio with four reverse circulation (RC) drill rigs and will... 

Global Uranium receives key permit for US project

By: Creamer Media Reporter      18th January 2024 North America-focused Global Uranium and Enrichment (GUE) has been granted its final permit for the start of exploration activities at its Tallahassee uranium project in Colorado, US. The approval of the notice of intent is the recent approval of the conditional use permit by the Fremont Board... 

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan
1
2 3 4 5 6 7 8 9
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now