Aussies advance Namibia uranium projects
TWO Australian mining companies, Bannerman Energy and Deep Yellow, are pushing ahead with major uranium projects in Namibia, joining Chinese firms already active there as…
BHP, NexGen in uranium talks
Canadian uranium miner NexGen Energy is in regular discussions with BHP about its Rook I project in Saskatchewan as it prepares to raise $1 billion to help fund the development,…
Huge uncontracted nuclear utility needs are good news for uranium
TERM contracts for uranium entered into between nuclear utilities and uranium miners have been strengthening consistently for the past five years, and will continue to drive the…
Pressure on Eskom as South32’s Mozal edges towards closure
PRESSURE on Eskom, South Africa’s main electricity supplier, to come up with more affordable power tariffs for more of its industrial customers has intensified after South32 said…
Why Future Coal thinks it can win back the banks
COAL is enjoying a resurgence in reputation. Last month the 300-year-old Lloyd’s of London abandoned one of its climate commitments by allowing its insurers to go back to the…
Nuclear revival threatens uranium supply shortage
A RESURGENCE in nuclear power could trigger a critical uranium shortage as global demand soars while mine production plummets, said the Financial Times citing warnings by…
Exxaro calls time on unsustainable Leeuwpan Colliery
A FORMAL Section 189 consultation has been launched with the relevant trade unions at Exxaro’s lossmaking Leeuwpan Colliery, which has become unsustainable in its current form,…
France’s Orano considers exit from Niger uranium industry
ORANO, the French state-owned nuclear fuel company, is exploring the sale of its uranium assets in Niger following deteriorating relations with the country’s military government,…
Mantashe says SA open to nuclear project bids from Russia, Iran
SOUTH Africa risked deepening its rift with the US if it turns to Russia or Iran to expand its civilian nuclear power capacity, said Reuters citing analysts. “We can’t have a…
Paladin bid for Fission in limbo as Canada probes deal
PALADIN Energy said on Wednesday it was still waiting on regulatory approval for its proposed C$1.1bn takeover of Canada’s Fission Uranium Corp. This was despite Fission Uranium…
Kabanga Nickel in spotlight as West forms minerals coalition
THE US government is due to unveil financing for the Kabanga Nickel, a project in Tanzania in which BHP has a 17% stake. The commitment is part of the Minerals Security…
World’s largest banks to throw weight behind nuclear energy
FOURTEEN of the world’s largest banks and financial institutions are to pledge their support for the development of more nuclear energy, said the Financial Times. Banks including…
Sibanye-Stillwater targets uranium deal in six months
SIBANYE-Stillwater hoped to conclude a deal on its South African uranium resources within three to six months, its CEO Neal Froneman has said. Froneman said in March the company…
From Crapco to mid-tier copper play, Kerr’s says South32 is unique
IT’S 10 years since BHP demerged production in coal, aluminium and silver into a company that became South32 — so named owing to its exposure to southern hemisphere assets. The…
Exxaro to boost coal exports as circumvents struggling RBCT
EXXARO Resources forecast a nine percent period-on-period improvement in coal exports after finding alternative routes for its sales. The Johannesburg-listed firm said in an…
Paladin takes gains to 42% this year as mine reaches commercial production
COMMERCIAL production started at Paladin Energy’s Langer Heinrich uranium mine in Namibia on March 30, the company announced on Tuesday. Paladin said its focus will now shift to…
Uranium listing shows SA’s junior mining is still kicking
ONE thing resource miners have in spades is optimism. Take South Africa’s latest digger, Neo Energy Metals, which is hoping to build a uranium mine in the Northern Cape. Dubbed…
For a metal with a brushed up reputation, why hasn’t uranium done better?
WHILE there’s been a correction in metals over the past 12 months, one that’s kept its value is uranium. That’s because the metal is gaining acceptance in the drive towards…
South32 in quest to find green energy for Hillside – fast
South32 is in a race against time to find green energy for its Hillside aluminium smelters in KwaZulu-Natal’s, Richards Bay if the diversified miner wants to guarantee access to…
As Eskom seeks a new way of scaling renewable power, Vietnam could light its way
SOUTH Africa has had energy shortfalls for the past 16 years, but to date there have been totally inadequate measures to add new capacity to the grid. The crisis has escalated…