Niger doubles stake in Madaouela uranium project
NIGER has doubled its stake in the Madaouela uranium project to 40%, Reuters reported. This brings an end to a long-running dispute with Australian explorer Atomic Eagle. Atomic…
US steps back into Niger with $414m uranium deal
THE US government has approved up to $414m in financing for a uranium project in Niger, Reuters reported. The move comes two years after Niger expelled US forces from the…
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…
Report warns of Russian dominance in uranium supply
RUSSIA’S share of global uranium mining capacity could climb above a third by 2040, a level of dominance that risks compromising the energy security of western nations as demand…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Can this lowly priced uranium project make big bucks?
A largely unknown mining junior listed on the London Stock Exchange – Neo Energy Metals, whose current share price is less than 1 pence – is on the point of finalising a deal…
Niger puts Somaïr uranium mining in state hands
NIGER has granted a large-scale uranium-mining permit – previously held by French nuclear company Orano SA – to state-controlled Tsumco SA, Bloomberg reported. Tsumco is the…
Atomic Eagle returns to Niger’s Madaouela uranium project
ATOMIC Eagle has agreed terms with the Republic of Niger to re-establish its interest in the Madaouela uranium project, which hosts a mineral resource of 116.5 million pounds of…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
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,…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Congo probes uranium in cobalt exports
THE Democratic Republic of Congo has opened an investigation into uranium contamination found in cobalt shipments amid mounting pressure over the amount of the radioactive…
Uranium from seawater: Froneman plans new mining firm
NEAL Froneman led the company he founded, Sibanye-Stillwater, for 13 years before abruptly announcing he would step down last year, aged 65. Those years were a punchy, all-action…
Copper 360 in need of “dose of realism”, says Froneman
NEAL Froneman, the newly appointed chair of Copper 360, said the company was in need of “a good dose of realism” as well as “realistic plans”. The former Sibanye-Stillwater CEO…
Namibia’s gold rush is intact thanks to Wia, B2Gold
NAMIBIA’S gold industry is entering a defining period. Between now and 2030, billions of dollars in investment, several major discoveries and a fresh government strategy are…
China pledges deeper cooperation with Namibia
CHINA has said it would deepen cooperation with Namibia across energy, agriculture, infrastructure and minerals following a meeting between its president Netumbo Nandi-Ndaitwah…
BHP’s new CEO faces costs, strikes and M&A questions
BRANDON Craig takes the helm at BHP on July 1 confronting a demanding agenda that spans cost overruns, threatened industrial action, major capital decisions and a shifting…
Energy Fuels buys German magnet maker for $1.9bn
US rare earths and uranium miner Energy Fuels has agreed to acquire Vacuumschmelze, one of the western world’s few operational permanent magnet manufacturers, for $1.9bn, in a…
Cash-flush Omnia sails through Iran crisis
OMNIA 2026 is a far cry from Omnia 2019, when the fertiliser, explosives and chemicals group nearly collapsed under the weight of its R6.8bn debt. Back then it was forced to tap…
Rio Tinto faces Madagascar rare earths lawsuit
MORE than 6,000 villagers living near Rio Tinto’s ilmenite and monazite mine in Madagascar are preparing to sue the company over alleged environmental contamination, said the…