Thursday , December 1 2022

Uranium

Madison Metals to acquire uranium stake in Erongo

Canadian green energy resource company Madison Metals has announced intentions to acquire a 23 percent interest in Mining Licence 121 (ML121) located in the renowned Erongo Uranium Province. The new acquisition will be an addition to the company’s already existing exclusive prospecting license 7011 (EPL-7011). “ML121 and EPL-7011 are neighbours …

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Namibia Selected as a crucial mining and energy growth market

In the medium term, sub-Saharan Africa’s mining and energy sectors have selected NAMIBIA as a crucial growth market. This is because the outlook for the industries has generally improved, as a result of higher commodity prices, quick technological improvements, and a more accommodating local regulatory framework. Given that they have …

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Paladin to restart production in 2024

Paladin Energy, a uranium mining company, intends to resume operations at its Langer Heinrich Mine (LHM) in Namibia. Due to the low uranium prices in 2018, the LHM was shut down. The mine had previously generated more than 43Mlb U3O8. Due to the solid fundamentals of the uranium market and …

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Namibia has several uranium projects in the pipeline just waiting for the price to recover

Namibia’s finance minister said uranium miners are waiting for prices to recover before restarting projects in the continent’s largest producer of the ore, which is needed for nuclear power in a world moving away from fossil fuels. According to Finance Minister Ipumbu Shiimi, the semi-arid southwest African nation is investing …

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Langer Heinrich mine production return scheduled for 2024

Paladin Energy, a uranium firm based in Australia, revealed intentions on Thursday to fund A$215 million to reopen the Langer Heinrich uranium mine in Namibia. The equity offering will consist of a single tranche fully underwritten share placement worth A$200 million and a non-underwritten share purchase plan (SPP) worth up …

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New mining activities set to spur Namibian economy

Economic analysts believe that the industrial sector is set to benefit from planned expansions of existing diamond, gold, and tin mining operations; the possible resuscitation of mothballed zinc, copper, and uranium mines; and the development of new ‘battery mineral’ mines. Namibia’s prospects look more positive as growth is expected to …

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Uranium production increase by 7.6 percent

According to sectoral report released last week by the Namibia Statistics Agency (NSA), the Uranium Production Index a increased on a monthly basis by 7.6% in November 2021, compared to a deterioration of 13.5% recorded in the preceding month. On yearly basis, the index posted a growth of 32.2%. “The …

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Namibia exports increase to N$5.4 billion, Mining accounts for 70 per cent

Namibia Statistics Agency’s most recent trade statistics has revealed that mining production across various commodities boosted exports significantly in June 2021, with exports increasing by 14.1 per cent to N$8.6 billion, up from N$5.4 billion the previous month. According to the Statistics Agency, key commodities accounted for just over 70% …

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Marenica discovers a massive new uranium system in Namibia

Marenica’s uranium exploration efforts in Namibia are still paying off, with the company discovering a massive palaeochannel system that stretches for at least 19 kilometres. The Namib IV system is located northeast and southwest of the Hirabeb and Koppies systems, but it is separate from them. Marenica Energy’s (ASX: MEY) …

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Namibia strategise to boost local ownership

Namibia, a major producer of diamonds and uranium, announced on Wednesday that locals who hold mineral exploration licenses would no longer be able to sell them to foreigners, in an effort to reduce speculation in the field. Mines and Energy Minister Tom Alweendo revealed that effective April 1, Namibian mining …

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