Tuesday , April 23 2024

Uranium

Uranium Boom Loses Steam: Water Woes Threaten Namibia’s Nuclear Growth

Namibia’s ambitions of riding the rising tide of the global uranium market might be dampened by a familiar foe – water. The Bank of Namibia (BoN) has cast a shadow over the industry’s jubilant growth, predicting a significant slowdown in 2024 due to water supply constraints. This comes as a …

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OAR Makes a Power Play in Namibia, Expanding Uranium Footprint

Johannesburg – In a move that strengthens their position as a key uranium player, Oar Resources Limited (OAR) announced this week that they have secured a foothold in Namibia, a country synonymous with large-scale uranium production. This expansion marks a significant step for OAR, venturing beyond their current projects and …

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Namibia’s Langer Heinrich Mine Awakens: Uranium Production Nears, but Hiccups Remain

Namibia’s iconic Langer Heinrich uranium mine is stirring awake after a six-year slumber. While the first commercial production remains targeted for the first quarter of 2024, a slight delay might occur due to lower contractor productivity over the festive season. Despite this hiccup, the commissioning and operations teams have collaborated …

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Namibia seeks to reap more value from its mineral wealth

Namibia is considering taking minority stakes in mining and petroleum producers to reap more value from its mineral wealth, the African country’s mining minister told lawmakers, weighing on shares of mostly Australia-listed miners on Tuesday. Namibia is one of the biggest uranium producers in the world. It is also a …

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Madison Metals extends closing of Khan uranium project in Namibia

Upstream mining and exploration company Madison Metals and an arm’s length vendor have mutually agreed to extend the closing of the Khan project agreement covering mining licence (ML) 86A and exclusive prospecting licence (EPL) 8905 in Namibia. ML 86A and EPL 8905 are said to be key strategic licences to …

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We were not given an opportunity to prove the method of uranium extraction would not contaminate underground water: Rosatom

A court in Namibia is hearing an appeal by the local branch of Russia’s state-owned atomic energy agency, Rosatom, which is seeking water permits needed for uranium mining. The government of Namibia, the world’s second-biggest nuclear fuel producer, said last year that a mining company owned by Rosatom had failed …

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Life of Rössing Uranium Mine Extended by 10 Years To 2036

Following the completion of the bankable feasibility study, the Rössing Board of Directors approved the Life of Mine Extension (LoME) with ten years from 2026 to 2036 and the recommended operating model. This was announced by Rössing Uranium Managing Director, Johan Coetzee on 24 February 2023. According to Coetzee, this …

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Mulga Rock’s evaluation highlights increase in uranium

Deep Yellow is upbeat that critical minerals assessment of Mulga Rock has indicated potential to spur the project. “The recovery of critical minerals from the Mulga Rock Project, if feasible, has the potential to materially enhance project value. This initial drill program will provide data to better define the distribution …

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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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