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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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Deep Yellow’s Tumas project on track

Reptile Uranium’s pre-feasibility study (PFS) at Tumas Project continues to progress on schedule, with a number of key work-streams being advanced, the parent company Deep Yellow has reported. Deep Yellow said a sufficient level of metallurgical work has been completed, which has allowed to adequately define the project metallurgy. The …

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Scoping study for Etango-8 uranium project released

Bannerman Resources has completed scoping study for an 8Mtpa development of its flagship Etango Uranium Project in Namibia. Brandon Munro, Bannerman’s Chief Executive Officer said the Etango-8 scoping study represents successful culmination work. “Last year we commenced a review of various project scaling opportunities that might exist for the Etango …

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Africa’s uranium first mover

TSXV-listed uranium junior GoviEx Uranium is looking to take advantage of changing market fundamentals and use its first-mover advantage in Africa. The company remained steadfast in the development of its mine-permitted Madaoela uranium project in Niger despite uranium’s fall from favour. Company CEO Daniel Major’s unwavering commitment to the asset, …

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Second economic stimulus on the horizon for Namibia

Namibian Minister of Finance, Iipumbu Shiimi, recently said the government will soon announce a second package aimed at stimulating medium to long-term economic recovery. said recently. The president will announce this lifeline in the coming months, Shiimi said. All eyes are on treasury, however, to see which stimulus tools they …

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Bannerman ideally positioned for a bull run

Bannerman, the developers of Etango have announced its ideally positioned to withstand the current global market uncertainties. The company said is ready to react positively to improvements in the uranium market as COVID-19 uranium supply disruption continues or expands. “We have a strong cash balance, low cash burn and an …

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Water woes a blow to mining companies

Inconsistent water supplies from Orano Desalination Plant are causing distress to mining companies in Namibia. Swakop Uranium Mine says it has lost N$1,9 billion over the past two years because of a French state-owned nuclear company’s inconsistent water supply. This mine is not the only one complaining. Rössing Uranium is …

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Etango developers optimistic in 2020

Bannerman Resources has invested into high-impact optimisation opportunities at its Etango Uranium Project. Brandon Munro, Bannerman’s Chief Executive Officer said the development is positioning the business for a sustained recovery in the sector while preserving shareholder value. “Uranium investors will remember 2019 as a disappointing year, with the sector dogged …

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Orano mining restructures its top-level structure

Orano Mining Namibia has announced its internal restructuring within the top-level structure. The move is part of the larger group’s ongoing global responsiveness to internal and external business dynamics. According to the company, Hilifa Mbako steps down as Managing Director of Orano Mining Namibia with effect from 01 January and …

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