Uranium

Paladin Energy Ltd’s pre-feasibility study (PFS) for the resumption of the Langer Heinrich uranium mine has provided enhanced economics and potential for capacity expansion at the Namibian mine. The study has confirmed that $80-million in capital will be required to support a 5.2-million-pound-a-year operation. The Namibian mine look set to …

Uranium miner Paladin Energy expects to benefit should there be a substantial increase in the uranium price, following signs of recovery in late 2018, chairperson Rick Crabb said in the company’s annual report for the 2019 financial year, published on Tuesday. The miner owns 75% of the Langer Heinrich mine, …

Uranium explorer, Deep Yellow Deep Yellow Limited last week advised that the Ministry of Mines and Energy have notified the company of their preparedness to grant the renewal of Exploration Prospecting Licences (EPLs) 3496 and 3497 for a further two years, until 4 August 2021. The announcement was made last …

Deep Yellow has reported encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5. According to the company, the program was completed in April 2019 with a total of 211 RC drill holes for 1,951m drilled. The project’s …

Rio Tinto has sold its entire 68.62% stake in the Rössing uranium mine for an initial cash payment of $6.5 million plus a contingent payment of up to $100 million. The $100 million contingent payment is linked to uranium spot prices and Rössing’s net income during the next seven calendar …

Uranium production in the country is forecast to rise by 50 percent, year-on-year this year, double the rate of expansion from last year’s 20 percent, a research firm has said. Fitch Solutions Macro Research’s recent Africa Monitor report for Southern Africa said depressed uranium prices due to overcapacity led to …

Bannerman Resources developers of Etango Uranium Project one of the world’s largest undeveloped uranium projects have recently completed reconnaissance drilling program on exclusive prospecting licence (EPL) 3345. “We are very encouraged by the potential for resources at the Ombepo target, located 7 km from the proposed Etango primary crusher. “The …

Deep Yellow’s broad delineation drilling in the Tumas 1 East area on EPL3497 has been completed indicating extensive uranium mineralisation. “Our work on the Reptile Project is again confirming the very high prospectivity of the Tumas palaeochannel system that has been identified. The new zone of mineralisation that has been …

Rio sells uranium stake Rössing Uranium mine Rio Tinto has plans to offload its stake in Rössing Uranium Mine to China General Nuclear Power Company (CGNPC). Though the mining giant has not officially acknowledged the negotiations with CGNPC, energy minister Simeon Negumbo has confirmed the development to media. Rio has …

Deep Yellow has commenced a 10,000m RC drilling program on the Reptile Project within EPLs 3496 and 3497. The project under Reptile Uranium Namibia  is to assess approximately 40km of the 100km of highly prospective palaeochannel system that has been delineated and remaining to be tested. This system includes the …