Uranium

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 …

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 …

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 …

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 …

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 …

Deep Yellow Limited has announced that it has increased the tempo of the work programme at its Reptile Project in Namibia. The uranium miner announced recently that the acceleration programme is to determine the economic feasibility of the Tumas channel uranium deposits and this has led to contracting of two …

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 …