Uranium

Swakop Uranium has announced that production at its Husab mine in Namibia would commence late next month. Local media reports said the planned operationalisation of the mine was disclosed by company CEO Zheng Keping when he paid a courtesy call on VP Nickey Iyambo in Windhoek recently Keping said once …

Rising mining production and cutbacks on nonessential spending will see Namibia’s fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia’s fiscal balance will begin to narrow over 2017, after widening substantially this year, on …

The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive. In the wake of the March 2011 Fukushima disaster, Japan closed its nuclear reactors, which …

ASX-listed Marenica Energy and fellow-listed Deep Yellow have inked a technology licence agreement that will see Marenica provide its U-pgrade technology to develop the Tumas uranium project, in Namibia. Marenica’s U-pgrade technology could potentially deliver significant project and operating cost savings at Tumas, and the two parties have agreed to …

Namibian uranium miner Areva Resources Namibia has offered to sell its private 26-million cubic metres water plant to the Namibian government for $200-million (N$3.1-billion) to mitigate a nationwide water crisis that has hit cities and the mining industry hard. Areva Resources Namibian MD Hilifa Mbako told journalists that the company …

A new Africa-focused uranium champion is in the making, with the planned combination of Canadian explorers Denison Mines and GoviEx Uranium’s assets on the continent which, once completed, was expected to comprise the largest undeveloped uranium resource base in the world. Despite the partners recently announcing that closing of the …

The Namibian Uranium Association (NUA) is an independent association representing the interests of all operating uranium mines, most of the uranium exploration companies and contractors associated with the industry. It is governed by a board of trustees. The purpose of the association is to promote the development of an efficient …

Australian uranium miner and owner of the Langer Heinrich mine, Paladin recently announced that it would cut costs further following an announcement last week that it was scalling down on its capital expenditure as the mining house adapts to a low uranium spot price. Said Paladin in a statement, “these …