Uranium

Construction at the Swakop’s uranium mine Husab has been completed ahead of the projected full scale operations in August 2018. Zheng Keping the company’s Chief Executive Officer said workforce adjustments have also been made to ensure smooth production, despite controversies. Husab Mine started construction in 2013 with about 4 500 …

ASX-listed Bannerman Resources has announced intentions to update the definitive feasibility study (DFS) for Etango uranium project. The company said the development comes following the conclusion of the heap leach demonstration plant programme. According to the company the updated DFS will target capital and operating cost reductions, with the demonstration …

The Namibian government recently announced the lifting of a 10-year moratorium on new applications for exploration licences on nuclear fuel minerals. The Ministry of Mines and Energy announced in a statement that it is withdrawing the reservation of any area in Namibia from any prospecting and mining operations in respect …

ASX-listed Bannerman Resources will update the definitive feasibility study (DFS) for its Etango uranium project, in Namibia, following the conclusion of the heap leach demonstration plant programme. “Our two-year commitment to the Etango demonstration plant programme has been a remarkable success. Not only have we consolidated Etango’s position as one …

Uranium miner Paladin Energy has warned shareholders of a delay in the completion of the sale of a 24% interest in the Langer Heinrich mine, in Namibia, to a Chinese company. The dual-listed firm is selling a 24% interest in Langer Heinrich to CNNC Overseas Uranium Holdings and up to …

Bannerman Resources, which has plans to develop the Etango uranium project in the Erongo Region, has engaged Rand Merchant Bank to undertake a process to identify local investors and broad-based beneficiaries to meet the 5% Namibian equity ownership requirement, the company said in a report posted on the Namibian Stock …

Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to 600 000 lbs U3O8, …

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 …