Uranium

Uranium expert and representative of the International Atomic Energy Agency, Dr Martin Fairclough, predicts the world will face a shortage of uranium within the next three decades, as demand will outweigh supply. Speaking at the opening of the Uranium International Conference in Swakopmund, Fairclough said countries should vigorously explore and …

Bannerman Resources has completed the Namibian Partner Transaction, which sees One Economy Foundation become a 5% loan-carried shareholder in the Etango uranium project in Namibia. The transaction fulfills an emerging industry-wide requirement for a minimum of 5% Namibian ownership. The One Economy Foundation was chosen as the preferred investor for …

Bannerman Resources Limited developers of Etango Mine have reported a successful first quarter positioning the company to improve Namibia’s uranium sector outlook. The company says has continued its solid progress over another successful quarter, culminating in commencement of Definitive Feasibility Study (DFS) update to gauge the capital and operating cost …

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, …