Uranium and Fuel rss

Paladin announces arbitration proceedings

23 March 2017

Paladin Energy Limited plans to start arbitration proceedings against CNNC Overseas Uranium Holdings Ltd (CNNC Overseas) amid indications it will seek to acquire Paladin's interest in the Langer Heinrich uranium mine in Namibia. CNNC Overseas bought a 25% joint venture equity stake in Langer Heinrich for $190 million in January 2014.

US agencies look at excess uranium inventory

10 March 2017

The US Department of Energy has asked for public comment on the effects of potential transfers of its excess uranium inventory on the country's uranium mining, conversion and enrichment industries. The DOE's request was issued the day after the US Government Accountability Office raised issues related to excess uranium transfers over the past decade including questions on the DOE's assessment of market impact studies; the valuation of depleted uranium tails; and the legality of some transfers.

Operating licence granted for Reno Creek project

27 February 2017

CORRECTED: The US Nuclear Regulatory Commission has issued an operating licence to AUC LLC for the Reno Creek in-situ leach uranium project in Campbell County, Wyoming.

European approval for Salamanca offtake agreement

21 March 2017

The Euratom Supply Agency, the nuclear watchdog of the European Union, has approved Berkeley Energia's offtake agreement for the sale of the first production from its Salamanca uranium mine under development in Spain. The mine is expected to enter production in late 2018.

Final approval for Mulga Rock uranium project

06 March 2017

Mulga Rock project - 48Australia's minister for the environment and energy has approved Vimy Resources' development of the Mulga Rock uranium project. It is the final approval required for work to start on the project in Western Australia.

Restructuring allows Paladin to grow, says CEO

21 February 2017

Langer_Heinrich_night_(Paladin)-48A restructuring of Paladin Energy's balance sheet, announced in January, will position the Australia-based uranium company to increase production rather than service its debt in response to a 'normalising' uranium market, its CEO said yesterday.

The public information mission of World Nuclear News is supported and made possible by the members of the World Nuclear Association.