Mining rss

Paladin announces arbitration proceedings

Uranium and Fuel

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.

Cameco considers future of US operations

Corporate

09 March 2017

Crow_Butte_(Cameco)-48Cameco has confirmed it is evaluating the possibility of divesting its US uranium facilities, although no decision has yet been made to sell any assets. The company's combined operations at Smith Ranch-Highland in Wyoming is the largest uranium production facility in the USA.

Restructuring allows Paladin to grow, says CEO

Uranium and Fuel

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.

European approval for Salamanca offtake agreement

Uranium and Fuel

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.

Areva and CNNC eye fuel cycle partnership

Corporate

22 February 2017

Areva-CNNC - February 2017 - 48France's Areva and China National Nuclear Corporation have signed a framework agreement for industrial and commercial cooperation in the nuclear fuel cycle.

Bannerman starts work on Etango feasibility update

Uranium and Fuel

02 February 2017

Etango_demo_plant_view-(Bannerman)_48Bannerman Resources Limited has completed its Etango heap leach demonstration plant project and begun work to incorporate its findings into the Namibian uranium project's definitive feasibility study.