Mining rss

Paladin creditors agree to proposed restructuring

Corporate

11 December 2017

Paladin Energy's creditors have agreed to a proposal to restructure the company's debt and reinstate it to quotation on the ASX. The Western Australia-based company's creditors have executed the proposed deed of company arrangement (DOCA). Major creditor Electricité de France previously said it may seek to have the DOCA, which it claims is unfairly prejudicial towards it, terminated.

Kazakhstan to cut uranium production

Uranium and Fuel

04 December 2017

KazAtomProm_drums_(KazAtomProm)-48NAC KazAtomProm will reduce planned uranium production by 20% to better align output with demand, the company announced today. The cuts will be enacted for a period of three years beginning in January 2018, it added.

Etango study identifies capital savings

Uranium and Fuel

10 November 2017

Etango_demonstration_plant_(Bannerman)_48A recently completed process optimisation study has shown how Bannerman Resources can save an estimated $73 million in capital costs at its Etango uranium project. The study forms the first part of Bannerman's update of the definitive feasibility study for its 95%-owned Namibian project.

Uranium suppliers respond to production cuts

Uranium and Fuel

07 December 2017

Recent announcements of production cuts by the world's two biggest uranium producers - Cameco and KazAtomProm - have been greeted as positive developments by mining companies.

US Q3 uranium production falls by 17%

Uranium and Fuel

20 November 2017

US_Q3_uranium_2017_(EIA)-48US uranium production for 2017 to date is down 17% from the same period in 2016, according to the US Energy Information Administration's latest quarterly Domestic Uranium Production Report. Meanwhile, the US Geological Survey has found uranium-bearing calcrete formations in the USA for the first time.

Cameco to suspend McArthur River and Key Lake

Uranium and Fuel

09 November 2017

Cameco Corp will temporarily suspend production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan by the end of January "due to continued uranium price weakness", the Canadian uranium producer announced yesterday. The duration of the suspension and temporary layoff of about 845 workers is expected to last 10 months, it said.