A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the region should invest in renewable energy.According to the market research firm, off-grid mines could benefit from reducing their dependency on diesel while...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
Proposed surface facilities for the Rook I property. (Image: NexGen Energy)SASKATCHEWAN - NexGen Energy of Vancouver has compiled a report on the pilot holes for shaft development and additional exploration drilling of the Arrow uranium deposit at its Rook I project near Patterson Lake in the Athabasca Basin.Three shaft pilot holes were drilled to between 650 and 702 metres and within a 6-metre su...Read More
Weekly Reports |Feb 12 2019With a Democrat majority in the House, US energy policy may up for greener scrutiny. But will nuclear be a part?-US uranium production well down in 2018-Cameco production well down in 2018-US uranium market overwhelmed by red tapeBy Greg PeelThe US produced 345,425lbs U3O8 equivalent in the December quarter 2018, down -35% on the September quarter and -45% on December 20...Read More
Canada's Cameco (TSX:CCO) (NYSE:CCJ), the world's largest publicly traded uranium miner, is in no rush to resume production at its idled operations due to "ongoing challenging and uncertain" uranium market conditions.The Saskatchewan-based miner indefinitely shut last year its flagship McArthur River mine - the world's biggest - and also the Key Lake mill, which has helped the market. But while...Read More
The Minerals Council of Australia published a report titled The Next Frontier: Australian Mining Policy Priorities where it asks the government to advanced a revived tax reform that removes barriers that hinder the growth of the country's mining sector.According to the Council, such reform would encourage additional investment in capital and technology."Australia should have strong tax integrity r...Read More
First Division Ventures (CSE: FDIV) announced this week that it has entered into an Assignment and Property Option Agreement with Geoxplor Corporation of Arizona, for the option to acquire a 100% interest in the Temple Mountain property in Utah.In a media statement, First Division said Temple Mountain occupies 435 hectares and is located in Emery county, 34 kilometres north of the town of Hanksvil...Read More
Nicolas Carter is an executive vice-president of uranium at UxC LLC, one of the nuclear industry's market research and analysis companies. Carter has 21 years of nuclear industry experience. He manages and coordinates uranium consulting projects and products, including The Ux Weekly, Uranium Market Outlook, Uranium Suppliers Annual and Uranium Production Cost Study. During his career he has p...Read More
Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. 28 geotechnical holes are to be drilled as part of the resource development phase of work, which is set to begin the first week of February.Fission laid out its program: 13 holes will be drilled in the Ring Dyke and Cuff-Off wall. Three holes will examine rock mechani...Read More
GoviEx Uranium (TSXV: GXU) is studying the possibility of powering its flagship Madaouela project in northern Niger using a dedicated and renewable hybrid solar power solution.GoviEx management is working with Windiga Energy and the companies have signed a memorandum of understanding to determine if the idea is feasible.Windiga is Canadian energy developer focused on building, owning and operating...Read More
Longitudinal representation of the Triple R uranium deposit. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. Twenty-eight geotechnical holes are to be drilled as part of the resource development phase of work. Work is to begin the first week of February.Fission laid out its pro...Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to build several mines in the gold space, the most recent, Harte Gold's (TSX: HRT; US-OTC: HRTFF)...Read More
Bannerman Resources Ltd (ASX:BMN) (OTCMKTS:BNNLF) expects RC drilling results back from a campaign near its proposed Etango uranium processing plant in Namibia this quarter as the company continues to progress an update to the definitive feasibility study for its flagship project.The company that regularly has its share price track with the uranium price, posted its quarterly reports to market tod...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Weekly Reports |Jan 29 2019Utility interest is building in the uranium market both for term deliveries and spot market purchases.-US nuclear generation set to decline-Kazakhstan cuts production and exports-Spot price moving upBy Greg PeelThe US Energy Administration last week published its 2019 Annual Energy Outlook, which projects US energy markets through to 2050. The report suggests the US will...Read More
Berkeley Energia Ltd (LON:BKY) shares jumped on Wednesday as the group updated on its progress with the Salamanca uranium project and highlighted that the fundamentals for uranium mining remain "very strong".In its latest quarterly report, the company said that spot uranium price continued to strengthen during the quarter, rising 4% to US$28.5 per pound by the end of the three months."The fundamen...Read More
NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin. Approximately 125,000 metres is planned, the results from which will be used in a bankable feasibility study for the Arrow uranium deposit.There are three objectives:Convert high grade indicated resources to measured. The high grade indicated resource is currently 2.9 million tonnes...Read More
KUALA LUMPUR - More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday.Only about a tenth of the nearly 93 billion tonnes of materials utilised annually - including minerals, metals, fossil fuels and biomass - are currently put back into service, said a report by Amsterdam-based social enterprise...Read More
Planned surface infrastructure for the Arrow uranium mine. (Image: NexGen Energy)SASKATCHEWAN - NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin. Approximately 125,000 metres is planned, the results from which will be used in a bankable feasibility study for the Arrow uranium deposit.There are three objectives:Convert high grade in...Read More
Greenland Minerals Ltd (ASX:GGG) largest shareholder Shenghe Resources Holding Co Ltd has formed a joint venture (JV) company with subsidiaries of China National Nuclear Corporation (CNNC).Shenghe will hold 45% of the JV company China Nuclear Sheng Mining Ltd which will be the designated agent for Shenghe for the import, export and trading of rare earth materials that carry radionuclides.Participa...Read More