Suncor Energy has an image problem that seems incurable. The Alberta oil sands giant produces vast amounts of synthetic crude oil, a product that comes with a rather frightening carbon footprint. As the oil sands expand, Suncor will become an ever-bigger target for climate-change activists and green-tinged politicians. Even Justin Trudeau, who may or may …
Paladin Energy Ltd’s pre-feasibility study (PFS) for the restart of the Langer Heinrich uranium mine has delivered improved economics and potential for capacity expansion. The Namibian mine could return to production within 12 months of a restart decision and favourable market conditions, the company said. Western Australia-based Paladin began the two-stream PFS in March. The …
Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies. The move to restart Caetité, halted since 2014, is President Jair Bolsonaro’s administration latest efforts to attract foreign commercial interest to an …
For what seems like the fifth or sixth year in a row, the uranium market has managed to make fools of those of us calling for a new bull market. I’m new to the club but guilty as charged… so far. Those of you who have been fortunate enough to have made money from the …
Brazil plans to restart domestic uranium mining in 2019 for the first time in five years, the mines and energy minister told a newspaper in an interview published on Monday. Operations would begin this year at a mine in the city of Caetite in the northeastern state of Bahia, Minister Bento Albuquerque told Estado de …
French utility EDF’s (EDF.PA) plan to restructure itself will be delayed for at least a few months as it awaits a broader reform of power regulations, the head of state-owned power group said in a letter seen on Friday. EDF was expected to present firm proposals for the overhaul, known as “Project Hercules”, by the …
Kazakhstan’s Energy Minister Kanat Bozumbayev met with the representative of the National Agency for the Atomic Energy of China, the press service of the Kazakh Energy Ministry said on 18 September, adding that Bozumbayev supported the proposal of the Chinese side to purchase export volumes of Kazakh products to meet the needs of China’s nuclear …
Leading Namibian mine deploys powerful standalone ERP solution to improve visibility across organisation and unlock greater efficiencies in daily operations. Mining is an important pillar of the Namibian economy, contributing an estimated 12% to the country’s GDP in 2017. One of the jewels in the country’s resources crown is Rössing Uranium, one of the longest-operating …
As a general rule, the most successful man in life is the man who has the best information. Uranium sector won’t catch a break One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in …
As uranium bulls, we are getting excited for the last few months of 2019 – which could see the uranium price appreciate materially. We are expecting the spot price of uranium to close the year somewhere between $30 and $35 (current spot price is $25.65). This potential 20% rise in the spot uranium price should …