Paladin to halt Langer Heinrich, expects uranium rebound in coming years

Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …

Kazatomprom delivers uranium to Brazil

The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel company Indústrias Nucleares do Brasil. The uranium miner said that the contract was significant in the context …

Take Advantage Of The Reduced Supply Among Uranium Producers

Summary Global uranium supply is decreasing, and the long-term demand is increasing. Cameco is testing the depth of the spot market with significant purchases to fulfill long-term delivery commitments. Cameco is one of the few companies that remain consistently cash flow positive in the industry. Energy Fuels’ spare capacity makes them an interesting investment in …

How to trust the expansion of uranium mining in India

The big picture of power availability in India stresses the importance of urgent action. The growing per capita power consumption along with high population growth rate, urbanisation and rising middle class emphasises the critical importance of improving new power generation capacity. The Central Electricity Authority estimates the requirement of energy generating capacity to increase from the current 43 GW to 640 GW by 2026-27. …

Namibia: Uranium mine records drop in output 

Australian-based uranium miner, Paladin Energy has recorded a 23 percent decline in the production at its Namibia Langer Heinrich Mine during the fourth quarter ending in March 2018.During the period under review, the Langer Heinrich Mine produced 670,456 pounds (lbs) of uranium oxide compared to 873,107 lbs produced in quarter three which ended in December …

Cameco swings into the black as it focuses on ‘what we can control’ – Gitzel

VANCOUVER (miningweekly.com) – Canadian uranium major Cameco is settling in to a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to translate …

USA and France Sign Statements of Intent on Advanced Fast Neutron Sodium-Cooled Reactors

WASHINGTON, D.C. – U.S. Energy Secretary Rick Perry and François Jacq, Chairman of France’s Alternative Energies and Atomic Energy Commission (CEA), seized the occasion of President Trump’s Head-of-State welcome for French President Emmanuel Macron to sign two Statements of Intent (SOIs). The signing ushers in a new era of DOE-CEA research and development (R&D) cooperation …

Paladin moves to mothball Namibia uranium mine

PERTH (miningweekly.com) – Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation under care and maintenance. Paladin previously told shareholders that the medium-grade ore stockpiles currently being used as feed for the …

Uranium Carry Trade Retains Competitive Edge With Nuclear Utilities

Andrea Jennetta , Contributor Financial carry trade uranium deals still offer the cheapest supply source for nuclear utilities in 2019-2022. Paladin CEO Alexander Molyneux said last week that such contracts “remain the most competitive source of supply” for uranium fuel buyers, despite indications from the U.S. Federal Reserve that interest rates will rise four times this year for …