Perth – Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade low price of $20/lb,” Munro said on Thursday. “While all commodity markets are cyclical, and it …
Uranium ore samples collected by ASX-listed Marenica Energy from the Langer Heinrich uranium mine in Namibia have been received in Perth for immediate test work. Namibia – The aim of the test work is to confirm the substantial benefits expected from implementation of Marenica’s proprietary U-pgrade process on the ore. In June, Marenica Energy and Paladin Energy agreed to conduct …
With a grim forecast for their industry, many speakers at a recent global uranium symposium exhibited a kind of gallows humor. Take the introductory lines of the conference chair, Paul Goranson, an executive vice president at Energy Fuels, who joked that he was drafted into his unenviable position after he happened to miss a meeting. …
Namibia’s current account deficit will narrow substantially through to 2020. The trade deficit will shrink significantly as the completion of the Husab uranium mine and several construction projects will simultaneously boost mineral exports and decrease demand for imports linked to construction. At the same time, Southern African Customs Union (SACU) receipts will broadly hold up, …
The Sultanate of Oman is to become a long-term strategic investor in Berkeley Energia through an investment agreement worth up to $120 million. The investment means that the Salamanca uranium project in western Spain is now fully funded and can proceed to production. The agreement with the State General Reserve Fund (SGRF) – the sovereign …
ASTANA – The International Atomic Energy Agency’s (IAEA) Low Enriched Uranium (LEU) Bank will be launched Aug. 29 at the Ulba Metallurgical Plant in Ust-Kamenogorsk, said Parliament Senate Chairman Kassym-Jomart Tokayev at the opening of the 62nd Pugwash Conference on Science and World Affairs here on Aug. 25. The conference titled “Confronting New Nuclear Dangers,” …
An international nuclear watchdog agency will open the first independent “bank” for nuclear reactor fuel on Aug. 29 in Kazakhstan, a bid to forestall developing nations from building their own nuclear capabilities. Uranium can both make electricity and make bombs, a key dilemma of the nuclear age. The International Atomic Energy Agency’s low-enriched uranium (LEU) bank is intended to …
A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium oxide (U3O8) resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner said on Wednesday that the bulk of the resource growth was a function of upgrading inferred resources to the measured and …
Australian official rejects reports of delay, and says move won’t slow down coal exports Discussions are at a ‘well-advanced’ stage for Australia’s uranium sale to India, to fuel nuclear power plants in the energy-starved developing nation, according to an Australian government body’s top official. Dismissing allegations that uranium supply was facing ‘delays’ due to the …
On a recent morning, the Nichols Ranch mine was quietly leaching uranium from rock formations buried hundreds of feet beneath the surface of the Powder River Basin. A handful of employees slept in a trailer outside the plant after their 12-hour shifts as mine manager Bernard Bonifas pulled up at the main office to …
