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 …
VANCOUVER — NexGen Energy (TSX: NXE; NYSE-MKT: NXE) has unveiled its maiden mine plan for the high-profile Rook I uranium project along the southwestern edges of Saskatchewan’s Athabasca Basin. On July 31, the company released a preliminary economic assessment (PEA) that outlines a 1,450-tonnes-per-day underground mine with a 17-year life. The study estimates initial capital expenditures totaling …
PARIS (Reuters) – The French state has fully subscribed to a 2.5 billion euro ($2.92 billion) capital increase of nuclear fuel group Areva NewCo, completing one of the last stages of a complex state-funded restructuring of the company, Areva said on Thursday. Areva (AREVA.PA) said that the 500 million euros that Japanese companies Mitsubishi Heavy …
Madaouela is an advanced-stage uranium project being developed near Arlit in north-central Niger. The project is located within the most significant sandstone-hosted uranium deposits in the world. Environmental and social impact assessment (ESIA) of the Madaouela project was completed in March 2015. The Niger Government granted a mining permit for the Madaouela I tenement area in February …
