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 …

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 …

Keeping Score of Canada’s Infamous Uranium Reservoir – The Athabasca Basin

EXCLUSIVE TO SIGHTLINE|U3O8 – Anyone who follows the uranium market is familiar with Canada’s legendary Athabasca Basin (the “Basin”) – host to the “world’s richest uranium deposits with U3O8 grades reaching 10 times that seen around the rest of the world”. Most, however, may not be familiar the true bounty of the region’s uranium stores …

Battle still on against uranium mine

Conservationists are considering a High Court appeal against the State Government’s decision to provide environmental approval to the State’s largest uranium deposit in the northern Goldfields after the WA Supreme Court knocked back an application for judicial review yesterday. Former environment minister Albert Jacob approved Cameco’s Yeelirrie Mine near Wiluna in the dying days of …

Resources Increase at the Eastern Athabascas Largest Undeveloped Uranium Project

David Talbot, an analyst with Eight Capital, shared the details of the recently updated estimated mineral resource at this project and its impact on the target price for the company’s stock. In a Feb. 5, 2018, research note, analyst David Talbot relayed that Eight Capital raised its target price on Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) on the …

Supply cuts a ‘step change’ for uranium price 

The announcement made by uranium giant Cameco in November  that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan and surprisingly deep three-year cuts by Kazakhstan’s state-owned Kazatomprom  provide a “step change” for uranium prices says a new report on the sector from Cantor Fitzgerald equity research. On Monday, the world largest producer …

Boss consolidates Honeymoon uranium project ownership

JOHANNESBURG (miningweekly.com) – ASX-listed Boss Resources has entered into a binding conditional agreement to buy Wattle Mining – the owner of 20% of the shares in the Honeymoon uranium project – in a move that will give the company full ownership of the South Australian project. Consolidating the ownership sets the Honeymoon project on the path to be Australia’s next uranium producer, with production of about …