Mining rss

KazAtomProm transformation on track

Corporate

15 September 2017

KazAtomProm is making progress in its transition to become a market-led, flexible supplier, the company's Chief Commercial Officer Riaz Rizvi said today at the World Nuclear Association's Symposium. The company is transforming its approaches to both production and marketing.

CNNC decides against Langer Heinrich buyout

Corporate

21 August 2017

Langer Heinrich sign (Paladin) 72x48The Langer Heinrich uranium mine in Namibia will remain under the ownership of Paladin Energy as the company goes through administration after joint venture partner CNNC Overseas Uranium Holdings decided not to exercise its option to acquire Paladin's share of the mine. Paladin owes EDF $277 million. million,

China, Pakistan agree to uranium cooperation

Uranium and Fuel

31 July 2017

China and Pakistan have agreed to cooperate in uranium exploration and mining. China National Nuclear Corporation (CNNC) said it had signed a framework agreement with the Pakistan Atomic Energy Commission yesterday for technical cooperation in the exploration and development of uranium resources. China signed a similar agreement with Saudi Arabia earlier this year.

Salamanca uranium project fully financed

Uranium and Fuel

31 August 2017

Salamanca_road_construction_(Berkeley)-48The 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.

Kyrgyzstan ratifies remediation agreement

Uranium and Fuel

18 August 2017

Mailuu-Suu_(European_Commission)-48All the basic conditions are now in place for remediation work to begin at several uranium legacy sites in Kyrgyzstan after the country ratified a framework agreement with the European Bank for Reconstruction and Development. The European Union is to provide an initial contribution of €16.5 million ($19.4 million) for the work.

Langer Heinrich company value seen at $583 million

Corporate

25 July 2017

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.