Related Topic: Mining

Pirmatov highlights shifting market sentiment

Pirmatov highlights shifting market sentiment

Kazatomprom CEO Galymzhan Pirmatov highlighted changing sentiment in the uranium market when announcing the Kazakh uranium producer's half-yearly financial results yesterday. The impact of reductions in Kazatomprom's operations due to COVID-19 measures will not be seen until the second-half of this year, he said, and the company expects its inventory levels to fall below its target of six to seven months of annual attributable production in 2020 and 2021.

Uranium & Fuel 28 August 2020


Refreshed DFS improves Mulga Rock economics

Refreshed DFS improves Mulga Rock economics

A newly completed update to Vimy Resources' definitive feasibility study for the Mulga Rock Project in Western Australia has demonstrated stronger financial returns than previously forecast for the uranium project, the company says. The DFS Refresh indicates an 8% decrease in cash operating costs over the first five years to USD23.33 per pound, and a 7% decrease over life-of-mine.

Uranium & Fuel 26 August 2020


Kazatomprom extends uranium production cuts into 2022

Kazatomprom extends uranium production cuts into 2022

Kazakhstan's JSC National Atomic Company Kazatomprom says it will continue to "flex down" production by 20% through 2022. The company is also maintaining its 20% reduction in 2021, with no additional production planned to replace volumes lost in 2020 due to the measures taken to combat COVID-19.

Uranium & Fuel 19 August 2020


Berkeley granted land use permit for Salamanca

Berkeley granted land use permit for Salamanca

The Municipality of Retortillo has issued Berkeley Energia a land use permit, known as an Urbanism Licence, for construction works at the Salamanca uranium project in western Spain. The project still requires a construction permit for the uranium processing plant before full construction of the mine can begin.

Uranium & Fuel 12 August 2020


Bannerman study scopes out alternative Etango development

Bannerman study scopes out alternative Etango development

Developing the Etango uranium project in Namibia as an 8 million tonnes per year (Mtpa) throughput operation as opposed to the 20 Mtpa operation envisaged in previous studies will cut upfront capital costs while maintaining project economics, according to a newly completed scoping study by Bannerman Resources.

Uranium & Fuel 10 August 2020


Kazatomprom uranium miners set to return to work

Kazatomprom uranium miners set to return to work

Kazakhstan's JSC National Atomic Company Kazatomprom plans to return staffing levels at its uranium mines to normal by around the end of this month. The number of employees at the mine sites was reduced between April and July in response to the COVID-19 pandemic.

Uranium & Fuel 04 August 2020


Judge upholds Virginia's uranium mining ban

Judge upholds Virginia's uranium mining ban

Virginia's 38-year-old moratorium on uranium mining will continue following a district court ruling in a case challenging its constitutionality. Virginia Uranium Inc first brought the state suit in 2015 in its effort to mine what it claims is the largest known uranium deposit in the USA.

Uranium & Fuel 04 August 2020


Canadian uranium production set for September restart

Canadian uranium production set for September restart

Cameco and Orano Canada have announced plans to restart operations at the Cigar Lake uranium mine and the McClean Lake mill. Cameco will restart mine operations at the beginning of September, and Orano expects to be processing uranium by the middle of the month.

Uranium & Fuel 30 July 2020


Denison resumes ISL work at Phoenix

Denison resumes ISL work at Phoenix

Denison Mines has resumed in situ leach field testing activities at the high-grade Phoenix deposit at Wheeler River in northern Saskatchewan, Canada. All operating procedures have been adapted to incorporate physical distancing and enhanced hygiene protocols to comply with COVID-19 health and safety guidelines.

Uranium & Fuel 28 July 2020


Remediation work begins at Kyrgyz legacy uranium site

Remediation work begins at Kyrgyz legacy uranium site

Work has started in Kyrgyzstan to overcome the legacy of uranium mining in Central Asia with a ground-breaking ceremony in Shekaftar, the European Bank for Reconstruction and Development announced today. The Shekaftar mining complex includes three closed mines and eight mining-waste disposal areas that contain about 700,000 cubic metres of waste from mining operations.

Uranium & Fuel 28 July 2020