Proposed refinancing comes after Paladin failed to sell a 24% stake in its Langer Heinrich mine to China National Nuclear Corporation (CNNC), which was expected to fetch $175 million.
Namibia Mining News
The country's uranium output is expected to triple in 2017 as the massive Husab mine begins production.
The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.
B2Gold’s stock has gained almost 229% so far this year.
Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
Uranium production in Namibia is expected to triple by 2017 with the ramp-up of the massive Husab mine, states a senior government official.
Once fully operational, the Husab mine will have the potential to produce 15 million pounds of uranium oxide.
The Namibia Diamond Trading Co, a joint venture with De Beers, lays charge of theft of the 78-carat stone which could be worth up to $6 million.
Way to early to for uranium stock investors to rejoice, but after eight straight sessions of gains the market seems to be entering recovery mode.
Minister of Mines and Energy Isak Katali said the idea is to give diamond dealers and manufacturers the opportunity to buy directly from locals.
Deal will allow North River to fast-track the development of its flagship lead and zinc mine.
This is not the first time Rio Tinto axes jobs at this mine. In 2013, it sacked 276 workers, following losses on reduced demand for the metal.
In the early 1900s, after the discovery of diamonds in the southern Namib desert, German miners flocked to the area, developing this unique town known as Kolmanskop.
New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.
Most cases coming from Rio Tinto’s Rössing mine, according to report.
50 mines are estimated to account for 90% of global rough diamond supply in 2014.
AngloGold had agreed to sell its Navachab gold mine to a private group, but the country's wants a piece of the pie too.
Driver was not injured. Co-driver suffered minor injuries.
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
The collapse of a leach tank at Australia’s Ranger uranium mine, operated by Rio’s subsidiary Energy Resources of Australia, was the second such incident for the mining giant in less than a week.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
55% tax rate and 10% royalty on turnover makes life difficult for marine miner Namdeb.
Companies say they haven't heard of it.
The Australian uranium miner must now tap the markets for $75 million.
This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.