Government and company agreements also allow for the Madaouela mining permit to expand and include an additional 5.96 million pounds of measured and indicated resources.
NIGER Mining News
GoviEx Uranium is studying the possibility of powering its flagship Madaouela project in Niger using a renewable hybrid solar power solution.
An unnamed source told Reuters that the assailants were believed to belong to Nigerian jihadist group Boko Haram.
Decision is in response to falling uranium prices, a local union leader said.
French nuclear power giant Areva is reportedly cooperating with a legal enquiry by activists who say the company cheated Niger out of $3.25 million in uranium exports.
Talking top value amid low uranium prices, Daniel Major gets to the crux of his pitch for GoviEx, the uranium developer he leads.
Company acknowledges the short-term outlook is bad.
The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.
The company plans to use the net proceeds to pay for an environmental and social impact assessment as well as a pilot plant for its Madaouela uranium discovery in Niger.
The two parties have been negotiating a new uranium mining contract for two years now.
Areva's contract with the Niger government covering 4,500 tonnes per year is up for renegotiation.
Total gold reserves at the Mana mine is up 28% to 2.4 million ounces.
Somair is the fourth largest uranium mine worldwide.
Identified as nationals of Niger, Nigeria and Togo.
One employee dead and 14 wounded.
About 700 workers are emanding better salaries and bonus payments.
Uranium supply in key producers Kazakhstan and Nigeria could be severely impeded by weather problems and political turmoil.
But South Africa's output continues to fall says the Economics Group’s.
The Montreal-based company, down 21% following a dive of 17% on Wednesday, were deemed by investors to have overpromised and underdelivered on its exploration results.
The $1.5 billion company currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea.
The Tondé Boubangou Horizon is located 20 kilometers north of the Samira Hill processing plant and has been traced over a distance of 10 kilometers.
Niger's uranium workers have downed tools over a dispute with Areva, the French nuclear power giant that owns the Imouraren mine.
Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.
Perhaps one of the many problems facing mining companies in developing nations is that the locals – or at least some local politicians – often have little idea of the economics of bringing a mine […]
Niger, which became independent from France in 1960 and has a democratic government, is the world’s sixth largest uranium producer. Output in 2008 was 3,032 t, representing 7% of total world uranium production. Areva’s Arlette and Akoula mines, responsible for 100% of Niger’s uranium production, have produced, together, 100,000 t of output in the last 40 [...]