Uranium Mining News

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Trump has been good news for miners — Callinex CEO

Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.

Utah claims Bears Ears monument will kill uranium industry

Utah officials claim the Bears Ears designation not only abused the Antiquities Act, but also undermines national security.

India hails Kazakhstan's role as 'number one' supplier of uranium

India and Kazakhstan have discussed ways to expand their ties as Prime Minister Narendra Modi held a bilateral meeting with Kazakh president Nursultan Nazarbayev in Astana.

Trump urged to end uranium mining ban near Grand Canyon

Supporters of the moratorium, which expires in 2032, say new mining activity will likely boost the risk of uranium-contaminated water flowing into the Canyon.

Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid

If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.

Ukraine says no to Russian coal, gas – favours nuclear power

In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.

$16K in gold bullion up for grabs in new stock-picking contest from Stockpools & Kitco

Junior mining investor enthusiasts will be duelling it out for the big money when the next contest by Stockpools and Kitco is launched the first week of June.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Kivalliq picks up Baffin Island gold property previously explored by three majors

Uranium junior Kivalliq Energy (TSXV:KIV) last week expanded its portfolio of projects focused in Nunavut, northern Canada, by acquiring a position in what it says is one of the largest undeveloped greenstone gold belts in Canada, from Commander Resources (TSXV:CMD).

Skyharbour to drill AREVA-backed property this summer

The action is heating up in Saskatchewan's Athabasca Basin with one of the major exploration players in the region, Skyharbour Resources (TSXV:SYH), announcing last week that its option partner Azincourt Uranium (TSXV:AAZ) will be starting a new exploration this summer.

Areva leaves Nunavut after uranium project rejection

The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Cameco continues to explore Athabasca Basin through CanAlaska deal

Top Canadian uranium producer Cameco (TSX:CCO) has just signed an agreement with CanAlaska Uranium (TSXV:CVV) to conduct exploratory drilling at the West McArthur uranium project, 15 kilometres from its majority-owned McArthur River uranium mine.

Dozens trapped, two killed in Iranian coal mine explosion

The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.

US DoE delivers big boost to uranium price

US Dept of Energy makes huge cuts to allowable transfers of uranium this year and in 2018.

Sprott Monthly Market Update with Rick Rule: This bull market is in its infancy, a lot of money is about to be made!

Rick sees a very interesting market, which flirted with an upside breakout, that failed.

BHP puts US shale assets back on the block amid investors pressure

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

Sibanye Gold investors OK $2.2bn acquisition of Stillwater

Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

NexGen drill results continue expansion

Drill results from NexGen Energy's A3 Zone of the Arrow project have significantly expanded the zone to the northeast and have discovered massive pitchblende.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

US Energy Secretary worried about coal

Rick Perry expressed concerns about the diversification of power sources and the stability of the country’s grid