Category: Uranium

Namibia, one of the world’s largest uranium producers, is actively seeking investment from China in nuclear power to strengthen its role in the global transition to clean energy. “We aim to add value to our uranium for the peaceful development of nuclear energy,” said President Nangolo Mbumba during a meeting on Monday with Chinese Foreign Minister Wang Yi, who is on a week-long tour of Africa. Yi’s visit underscores China’s efforts to expand its influence in Africa, aiming to outpace the United States by offering better trade deals, more investment… Read More Here

Orano, a major player in the nuclear energy sector, has lost control of its Somair uranium mine in Niger due to governance issues and interference from Nigerien authorities. The French company, which owns over 60% of Somair, had already suspended production after Niger halted uranium exports last year. Niger, responsible for around 4% of global uranium production, has long been a key supplier to Orano. However, following a military coup in the country last year, the situation for international companies has become increasingly unstable. Orano cited the recent actions of… Read More Here

Australia-listed Star Minerals has partnered with Canada-listed Madison Metals to advance a uranium project in Namibia’s Erongo region, close to the renowned Rossing uranium mine. Under the agreement, Star will invest $2.425 million over three years for exploration on the Cobra project, alongside making staged payments to Madison Metals. “We’re excited to add this significant foreign uranium estimate to our portfolio and collaborate with Madison to verify and enhance the resource while exploring the promising potential in the region,” said Star Minerals Chairperson Ian Stuart. He highlighted the company’s expertise… Read More Here

ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here

Paladin Energy announced on July 22 that it has successfully completed its first shipment of uranium since the restart of its Langer Heinrich mine in Namibia. A cargo of 319,229 pounds of uranium departed from the port of Walvis Bay on July 12, destined for customers. The Langer Heinrich mine resumed commercial production on March 30, 2024, following a maintenance and servicing period that began in May 2018 due to low global uranium prices. The company is on track to meet its fiscal year 2025 targets, with the mine having… Read More Here