Uranium - Copperbelt Katanga Mining

GoviEx mining license in Zambia re-instated

May 11, 2021May 11, 2021 admin

GoviEx Uranium has received a letter from the Mining Cadastre Department of the Republic of Zambia notifying the Company that the previously cancelled Chirundu Mining License (12634-HQ-LML) has been re-instated. “We are very pleased and warmly welcome the decision made by the Mining Cadastre concerning the reinstatement of the Chirundu mining license and believe this decision was well considered and in the best interests of all stakeholders both in Zambia and abroad,” states GoviEx’s Executive Chairman, Govind Friedland. “The Zambian Government has indicated its strategy to diversify its mining industry… Read More Here

International Uranium

Brazil to export uranium, if mine proceeds

November 17, 2020November 17, 2020 admin

A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertilizer import needs if it proceeds. Latin America’s largest economy, which currently imports uranium for its nuclear plants and ships in most of its fertilizer needs, will become more self-sufficient with a $400 million project in the nation’s impoverished northeast, according to the consortium formed to explore the deposit. State-owned INB, which has a monopoly on uranium production in Brazil, formed a consortium with local fertilizer firm Galvani… Read More Here

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GoviEx Uranium completes C$5m private placement to fund exploration in Zambia, Niger and Mali

August 9, 2020August 10, 2020 arnbethnic

TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million. The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes. In connection with the last tranche of the private placement, the arm’s length finder, Red Cloud Securities, will receive a cash commission of C$15 540 to acquire… Read More Here

Mining in Zambia Uranium

GoviEx to appeal cancelled uranium license in Zambia

July 27, 2020July 27, 2020 arnbethnic

Canada’s GoviEx Uranium Inc. (TSX-V: GXU) said on Wednesday it would appeal Zambia’s decision to terminate its Chirundu mining license. The company acquired the permit in late 2017 from African Energy Resources, and it included the Njame and Gwabe deposits. Both assets, GoviEx said, were subsequently included in the preliminary economic assessment (PEA) for the company’s Mutanga uranium project. Due to the smaller scale and higher cost nature of the two deposits, they were scheduled to be mined in the later stages of the PEA and were not included in the mine… Read More Here

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Hot topics at the Investing in African Mining Indaba 2020

January 23, 2020January 23, 2020 arnbethnic

The 2020 Investing in African Mining Indaba is only two weeks away and is promising to be even bigger than last year’s 25th anniversary event. Attracting even more junior, mid-tier and major mining companies, investors as well as two heads of state, 35 African and five Non-African Ministers and providing a platform for increased connections, deal-making and investment opportunities. This year’s programme and discussions are focused on forging the future direction of the African Mining industry. Under the theme ‘Optimising Growth and Investment in the Digitised Mining Economy’, key topics… Read More Here

Mining in Zambia Uranium

Gemfields seeking admission to London’s Aim market

January 19, 2020 arnbethnic

Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will become effective on February 14. The company, which has its primary listing on the JSE, and a secondary listing on the Bermuda stock exchange, says the listing on the Aim will allow it “to access greater liquidity and international investors”. It will also allow UK investors access to a growing market and the opportunity to invest in… Read More Here