Uranium - Copperbelt Katanga Mining

More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium

March 3, 2022March 3, 2022 admin

GoviEx Uranium has explained that every year, more uranium is consumed than produced, and higher incentive prices are required to support new supply GoviEx Uranium is the developer of Mutanda Uranium mining project has indicated that it plans to start actual uranium mining in Zambia in the next five years. In a statement, the Canada listed company stated that “the mine-permitted Mutanga project in Zambia is forecast to start production in 2027 and could be the lowest capital intensive uranium project in Africa.” In its annual statement to shareholders, GoviEx… Read More Here

Mining in Zambia Uranium

GoviEx encourages African uranium-producing countries to seize market opportunity

January 17, 2022January 17, 2022 admin

The mining company GoviEx Uranium, active in Niger, Zambia and Mali, considered that the recent social unrest in Kazakhstan represents an opportunity to be seized for African uranium-producing countries. Indeed, Kazakhstan is a key player in the uranium market with 40% of the world supply. But the country is sinking into a social crisis following the riots that broke out at the start of 2022, at the risk of creating disruptions in its uranium supply chain. This type of situation may, however, encourage buyers to diversify their sources of supply, with… Read More Here

Mining in DRC Uranium

DRC: Reinforcement of security measures around Shinkolobwe, a mining site rich in uranium

December 1, 2021January 21, 2022 admin

The work to secure the Shinkolobwe mining site located in the territory of Kambove and rich in uranium in Haut-Katanga is continuing. It is in this context that the head of the provincial executive went to the place on Tuesday to reassure himself not only of the progress of the work but also of the security around the Shinkolobwe site, 150 km from Lubumbashi. “At this point, it must be said that we are satisfied with the work that is being done here and it also proves that the Shinkolobwe… Read More Here

Uranium Mining in Zambia New Mining Projects

GoviEx Uranium Reports Positive Drilling Results at Mutanga Project, Zambia

September 28, 2021September 28, 2021 admin

GoviEx Uranium Inc. is pleased to announce the completion of its initial infill drilling campaign at the Dibwe East deposit in its wholly owned, mine permitted Mutanga Uranium Project in Zambia (the “Mutanga Project“) . The Mutanga Project consists of three mining permits that cover some 720km2, and contains five deposits: Dibwe, Dibwe East, Mutanga, Gwabe and Njame. Drilling highlights Mineralisation is continuous from hole to hole and section to section and shows a very close correlation to the current inferred resource interpreted ore boundaries; average reported grades, after taking… Read More Here

Mining in DRC International Uranium

Uranium tops Morgan Stanley’s commodity thermometer

August 17, 2021August 17, 2021 admin

While the DRC is not currently exploiting or marketing its uranium ores, this American investment bank advises its clients to bet on this strategic metal which has the most upward trend possible on the international market among the 17 commodities. of the mining industry right now around the world. Morgan Stanley has placed uranium at the top of its barometer for metals and mining commodities. Uranium has been assigned a “most bullish” trend of 17 commodities mined under the bank’s watch, mining.com reports. “Further price increases in the near term, as… Read More Here

Uranium Mining in Zambia Mining Supply Tenders New Mining Projects

GoviEx, Hydro Tech sign drilling contract for Mutanga project

May 31, 2021June 6, 2021 admin

GoviEx Uranium Inc. has sealed a drilling contract with Hydro Tech Drilling & Exploration (Hydro Tech) to undertake exploration and resource delineation drilling programs on Mutanga Uranium project. “With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. The Project benefits from very simple and straightforward operations due to low-waste stripping, low acid consumption and potentially one of the lowest capital expenditure requirements of its African peers needed to get into production,” said Daniel Major, Chief Executive Officer… Read More Here

Uranium Mining in Zambia

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

Mining in Zambia Exploration New Mining Projects Uranium

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