Posts Tagged ‘Namibia’

Paladin falls short but aims high

November 1st, 2009

Paladin Energy has lowered its production guidance for 2009/10 as the ramp up of its two uranium mines in Namibia and Malawi was slower than anticipated but has adopted larger growth targets for future production.
In its production report released today, the miner said production reached 744,188 pounds of uranium in the September quarter from the [...]

Namibia: Police Seize Stolen Uranium

September 9th, 2009

Adam Hartman
THE Erongo Police on Friday arrested three suspects for being in possession of, and allegedly wanting to deal in, 170 kg (375 pounds) of uranium oxide (U3O8).
At the current market price of US$47,50 per pound, the confiscated material is worth about N$135 000. This is believed to be the biggest theft of uranium oxide [...]

Cameco uranium war chest at $700M

May 2nd, 2009

Cameco Corp. is putting itself in position to consolidate the beaten-down uranium sector.
The Saskatoon-based company announced yesterday it is raising as much as $460-million in a bought deal financing. Combined with its current cash position, Cameco will have a war chest that could exceed $700-million.
And it made no mystery of what it hopes to do [...]

Nuclear : Powering Africa’s future

December 8th, 2008

One Planet
Vera Kwakofi
BBC World Service
Africa is a continent of darkness and is desperately in need of power.
Only one in three of Africa’s 700 million people have electricity - and in the countryside only one in ten has light at the flick of a switch.
For many people, solar energy is the most obvious route [...]

Russian uranium reserves up 275% since 2006

November 18th, 2008

MOSCOW, November 18 (RIA Novosti) - Russia’s proven uranium reserves have increased 275% to 545,000 metric tons since 2006, the natural resources minister said on Tuesday.
Yury Trutnev attended a meeting with civilian nuclear chief Sergei Kiriyenko to discuss joint measures that the ministry, mineral resources regulator Rosnedra and state nuclear power corporation Rosatom are taking [...]

Rio Tinto to Raise Uranium Production at Namibia Mine by 38%

November 7th, 2008

By Brett Foley
Nov. 6 (Bloomberg) — Rio Tinto Group, the world’s second- largest uranium producer, plans to boost output from the Rossing mine in Namibia by 38 percent and extend its life as Asian countries plan more nuclear reactors.
Rio will dig a second pit and use new processing techniques to increase annual uranium-oxide production to [...]

Rio Buys 14.9% of Kalahari Minerals, 10.9% of Extract (Update2)

September 12th, 2008

By Mark Herlihy
Sept. 11 (Bloomberg) — Rio Tinto Group, the world’s second- largest producer of iron ore and aluminum, bought 14.9 percent of uranium explorer Kalahari Minerals Plc as it seeks to meet rising demand for the nuclear fuel.
London-based Rio Tinto also owns 10.9 percent of Extract Resources Ltd., partly owned by Kalahari, the [...]