Tag #Uranium

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smh.com.au

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Jan 20, 10:08

Infini Resources to Commence Maiden Diamond Drilling at Portland Creek Uranium Project

Infini Resources is commencing diamond drilling at its Portland Creek uranium project in Newfoundland, Canada, to explore a 3.8km long uranium anomaly with a peak soil assay of 7.5% uranium oxide, focusing on two key structures bounding a high-grade 800m by 100m mineralized corridor.

Infini Resources to Commence Maiden Diamond Drilling at Portland Creek Uranium Project

Infini Resources is commencing diamond drilling at its Portland Creek uranium project in Newfoundland, Canada, to explore a 3.8km long uranium anomaly with a peak soil assay of 7.5% uranium oxide, focusing on two key structures bounding a high-grade 800m by 100m mineralized corridor.

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What are the key geological structures influencing the high-grade uranium mineralization at Portland Creek?

The drilling will investigate two key structures: a granite-sediment contact forming the western boundary and a north-south fault forming the eastern boundary of a 1500-2000m wide corridor. Mineralization appears linked to a shatter zone within this corridor, suggesting potential for a primary uranium source. This is supported by a previous grab sample assay of 2180 ppm uranium oxide.

dw.com

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Jan 17, 13:09

CAR President's Geopolitical Balancing Act Raises Concerns

Central African President Faustin-Archange Touadéra, seen as a key player in Russia's Central African military presence, is engaging in a delicate geopolitical balancing act, securing aid from France while maintaining ties with Russia amidst concerns of election transparency and mining concessions.

CAR President's Geopolitical Balancing Act Raises Concerns

Central African President Faustin-Archange Touadéra, seen as a key player in Russia's Central African military presence, is engaging in a delicate geopolitical balancing act, securing aid from France while maintaining ties with Russia amidst concerns of election transparency and mining concessions.

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What are the immediate consequences of President Touadéra's balancing act between Russia and France for the Central African Republic?

President Faustin-Archange Touadéra of the Central African Republic (CAR) is navigating a complex geopolitical game, balancing relations with Russia and Western powers. He recently visited Moscow after securing €10 million in aid from France, ostensibly for inclusive elections, raising concerns about potential ulterior motives.

fr.allafrica.com

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Dec 26, 16:08

Orano Initiates Arbitration Against Niger Over Uranium Mine Suspension

French uranium producer Orano launched international arbitration against Niger following the June 19, 2024 suspension of its Imouraren mining permit, impacting 4.7% of global uranium production, after failed mediation attempts and Niger's takeover of Orano's subsidiary Somaïr.

Orano Initiates Arbitration Against Niger Over Uranium Mine Suspension

French uranium producer Orano launched international arbitration against Niger following the June 19, 2024 suspension of its Imouraren mining permit, impacting 4.7% of global uranium production, after failed mediation attempts and Niger's takeover of Orano's subsidiary Somaïr.

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What are the immediate consequences of Niger's suspension of Orano's mining permit and the subsequent international arbitration?

Orano, a French uranium producer, initiated international arbitration against Niger after Niger suspended Imouraren's mining permit on June 19, 2024, halting production of one of the world's largest uranium deposits with an estimated 200,000 tonnes of reserves. This follows unsuccessful mediation attempts and Niger's operational takeover of Somaïr, Orano's 63.4%-owned mining subsidiary.

lefigaro.fr

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Dec 4, 16:08

Niger Seizes Control of Orano's Mining Subsidiary

On December 4th, 2024, Nigerien authorities seized operational control of Orano's mining subsidiary Somaïr, escalating tensions after Orano suspended production in October due to government interference and the June revocation of its Imouraren mine license.

Niger Seizes Control of Orano's Mining Subsidiary

On December 4th, 2024, Nigerien authorities seized operational control of Orano's mining subsidiary Somaïr, escalating tensions after Orano suspended production in October due to government interference and the June revocation of its Imouraren mine license.

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What are the immediate consequences of the Nigerien government's takeover of Orano's subsidiary Somaïr?

On December 4th, 2024, French uranium specialist Orano announced that Nigerien authorities seized operational control of its mining subsidiary, Somaïr. This follows Orano halting production on October 31st due to deteriorating conditions and government interference. The situation further escalates pre-existing tensions between Orano and Niger's military junta.

dw.com

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Jan 18, 10:06

Rosatom Sells Kazakhstani Uranium Stakes to China Amidst Sanctions and War

Russia's Rosatom sold its stakes in three Kazakhstani uranium projects to China for an estimated $300-$500 million, driven by Western sanctions risk, depleted uranium deposits, and Russia's financial needs due to the Ukraine war.

Rosatom Sells Kazakhstani Uranium Stakes to China Amidst Sanctions and War

Russia's Rosatom sold its stakes in three Kazakhstani uranium projects to China for an estimated $300-$500 million, driven by Western sanctions risk, depleted uranium deposits, and Russia's financial needs due to the Ukraine war.

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How do Western sanctions against Russia influence Rosatom's decision and impact Kazakhstan's uranium industry?

The sale of Rosatom's stakes to China in three Kazakhstani uranium projects is linked to several factors: Western sanctions pressure on Kazatomprom, the depletion of the uranium deposits, and Russia's financial needs due to the war in Ukraine. This deal, potentially worth up to $500 million, demonstrates how geopolitical tensions and economic constraints influence resource allocation.

theglobeandmail.com

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Jan 9, 22:10

Westinghouse CEO Steps Down Amidst Financial Losses

Westinghouse Electric Company CEO Patrick Fragman is stepping down at the end of March 2025, with Dan Sumner taking over as interim CEO, while the company searches for a permanent replacement amidst recent financial losses and Cameco's growth targets.

Westinghouse CEO Steps Down Amidst Financial Losses

Westinghouse Electric Company CEO Patrick Fragman is stepping down at the end of March 2025, with Dan Sumner taking over as interim CEO, while the company searches for a permanent replacement amidst recent financial losses and Cameco's growth targets.

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How does Fragman's departure relate to Westinghouse's recent financial results and Cameco's growth expectations for the company?

Fragman's departure comes amidst a period of financial losses for Westinghouse, which reported a $463.8 million net loss in the first nine months of 2024 despite $4.18 billion in revenue. This contrasts with Cameco's target of 6-10 percent annual growth for Westinghouse. The transition raises questions about the company's strategic direction.

smh.com.au

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Dec 16, 10:09

Infini Resources to Drill High-Grade Uranium Anomaly in Newfoundland

Infini Resources received approval to begin a diamond drilling program at its Portland Creek uranium project in Newfoundland, Canada, starting in late January, to investigate highly anomalous soil samples with up to 7.5% uranium oxide across a 1.25km trend and associated structures.

Infini Resources to Drill High-Grade Uranium Anomaly in Newfoundland

Infini Resources received approval to begin a diamond drilling program at its Portland Creek uranium project in Newfoundland, Canada, starting in late January, to investigate highly anomalous soil samples with up to 7.5% uranium oxide across a 1.25km trend and associated structures.

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What are the immediate implications of Infini Resources' approved drilling program at the Portland Creek uranium project?

Infini Resources has received approval for its diamond drilling program at the Portland Creek uranium project in Newfoundland, Canada. The program, starting in late January, will involve 23 core holes over 6-8 weeks to investigate highly anomalous uranium soil samples showing up to 7.5% uranium oxide. Results will help determine the source of the anomaly and potential for significant uranium mineralization.

Showing 25 to 31 of 31 results