World Mining Exploration News

Kinti Mining Limited is pleased to announce receipt of positive and encouraging data from a radiometric airborne survey of its Itigi Manyoni Uranium Prospect, located southwest of the town of Manyoni in Tanzania.

The survey was conducted by Geo Survey International of Germany during the period of 1976 to 1979 to classify radiometric anomalies on the Manyoni Property, which encompasses a 170 km2 area.

The survey has identified a total of 14 anomalies in the license area lying in zone 141/8. Of the 14 anomalies, 7 have been designated as high priority with uranium counts of 44 to 72 per second. Uranium counts exceeding 25 cps have been classified as uranium point source anomalies. Such radiometric surveys are known in the industry, and proven to be a very efficient, (more…)

From a distance, Nebraska’s only uranium mine looks a lot like a cemetery.

White barrels and black boxes cover the wellheads of the 5,000 wells that pump water 500 to 800 feet underground so that uranium can be dissolved and pumped back to the surface.

The well covers that dot the hillsides below historic Crow Butte give the appearance of widely spaced tombstones.

That’s either unfortunate or prophetic, depending on which side of the debate you stand on the future of the mine — and the nuclear power plants fueled by uranium.

Interest in nuclear power and uranium mining is rising as the nation looks for cleaner, (more…)

A former Canadian diplomat who serves as U.N. special envoy to Niger has gone missing in the West African state in the bandit-infested Sahel region, U.N. officials said on Monday.

The officials said the U.N. vehicle in which envoy Robert Fowler, a Canadian aide whom they declined to identify and a local driver were traveling was found abandoned on Sunday evening some 30 miles (45 km) northeast of the capital Niamey.

The vehicle’s engine was still running, they said.

“We don’t know whether we are dealing with a hostage situation,” said Farhan Haq, a U.N. spokesman. “Authorities in Niger are trying to discover (Fowler’s) whereabouts.”
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Powertech Uranium Corp., which is pursuing a permit to mine for uranium on about 5,700 acres in western Weld County, announced it has acquired additional mining claims and leases in Wyoming and South Dakota.

The company purchased 381 mining claims and 8,186 acres of Wyoming state mining leases for a total of 15,806 acres. The land package was purchased from Bayswater Uranium Corp. for $50,000.

“The acquisition of the Bayswater properties complements the strong land positions that Powertech has compiled in South Dakota and Wyoming,” said Richard Clement, Powertech president and CEO. “Powertech is the most active player in the Dewey Burdock, Dewey Terrace and Aladdin (prospecting) areas. The company has focused on this historic uranium exploration/mining district along the flank of the Black Hills Uplift in South Dakota and Wyoming.” (more…)

Global mining companies’ profits may plunge 60% next year because raw-materials prices will be under pressure for at least six more months, according to UBS.

Prices for bulk materials such as coal and iron ore may drop 40% compared with this year, while most commodities may fall from current spot prices, London-based UBS analysts Daniel Brebner and James Luke said today in a note to clients.

Demand for commodities ”has deteriorated at an unprecedented rate,” the analysts said. Planned production cuts won’t go far enough to bolster prices, Luke said in a telephone interview. The analysts said government spending to boost demand may ignite inflation, leading to an earnings surprise by the second half of next year.
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Powertech Uranium Corp. announced Dec. 2 that all baseline studies for its Centennial Project west of Nunn are scheduled to be completed in the fourth quarter of 2008.

The studies for the company’s proposed uranium mining operation include radiation data collection, air monitoring, groundwater sampling, surface water sampling, soil sampling, vegetation analysis and noise surveys. Approximately 80 percent of the tasks required to complete the Environment Report and the Class III UIC permit have been completed, the company said.

Cultural resource surveys have been completed and review by an independent peer is under way. A positive feasibility study has been completed by an independent contractor on the use of deep disposal injection wells for the project’s well land and well field waste streams, the report added.
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Uranium Energy Corp is pleased to announce that the Company has filed all permit applications for In-Situ Recovery of uranium at the Company’s flagship Goliad Project in South Texas. On December 1, Uranium Energy filed a Radioactive Material License Application (RMLA) and a Permit by Rule Application (PBRA) with the Texas Commission on Environmental Quality (TCEQ), the final two applications that needed to be filed.
Because uranium recovery projects require a number of authorizations, a recap of Uranium Energy’s permit applications and the status of each follows:
– Mine Permit – The draft mine permit was issued by TCEQ in June 2008, and is subject to further consideration by TCEQ. Approval of the other permits is needed before recovery operations can be initiated.
– Production Area Authorization (PA-1) – The application was filed with TCEQ in September 2008, and is undergoing technical review. (more…)

VANCOUVER, BRITISH COLUMBIA – POWERTECH URANIUM CORPORATION is pleased to announce that significant progress has been made in preparation of the Company’s mine permit applications for the Dewey-Burdock Project, in Fall River and Custer counties, South Dakota, and the Centennial Project, in Weld County, Colorado.

Dewey-Burdock Project

All base line studies to support the mine permit applications at Dewey-Burdock have been completed. These include radiation data collection, air monitoring, groundwater sampling, stream sampling, soil sampling, floodplain and vegetation analyses, and archaeology. The Special, Exceptional, Critical, or Unique Lands Designation Permit application has been submitted to the South Dakota Department of Environmental and Natural Resources (”SD DENR”) and deemed complete. (more…)