African miners awaiting recovery in uranium prices



Africa supplies about 20 per cent of the world’s uranium production but it has the potential to produce much more.

Over the past decade, geologists have picked at rocks in the deserts of Namibia and jungles of the Central African Republic, and searched Niger, South Africa, Tanzania, Malawi and Zambia with promising results. All in all, about 18 African countries have confirmed deposits of the mineral.

“Of all African countries, Niger probably has the best overall grade,” says Gennen McDowall, a seasoned explorer on various African uranium projects, adding that Namibia also has large deposits, albeit at a lower grade.

While most of it will be exploited for export, some at least will go for domestic consumption.

South Africa has the only functioning reactors on the continent at the Koeberg plant outside Cape Town. The country is also planning a further five plants that will produce about 9,600 megawatts.

The South Africans have an advantage in that they can produce their own uranium from domestic sources. Most is secured as a byproduct of gold mining.

But even for gold producers, the current low price of uranium makes it costly to produce. Sibanye Gold, which operates some of the country’s oldest and deepest mines, has built a uranium recovery works at one of its gold mines that it intends to start once the price recovers.

“We have everything in place – all the infrastructure and plant is built and paid for. All we need now is for the price to recover,” says the chief executive, Neal Froneman.

Other African countries are also looking at nuclear – at least a dozen have announced programmes to evaluate it as a power source. Kenya, Nigeria, Sudan, Tunisia are among those that have formal projects under way.

“It makes sense because Africa has the least power capacity on the planet, depending mainly on hydro,” says Kelvin Kemm, the chief executive of the research firm Nuclear Africa.

“But drought, and shallow water bodies make dams less practical than in Europe. Coal has pollution issues and renewables can’t supply baseload. Nuclear is an answer to Africa’s energy problems.”

Nevertheless, it may be a while before nuclear plants go up in Africa’s 53 other countries. In the meantime, those with uranium resources are eager to develop them.

Tanzania, for instance, says it could eventually rival the production of Canada, the world’s second-largest producer, behind only Kazakhstan.

Tanzania is hoping for a payoff estimated at about 2,000 jobs and US$250 million a year in revenue. In 2013 the government issued a special mining licence to Mantra Tanzania, a project part-owned by Toronto’s Uranium One. The company says it is focused on licensing and a feasibility study is being prepared.

Once operational, the mine could produce 14,000 tonnes a year.

Neighbouring Zambia is likely to offer some competition, hoping to develop uranium projects to complement its copper production. Most promising is Denison Mines’ Mutanga project in Zambia’s south.

The company says airborne surveys have found consistent mineralisation within its permit area, which it hopes to explore further in coming years.

Niger is also moving ahead, after a bruising two-year battle with Areva over the renewal of the latter’s mining contract. Areva operates much of France’s nuclear fleet, and Niger is its most important source of uranium.

This year Areva agreed to a reduction in tax breaks and a rise in royalty rates, but says the start of production at its giant new Imoumaren mine will be delayed until prices improve.

The large, near-surface deposits in Niger are high-grade, and therefore there remains significant interest in that country in spite of the political difficulties that often beset the mines.

In the end, though, prices dictate all and for now, it is a waiting game for many.

business@thenational.ae

Follow The National's Business section on Twitter

A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

Explainer: Tanween Design Programme

Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.

The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.

It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.

The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.

Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”

THE SPECS

Engine: 4.4-litre V8

Transmission: Automatic

Power: 530bhp 

Torque: 750Nm 

Price: Dh535,000

On sale: Now

liverpool youngsters

Ki-Jana Hoever

The only one of this squad to have scored for Liverpool, the versatile Dutchman impressed on his debut at Wolves in January. He can play right-back, centre-back or in midfield.

 

Herbie Kane

Not the most prominent H Kane in English football but a 21-year-old Bristolian who had a fine season on loan at Doncaster last year. He is an all-action midfielder.

 

Luis Longstaff

Signed from Newcastle but no relation to United’s brothers Sean and Matty, Luis is a winger. An England Under-16 international, he helped Liverpool win the FA Youth Cup last season.

 

Yasser Larouci

An 18-year-old Algerian-born winger who can also play as a left-back, Larouci did well on Liverpool’s pre-season tour until an awful tackle by a Sevilla player injured him.

 

Adam Lewis

Steven Gerrard is a fan of his fellow Scouser, who has been on Liverpool’s books since he was in the Under-6s, Lewis was a midfielder, but has been converted into a left-back.

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Opening Rugby Championship fixtures:Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

'Tell the Machine Goodnight' by Katie Williams 
Penguin Randomhouse

The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

Engine: 80 kWh four-wheel-drive

Transmission: eight-speed automatic

Power: 402bhp

Torque: 760Nm

Price: From Dh280,000

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The%20Genius%20of%20Their%20Age
%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young