{"id":81699,"date":"2023-11-30T06:26:49","date_gmt":"2023-11-30T06:26:49","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81699"},"modified":"2024-01-15T03:42:14","modified_gmt":"2024-01-15T03:42:14","slug":"australian-uranium-is-on-the-rise","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/australian-uranium-is-on-the-rise\/","title":{"rendered":"Australian Uranium is on the Rise"},"content":{"rendered":"

One of the most overlooked resources in the Australian landscape is finally starting to get some love. <\/span>Prices for \u2018Yellowcake\u2019 uranium are on the rise, and with it, Australian miners’ hopes. <\/span>Pinned to global green energy ambitions and supported by an openness to nuclear power in Europe, particularly France, uranium mining is suddenly back on the menu. <\/span>Prices for the energy commodity have reached a\u00a0<\/span>15-year high<\/span><\/strong> recently as the export market heats up, hitting $US80.25 ($121.14) per pound early in November.\u00a0<\/span>Companies like Boss Energy are enjoying the uranium glow as they restart mining operations at the previously closed Honeymoon uranium project in South Australia.\u00a0<\/span><\/p>\n

Honeymoon was mothballed in 2013 due to falling uranium prices.<\/span><\/strong><\/p>\n

Boss will also refine its uranium mining method from solvent extraction to ion exchange. <\/span>Deep Yellow is another Australian industry player with its sights set on a long-term uptick in demand for Yellowcake. <\/span>The company\u2019s major Alligator River exploration project is one of the most extensive uranium packages in the world, stretching across multiple tenements in the Northern Territory.\u00a0 <\/span>Deep Yellow has a mineral resource estimate for the NT tenement of 32.9 million pounds (Mlb), alongside an expected 15-year mine life for its Mulga Rock project in WA.\u00a0<\/span><\/p>\n

And Mine of the Year is\u2026 Roy Hill<\/span><\/h2>\n

The Australian Mining Prospect Awards have gone off with a bang in Bris-Vegas this week, with Roy Hill getting the nod as \u2018Australia\u2019s Mine of the Year\u2019. <\/span>The 12 awards covered a range of disciplines, including achievements in safety, environment, discoveries, indigenous engagement, and more. <\/span>Major player Roy Hill got the big gong after\u00a0<\/span>hitting its production targets<\/span><\/strong> and executing improved safety controls and environmental and sustainability programs.\u00a0<\/span>The company is also making strides towards automating its complete iron ore site in WA, working with contractor Epiroc to become the world\u2019s largest fully autonomous mine. <\/span>While gradually shifting its fleet of 96 halt rucks to driverless operation, the mine still managed to produce record iron ore shipments of 63.3 million tonnes over the year.<\/span><\/p>\n

Roy Hill\u2019s environmental initiatives also swayed the judges as it continues to\u00a0<\/span>reprocess tailings material<\/span><\/strong> through a dedicated WHIMS plant.\u00a0<\/span>Gina Rinehart and Roy Hill have been in the news recently as they eye a potential takeover of hot lithium prospect Liontown Resources.<\/span><\/p>\n

Among the other awards presented on the night include those for:\u00a0\u00a0<\/span><\/strong><\/p>\n