• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 10 hours Could Venezuela become a net oil importer?
  • 2 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 13 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 19 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 10 hours Gazprom Exports to EU Hit Record
  • 13 hours Why is permian oil "locked in" when refineries abound?
  • 3 hours Oil prices going down
  • 11 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 9 hours Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Oil Buyers Club
  • 13 hours EVs Could Help Coal Demand
  • 8 hours Saudi Arabia turns to solar
  • 1 day Teapots Cut U.S. Oil Shipments
  • 19 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 46 mins Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
Alt Text

The Next Big Thing In Enhanced Oil Recovery

Savvy energy investors are constantly…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Are These New Rules A Lift For Uranium?

We've seen a number of countries pushing to re-do their exploration rules lately. And last week news emerged of changes afoot in one more spot--which may have some big implications for at least one commodity.

The place is the West African nation of Gabon. Where the government is reportedly aiming to having a new exploration regime in place by the end of the year.

Officials from Gabon's state mining company Société Équatoriale des Mines told Mining Weekly last week that the rule change is designed to attract new investors to the local sector. By making it easier to explore for new deposits, and develop them after they've been delineated.

During the initial stages of such work, the new mining code will reportedly simplify procedures for licensing of exploration ground. The government will also create an office to organize and make available maps of licenses and possibly other exploration data--at one central location.

Officials also promised an "investor-friendly" tax regime for all of this work.

The changes certainly sound encouraging. Leading to the question: what metals might incoming investors look for?

The nation's only substantial mineral production is currently in manganese. Deposits of iron ore and possibly rare earth elements are also known.

But there's one commodity where Gabon could prove to be one of the most prospective places on Earth: uranium.

Gabon has long been noted as one of the few places with potential for basin-hosted uranium. The same type of geologic setting that's created high-grade mineralization in leading production centers like Canada and Australia.

In fact, Gabon is the only place on Earth where self-sustaining natural fission reactions have been observed in local uranium-bearing rocks. Suggesting that enrichment of the metal here may be particularly strong.

Exploration since colonial times has been minimal. So there's likely still lots here to be discovered. And the new rules should help in bringing some of that potential to light.

Here's to opening up,

By Dave Forest




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News