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URANIUM
URANIUM
GO AHEAD DECISION JANUARY
Tuesday
,
30 Dec 2008
Zambia's newest major copper miner, Lumwana, says it has received permission to go ahead with its $200 million uranium project at its copper mining operation, but won't take a final decision to proceed until next month.
$2.2M YEARLY REDUCTION
Monday
,
22 Dec 2008
To save enough funds to operate through 2010, Texas ISR uranium miner Uranium Resources has eliminated executive positions, closed offices, and reduce exploration budgets'
TROUBLED AREA
Saturday
,
20 Dec 2008
French nuclear power group Areva is to build a 1 billion euro (US$1.4 billion) uranium mine in Niger. The Imouraren mine, due to begin commercial production of 5,000 tonnes per year in 2010, would make Niger the world's second biggest source of uranium.
GLOBAL DEMAND WEAKENING
Thursday
,
18 Dec 2008
BHP chairman, Don Argus, says the company has so far been able to substantially maintain its sales volumes but will respond accordingly if these turn down.
URANIUM PRICE FORECAST
Monday
,
15 Dec 2008
Resource Capital Research (RCR) expects the uranium spot price to trade between $50-$65 over the next quarter.
FOUR MILE RESULTS
Monday
,
08 Dec 2008
The Four Mile uranium project in South Australia, already ranked as the best new uranium discovery in Australia this year, failed to provide share price impetus for its junior partner despite the spectacular nature of the new intersections.
51 PERCENT FROM LOWS
Tuesday
,
02 Dec 2008
Leave crashed out markets aside for a moment, and consider how listed uranium stocks are performing like recovery darlings.
SUPPLY SHRINKING
Saturday
,
29 Nov 2008
With the uranium price up 25 percent over the past five weeks, stocks are yet to pick up and analysts are looking to the sector for good increases.
DEMAND FOR NUCLEAR POWER
Thursday
,
27 Nov 2008
Russia and Kazakhstan will boost their uranium output next year as both countries expect demand for nuclear power to remain high.
COULD EXPAND KHARASAN
Friday
,
14 Nov 2008
CEO Jean Nortier says there are no issues in Kazakhstan that could hinder the payment of dividends although the company is dealing with limited sulphuric acid supply in the country which is currntly affecting production levels.
BILLIONS GONE
Friday
,
14 Nov 2008
Uranium One writes down USD 2.8bn in the third quarter, mostly attributable to the Dominion debacle in South Africa.
CONTRACTUAL DISPUTE WITH SUPPLIER
Friday
,
14 Nov 2008
Unions have been warned that Cameco's Port Hope facility will shut down probably until mid 2009 because problems with is supplies of hydrofluoric acid
ESSINGTON LEWIS MEMORIAL SPEECH
Thursday
,
13 Nov 2008
Ziggy Switkowski, former head of Australia’s biggest telecommunications company, Telstra, says Australia has no choice but to consider nuclear power as part of its future energy mix.
POSSIBLE 5M LB GLOBAL SHORTFALL THIS YEAR
Thursday
,
13 Nov 2008
Cameco CEO Jerry Grandey said total global uranium production may fall short 5 million pounds of the 125 million pounds originally forecast for this year.
ADJUSTED EARNINGS FALL
Wednesday
,
12 Nov 2008
As third-quarter earnings rose 48 percent, exceeding analysts’ expectations, Cameco says it may still defer projects and cut costs because of the global credit situation.
YELLOW CAKE RISING
Tuesday
,
11 Nov 2008
The recent closure of the Dominion mine in South Africa has restricted supply, allowing uranium oxide prices to firm up. Tables included.
HEAP LEACH BEING LOOKED AT TOO
Saturday
,
08 Nov 2008
Rio Tinto's Rossing uranium mine in Namibia, which currently produces 7.6% of world supply, is looking to expand output to 5,500 tonnes by 2012
AUSTRALIAN STUDY
Thursday
,
06 Nov 2008
The Melbourne-based financial services group BGF Capital Group says that the frozen minds of investors and developers may well see a critical shortage of uranium in two to four years time.
PLANT DECISION DEFERRED
Wednesday
,
05 Nov 2008
First Uranium says its announced transaction with Gold Wheaton will provide it with the funds for a sulphuric acid plant, or, future growth.
A TASTE FOR YELLOW CAKE
Monday
,
03 Nov 2008
Global investor portfolio flows show an especial appetite for uranium names, from established producers like ERA, to stocks which had all but been wiped out, like Xemplar. Tables included.
KEY OVERALL GROWTH COMPONENT
Friday
,
31 Oct 2008
BHP Billiton has outlined its expansion programme for is enormous Olympic Dam operation in South Australia setting out a timeline for the first time.
CASH LIQUIDITY
Thursday
,
23 Oct 2008
CEO Jean Nortier says the company has sufficient cash to see through its projects in the US and Kazakhstan. They are yet to announce the group's cash burn rate.