URANIUM

Rio Tinto accepts CGNPC for Kalahari

Wednesday , 01 Feb 2012
Global miner Rio Tinto has accepted CGNPC's offer for its shares in Kalahari Minerals, the major shareholder in the giant Husab uranium project in Namibia.

Uranium output at Rio Tinto's ERA to recover in 2012

Wednesday , 01 Feb 2012
Energy Resources of Australia says it expects uranium output to recover to between 3,000 and 3,700 tonnes this year after mining interruptions drove it to a A$154 million loss in 2011.

Areva sales slip but mining unit cushions Fukushima blow

Friday , 27 Jan 2012
The group's sales fell 2.6% last year as strength in its mining unit helped cushion declines in its core reactor businesses as it restructured after the Fukushima disaster

Uranium supply crunch by 2016 - nuclear expert says

Tuesday , 24 Jan 2012
Thomas Drolet, a nuclear expert, warns of a coming uranium deficit as Cold War-era supplies dry up.

Western Australian Labour's partial about-face on uranium

Monday , 23 Jan 2012
The Labor Party's new leader in W. Australia has agreed to allow already-approved uranium projects in the state to proceed.

Niger to pursue nuclear energy despite Fukushima - president

Tuesday , 17 Jan 2012
Niger President, Mahamadou Issoufou, said Tuesday the country will push ahead with its plan to develop civilian nuclear energy in partnership with other West African peers.

Q4 production jumps 62% - Uranium One

Tuesday , 17 Jan 2012
Shares in the miner were up 9.3% on Monday on the Toronto Stock Exchange after it reported a 62% rise in its fourth quarter uranium production.

Ex Areva boss defends UraMin purchase

Tuesday , 17 Jan 2012
Former Areva boss, Anne Lauvergeon, defended her decision to purchase miner UraMin on Monday, saying the deal was fairly priced and was needed to diversify the company's geographical footprint.

Khan Resources receives info request letter from TSX

Monday , 16 Jan 2012
The miner reports that it has received a letter from the Toronto Stock Exchange requiring that it furnish information related to its current business operations to ensure it still meets its listing requirements.

Areva fraud victim claims over 2007 $2.5bn uranium mine deal

Saturday , 14 Jan 2012
Consultant claims Areva may have been fraud victim in its $2.5 billion deal to buy UraMin, whose principal asset was the Trekkopje uranium mining project in Namibia.

Met-test ‘breakthrough' ignites U3O8 Corp stock

Friday , 13 Jan 2012
U3O8 Corp heralds success of metallurgical tests regarding its Berlin uranium project in Colombia.

Australia's ERA expects flooding to hit uranium output again

Thursday , 12 Jan 2012
The company warned on Thursday that recent flooding caused by heavy rainfall in northern Australia will continue to restrict its uranium production for the year.

Grand Canyon million-acre new mining claim withdrawal in effect

Tuesday , 10 Jan 2012
As expected, Interior Secretary Ken Salazar has signed a R.O.D. order withdrawing one million acres surrounding the Grand Canyon National Park from new mining claims for 20 years.

CGNPC sets Feb 2 deadline for Kalahari bid

Friday , 06 Jan 2012
The state-owned Chinese firm has established a Feb 2 deadline on its offer for Kalahari Minerals, which could trigger a $2.2 billion bid for the latter's subsidiary Extract Resources.

Water Tribunal Dismisses Appeal against First Uranium

Thursday , 05 Jan 2012
The Federation for a Sustainable Environment's lamented the lack of consultation; First Uranium said the ruling vindicates its decision to continue operating the Mine Waste Solutions project

Areva eyes stake in UK-based uranium enricher - paper

Thursday , 05 Jan 2012
A Dutch paper reported on Thursday that France's Areva is eyeing a stake in UK-based uranium enrichment company Urenco.

Cameco achieves key milestone at Cigar Lake

Wednesday , 04 Jan 2012
With the second shaft now reaching the mine, Cameco CEO Tim Gitzel forecast Cigar Lake full mine development and construction will resume this year with a planned mining date of mid-2013.

The uranium year in review: long-term prospects trend higher

Friday , 23 Dec 2011
The Japanese tsunami and subsequent Fukishima nuclear accident in March challenged uranium market sentiment. A retrospective of expert commentary on this still-promising sector from the Energy Report.

S&P downgrades nuclear giant Areva on weak profits, credit metrics

Thursday , 22 Dec 2011
The 2007 acquisition of UraMin by Areva proved financially costly, and is now compounded by a criminal complaint filed by Areva's former CEO concerning a private investigation into the purchase.

First Uranium: 1850 Job Losses on the Cards

Monday , 19 Dec 2011
The uranium and gold miner said it is currently seeking approval from labour organisations to adopt a scaled down mine plan in a bid to stem ongoing operating losses at its Ezulwini mine

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