Despite the collapse in platinum prices last year, chief executive Neal Froneman is confident that the sector has turned a corner.
Uranium Mining News
Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.
Weak prices and demand have forced the Canadian company to lower its output forecast for the year.
Rick Rule, one of the foremost experts in the Natural Resource Space, convey the dangers and opportunities in oil, gas, and uranium.
Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.
In a further indication of the uranium slump, Cameco (NYSE:CCJ, TSX:CCO) is suspending production at its Rabbit Lake operation in northern Saskatchewan and curtailing production at its US operations.
"It is not clear at this time that the current prices are either sustainable or sufficient".
It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).
Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.
Uranium price falls to lowest since May 2005 as bearishness overwhelms the sector.
Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.
CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.
They are definitely making more than those working in forestry, manufacturing, finance and construction.
The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.
The Fund's slightly more positive outlook for the Chinese economy not enough to halt metal price declines this year and in 2017.
As the Cold War threat petered out companies left, abandoning more than 500 mines in an area that is home to more than 250,000 people.
Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.
Rights issues are the best way of raising funds in a way that does not disadvantage existing shareholders
Nuclear energy currently provides around 11 percent of the world's electricity.
If you don’t mind frost and cost.
In the final part of our probe into the curious case of Khan Resources, we review events leading to the seizure of the company’s Mongolian assets and its chairman’s unusual death in an Ulaanbaatar hotel.
Cut greenhouse gas emissions in New York by 40 percent by 2050. A commendable goal. But two of the four nuclear power stations in the state may close down by 2017.
In the second installment of the curious case of Khan Resources, we explore the company’s turbulent history in Mongolia and document a deal with Russia’s leadership to swap its uranium mines for hundreds of millions of dollars in aid and debt forgiveness.
Iron ore rally looks robust, but uranium approaches ten year lows.
The curious case of Khan Resources exposes how Mongolia seized uranium mine deposits from their Canadian legal owner and transferred them to Russian government control. And with elections imminent, the Mongolian government is now trying to clean up the mess. (Part One of a Three Part Series)