Uranium Mining News

Sibanye Gold wants more platinum assets, but also eying base metals, coal, uranium

Despite the collapse in platinum prices last year, chief executive Neal Froneman is confident that the sector has turned a corner.

China scare drops mining stocks

Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.

Top uranium producer Cameco posts surprise loss

Weak prices and demand have forced the Canadian company to lower its output forecast for the year.

Rick Rule – A train wreck is coming in energy

Rick Rule, one of the foremost experts in the Natural Resource Space, convey the dangers and opportunities in oil, gas, and uranium.

This chart shows actual China GDP growth highest since 2014

Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.

500 jobs lost after Cameco shuts down Rabbit Lake

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.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

Chart: The march of the zombie miners continues

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).

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Uranium market is getting crushed

Uranium price falls to lowest since May 2005 as bearishness overwhelms the sector.

Sibanye to invest $250 million in its gold mines, keeps shopping for new assets

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Here’s how much Canadian miners are currently making

They are definitely making more than those working in forestry, manufacturing, finance and construction.

Canada’s mining industry backs national carbon price

The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.

IMF warns of another 14% drop in metal prices this year

The Fund's slightly more positive outlook for the Chinese economy not enough to halt metal price declines this year and in 2017.

For the Navajo nation, uranium mining's deadly legacy lingers

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.

Canada unveils final anti-corruption law for the extractive sector

Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.

The rights and wrongs of rights issues

Rights issues are the best way of raising funds in a way that does not disadvantage existing shareholders

De-carbonizing our energy sector

Nuclear energy currently provides around 11 percent of the world's electricity.

INFOGRAPHIC: Receding Arctic ice unlocking fathomless mineral resources

If you don’t mind frost and cost.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 3 of 3)

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.

Nuclear power under threat In New York

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.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 2 of 3)

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.

Mining's Q1: The best it's gonna get?

Iron ore rally looks robust, but uranium approaches ten year lows.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 1 of 3)

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)