Uranium News

Uranium mining, investment and price news

S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Cecilia Jamasmie | May 15, 2015
S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.

Can the mining industry diversify itself?

The mining industry is said to be one of the worst performers in matters of gender diversity. In fact, women represent only 16% of the workforce in the mining sector.

Cecilia Jamasmie

Struggling Argentina expects US$14 billion in mining exports

Cecilia Jamasmie | May 21, 2015
Struggling Argentina expects US$14 billion in mining exports

The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.

Gwen Preston - Resource Maven

Eight picks from four experts

In two weeks, four of today’s top experts in the metals and mining sector are gathering at the inaugural Metals Investment Forum to introduce some of their best bets for profiting in the upcoming turnaround.

Mining companies could shift market share away from OEMs if product quality is compromised

Timetric | May 19, 2015

As mining companies reinforce their push to minimise costs, original equipment manufacturers (OEMs) are at risk of losing market share if their product quality, after sales services and inventories, is not improved.

Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

Cecilia Jamasmie | May 15, 2015
Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

The U.S. largest electrical utility, has pleaded guilty to nine criminal violations of the Clean Water Act for polluting four major rivers with coal ash.

Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

Cecilia Jamasmie | May 14, 2015
Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

The sell-off includes the state's largest general cargo port, Fremantle.

Spot uranium price ignores fundamentals

Irina Dorokhova - Kursiv | May 12, 2015
Uranium: China’s chase

The main reason for price correction may not be the growing demand but the producers’ inability to meet the consumers’ price expectations.

World Bank grants Tanzania $45 million to improve mining sector

Cecilia Jamasmie | May 11, 2015
World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

Government board rules against Arctic uranium mine

Andrew Topf | May 10, 2015
Inuit inukshuk in Nunavut

A $2.1 billion proposal to build a uranium mine in the Canadian far north will not be proceeding anytime soon.

Asia’s $800 billion nuclear splurge to unlock uranium motherlode

Bloomberg | May 9, 2015

A nuclear-power boom in Asia that’s set to drive up uranium prices is triggering a resurgence in mining in Australia, home to the world’s largest reserves.

Forget Uranium. Real reason behind PM Modi’s Mongolia visit is China

First Post | May 8, 2015

India's Prime Minister Narendra Modi has made a master move in deciding to undertake an official visit to Mongolia this week.

Rick Rule: Mathematics of a resource portfolio

Sprott's Thoughts | May 8, 2015
investors, stock market, capital, shares, room surrounded by stock market figures and people watching - Colleen - 333

Tekoa and Rick get into the ‘nuts and bolts’ of speculating in exploration stocks.

South32 gets going after BHP investors strong support, sees M&A opportunities

Cecilia Jamasmie | May 6, 2015
South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

South Africa delays court decision on black ownership of mines

Cecilia Jamasmie | May 5, 2015
South Africa delays court decision on black ownership of mines

The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.

Outside money starts to pour into mining M&A

Frik Els | May 4, 2015
Report: Outside money starting to pour into mining M&A

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.

Goldman Sachs mulls selling Colombia’s coal mines

Cecilia Jamasmie | May 4, 2015
Goldman Sachs mulls selling Colombia’s coal mines

The sale would put an end to Goldman’s rocky involvement in raw-materials production.

Did Rick Rule back off of uranium too soon?

Sprott's Thoughts | May 1, 2015
New uranium explorer Roughrider prepares for market debut feat

Uranium has been on a tear recently. Stocks are going up fast in the sector. Even large companies like uranium miner Cameco have seen a double-digit move up in a month.

Russia first to test 10Gen uranium enrichment centrifuges

RT.com | April 27, 2015

Rosatom, Russia’s nuclear agency, confirms scientists are testing 10th generation centrifuges. No other country even possesses 9th gen tech, putting Rosatom years ahead of the competition.

Why bulls are charging into uranium

Option Monster | April 27, 2015

Traders are snapping up calls in uranium producers as Japan prepares to reopen nuclear reactors damaged in the 2011 earthquake and tsunami.

Life coming back to the global exploration sector

Cecilia Jamasmie | April 27, 2015
Life comes back to the global exploration sector

After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.

Mongolia to rescind $100m payment to Khan Resources

Cecilia Jamasmie | April 27, 2015
Mongolia to rescind $100m payment to Khan Resources

The two sides met last week, but failed to reach an agreement on a dispute that has dragged on for six years.

China is burning through its natural resources

Vladimir Basov | April 26, 2015
Slowdown. What slowdown? China's copper, iron ore imports set records

China is the globe's top mining country, but its alarming reserves-to-production ratio is forcing domestic miners to hunt for deals in the rest of the world.

Canadian mining chairman Jim Doak found dead in Mongolia

Cecilia Jamasmie | April 24, 2015
Mongolia to rescind $100m payment to Khan Resources

Doak, the chairman of Toronto-based uranium exploration and development company Khan Resources, was found dead Thursday morning in his hotel room.

Clinton, Giustra push back against New York Times' Uranium One story

Michael Allan McCrae | April 23, 2015
frank giustra statement uranium one new york times

"If this is what passes for investigative journalism in the United States, it is very sad."

Russia took control over 20% of US uranium after Uranium One’s associates made lavish contributions to Clinton Foundation

Vladimir Basov | April 23, 2015
new york times profile uranium one clinton

The sale gave the Russians control of one-fifth of all uranium production capacity in the United States.

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