MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

Reuters: China interested in building nuclear plant in East Africa

Reuters reports: China wants to help build nuclear power generation in East Africa, uranium mining and investment company IBI Corp said in a statement after meeting Chinese officials in Beijing, revealing China's undimmed appetite for overseas nuclear expansion despite the Japanese nuclear crisis this year. IBI, which has uranium-prospective land in Uganda, said its director, A.J. Coffman, held an "encouraging meeting... with the relatively new umbrella organization overseeing China's research and development of Generation 3 and Generation 4 nuclear power plant designs."
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Gold price steadies as inflation revives higher-rate bets

Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.