Uranium Top Stories

Rise of ethical investing keeps losing social license the top risk to miners

The mining and metals sector is facing greater scrutiny from…

US and Canada discuss supply of rare earths as China dominates

A joint action plan being drafted by senior officials in…

Latest Stories

Immigration surges as Australia’s mining boom resonates in Europe

About 100 men in their 20s and 30s, filled a conference room at a Dublin hotel last week to hear a migration agent describe the personal fortunes waiting to be made a world away in the booming mining towns of the Australian outback. With unemployment running at close to 15 percent in Ireland, and local wages a fraction of those now on offer in Australia, it appeared to be an easy sell.

German nuclear phaseout means more coal

Germany will need more coal plants if it is to phase out nuclear power, Chancellor Angela Merkel said. "If we want to quickly get out of nuclear power and into renewable energy, we need fossil-fuel power plants.

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Australian minister expects continuing growth in uranium exports despite Fukushima

Australia said the Fukushima nuclear disaster in Japan would not curb the world's appetite for uranium and predicted its exports will continue to rise as its develops more mines. Spending on exploration in Australia to find more uranium is expected to rise by more than third this year, Australia's minister for mines, Martin Ferguson, said in a speech to geologists on Thursday.

CanAlaska Uranium to list on the Toronto Stock Exchange

CanAlaska Uranium Ltd. (TSXV: CVV)  ("CanAlaska" or the "Company") is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") within the next two weeks.  The company's current trading symbol, CVV, will remain unchanged. "This graduation to the senior TSX board represents another milestone in the development of CanAlaska Uranium," said Mr. Peter Dasler, President & CEO.

Nuclear’s renaissance still on track

The full cost of the Fukushima nuclear disaster is yet to be established but its impact on the nuclear sector as a whole may not be as bad as was first thought - even with the loss of Germany as an active participant.

U.S. opinion leaders ask Obama to continue Grand Canyon uranium mining ban

In an open letter contained in an ad published this week in the New York Times, 50 politicians, actors, scientists and public officials urged the Obama Administration extend a 1-million acre mining ban around the Grand Canyon National Park for 20 years. In 2009 U.S. Secretary of the Interior Ken Salazar issued a federal order calling for a two-year "time-out" from all new mining claims in the Arizona Strip near the Grand Canyon. The lands blocked from new exploration and mining activity includes acreage managed by the Bureau of Land Management and the U.S. Forest Service. Image is from Wikipedia and Chensiyuan

Unprecedented volumes on Africa’s biggest heap leach pad project

Construction activities have reached peak intensity on the 34-month Maxi Heap Leach Pad project for French nuclear company AREVA at its Trekkopje uranium mine in Namibia, which will feature in IM’s July issue. The Trekkopje JV, comprising Concor Roads & Earthworks as lead partner, together with Grinaker-LTA and Basil Read, reports that it has been consistently achieving its present productivity targets on what is a complicated project that requires precision planning and programme scheduling.

First Uranium announces financial results for the three and twelve months ended March 31, 2011

First Uranium announced total gold sales for its financial year ended March 31, 2011 ("FY 2011") of 142,630 ounces of gold, which is a significant increase over the 91,657 ounces sold at the end of March 31, 2010. The Company's consolidated revenue of $172 million for FY 2011, an increase of 86% from $93 million in revenue for FY 2010, resulted in the Company reflecting a $20 million gross profit margin from operations in FY 2011 compared to a loss of $18 million in FY 2010. Remembering that First Uranium remains in a capital development and growth phase, the consolidated pre-tax loss for the year was $76 million, which is a 19% improvement over the pre-tax loss of $94 million in FY 2010.