Uranium sector won’t catch a break

Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mining despite previously issuing licenses to foreign companies such as Canada's Azarga.

The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.

Developing Yeelirrie, one of Australia’s biggest undeveloped uranium deposit, will depend on market conditions, said the company.

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

ALX and Orano are on the verge of initiating a multi-year exploration program with the goal of locating a new, high-grade uranium deposit in the Athabasca Basin.

The Minerals Council of Australia issued a communiqué following Scott Morrison’s comments where he said he would be okay with receiving proposals from the nuclear energy industry.

The probe was prompted by a petition filed by two uranium mining companies, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers.

The PFS assigns the project a $693m after-tax net present value at an 8% discount rate and a 21% after-tax internal rate of return.

But the iron ore price surge won't last says new survey of commodity analysts.