Uranium Top Stories

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

Saying that just over 20% of miners had met the…

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.

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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.

Cameco, Uranium One shares fall on Germany’s nuclear decision

Shares of top Canadian uranium producer Cameco (CCO.TO: Quote) slipped as much as 4.4 percent on Monday, after Germany said that it plans to shut all its nuclear reactors by 2022. The move to shut down its nuclear program comes just nine months after Berlin announced an extension to the lifespan of its plants by an average 12 years.

Zambia approves Barrick, Equinox deal

Zambia has approved the proposed takeover of Equinox Minerals by Barrick Gold on condition the government keeps its 2.2 percent stake in Equinox, a regulatory body said on Friday. The Zambia Competition and Consumer Protection Commission granted final conditional authorisation of the acquisition as the deal did not raise any competition concerns, it said in a statement.

Commodities boom drives economic growth in several Canadian provinces

A Conference Board of Canada report says high energy and metals prices "are prompting resource companies to invest billions in iron ore projects, nickel processing and offshore oil developments" in Newfoundland and Labrador, generating the largest growth in real GDP this year of all the Canadian provinces." The board's Provincial Outlook - Spring 2011 report issued Wednesday also forecasts that Saskatchewan "will benefit from tax breaks and a hot mining industry."