China vs. United States: A tale of two economies

The East African reports that the Russian state-owned nuclear energy firm JSC Atomredmetzoloto (ARMZ) is shelving a plan to acquire the $1.16 billion Mkuju Uranium assets in Southern Tanzania over the recent Japanese nuclear plant crisis. The move comes a month after the Russian firm obtained a take-over approval from the government of Tanzania under the Fair Competition Act 2003. The Tanzanian government had said that it would start higher grade uranium mining in early 2012 at Mkuju River following the completion of the feasibility study and the approval of environmental impact assessment of the area.

As Japanese workers and scientists battle to prevent a nuclear meltdown at the Fukushima plant, most Nunavut residents who showed up to a public forum Thursday night rejected the spectre of uranium mining in the northern Canadian territory. Many Nunavummiut who attended a uranium forum Thursday night said they do not want uranium mining in Nunavut, while some even attacked the territory's Inuit group for supporting uranium development.

Canadian gold and uranium producer First Uranium Corp (FIU.TO) said on Friday it has resumed underground operations at its Ezulwini gold mine in South Africa. A temporary work stoppage instruction was issued on March 12 by the South African Department of Mineral Resources, pending investigations after a worker died in fall of ground.

As Japan teeters on the brink of a disaster at its Fukushima DaiIchi nuclear power plant, Cameco chief Jerry Grandey suggests the […]

While the jury remains out on exactly what went wrong at certain tsunami-and earthquake-impacted nuclear power reactors in Japan, investors took decisive action on Monday, selling down listed uranium stocks by up to a third. Smaller stocks were especially punished. During Australian trade, Pitchstone Exploration was sold down by 32% on the day. The world's biggest listed uranium producer, Canada's Cameco, fell 12.7% to close at $31.70.

Australian uranium counters took a substantial hit on Monday in the wake of the crisis at the Fukushima nuclear power plant in […]

Western Lithium USA Corporation (WLC) and Western Uranium Corporation (WUC) said Friday that they have completed the previously announced transaction for the […]

Denison Mines Corp. has secured permits needed to reopen three uranium mines near the Grand Canyon, CB Online is reporting. The Toronto-based company already operates one uranium mine on federal land north of the iconic park. The company processes the ore extracted from the mine at a mill in Blanding, Utah.

The Fukushima Daiichi Nuclear Power Plant has been in the news after the earthquake in Japan cut off the plant’s cooling system. […]