May 1, 2012

2011 wages for US metal and industrial mineral mines

There are conventionally 2,080 work hours in a year. Thus somebody earning a wage of $20 an hour gets the equivalent of a salary of about $42,000. Considering the mine…

May 1, 2012

Cameco gains 5% after strong quarter

Sales volumes were up 33% at Cameco, the world's largest uranium miner in Q1. Revenue increased 22% to $563 million and gross profit showed a gain of 31% to $178…

April 30, 2012

India’s new uranium mine may host one of world’s largest reserves

In what is considered a major milestone in the Indian nuclear program, the Uranium Corporation of India Ltd (UCIL) commissioned last week a new uranium mine, which may host one…

April 30, 2012

Veteran broker accuses BHP Billiton of destroying own wealth with bad decisions

From aborted takeover attempts for Rio Tinto and Potash Corp and what is seen as a disastrous successful one for Petrohawk, BHP Billiton is accused of making many bad decisions…

April 29, 2012

BC overpaid by $21 million to settle uranium mine claim: NDP

The Opposition New Democratic Party is alleging the Liberal government of BC overpaid Boss Energy to abandon plans for a uranium mine near the Interior city of Kelowna.

April 29, 2012

New high-grade uranium mine granted 10-year lease

Alliance Resources and Quasar Resources, joint venture partners in a South Australia uranium mine, have been granted a 10-year mining lease on the property located 550 kms north of Adelaide.

April 27, 2012

Social responsibility in mining is basic risk management, not feel-good projects

Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly…

April 27, 2012

US studies new law to speed up one of world’s longest permitting processes

"What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially…

April 27, 2012

French uranium supply threatened by strike in Niger

Niger's uranium workers have downed tools over a dispute with Areva, the French nuclear power giant that owns the Imouraren mine.

April 25, 2012

Uravan signs $22 million uranium exploration agreement

Uravan Minerals and Cameco have signed an agreement whereby Uravan granted Cameco the exclusive option ("Option") to earn an aggregate 70% interest in Uravan's 100% owned Halliday and Stewardson uranium…