Uranium miners making the news today include First Uranium Corp., Uranerz Energy Corporation, Bayswater Uranium Corporation and Khan Resources.
While uranium spot prices are expected to remain flat for 2010 and into 2011, rising demand from the growing nuclear power utilities sector should benefit uranium prices over the long-term.
For complete article, click onto Uranium Investing News.
Uranium seems to be the only thing going for the impoverished and politically unstable Niger, ranked last of 182 countries on the UN’s 2009 Human Development Index. This latest coup is the fourth since 1974 in the mostly Islamic West African country.
Yellowcake accounts for 72 per cent of national exports from Niger, the world’s sixth-biggest [...]
Japanese private utilities firms have some stiff competition especially when it comes to state-backed utilities companies looking to secure uranium and nuclear contracts, especially Korean companies.
“Uranium in particular stands to benefit from the nuclear renaissance, in our view, which appears to be kicking into high gear,” says Bart Jaworski, analyst at Raymond James.
Japan, which obtains [...]
Canadian uranium miners in the Athabasca Basin are advancing projects.
The Saskatchewan-based miner had originally planned to start production at the mine in 2008, but a rock fall brought on a flood in late 2006, stopping development. In June 2008, Cameco began pumping water out, but unfortunately the mine flooded again in August. In November 2009, [...]
Despite uranium’s lackluster performance over the last few years, 2010 holds promise as utilities and buyers from Asia, where nuclear power programs are on the rise, are expected to come back into the market creating much needed demand.
Uranium price movements stalled in 2009 averaging about $46 per pound and spot currently sits at $44.50 according [...]
By Melissa Pistilli-Exclusive to Resource Investing News
Gold Investing News
China’s Northwest Nonferrous International Investment Company was looking to purchase 51 per cent of US-based miner Firstgold [TSX: FGD], which has four properties in gold-rich Nevada.
If the deal were to go through, it would have given China its first mining purchase in the US.
However, The Committee [...]
Political risks in the resource industry don’t only apply to foreign mining companies, as is evident by the prosecution of the man credited with turning Kazakhstan into a global uranium top dog.
Last week, Uranium One Inc [TSX: UUU] announced it had acquired a 50 per cent share of the Karatau uranium project in Kazakhstan from [...]
While the forecast for increasing demand is having an impact on Australia’s uranium mining industry, the touchy politics associated with the rare earth resource remain in play at the state and federal level.
Geologist and managing director of Summit Resources [ASX: SMM], Alan Eggers has said the ban doesn’t make any sense. “It is a political [...]
WAToday.com.au reports Mega Uranium, a Canadian mining company, announced on Wednesday the WA Department of Mines and Petroleum had granted a mining lease for its Lake Maitland project, near Wiluna.
It is the first such venture to get the go-ahead since the ban on mining the radioactive material was overturned by the state’s Liberal-National government in [...]
Uranium Investing News & u3o8.biz report on uranium markets and investing in the long-term.
Despite bearish moves in the uranium spot price this year, Deutsche Bank’s latest market report backs up bullish sentiments toward long-term investment in uranium stocks.
Supply/demand fundamentals in the short-term may lead to further dips in U308 spot and uranium stocks prices, but [...]
Tuesday, March 2, 2010
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