MineralStox.com reports Canadian uranium miners should have some good news with new investment rules surrounding uranium in Canada.
The Canadian uranium industry has been hamstrung by an antiquated federal law (dating back to the cold war) that restricts foreign ownership to 49 per cent.
In its recent throne speech, Canada’s Harper government announced plans to abolish this law and [...]
World Nuclear News reports Canada’s uranium production has overcome a period of low ore grades and operation problems since 2005.
This level, last seen from Canada in 2005, represents about 22% of world production and places Canada second to Kazakhstan’s 16,400 tU3O8 production, but ahead of Australia’s 9413 tonnes.
At McArthur River, a change in the licence allowed greater [...]
In last week’s Throne Speech, the Harper government laid out plans to liberalize foreign investment in the Canadian uranium industry in an effort to fire up mining activity.
Bloomberg.com reports Areva’s 2012 output for uranium may be reduced by 20% due to slump in prices.
The company said in September it expected to produce about 12,000 metric tons of uranium in 2012 and warned expansion plans could be modified because prices may no longer justify the cost. Uranium for immediate delivery fell 45 percent to $40.50 a pound [...]
Mega Uranium reports that it has lodged formal referral documents with the Western Australian and Australian governments for the environmental assessment of its Lake Maitland uranium project, Western Australia.
The referral documents, submitted to the Western Australian Environmental Protection Authority and the Commonwealth Department of Environment, Water, Heritage and the Arts, will enable the State and Federal [...]
Uranium Investing News & U308.biz report India and China agggressively planning their nuclear power generation goals for the future.
At present, China has 11 operating reactors, 16 in the works and 35 others planned over the next decade. The Asian nation is seeking to expand its nuclear capacity from the current 9 GW to 86 GW by [...]
Uranium Investing News & U308.biz report Tradetech raising uranium spot price to $55.00 per pound with the demand for uranium.
Since bottoming at its lowest level in over three years in April ($40 per pound), the price of yellow cake has been slowly but steadily rising as demand for energy commodities in general increases across the [...]
Uranium Investing News and U308.biz report on the global uranium supply and the recent scandal with Kazakhstan and Uranium One.
Rumors are circulating that political motivations are behind Dzhakishev’s arrest. Some question how Dzhakishev could have stolen “more than 60 per cent of state uranium deposits worth tens of billions of dollars,” as the KNB claims, [...]
Uranium Investing News & U308.biz report on a uranium deal made with US and Russia.
The deal will allow Tenex to supply uranium to US companies from 2014 to 2020 in the first solely commercial uranium contract between Russia and the US; it also follows a negotiated settlement in February 2008 between the two nations authorizing Russian uranium [...]
Uranium Investing News and U308.biz report uranium price making a comeback after a big fall last year.
According to TradeTech, the price spiked a solid $4 to US$49 per pound last week. Today, another industry consultant, UxC is reporting a spot price of $51 per pound.
TradeTech also reported “robust” buying interest responsible for 2.5 million pounds [...]
Thursday, March 18, 2010
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