Category: Uranium

Russia and Iran to revamp Fordow nuclear facility

Russia’s Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom. In an interview with Russia’s news agency TASS,...

/ February 13, 2018

A modern land run? Trump move opens Utah to mining claims under 1872 law

U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal...

/ February 1, 2018

Russia to invest $250 million in uranium exploration, production in Argentina

Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors. The deal, sealed during a visit by Argentine...

/ January 24, 2018

France's Areva rebrands to Orano in dire uranium market

By Geert De Clercq PARIS, Jan 23 (Reuters) – French uranium mining and nuclear fuel group Areva rebranded itself as Orano on Tuesday, closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at...

/ January 24, 2018

The one sector you want to own in 2018 (and 3 sectors to avoid)

Earlier in the week I wrote about one of my main themes for 2018, a rising inflation/interest rate environment. In this post I will lay out which sector I believe will do well against a backdrop of rising inflation and rising...

/ December 30, 2017

Supply cuts a 'step change' for uranium price

The announcement made by uranium giant Cameco in November  that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan and surprisingly deep three-year cuts by Kazakhstan’s state-owned Kazatomprom  provide a “step change” for uranium prices says a new...

/ December 19, 2017

U.S. court upholds Grand Canyon uranium mining ban, but allows mine nearby

WASHINGTON, Dec 12 (Reuters) – A U.S. federal appeals court on Tuesday upheld a lower-court ruling keeping a ban on uranium mining around the Grand Canyon, but also upheld a separate decision allowing a uranium mine nearby to open. The...

/ December 13, 2017

US Senate Chairman presses nuclear regulators on uranium exports by US firm owned by Russia

The chairman of the Senate Environment and Public Works Committee, John Barrasso, sent a letter today to the Energy Secretary, Rick Perry, and the Nuclear Regulatory Commission Chairwoman, Kristine Svinicki, informing them that he is expanding a 2010 investigation into...

/ December 12, 2017

French energy company’s shares sink on falling demand and nuclear outages

Shares in Electricite de France SA dropped about 10 per cent on Monday after the company cut its cash flow targets and 2018 profit by 4 per cent because of falling demand and delays in restarting some of its nuclear...

/ November 14, 2017

Anglogold Ashanti to raise $307 million with South African mine sales

South Africa’s Anglogold Ashanti is to sell two gold mines for a total $307 million in the latest retreat from a sector which is in a state of steep decline. Anglogold will sell its newest mine to Harmony Gold for...

/ November 13, 2017

Cameco posts unexpected third-quarter loss, trims production outlook

Canada’s top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) logged Friday a surprise quarterly loss and cut its full-year production outlook, due mostly to weak prices for the radioactive metal and issues at two of its operations. The Saskatoon, Saskatchewan-based miner said it...

/ November 13, 2017

Top paid positions at Canadian mines

This story was developed using data from Mining Intelligence. To learn more and schedule a demo, please click here There are 10 occupations at Canadian mines that pay six-figures or more according to a recently compiled survey by Mining Intelligence conducted this year....

/ November 12, 2017