Keloland.com reports Powertech wants to drill more holes for testing in South Dakota.
Powertech Uranium Corp. already has a state permit for 155 exploratory holes near Edgemont. Project manager Mark Hollenbeck says the company wants to drill 30 additional holes to find areas that have no uranium and could be the site of its processing plant and [...]
Read the full article: "Powertech wants more test holes"
Wednesday, November 19, 2008
The Desmoines Register(EDITORIAL) reports on nuclear energy and its advantages.
That much power cannot be effectively produced with alternatives because we just cannot build that many windmills (that produce power only when there is the right amount of wind) and certainly not with fossil fuels (that we are trying to avoid because of climate change and [...]
Read the full article: "Nuclear energy is clean and efficient"
Tuesday, November 18, 2008
Mining Journal Online(Editorial) reports uranium spot price rises by US$5.00 to US$53 per lb.
The weekly price of spot uranium rose to $53/lb on Tuesday and is up 20% over the past month due to firm demand by nuclear reactors, traders said.
For complete story, click this link. Follow developments in uranium mining and exploration for free.Sign [...]
Read the full article: "Spot uranium rises to $53 per lb"
Tuesday, November 18, 2008
UPI.com reports Russia would increase uranium production by 3,841 tons by 2008.
Proven uranium reserves in Russia have reached 545,000 metric tons, a 275 percent increase from 2006, Natural Resources Minister Yury Trutnev said Tuesday, RIA Novosti reported.
Atomredmetzoloto, known as ARMZ, plans to increase production to 20,000 tons per year by 2024, the report said, making [...]
Read the full article: "Russia to increase uranium production"
Tuesday, November 18, 2008
FN Arena News reports uranium price is on the move this week.
This week the price of spot uranium has jumped by US$5 to US$53/lb. According to consultant TradeTech, delayed demand is now returning in earnest but at the same time the supply side is hitting difficulty. This augers well for further spot price gains.
For complete story, click this link. [...]
Read the full article: "Uranium on the move"
Monday, November 17, 2008
AdelaideNow reports the Westren Australian government has lifted the ban on uranium mining.
The Government’s decision makes way for dozens of uranium deposits across the state to be exploited if capital can be raised.
“It is now open to the mining industry in this state, if they wish to proceed with plans to develop the uranium industry,” [...]
Read the full article: "Uranium mining ban lifted by Western Australian Govt."
Monday, November 17, 2008
Australian Broadcasting News reports a new massive discovery of uranium deposit found near Kakadu National Park, Australia.
The state mines minister, Kon Vatskalis, says he is confident the mine could potentially expand without damaging the surrounding Kakadu National Park.
“Every mine that operates in the Northern Territory has to provide assurity and monetary assurity, and with regards to [...]
Read the full article: "Massive new uranium deposit found in Australia"
Friday, November 14, 2008
Moneyweb(Editorial) reports Uranium One released its third quarter results and its $2.8B in write-downs.
During the latest quarter, Uranium One wrote down mineral interests, plant and equipment to the tune of USD 1.8bn on Dominion, USD 0.7bn on US exploration properties, USD 0.2bn on Honeymoon and Australian exploration, and USD 0.1bn on Hobson (US), La Palangana [...]
Read the full article: "Uranium One’s shocker"
Thursday, November 13, 2008
Mineweb(Editorial) reports uranium fundamentals for the long term remains positive however new production is needed to meet the future growing demand.
Cameco CEO Jerry Grandey said Wednesday, “The long-term fundaments of uranium markets remain strong. New production is needed to meet growing demand.”
Meanwhile, Grandey told analysts that he believe global uranium production may fall 5 million pounds [...]
Read the full article: "New uranium production still needed to meet growing demand"
Thursday, November 13, 2008
World Nuclear News reports uranium companies though not affected by the uncertainty in the financial markets are well positioned for the long haul.
Commissioning of the uranium production plant at First Uranium’s Ezulwini uranium mine has been delayed and is not now not expected until 2009, the company has announced. The uranium plant at the South [...]
Read the full article: "Uranium companies weathering the storm"
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Wednesday, November 19, 2008
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