The patience of Cameco Corp. shareholders is being testing yet again, as the Saskatchewan-based uranium producer’s latest round of quarterly earnings fell short of expectations, the company cut its dividend, and now it has decided to temporarily suspend work at two operations. The news sent Cameo shares higher, as the production cut is expected to …
EXCLUSIVE TO SIGHTLINE U3O8 – Since 2007, Kazakhstan has raced to become the world’s largest producer of uranium. With the second highest amount of known recoverable uranium resources and one of the lowest production costs in the industry, Kazakhstan has positioned itself perfectly to dominate the uranium market. So, what have they done with those …
The Trump administration is targeting for review a uranium mining ban that former President Barack Obama instituted in the watershed of the Grand Canyon. The Forest Service, which owns some of the more than 1 million acres of land subject to the uranium ban in Arizona, put the withdrawal on a list of policies released Wednesday that it says inhibit …
Johannesburg – A bleak market outlook most likely forced Karoo Uranium mining hopefuls Peninsula Energy Ltd to withdraw from South Africa. According to Dr Stefan Cramer, SA Faith Communities’ Environment Institute (Safcei) Science Advisor, the same poor outlook will also keep potential buyers from mining the Karoo for uranium. Peninsula announced last week Wednesday that …
Small but very critical item in the uranium space this week. Suggesting that the world’s largest producing nation may be about to take drastic action in propping up faltering prices. That’s Kazakhstan — the world’s reigning champ for uranium output the last several years. Where officials said they may move to further cut production in …
NIAMEY, Oct 11 (Reuters) – French uranium mining and nuclear fuel group Areva NewCo’s two uranium mines in Niger will cut staff and output in the face of falling uranium prices, a local union leader said on Wednesday. The state-owned company runs the open-cut Somair mine outside the northern, desert town of Arlit and the …
Uzbekistan signed a contract on supply of uranium to the United States. The contract is designed for 7 years and its cost exceeds $300 million. “It is a long-term contract. This is very important and significant. The total value of the contract exceeds $300 million,” said Elyor Ganiev the Minister of Foreign Trade of Uzbekistan, …
Energy Fuels, a leading US producer of uranium, expects to be the country’s top producer at about 650,000 lb in 2017 and could triple its annual output if prices rose from the current $20/lb, a company official said Monday. In comments webcast on the company’s website Monday afternoon, Curtis Moore, vice president of markets and …
Nuclear power is gaining popularity as the world tries to meet increased demand for electricityfrom non-carbon sources. Nuclear power is a result of heat generated through the fission process of atoms. The most common fuel used in conventional nuclear fission power stations is uranium, a silvery-white radioactive metal in the actinide series of the periodic …
Perth – Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade low price of $20/lb,” Munro said on Thursday. “While all commodity markets are cyclical, and it …
