Reuters reported that Iran’s president Mahmoud Ahmadinejad visited uranium-producing Niger on Monday as part of its aim to deepen its ties with Africa.
Articles Tagged "Africa"
Major companies like AREVA and Cameco understand how important it is to mitigate risks such as fighting in Mali and Nigerian resource nationalism by geographically diversifying their assets.
Bloomberg reported Paladin Energy Ltd. (ASX:PDN) plans to make up to three deals in the next few months selling off minority stakes in some projects.
Labor disputes related to uranium mining operations in Africa have gained prominence recently, with several companies reporting strikes. The impact could be considerable if continued challenges become more widespread.
Reuters reported Paladin Energy Ltd (TSX:PDN,ASX:PDN) said employees at its Kayelekera mine in Malawi went on strike on Friday demanding higher pay.
Globe and Mail reported IMF Chief, Christine Lagarde said many countries in sub-Saharan African are less prepared to deal with an economic shock now.
By Melissa Pistilli-Exclusive to Uranium Investing News Both the industry’s two leading consultancy firms, TradeTech and Ux, have lowered their weekly uranium spot price indicators to $52 per pound, erasing last week’s gains. The dramatic increase in the short-term U308 price from $49 to $55 over the past month brought new supply to market, but [...]
Bloomberg.com reports the Australian company, Paladin Energy expects to expand output beyond Africa to fill production shortfall. “Our scrip is much more valuable and acceptable than just straight cash, so we can compete against companies that can only offer cash,” Borshoff said yesterday in Perth. “We’ve got significant opportunities and probably in the next nine months, some [...]
By Melissa Pistilli-Exclusive to Uranium Investing News During much of the twentieth century, the U.S. was the world’s leading uranium producer until Canada and Australia surpassed U.S. levels. In 2007, Canada and Australia accounted for 23 per cent and 21 per cent respectively of world uranium output, while output from the U.S. represented merely 4 [...]
By Luke Brocki – Exclusive to Uranium Investing News and U3O8.biz The spot uranium market is flat this week, though that’s not the same as saying there’s nothing going on in the nuclear sector. On the contrary, the latter is teeming with deals and expansions, as nuclear producers around the world vie for dominance in [...]