Uranium prices have fallen slightly, but the outlook remains bright.
Articles Tagged "Rio Tinto"
Uranium Investing News had a chance to talk to CEO Dev Randhawa about the company and the uranium market.
In a recent research note, Raymond James revised its uranium prices and shared its 3 top picks in the uranium space.
The Sydney Morning Herald reported that the Energy Resources of Australia (ERA) said that an approval to construct an underground uranium mine at its Ranger mine in Kakadu National Park will re-establish itself as one of the premier producers of uranium.
Bloomberg reported that Saskatchewan Premier Brad Wall said Canada should end limitations on foreign ownership for uranium companies like Cameco.
Ongoing problems at the disaster-stricken Fukushima Daiichi nuclear power plant aren’t helping Japanese citizens' perceptions of nuclear power’s safety.
The Sydney Morning Herald reported that uranium producer, Energy Resources of Australia believes that while the price of the commodity and demand are quite low these days, good times are bound to return if the company extends the life of its declining Ranger Mine.
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
Pistol Bay Mining Inc. (TSXV:PST), a junior Canadian mining exploration company, reported that it has been informed by Rio Tinto Canada Uranium Corporation that it has already mobilized a team to initiate drilling at its C-5 property in Saskatchewan.
Forbes reported several stocks reached a 52-week low including Rio Tinto (NYSE:RIO) and Vale (SAO:VALE5), according to GuruFocus.