Mineweb reported that Martin Ferguson, Australia's energy and resources minister, said that the country's decision to allow uranium sales to India is significant, but will depend on the negotiations that take place when the time to conduct exports arrives.
Energy Fuels Inc. (TSX:EFR) announced two sales of about 2000,000 pounds of uranium yellowcake during July for approximately $62.18 a pound.
Financial Post reported Cameco Corp. (TSX:CCO,NYSE:CCJ) experienced a sharp drop in second quarter profit dropped sharply as uranium sales volumes declined, prices fell and costs rose.
SMH reported the claim that the proposal to end Australia's blanket ban on civilian uranium exports to India will lead to nuclear weapons is mistaken.
In an interview with Uranium Investing News, Simon Clarke, Communication Director for the Australian Uranium Association (AUA), detailed his cautionary optimistic viewpoint for the uranium industry, "Indian investors are likely, once permitted, to look for potential investments in Australian uranium assets."
The Age reports India is hoping to persuade Australia to lift ban on uranium sales.
Investors Chronicles report on Kalahari Minerals. Kalahari clearly has, via 41 per cent-owned Extract Resources, a world class uranium deposit at Husab, close to Walvis Bay in Namibia, but the problem is that it takes time to bring a mine – even an open-cast mine – into production. For complete story, click here.
Mining Journal reports Cameco Corp.,(TSE:CCO) uranium giant lowers its uranium sales forecast for 2010. The company attributed the lower sales expectations on the deferral of deliveries by some customers to 2011 and to the “discretionary nature” and lower prices on the spot market. For compelete editorial, click here. For Cameco’s news release, click here.
AFP reports Paladin Energy (ASX:PDN) has made long term plans with China in uranium sales. The agreement also mentioned the possible expansion of joint venture relationships between Paladin and Energy Metals, in which CGNPC holds a 69-percent stake, the firm said in a statement released Thursday. Energy Metals is an Australian uranium exploration company and holds [...]
RBC News reports uranium sales joint venture is being formed by Kazakhstan and Russia. Rosatom and Kazatomprom are poised to form a joint venture to sell uranium, according to a memorandum on integration and cooperation in the peaceful use of atomic energy signed by the Russian atomic energy state corporation’s chief Sergei Kiriyenko and President of [...]
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