Uranium One revenue falls 62% on lower volumes, prices
TORONTO – Vancouver-based Uranium One lost $11,9-million in the third quarter, (more…)
Archive for November, 2009
Uranium One continues losses
November 14, 2009Big revenue loss for uranium miner Paladin
November 14, 2009oilweek Nov 12, 2009 Paladin Energy suffers big loss; revenue down almost US$14M (Paladin) Ca PERTH, Australia _ Uranium producer Paladin Energy Ltd (TSX:PDN) blamed a decline in sales and prices for as fourfold increase in its net loss in the quarter ended Sept. 30.
Paladin, which reports in U.S. dollars, said it lost US$20 million or three cents a share in the quarter. That compares with a loss of $5.1 million or one cent in the 2008 quarter.Revenue was US$38.6 million, down from $52.4 million last year.
Uranium mining at an impasse at Four Mile
November 14, 2009SOUTH AUSTRALIA’S NEW URANIUM PROJECT Discord at Four Mile uranium mine site MineWeb The minor partner in the Four Mile project Thursday outlined a major grievance with its partner Heathgate ResourcesAuthor: Ross Louthean 12 Nov 2009PERTH -”……….The minor partner in the Four Mile uranium project, Alliance Resources Ltd (ASX: AGL) today detailed a major grievance with partner Heathgate Resources and issued claims of breach of contractual obligations in the Supreme Court of South Australia……………..
Alliance claimed a breach of contractual obligation of good faith in the signing of a native title mining agreement for the Four Mile project that, in essence, left Alliance out of the picture.
The documentation had Alliance demanding there be a new native title agreement that relates only to Four Mile.
Alliance chairman John Dunlop said the native title agreement subsumes the existing native title agreement for the Beverley mine, “giving rise to potential liability for Alliance for matters pertaining to Beverley.
“Neither ACE nor Alliance were invited to participate in or were involved in the negotiations with the native title holders and neither were a signatory to the NTMA (Native Title Mining Agreement,” the company said.
John Dunlop said as the NTMA has not been registered, a mining lease cannot be offered to the joint venture at this time and, therefore, on-site construction at Four Mile cannot commence.
Heathgate and its exploration arm Qasar are owned by the huge American group General Atomics.
Uranium mining companies locked in dispute
November 13, 2009- Miners clash on native title Sarah-Jane Tasker
- From: The Australian
- November 13, 2009
THE joint-venture partners in what is expected to be Australia’s next uranium mine are locked in a legal dispute over a native title agreement on the project. (more…)
Depleted uranium weapons’ devastating health effects in Iraq
November 10, 2009The Responsibility of the US in Contaminating Iraq with Depleted Uranium Global Research by Prof Souad N. Al-Azzawi 10 Nov 09 For two decades, the administrations of the United States of America and the United Kingdom have been waging continuous wars on Iraq to occupy this oil rich country. (more…)
Nuclear slowdown and poor uranium prices
November 10, 2009DJ ERA: Weak Uranium Prices, Weak USD Makes Projects UneconomicMon. TRADING MARKETS November 09, 2009; SYDNEY, Nov 09, 2009 Dow Jones Commodities News via Comtex) – Uranium miner Energy Resources of Australia Ltd. (ERA.AU), a unit of Rio Tinto Plc (RTP), said Tuesday weak uranium prices as well as the weak U.S. dollar would render new mining projects uneconomic in the longer-term.
This would leave the market heavily dependent on expansions in Kazakstan, in an industry where the global financial crisis was likely to slow new reactor build……………………
EGRAF,RTP DJ ERA: Weak Uranium Prices, Weak USD Makes Projects Uneconomic
Opposition growing to uranium mining in Africa
November 9, 2009AFRICA: We Are the Government By Jessie Boylan LAGO DISTRICT, Mozambique, Nov 6 (IPS) – As if they were going to the races, Emma Musako and Monica Mhango showed up in their finest outfits to attend a meeting on the health, social and environmental impacts of uranium mining. (more…)
Uranium milling faces legal action
November 9, 2009Sheep Mountain files suit against uranium mill approval Telluride Daily Planet (USA) By Matthew Beaudin Editor , November 8, 2009
“………….Sheep Mountain Alliance, a local environmental group, recently filed a lawsuit against the Montrose County Commissioners and its land use director, alleging a hopscotch of missteps in the board’s approval of a uranium mill to be built six miles outside of Paradox, Colo. (more…)
BHP Billiton still not coming clean on Olympic Dam
November 9, 2009Incidental damage The Age 9 Nov 09 A MONTH has passed since ”an incident” occurred at BHP Billiton’s underground uranium and copper mine at Olympic Dam in South Australia, but the mining giant is still no closer to coming clean on what happened. (more…)
Olympic Dam uranium mine to cut jobs
November 6, 2009Olympic mine job losses The Age BARRY FITZGERALD November 7, 2009 BHP Billiton has warned of job losses among its contractor workforce at the damaged Olympic Dam copper-gold-uranium mine in South Australia (more…)
