Posts Tagged ‘business and costs’

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Uranium One’s losses due to low prices

March 27, 2010

Uranium One announces $36.5m net loss for full year 2009 , 11 Mar 2010,(Reuters) “….- Uranium One Inc (UUU.TO: Quote) posted a net loss in 2009, hurt mainly by lower realized uranium prices, ….Earnings from mine operations fell 41.2 percent to $54.6 million. The company said average realized sales prices fell 30 percent in 2009.

Shares of the Vancouver, British Columbia-based miner closed at C$2.81 Wednesday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Maju Samuel)

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Low uranium price affecting Cameco

March 27, 2010

Cameco downgraded on weak uranium price Financial Post  March 03, 2010, by Eric Lam Saskatchewan Even Cameco Corp., the biggest player in the uranium industry, cannot escape recent weaknesses in the mineral’s spot price.
Fraser Phillips, analyst with RBC Capital Markets, has downgraded Cameco to Sector Perform with above average risk from Outperform while lowering his price target to $32 from $35, citing declining uranium prices.

Since the beginning of the year, uranium spot prices have dropped $4 a pound, approacing the $40/lb low-water mark of the past four years.

Cameco downgraded on weak uranium price – FP Trading Desk

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AREVA to cut production due to low uranium prices

March 27, 2010

AREVA May Cut Uranium Production By Melissa Pistilli, Uranium Investing News, 15 March.2010, Depressing uranium prices have forced French uranium miner AREVA to plan a review of its projects, which may lead to a 20 per cent cut in its 2012 output target. (more…)

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Low uranium price slows new mining ventures

March 27, 2010

...The uranium expansions are having to factor in lower uranium price expectations. Prices …. have been steadily declining…..The Australian Bureau of Agricultural and Resource Economics said the price decline reflected the situation where supply would exceed demand for the second year in a row.

Uranium mining cranks up at Honeymoon, Sydney Morning Herald BARRY FITZGERALDMarch 12, 2010 COMMISSIONING of Australia’s fourth uranium mine begins next month…..Honeymoon is nevertheless set to reach the production stage before what was meant to be Australia’s fourth uranium mine, the Four Mile joint venture between Heathgate and Alliance Resources. (more…)

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Uranium price looks like staying down, longterm

March 27, 2010

wo Death Crosses on price charts for Australia’s two leading producers of uranium. What does this tell investors?

A Death Cross For Global Uranium Stocks

FNArena News – March 02 2010 , By Rudi Filapek-Vandyck A recent sector report by Canadian stockbrokers Haywood Securities has revealed that price charts for many international uranium stocks carry the so-called “Cross of Death”. This is when a shorter term trendline moves below the longer term trendline and stays beneath it. (more…)

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Areva now out of one Australian uranium project

February 18, 2010

WA stock values fall in January  WA Business News Finance: 17-February-

Berkeley Resources announced it had terminated its head of agreements signed in March 2006 with French nuclear power group Areva NC. In doing so, any rights previously granted to Areva for off-take or marketing of uranium production from Berkeley’s projects have been terminated with immediate effect,….

WA stock values fall in January – WA Business News

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Gloomy outlook for uranium mining shares

February 17, 2010

Spot Uranium Remains Under Pressure SHARECAFE BY RUDI FILAPEK-VANDYCK – 17/02/2010Investors and uranium market enthusiasts may want to pay attention as two stockbrokers in Australia used last week’s somewhat disappointing results release by Paladin Energy (PDN) to reiterate their negative view both for uranium companies and for the short term outlook for spot U3O8 prices. (more…)

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USA wasting $billions on unnecessary nuclear and uranium projects

February 12, 2010

POGO is Shocked by Wasteful Spending in DOE Budget

Project on Government Oversight, Ingrid Drake, 4 Feb 2010 In the midst of initiating a federal spending freeze, it is shocking that President Obama’s FY 2011 Budget Request released this week pours billions of dollars into two unnecessary nuclear weapons construction projects. There is no demonstrated requirement for either the Uranium Processing Facility (UPF) at the Y-12 National Security Complex nor the Chemical and Metallurgical Research Replacement Nuclear Facility (CMRR-NF) at the Los Alamos National Laboratory (LANL). (more…)

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Low price for uranium for the year ahead

February 12, 2010

An Un-Happy New Year For Uranium2/02/2010 Nine MSN By Andrew Nelson January was tough on uranium, with U3O8 prices dropping more than 5%, or US$2.25/lb to $42.25/lb from the prior month. The price is now at its lowest level since March 2009.The fairly steady decline that has been seen over the past few months is primarily the function of supply and demand fundamentals, with a high availability of stock not being helped by increasingly low-priced supply and light, mostly discretionary demand………….with demand remaining discretionary in nature, buyers are only really moving to lock in lower prices. Unfortunately, this demand is being met by an ever increasing willingness on the part of some sellers to lower prices further in order to close sales.

An Un-Happy New Year For Uranium

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No sign of increase in price of uranium

January 29, 2010

the term uranium market was even quieter, with no new demand…

Uranium Continues Its Retreat ninemsn Money 27/01/2010  By Andrew Nelson With only a handful of deals reported last week, the uranium spot price continued its new year retreat. Industry consultant TradeTech’s U3O8 Spot Price Indicator showed a decline of US$1.25/lb to US$42.50/lb over the course of last week……………. (more…)

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