lunes, 11 de diciembre de 2017

Kazakh supply shock to jolt uranium price

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Uranium News Digest
Tuesday 12 December 2017
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World's top supplier of uranium announces 20% cut in production over three years.

Senator John Barrasso is expanding a 2010 investigation into the Obama administration's approval of the sale of Uranium One's uranium recovery facilities to the Russian state-owned firm Atomredmetzoloto.

Azincourt says the 6,000-hectare land package included in its agreement with New Age Metals represents the largest mineral claim holdings of projects for the lithium group or type of minerals in the Bird River Greenstone Belt.

The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Two-thirds of miners increase head count in '17

The world's No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world's biggest money managers.

Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator

Spain's National Audience dismissed a series of allegations presented by Berkeley Energia against a legal action filed by a group of environmentalists who oppose the company's uranium project.

Uranium Oxide Price - 6 months
Uranium Oxide Price - 5 years
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