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Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months […]
Denison Makes a New Bid to Acquire OmegaCorp Limited
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of […]
Buyouts trim national icons from ranks of leading miners
Canadian companies are fading from the world’s mining stage, a study says, with the number listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, according to an annual review released yesterday by advisory firm PricewaterhouseCoopers.
“Consolidation […]
Canadian companies fade from world mining stage
Canadian companies are fading from the world’s mining stage, a study said on Wednesday, with the number of Canadian companies listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, said the annual review by advisory […]
Areva Lands Uranium Miner
Uranium is a hot property. On Friday the French state-controlled nuclear energy producer Areva agreed to buy UraMin, a South African uranium exploration firm, for a little over $2.5 billion, or $7.75 a share, in its bid to increase production of the element.
The all-cash offer represents a 21% premium to UraMin’s 20-day weighted average price […]
Eagle Plains/Wellstar Energy Commence Fieldwork on Saskatchewan Uranium Project
Eagle Plains Resources Ltd. and Wellstar Energy Corporation announce that crews have now mobilized to the Kulyk Lake project area, and will begin systematically mapping and sampling all known occurrences. Prospecting and reconnaissance mapping will also be completed in an attempt to locate new mineralization. An airborne geophysical survey is also scheduled for the property, […]
Central African Mining & Exploration Company Plc Expands Copper Cathode Production in the DRC
entral African Mining & Exploration Company Plc, the AIM listed fully integrated exploration, mining, trading and investment company, has successfully commissioned the second 10,000 tonnes per annum copper EW module at the Luita copper cobalt SX/EW plant facility in the Democratic Republic of the Congo (’DRC’). From June 2007 the plant will be producing circa […]
SXR Uranium to Buy Energy Metals for C$1.59 Billion (Update4)
SXR Uranium One Inc., the second largest producer of the radioactive metal, agreed to buy Energy Metals Corp. for C$1.59 billion ($1.5 billion) to meet growing demand from nuclear plants in the U.S.
SXR will offer 1.15 of its shares for every one of Vancouver-based Energy Metals, the two companies said today in a statement. SXR, […]
CanAm Uranium Signs Agreement with Geomode Mineral Exploration Ltd. Expand in the Athabasca Basin
The single 4087-hectare claim (S-110884) was previously controlled by International Uranium Corp/Denison Mines Corp., which still have a significant presence in the area. The Claim is considered to be a high priority target due to its proximity to large, high-grade uranium mines and its potential to host similar mineralization. The Claim is located on the […]
