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North American markets end ahead, despite losing some ground; Dow passes 14,000

Wednesday, July 18th, 2007

North American markets finished the session ahead, but couldn’t hold onto all of the gains set earlier in the day, as Toronto lost some of its footing on lower energy prices and the Dow Jones dropped below its new record, set above the 14,000-point mark.
Toronto’s S&P/TSX composite index rose 43.76 points to 14,382.01, after the […]

BCE, Centerra Gold, Denison Mines: Canada Equity Market Preview

Monday, June 25th, 2007

The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed on June 22. Stock symbols are in parentheses after company names and prices are from the close on June 22.
The Standard & Poor’s/TSX Composite Index fell 109.70, or […]

Denison Makes a New Bid to Acquire OmegaCorp Limited

Monday, June 25th, 2007

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 […]

BCE, Centerra Gold, Denison Mines: Canada Equity Market Preview

Monday, June 25th, 2007

The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed on June 22. Stock symbols are in parentheses after company names and prices are from the close on June 22.
The Standard & Poor’s/TSX Composite Index fell 109.70, or […]

Ganke’s Southern Cross may sell its 5% of uranium deposit

Monday, April 23rd, 2007

CONTROL of the Bigrlyi uranium project in the Northern Territory could be up for grabs after two of the three joint venture partners said they have been approached for their respective stakes.
Canada’s Denison Mines, which has a stake in one of the joint venture partners, has been deemed the most likely suitor.

CAMEC buys 6.2% stake in OmegaCorp

Friday, April 20th, 2007

Central African Mining & Exploration Company plc (CAMEC), a producer of copper and cobalt in Africa has bought a 6.2% stake in ASX-listed uranium explorer OmegaCorp Ltd, after making a bid last Friday.
The company is purchasing 9.48 million shares of OmegaCorp, London-based CAMEC said on Thursday in a statement.

Camec in £100m bid for Australian uranium miner

Saturday, April 14th, 2007

Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]

Camec in £100m bid for Australian uranium miner

Saturday, April 14th, 2007

Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]

Areva Targets Australian Uranium to Feed Nuclear Boom (Update2)

Monday, February 19th, 2007

Areva SA, the world’s biggest maker of nuclear power plants, plans to boost its uranium reserves by buying Australian deposits or securing alliances with producers there amid soaring demand for the metal used in atomic reactors.
Areva, already the world’s third-biggest supplier of uranium, wants to double production by 2010, Philippe Portella, managing director of the […]

Analysts Remain Bullish on Uranium After Nearly Doubling in 2006

Monday, January 8th, 2007

After nearly doubling last year, the price of uranium appears poised to continue its bull run in 2007 as demand for the radioactive fuel continues to outstrip supply, analysts say.
”It is a commodity that has for years been under a lot of pressure from excess supply and now the seeds have been sown and we’re […]