Nuclear fuel fundamentals 'extremely strong' – Uranium One

The fundamentals for uranium remain “extremely strong”, with Japan almost certain to restart some of its nuclear reactors this summer, Toronto- and JSE-listed Uranium One said on Tuesday. CEO Chris Sattler said the country was heading into a...

Uranium One swings to profit, revenue hits record $530m

TSX- and JSE-listed Uranium One posted record revenue of $530-million as sales rose to record and a production increased in the 2011 financial year, The firm, which produces uranium at mines in Kazakhstan, Australia and the US, reported net...

Uranium One hikes Mkuju River resource

Uranium One, which produces the nuclear fuel in Kazakhstan and the US, on Thursday said it increased the indicated resources at its Tanzanian Mkuju River project by 48%, backing management’s expectations that it could build a bigger mine there....

Uranium One cuts demand forecast by 8%-10%

Canada’s Uranium One has cut its demand growth projections for uranium by 8% to 10% over the next decade, but still expects the world to consume 3% more uranium every year over the same period. Further, marketing executive Scott Melby said that...

Uranium One's Q2 earnings leap 450%

TSX- and JSE-listed Uranium One on Monday posted a $29.7-million profit for the three months ended June – a 450% increase on the previous year’s figure – as revenue nearly doubled. The company said it is sticking with its 2011 production...

Uranium One hints at Mkuju River output above 5Mlb/y

Uranium One is reluctant to discuss details of its development plans for the Mkuju River project in Tanzania until an updated feasibility study is published early next year, but CEO Chris Sattler indicated on Tuesday that production levels will...

India's arrival as uranium mine buyer to heighten competition - Uranium One

Uranium One CEO Chris Sattler expects to see India emerge as a buyer of uranium companies around the world, increasing competition for a limited number of assets, he said in an interview this week. Bloomberg reported on Friday the country is...

Uranium One aims to double production this decade

Uranium One, which reported a net profit of $14-million for the first quarter, aims to more than double its 2011 production to between 22-million pounds and 26-million pounds by 2020, CEO Chris Sattler said on Wednesday. The Toronto- and...

Uranium One unveils Q1 profit on higher prices, production

TSX- and JSE-listed Uranium One swung to profit in the first quarter, it said on Wednesday, posting net income of $14-million as it benefited from higher production and prices for the nuclear fuel. The company produced a record 2,4-million pounds...

ARMZ, Mantra agree to lower-priced deal

Uranium junior Mantra Resources on Monday said it had accepted a new lower bid of A$7,02 a share from Russia’s Atomredmetzoloto (ARMZ). ARMZ had in December agreed to buy Mantra for A$8 a share to gain access to its Mkuju River deposit in...

Uranium One sees greater potential for Mantra acquistion

TSX- and JSE-listed Uranium One, which on Tuesday reported record output and revenues for 2010, said the Mkuju River project could show “much higher” production than the 3,7-million pounds yearly forecast in a feasibility study. Uranium...

Uranium One hires former Cameco exec as marketing VP

ranium One has appointed Scott Melbye as executive vice-president of marketing, the company said on Friday. Melbye, who will join Uranium One in May, was most recently president of Cameco, as subsidiary of Cameco, where he was responsible for...