Shiva Uranium contract miner to absorb workers

The new owner of the Dominion mine, Shiva Uranium, plans to retrench more than one half of the mine's workforce, as it brings in a contract miner for the operation near Klerksdorp. Trade union Solidarity said on Friday that Shiva Uranium, headed...

Weekly podcast – May 12, 2010

Australia is willing to negotiate on the details of its super profits tax on mining firms; Uranium One sells its Dominion project in South Africa; and Guinea is hoping for a second major international investment in its mining sector.

Uranium One closes the door on Dominion

Uranium One has finally sold its Dominion project in South Africa, the company announced on Monday, bringing an end to what CEO Jean Nortier called a “sad chapter” for the miner. “But we had to close that chapter, we certainly weren't going...

Industry needs much higher uranium price to fund new production

The uranium-mining industry will likely need to see prices lift “considerably” before lower-grade, higher cost mines can be brought into production, Jean Nortier, the CEO of Vancouver-based Uranium One, said on Monday. Uranium One also...

Uranium One loss widens on writeoff, buys assets in Wyoming

Vancouver-based Uranium One reported a second quarter loss of $265-million, compared with a $68-million loss a year earlier, mainly because of a write-off $251-million associated with the firm's Dominion mine, in South Africa, which was closed...

Prospects still solid for organic, acquisitive growth at Uranium One – CEO

After a tumultuous first year or so at the helm, delivering solid good news to the market in the early part of this year was like a novel but highly gratifying experience for Uranium One CEO Jean Nortier. The Vancouver-based miner, which reported...

Roller Coaster Continues . . . . but prospects still solid for organic, acquisitive growth at Uranium One, says CEO

After a tumultuous first year or so at the helm, delivering solid good news to the market in the early part of this year was likely a novel but highly gratifying experience for Uranium One CEO Jean Nortier.

Uranium One sees price 'softness' in short term, return to strength by 2011

The spot price for uranium will likely remain at current low levels in the short term, but market conditions can be expected to improve steadily over the next 18 months, Uranium One president and CEO Jean Nortier suggested on Monday. He added, as...

New Japanese partners offer strategic benefits, crucial market intel – Uranium One

An agreement on a private placement and offtake pact with a consortium of Japanese firms will not only ensure that Canadian uranium miner Uranium One is well-funded – thanks to a C$270-million cash injection – but will also boost the firm's...

Uranium One 'well positioned' even if low prices persist – Nortier

TSX- and JSE-listed Uranium One considers itself “well positioned to weather a prolonged period of depressed uranium prices”, president and CEO Jean Nortier said on Friday.

Dominion Reefs uranium project, Klerksdorp, North West province, South Africa

The Dominion Reefs uranium project is a brownfield development project consisting of the Dominion and Rietkuil sections, which include two former uranium- and gold-mining operations.

Uranium One starts retrenching 1 013 Dominion workers – union

Uranium One has started retrenching about 1 013 of its 1 175 employees employed at the Dominion mine, in South Africa, trade union Solidarity said on Tuesday. Solidarity received an Article 189 notice from the Toronto-based uranium producer...