Uranium-rich South Africa good environment for nuclear plants

South Africa’s vast reserves of uranium and good investment environment support the establishment of new nuclear power plants throughout the country, states a report by global business intelligence provider GlobalData, called ‘South Africa...

Gas Hills uranium project, US

The Gas Hills uranium district in Wyoming is the second-largest uranium-producing region in the US.

Denison raises C$65m as uranium jitters spook investors

Uranium-miner Denison on Tuesday announced it had successfully raised C$65-million in a bought deal financing. It is the second uranium company to have closed a financing just as concerns over the Japanese nuclear crisis obliterated billions off...

Rio/Extract 'partnership' seen more likely than takeover

Though Rio Tinto is rolling in cash, it won’t likely make a bid for uranium junior Extract Resources, Haywood securities analyst Geordie Mark said on Friday. Earlier this week, Extract announced it was in talks with the mining giant to combine...

Cockatoo raises A$150,8m to buy Anglo coal assets

ASX-listed Cockatoo Coal on Wednesday reported that it would raise up to A$150,8-million to fund the acquisition of development and exploration assets from diversified miner Anglo American. Cockatoo said in a statement to shareholders that around...

Kepco invests $70m in Berkeley uranium project

ASX- and Aim-listed Berkeley Resources has signed a memorandum of understanding with the Korea Electric Power Corporation (Kepco) to finance and develop the Salamanca uranium project, in Spain. Kepco would invest around $70-million for a 35%...

Denison formalises Kepco offtake, investment deals

Canadian uranium miner Denison Mines has inked definitive agreements with Korea Electric Power Corporation (Kepco), which will invest C$75,4-million for a stake in the company and has agreed to buy at least 20% of the Denison's annual production...

Denison expects spot uranium will close in on long-term price this year

Canadian uranium producer Denison Mines expects that the spot price for uranium will narrow the gap with the long-term price for the nuclear fuel during 2009, president and COO Ron Hochstein said on Thursday. The spot price of uranium decreased...

Denison inks 5-yr uranium supply contract

Canadian uranium-miner Denison Mines has entered into a new long-term sales contract for uranium produced at the firm's US and Canadian operations, it announced on Monday. Denison will supply a total of one-million pounds of yellowcake to an...

Denison unveils plans for share sale, offtake pact with Korea Electric

Uranium producer Denison Mines has come up with a plan to shore up its balance sheet by raising C$94,9-million, including through the sale of a 19,9% stake in the company to Korea Electric Power Corporation (Kepco). Denison, which said last month...