Sable raises £27m to invest in African coal, uranium assets

Aim-listed resources investment company Sable Mining Africa has conditionally raised £27-million through the placement of 270-million new ordinary shares. Sable said in a statement on Thursday that the funds raised would be used for its...

Ron Hochstein named new Denison CEO

Canadian uranium producer Denison Mines has named COO Ron Hochstein as president and CEO, and Dr James Gill as chairperson of the board, it announced on Wednesday. Denison has uranium mining assets in the US and Canada, as well as exploration...

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 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...

Denison CEO Farmer to step down end-April

Toronto-based uranium miner Denison Mines has begun searching for a new CEO, after incumbent Peter Farmer announced he will step down at the firm's annual shareholders' meeting, scheduled for April 30. Farmer “has indicated that it is time for...