Resources Watch

Harmony Gold sets a 1,7-million ounce target for 2011, Anooraq plans to double the profit from its Bokoni mine by 2011, and Russia's ARMZ targets the Uranium One rerating.

Uranium price keeps edging up

Spot uranium prices rose again this week, to the highest level since November last year, to trade at $46,50/lb. Haywood Securities analyst Geordie Mark said in a report published Friday that the fuel’s spot price would likely average at $65/lb...

Gold Fields in extreme makeover for 20% margin, Merafe/Xstrata building R1bn chrome fines plant, uranium price must rise for new output – ARMZ

JSE-listed gold major Gold Fields will be re-engineering its operations in order to achieve a minimum 20% margin after all operational and capital expenditure. Read on page 5 of this edition of Mining Weekly of Gold Fields CEO Nick Holland saying...

Russia's ARMZ targets Uranium One rerating

Uranium prices will need to gain by around 50% from current levels to make new mining projects economic, at least outside of low-cost Kazakhstan, Vadim Zhivov, the director-general of Russia's State-owned uranium miner told Mining Weekly Online on...

Khan's white knight launches formal offer, ARMZ backs off

China National Nuclear Corporation (CNNC) has launched its offer to buy TSX-listed uranium junior Khan Resources, the Canadian firm announced on Friday. CNNC is offering C$0,96 a share for Khan, which has recommended that shareholders accept the...

Khan to get offer from Russia's ARMZ, shares leap

Russian uranium miner Atomredmetzoloto JSC (ARMZ) will offer to buy Toronto-based Khan Resources, which owns a controlling stake in a uranium project in Mongolia. State-owned ARMZ is offering C$0,65 a share for Khan, which represents a 48%...

Uranium One gets Kazakh approval for Karatau acquisition

The Kazakh Ministry of Energy and Mineral Resources (MEMR) has approved TSX- and JSE-listed Uranium One’s acquisition of a 50% joint-venture (JV) interest in the Karatu uranium mine, from State-owned JSC Atomredmetzoloto (ARMZ). The company...