VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property

Industries Inc. has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR’s project area. Radiometric mapping of VIPR’s newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies... 

Tag: uranium in tanzania for power generation, shanta mining vipr, vipr singida, vipr itigi, vipr industries

Cameco Says Net Falls, Forecasts Uranium Sales Gain

Cameco Corp., the world’s largest uranium producer, said first-quarter profit fell 47 percent from a year earlier, when utilities stocked up on the metal. Cameco forecast higher sales in the second quarter. Net income fell to C$59 million ($53 million), or 16 cents a share, from C$112 million, or 30 cents, a year earlier, Saskatoon, Saskatchewan-based Cameco said in a statement. Sales fell 25... 

Sxr Uranium One looks for ‘further consolidation,’ U.S. mine expansion

Sxr Uranium One Inc. (TSX:SXR) is looking to scoop up more of its rivals as part of an aggressive plan to produce 19.4 million pounds of uranium annually by 2012, says CEO Neal Froneman. “We’re now well positioned to do further consolidation,” Froneman told an international mining conference Wednesday. “I’d like to assure you, this is not the end-game.” Froneman... 

Oil prices hover above $59 a barrel

Oil prices slipped but remained above $59 a barrel Thursday ahead of a U.S. government report that is expected to show crude oil inventories rose last week. Traders were also watching developments in the Middle East, with the stage being set for a fresh showdown between Iran and Western powers over the nation’s nuclear program. Light, sweet crude for April delivery on the New York Mercantile... 

Merrill Raises Uranium Price Forecast on Mine Delays

Merrill Lynch & Co. raised its 2008 uranium price forecast by 78 percent, citing delays in new mine output and increased demand for the fuel from nuclear reactors being built in China and India. Uranium for immediate delivery may average $75 a pound in 2007 and $80 in 2008, Merrill said in a Dec. 8 report. Uranium has averaged $46.58 a pound this year, according to U.K.-based industry publisher... 

Cameco anticipates boom in uranium demand from China

Cameco Corp. says it is laying the groundwork for an expected boom in uranium demand from China, as the Chinese and Canadian governments pursue talks that would facilitate Canadian exports to the nuclear weapons state. But Canada is lagging Australia, its main competitor in the uranium exporting business, which signed a deal earlier this year with its Asian neighbour that will allow for exports and... 

Tag: china uranium demand, uranium demand, amec cameco, cameco lyle krahn, canadian uranium companies for china investment

Canadian Stocks May Fail to Extend October Rally as Oil Drops

Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices. Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates. The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial metals and a... 

Mercator Selects Contractor and Engineer for Mineral Park Copper-Moly Mine Mill Expansion

Mercator Minerals Ltd. (ML-TSX) today announced the selection of a contractor and engineer for the construction and expansion of the Mineral Park Copper-Moly mine. Mercator has selected the contractor, Schmueser & Associates, Inc. of Rifle, Colorado (“Schmueser”) to be the prime constructor for the plus $100 million construction project. Schmueser will provide general contracting services... 

Tag: mineral park mecator, mineral park concentrator, mercator expansion project mineral park, mineral park mine expansion contractor, contractor for molybdenum plant