Iran is continuing to defy UN demands that it suspend uranium enrichment, the UN atomic watchdog said on Monday.
“Contrary to the decisions of the (UN) Security Council, Iran has not suspended its enrichment related activities,” the International Atomic Energy Agency wrote in its latest report on Tehran’s disputed nuclear drive.
In all, Iran was operating about [...]

A Saskatchewan mineral exploration company and Japan’s government-owned natural resource corporation are teaming up to look for uranium in the Athabasca River basin.
Under the terms of an agreement signed Friday, Japan Oil, Gas and Metals National Corp. will invest $9 million in exploration projects managed by Saskatoon-based Titan Uranium Inc. (TSXV:TUE) over the next three [...]

India believes it will only be a matter of time before the Australian government supplies it with uranium.
The Labour Party government in Australia has decided against selling yellowcake to India.
Even though the previous Australian administration was in favour of supplying uranium to India, the new government has banned sales because New Delhi is not a [...]

French energy group Suez said on Friday that it had ended talks with British Energy about buying the partly-privatised group, adding that its priority was merging with state gas group GDF.
“As previously indicated, the completion of the merger with Gaz de France remains Suez’s key priority,” said a statement released to the London Stock Exchange.
“Accordingly, [...]

Platts, one of the world’s foremost providers of energy and metals information, today announced it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar).
“We’re pleased we can answer the steel industry’s call for a reliable source of timely, [...]

Ogala Sioux got a lift from the U.S. Nuclear Regulatory Commission who ruled in late April that the tribe had legitimate concerns about groundwater contamination from a uranium mine, reports Indian Country Today. The mine owners, Cameco Corp. of Canada wants to expand the mine. The tribe believes that fractures in rock allow water used [...]

OJSC Priargun Mining and Chemicals Association, Russia’s biggest uranium mining enterprise, saw its net profit plummet 71.4% year-on-year in the first quarter of 2008 to 20.02 million rubles. Priargun, located in the Chita region, said in a financial statement that sales revenue rose 15.3% to 1.671 billion rubles and that costs rose more than 17% [...]

A uranium shortage has India’s nuclear plants running below capacity.
The government admitted the shortage along with declining profits only last week, the Times of India reported.
“Currently, there is a mismatch in the demand and supply of indigenous uranium. As a result, this capacity is being operated at lower power level, matching fuel supply,” a government [...]

Brazil’s government is considering ending a state monopoly on uranium mining, Dilma Rousseff, the chief of staff of President Luiz Inacio Lula da Silva is quoted as saying in the O Globo newspaper Thursday.
Private companies have already shown interest to explore Brazilian uranium deposits, among the mining giant Cia. Vale do Rio Doce (RIO), or [...]

Crude oil futures leaped to a new all-time high above $120 a barrel as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
Light, sweet crude for June delivery jumped to a new trading record of [...]