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Browsing: Uranium
- China signs deal to reopen closed uranium mining site in crisis-hit Niger.
- Niger further agrees to give Chinese Company an oil pipeline deal.
- China to build an industrial park for manufacturing, real estate, mining.
China has signed a deal with troubled West African nation of Niger for the reopening of a controversial uranium mining site. Before China, there was France, and now the question is, will Chinese leave Niger in a better condition than the Frenchmen?
China is actually looking to score a broad-based investment deal that will include the construction of an industrial park, and an oil pipeline among other investments. The industrial park is also to be the site for the development of the uranium mine in question or maybe a site for enrichment, the details of the deal are not yet clear.
Niger China uranium mining
Jiang Feng, the Chinese ambassador to Niger, made the revelations recently. …
Paladin is restarting its Langer Heinrich uranium mine in Namibia that was idled due to low prices. Australian uranium producers, including Paladin, have raised close to US$282.08 million in share sales this year to fund exploration and resuscitate mines.
The current primary uranium supply is unable to meet demand, and the deficit is being met by secondary supplies and inventory drawdowns, Paladin CEO Ian Purdy said at the Digger & Dealers Mining Forum in Kalgoorlie, Australia.
The average annual deficit is projected to be in the range of 40 million pounds over the coming decade, he told the forum.…
