The Kingdom of Jordan is going to become a uranium producer by 2013 in spite of all the controversy regarding the nuclear program in the country. A feasibility study for a joint venture uranium mining project will be completed by the end of the year.
Mawson Resources announced that it received assays confirming high-grade uranium mineralization at its Riutta project situated in east Finland.
Rockgate Capital has found fresh high-grade silver and uranium area at the North zone’s southwest boundary.
Guinea signed a new 106 page updated mining code into law last week. Mines Minister Mohamed Lamine Fofana said that it would root out unconscionable provisions and tone down Chinese investment in the nation.
Paladin Energy has withdrawn $127.2 million from the project finance facility for its Langer Heinrich uranium mine. The project is said to be the fifth biggest uranium mine in the world based on output.
Is the mining industry really the big boon for the Australian economy that it is made out to be? A new report from The Australia Institute questions this. The author of the report and economist Richard Dennis said that the political clout of the mining industry was way out of proportion with its economic reality.
Pancontinental Uranium (Pancon) and Crossland Uranium Mines (Crossland) have begun a drill campaign, including 100 RAB holes, at the Buchanan Window prospect that is located in the Chilling project, Australia.
Researchers have come up with a new way to remove uranium from contaminated groundwater which should come as a major boost to the mining industry. Much of the opposition to uranium mining is based on the environmental damage done to ground water in the region.
German utility company RWE AG is hoping to off-load its share in the uranium enrichment company Urenco. It owns the company jointly with E.ON AG and the UK and Dutch governments. The UK and Dutch governments both own one third of the company Urenco and RWE and E.ON own the remaining.
A new report that was commissioned by the Minerals Council of Australia says that miners will pay close to $23.4 billion in tax to federal and state governments in 2010-11 financial year. Deloitte Access Economics said in the report that the mining industry has paid an average tax of 41.5% from the financial years between 2007-8 to 2009-10.
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