Antinuclear

Low uranium prices stopping new projects

Uranium too low to incentivise new mines  Mining Weekly By: Liezel Hill17th November 2009 TORONTO– Uranium prices still will need to firm significantly to justify the development of many of the mining projects being considered around the world, Jean Nortier, the CEO of Vancouver-based Uranium One, reiterated on Monday………
.……….”In many of the jurisdictions that we have looked at in some detail, such as Southern Africa, it is very apparent that much higher uranium prices are going to be required to provide the economic incentive needed to move many of the new projects currently being contemplated into the construction stage and ultimately to provide a return for investors,” he said.

November 19, 2009 - Posted by Christina Macpherson | 1, AUSTRALIA - NATIONAL, business, uranium | antinuclear, nuclear wastes, uranium