Australian news, and some related international items

Demand for uranium just keeps falling

Uranium Producers Show Lackluster Growth. The Bedford Report Provides Equity Research on Cameco and Uranium Resources Market watch NEW YORK, NY, Aug 25, 2011 (MARKETWIRE via COMTEX)– The uranium market has slowed to a halt in recent weeks amid continued uncertainty surrounding the global nuclear energy industry. Meanwhile, uranium producers are posting lackluster results as demand for the radioactive material slows. The Bedford Report examines the outlook for companies in the Uranium Sector….

Last week Uranium Resources said its second-quarter net loss widened on higher expenses, building inventories and softer prices in the wake of the Japan nuclear crisis. The company cited higher expenses because of higher reclamation activities in Texas, costs associated with a feasibility study at its Church Rock, N.M., site and financing to collaterize financial obligations.

Earlier this month Cameco reported a 23 percent drop in quarterly profit as sales volumes fell, and it lowered its industry outlook in the wake of Japan’s nuclear disaster…

August 26, 2011 - Posted by | Uncategorized

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