Australian uranium company Paladin mothballing uneconomic project in Labrador, Canada
Aurora Energy suspending uranium exploration in Labrador, CBC News Company cites low prices for decision to mothball Labrador operation Sep 01, 2015 Aurora Energy has announced it is suspending uranium exploration in Labrador and is blaming lower commodity prices for the decision.
Ches Andersen, Aurora’s vice-president of Labrador affairs, said since there’s no mining underway, the parent company will mothball the Labrador operation…..
Aurora is a member of the Paladin Energy Ltd. Group of Companies, based in Australia.
Lifting of moratorium
The issue of uranium mining in Labrador has been a divisive one.
The Nunatsiavut government narrowly passed a controversial bill to put a moratorium on exploration in place in April 2008. The decision to lift the moratorium was made unanimously late in 2011….http://www.cbc.ca/news/canada/newfoundland-labrador/aurora-energy-suspending-uranium-exploration-in-labrador-1.3209939
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