Uranium Industry Could be Reshaped by Two Events

Source: Canada.com (4/23/07)

While Wellington West analyst Catherine Gignac noted that the spot price for uranium remained unchanged at US$113 per pound, two events could reshape the industry.

Metal prices continued to climb last week as merger and acquisition activity in the sector continued.

Gold ended the week at US$691.95 an ounce after gold price guru and economist Martin Murenbeeld said he expects bullion to average US$680 this year and will trade as high as US$800, while expecting gold to average US$765 in 2008, Wellington West analyst Catherine Gignac said in a research report.

While Ms. Gignac noted that the spot price for uranium remained unchanged at US$113 per pound, two events could reshape the industry. The first is the New York Mercantile Exchange’s partnership with Ux Consulting to offer uranium futures contracts, while the other is the Chinese Commission of Science Technology and Industry for National Defense announcement that it intends to create a strategic uranium reserve that will be achieved through domestic exploration and foreign investment.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."