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New uranium mines stalling with low uranium prices

Uranium too low to incentivise new mines – Uranium One

Mining Weekly By: Liezel Hill

17th November 2009

 

 

TORONTO (miningweekly.com) – 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 18, 2009 - Posted by Christina Macpherson | 1, 2 WORLD, business and costs | antinuclear, nuclear, nuclear costs, uranium