nuclear-news

Low uranium prices, concerns about Uranium One merger

Uranium One shares in limbo ahead of merger – MarketWatch By Rebecca L. McClay,  24 June 2010, SAN FRANCISCO  — While Uranium One executives wade through the details of granting a Russian government-owned company a controlling stake, minority shareholders must decide whether to keep their stock or sell it…….analysts say investors have had serious concerns about the change of control, including political risk and Russian corporate governance. Uranium One  , one of Canada’s largest uranium mining companies, announced June 8 that ARMZ, a Russian company controlled by the state, will acquire a 51% stake in the Vancouver-based company………..
Uranium prices have fallen sharply in the past two years………

June 24, 2010 - Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, nuclear costs, nuclear secrecy, nuclear spin