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Low uranium price stops building of new plant

R3.5bn uranium project hit by price slump., Brendan Ryan , 22 Sep 2010 [] — CONSTRUCTION of the proposed R3.5bn Rand Uranium plant to be built near Randfontein could be delayed because of current low uranium prices
That’s according to Harmony CEO, Graham Briggs, who was replying to a question posed after his presentation to the Denver Gold Forum being held in Denver, Colorado. Harmony holds a 40% stake in the unlisted Rand Uranium into which it injected assets formerly belonging to the Cooke and Randfontein sections of the Randfontein mine including the high uranium grade Cooke tailings dump. Uranium prices have been depressed for the past 18 months….


September 24, 2010 - Posted by | business and costs, South Africa, Uranium | , , ,

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