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Uranium shares plunge due to Al-Qaida terrorism in Niger

on September 16, forces associated with al-Qa’ida kidnapped the seven people employed by French uranium company Areva and its contractor, Vinci, from the town of Arlit in Niger’s uranium mining region.Areva has subsequently evacuated expatriate personnel and France has dispatched anti-terrorism forces to the region……

NGM Resources shares fall as Paladin bid is threatened * Michael Bennet  The Australian * September 29, 2010 NGM Resources shares today plunged 43 per cent on the likelihood Paladin Energy’s takeover offer will fall through…….Paladin said its defeating condition included “there should be no outbreak of hostilities” and that after seven people were abducted in the Niger region in West Africa, where NGM holds tenements, the conditions “are no longer capable of being fulfilled”…..

on September 16, forces associated with al-Qa’ida kidnapped the seven people employed by French uranium company Areva and its contractor, Vinci, from the town of Arlit in Niger’s uranium mining region.

Areva has subsequently evacuated expatriate personnel and France has dispatched anti-terrorism forces to the region……

NGM Resources shares fall as Paladin bid is threatened | The Australian

September 29, 2010 - Posted by | business and costs, Niger | , ,

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