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Desperate uranium miners switch to survival mode despite nuclear rebound

The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive. In the wake of the March 2011 Fukushima disaster, Japan closed its nuclear reactors, which …

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Desalination Plant a “good buy” – Areva

The government’s surprise announcement that it will build its own desalination plant has not dissuaded French uranium miner Areva that its Erongo Desalination Plant may in fact not be a good buy. This follows protracted negotiations between the two parties for the sale of the desalination plant. The Minister of …

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Brazil’s Vale agrees to new terms with Mitsui Mozambique coal assets

Vale has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. The sale of Vale’s …

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