As Prices Soar, Uranium Initiatives Rise

Source:

Another sign of the times in gold and uranium mines is allowing either the energy metal or the precious metal to dominate, depending on their prices.

Uranium initiatives continue to burst out in many parts of the mining world as the price of the energy mineral soars from $7/lb a few years ago to more than $120/lb today. Read on page 15 of the print edition of Mining Weekly of a new $30-million study – so many companies in South Africa talk dollars rather than rands these days – to treble uranium production at the old Randfontein north shaft, now Ezulwini. Another sign of the times in gold and uranium mines is allowing either the energy metal or the precious metal to dominate, depending on their prices. More uranium action is also planned at Buffelsfontein, which has 50 years of gold and uranium tailings on surface. The twinning of the two is sweetening the yield, conjuring up memories of the days of ‘gold and uranium divisions’ of big mining houses.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe