Two new reports argue for a leap in uranium prices as China commits to 46% increase in nuclear capacity, Europe designates it "green" and inventory is hoovered up.
According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.
Value added brought by the mining sector grew by more than 21% in the first three months of the year — the largest increase since the fourth quarter of 2014.