Alba to acquire five vanadium, uranium properties in the US

In a further indication of the uranium slump, Cameco (NYSE:CCJ, TSX:CCO) is suspending production at its Rabbit Lake operation in northern Saskatchewan and curtailing production at its US operations.

A resource-dependent economy has its price, and in Canada's case, it means a poor report card for protecting the environment.

"It is not clear at this time that the current prices are either sustainable or sufficient".

It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).

Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Full voting results will be released on Friday.

While Queensland's miners axed 22,000 positions between 2013 and 2015, health and community services created new jobs for almost double that number.

Uranium price falls to lowest since May 2005 as bearishness overwhelms the sector.