Mining energy snapshot: Eight juniors active in world’s uranium hotspots
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs.
Donald Blankenship, the former CEO of now-defunct Massey Energy, is now facing a $28-million fine in addition to a year in jail for his role in the Upper Big Branch mine blast.
EY notes that after the fifth consecutive year of declining deal volume and values, increasing levels of financial distress will trigger more divestments, spin-offs, joint ventures and possibly hostile takeover bids.
The Clean Energy and Coal Transition Act commits to eliminating the use of coal-fired power by 2035 and to double the amount of renewable energy by 2040.