Production falloff could lead to a uranium market rebound
Many investors, including nuclear power utilities, are looking a few years out at what might happen to the price of uranium once a large number of long-term contracts are signed.
Peabody’s concessions came in response to a probe that found the company had not been forthright with investors and regulators about threats to its business.
The new government is considering to stop production at several of its mines until at least 2018 in an effort to help prices by reducing a global oversupply.
Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.