Ranger uranium mine closure to cost over $200m more than expected

The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.

GHM estimates the project will employ about 500 people and contribute up to $550 million dollars in federal and provincial taxes, $210 million in British Columbia Mining Act tax, and $110 million in municipal taxes.

A Grand Canyon of supply deficit is opening up in the uranium markets, with 66 nuclear reactors under construction globally and more restarting in Japan.

With the markets in whiplash mode, Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management, believes volatility is going to stick around for a while, and we might see a correction double of what we've had so far.

Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.

The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.

World Nuclear Association report says declining secondary supply, Asian and Middle East reactor builds necessitate whole new mined uranium pipeline by 2025.

As Australian firm A-Cap Resources has applied for a mining licence for its flagship Letlhakane project.

Teck to expand its Fording River coal mine but with met coal global glut, the question now is whether the project will proceed as originally planned.