Uranium miners rise after Trump panel urges US buy domestic

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.

"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).

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

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

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

They are definitely making more than those working in forestry, manufacturing, finance and construction.

The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.