Cantor analyst: ‘This is the best uranium PEA we have ever seen’

Company acknowledges the short-term outlook is bad.

Net profits from progressing economies-based miners reached $24 billion in 2013, compared to a net loss of $4 billion for developed market firms.

Siemens and partner Mitsubishi Heavy Industries came up short.

Commodities from coal to gold once traded in close correlation, but today the graph looks helter-skelter.

This is not the first time Rio Tinto axes jobs at this mine. In 2013, it sacked 276 workers, following losses on reduced demand for the metal.

Report claims officials did not have legal authority to transfer millions of dollars worth of uranium resources to the only local company that uses American-developed technology to enrich the commodity.

Brent Cook from Exploration Insights chats with Cambridge House Live anchor Vanessa Collette about the state of the junior mining sector.

The ongoing investigation focuses on the controversial $2.5billion acquisition of Canadian rival UraMin in 2007.

Officially putting to bed a nearly six-year-old lawsuit.