Independent report calls for urgent inquiry into McArthur River Mines risk

As long as subsidies stay intact

Gold One International (ASX:GDO) is lifting the operational suspension imposed on its Ezulwini Cooke 4 shaft last month and will offer employment to workers who were dismissed for participating in strikes during October.

Shares of nickel producer Talvivaara (LON:TALV) dropped down over 10% on Friday over reports the firm had failed to solve a waste water leak at a nickel and zinc mine in eastern Finland, where nuclear safety officials confirmed to have radioactive uranium levels 50 times higher or more than normal volumes.

The chairwoman of the Broken Hill Aboriginal Land Council has declared that she is open to possibility of uranium mining in the region.

Uranium miner Paladin Energy (TSX:PDN)(ASX:PDN) is targeting up to $80 million in cost reductions over the next two years and putting a freeze on development as the price for uranium spot has weakened.

The total value of overseas mergers and acquisitions pursued by Middle Kingdom's mining and metals players has surged this year according to sector experts from Ernst & Young Global.

The $1.88 billion miner lost $62 million during the quarter as uranium prices continue to drift lower.

After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.

Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.