Cameco shares tumble after bigger than expected 2Q loss

In what is considered a major milestone in the Indian nuclear program, the Uranium Corporation of India Ltd (UCIL) commissioned last week a new uranium mine, which may host one of the most significant reserves of the yellow material in the world.

The Opposition New Democratic Party is alleging the Liberal government of BC overpaid Boss Energy to abandon plans for a uranium mine near the Interior city of Kelowna.

Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects.”

"What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially in fast growing economies led by China and India."

Niger's uranium workers have downed tools over a dispute with Areva, the French nuclear power giant that owns the Imouraren mine.

TSX- and JSE-listed First Uranium (TSX:FIU) (JSE:FUM) announced it will stick with an earlier announced deal to sell the Ezulwini gold and uranium operation to Chinese-owned Gold One, with shareholders due to decide on June 13.

World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.

Areva's Kiggavik mine in Nunavut, northern Canada, could be open as early as 2017, CBC News is reporting.

After steady gains throughout the morning Cameco Corp. was trading up 6% by lunchtime on Friday, after reports yesterday that its Kazakh join venture is planning to up output by a third. Gains for the year now top 20%.