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Uranium One announces net loss of 142.8 million in fourth quarter

Uranium One, the world’s largest publicly-traded uranium producer, reported on Tuesday a net loss of $142.8 million in the fourth quarter. In 2009 the company reported positive earnings of $179.8 million for the same period. The loss was attributable to a one-time charges. The company said that the carrying value of the Honeymoon Uranium Project was written down by $113.5  million due to the strengthening of the Australian dollar and increased capital expenditures.

Franconia Minerals Shareholders Approve Arrangement With Duluth Metals

Franconia shareholders have approved an agreement whereby Duluth will acquire all of the outstanding common shares of Franconia, and Franconia will become a wholly-owned subsidiary of Duluth. Franconia's assets are expected to be rolled into Twin Metals Minnesota LLC, a Duluth (60%) and Antofagasta plc (40%) joint venture.

Local lawmaker fights for 4-year degrees at CAC

Maricopa native and District 23 lawmaker Frank Pratt is fighting to allow Central Arizona College and Eastern Arizona College to offer four-year baccalaureate degrees in nursing, elementary and secondary education, business and mining technology.

“We have nearly 400,000 people in Pinal County and there is no way for them to get a four-year degree without venturing out of the county or logging onto a computer,” Pratt said.

To bring about the change at the two community colleges, Pratt has introduced HB 2277 in the Arizona Legislature. The bill would allow select four-year degrees at the two community colleges through the 2017-2018 fiscal year.