Uranium company Paladin Energy Ltd (TSX:PDN)(ASX:PDN) announced it named Alan Rule as its new Chief Financial Officer effective July 23, 2012. He would be replacing the current CFO, Garry Korte, who is joining Roy Hill Holdings, owned by billionaire mining magnate Gina Rinehart.
Long term uranium market fundamentals remain strong, despite worries over what Japan will do with 53 of its 54 nuclear reactors, which are currently rest shut down for maintenance or safety reviews, says Australian research group, Resource Capital Research (RCR).
Harmony Gold Mining (NYSE:HMY) traded today at a new 52-week low of $10.58. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.
"They need to clearly indicate to the market what their strategy around Olympic Dam is, around shale gas, all of these things, to return confidence that they're not spending huge amounts of capex for very low returns."
AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.