Uranium Demand Will Double by 2030, World Nuclear Association Forecasts

(Bloomberg) -- Uranium demand will more than double
by 2030, with use of the nuclear fuel spreading to Malaysia,
Indonesia and Vietnam, said a group representing companies
including BHP Billiton Plc, Cameco Corp. and Duke Energy Corp.

Demand will climb to 160,000 metric tons by 2030, from
65,000 tons this year, Steve Kidd, director of strategy and
research of the World Nuclear Association, said at a Mining
Journal uranium conference in London today.


Read more at Bloomberg Commodities News

Algoma, Clearwater, First Uranium and SR Telecom: Canadian Equity Preview

(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.

The Standard & Poor's/TSX Composite Index on April 13 rose 78.97, or 0.6 percent, to a record 13,578.62 in Toronto.


Read more at Bloomberg Stocks News

Uranium miners mired in logjam despite price spike

(Reuters) - The sector is flush with cash but short on geologists, drill crews and regulatory staff -- the key ingredients to transform prospects to production.

"It's like when you drive on the highway and it gets crowded. It slows up because the slowest guy keeps it slower than you want it to be," said Denison Chief Executive Peter Farmer. "We're into a logjam right now."


Read more at Reuters.com Business News

Denison sweetens buyout bid for OmegaCorp

(Reuters) - Mid-tier Canadian uranium miner Denison Mines Corp. sweetened its buyout offer on Monday for the shares it doesn't already own in Australia's OmegaCorp Ltd. and said this was its "final offer".

The all-cash bid, which has already been approved by Omega's board, has been raised to A$1.15 per share from A$1.10. Denison currently holds about 31.5 percent of OmegaCorp's outstanding shares.


Read more at Reuters Africa

S.Africa and Russia in talks on uranium processing

Major producers South Africa and Russia are in talks about cooperating to process uranium for sale on the international market, South Africa's mining minister told Reuters on Tuesday.

Buyelwa Sonjica said Russia was actively courting South Africa and other countries to support the proposed establishment of international nuclear centres which would sell nuclear fuel.

Read more at Reuters South Africa

Truth and rumours

Recent woes at London-based hedge fund Red Kite - whether truth or rumour - have taken the shine off a number of commodities, but the market jostling may be concealing a secular change in fundamentals. If so, investors would need to closely examine the implications for innumerable listed metal and commodity stocks.

Commodities in general cruised into a protracted bull market early in 2002, in parallel with the dollar's entry into a longer-term bear market. For years, resources stocks have been the leaders on global equity markets, based on robust world economic growth, China's voracious demand for raw materials, and helpful supply-demand idiosyncrasies within each commodity market, ranging from crude oil to uranium.

Read more at MoneyWeb.co.za