The US currently ranks ninth in the world for known uranium resources with 207,000 tonnes of uranium, behind Australia, Kazakhstan, Canada, Russia, South Africa, Namibia, Brazil and Niger. Mining operations are currently undertaken by a few companies on a relatively small scale. However, exploration is being conducted by many companies
Cannabis legalization in Canada and upcoming FDA clinical testing results could make 2016 the ideal time for investing in cannabis.
Various types of potash are used by farmers to grow crops, but the two most common are SOP and MOP.
Oz Minerals has a copper-gold mining operation in South Australia, while PanAust is focused on copper, gold and silver in Southeast Asia.
Reuters reported that Nigeria’s Oando is planning to build a $350 million gas plant that focuses on integrating gas production with its supply business.
As quoted in the market news:
Bolaji Osunsanya, Managing Director of Oando Gas and Power said the plant, with a capacity to process 300 million standard cubit feet
The Vancouver Sun reported that natural gas drilling in BC’s northeast has dropped sharply in 2015, a trend that is expected to continue into 2016 according to a report by the Canadian Association of Oilwell Drilling Contractors.
Reuters reported that Russia’s Gazprom (MCX:GAZP) has agreed to buy all of the liquefied natural gas (LNG) from an export plant in Cameroon. The plant is expected to start operating in 2017.
World Nuclear News reported that a group led by Virginia Uranium has filed its second lawsuit challenging Virginia’s moratorium on uranium mining. The first lawsuit, which was filed earlier this year, is still ongoing.
World Nuclear News reported that the UK will invest $377 million (GBP250) over the next five years in what is being called an “ambitious” nuclear research and development program, according to the government’s Spending Review and Autumn Statement.
Mining Weekly reported that after receiving an investment proposal from Summit Private equity, Elemental Minerals is considering accelerating the construction of its Kola sylvenite project in the Democratic Republic of Congo.
Fortescue Metals (ASX:FMG) announced that it has accepted a debt tender to repay US$750 million of principle of the 2019 8.25 percent and 2022 6.875 percent senior unsecured notes.
As quoted in the press release:
The purchase of the Notes, which will settle on 30 November 2015, has resulted in the Company
Great Atlantic Resources (TSXV:GR) announced that it has received analyses from soil samples collected at its South Quarry tungsten project, which identified additional tungsten anomalies.
Mining Weekly reported that BC Iron (ASX:BCI) chairman Anthony Kiernan told shareholders that the company is considering venturing outside the iron ore space.
Fission Uranium (TSX:FCU) announced assay results from the final 17 angled holes of the 2015 summer exploration program at its PLS property. Thirteen holes were drilled on the R600W zone and four on the R780W zone.
W Resources (LSE:WRES) announced that it has received development approval for its La Parrilla mine in Spain.
World Nuclear News reported that Australia has finalized a nuclear cooperation agreement with the United Arab Emirates and will supply the Middle Eastern country with uranium for its nuclear power program.