Energy

Mining Weekly reported that Canada’s New Democratic Party (NDP) views uranium as a “strategic asset” and would not look to reverse the governments decision to allow foreign ownership of a proposed mine.

Mining Weekly reported that Canada’s New Democratic Party (NDP) views uranium as a “strategic asset” and would not look to reverse the governments decision to allow foreign ownership of a proposed mine.
As quoted in the press release:

The uranium industry is unpopular in Quebec, the NDP’s stronghold heading into next month’s election. But it is a key part of the economy in Saskatchewan, where the party hopes to add support.
The governing Conservatives in June made an exception to the country’s longstanding policy requiring uranium mines to be majority-owned by Canadian companies, and approved an application by Australia’s Paladin Energy. If the left-wing NDP forms government after the October 19 election, it would not change that decision, Mulcair said during a Winnipeg campaign stop.
“The federal government has a responsibility to keep a very close eye on uranium production,” he said. “It’s a strategic asset, but the (Paladin decision) seems to have opened the possibility for better investment.”

Click here to read the full Mining Weekly report.

Featured

MARKETS

Markets
TSX20083.22-538.17
TSXV811.00-45.62
DOW33545.73-719.64
S&P 5004281.52-116.42
NASD13343.68-425.24
ASX7175.80-166.60

COMMODITIES

Commodities
Gold1833.74-0.45
Silver23.65-0.62
Copper4.41-0.11
Palladium2148.00+51.00
Platinum1018.00-12.00
Oil82.57-2.57
Heating Oil2.58-0.06
Natural Gas4.01+0.01

DOWNLOAD FREE REPORTS

×