Uranium Pain

Mining Weekly reported on the recent activities in the uranium sector.

The market news is quoted as saying:

Operating issues, low uranium prices, the earthquake-hit Fukushima nuclear plant and negative market sentiment have combined to impact on the primary Canada-listed but South African-operated First Uranium. Taking it on the chin is First Uranium CEO Deon van der Mescht. Not that long ago, First Uranium was the subject of an internecine battle that saw an acrimonious change of management, and now a battle of a worse kind – one of survival.

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