Volcanic Eruption No Issue for Nuclear Restart in Japan

Volcanic Eruption No Issue for Nuclear Restart in Japan

A volcanic eruption in Japan has once again fueled concerns over Japan's nuclear restarts. However, the government is adamant that Japan needs nuclear power, and that the risks are minimal.

Court Ruling Hits Indian Coal Market

India has finally followed through on its threat to cancel coal mine permits, with 98 percent of permits given to companies in the last 20 years officially cancelled.

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Company News

Fission Uranium Widens Zone R780E With Latest Results

Fission Uranium (TSXV:FCU) announced further results for seven angled drill holes at its Patterson Lake South property. All seven holes intersected wide intervals of mineralization, and six returned intervals of greater than 10,000 cps radioactivity.

Alpha Exploration Increases Private Placement

Alpha Exploration Increases Private Placement

Alpha Exploration (TSXV:AEX) announced it is increasing the previously announced non-brokered private placement of flow-through units to 4,555,555 units for gross proceeds of $820,000. The offer is expected to close by October 10, 2014.

Adani Wins Approval for $1.94 Billion Carmichael Rail Line

The Economic Times reported that India's Adani Mining (NSE:ADANIENT) has won approval to built a $1.94 billion rail line for its Carmichael coal mine project in Queensland. The company is calling it a "significant milestone" for the project.

Indonesia’s Medco Looking to Increase Coal Production

According to Coalguru.com, the Jakarta Post reported that PT Medco Energi InternaSional (FWB:MEF) intends to increase its coal production next year. The company is planning to launch is Duta Tambang Sumber Alam (DTSA) mine.

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Company Videos

Dr. Keith Barron Interviewed on Palisade Radio: The Uranium Bottom is In Right Now

Last week, experienced exploration geologist Dr. Keith Barron was interviewed on Palisade Radio regarding his perspective on the uranium sector. Barron says he believes "the bottom is in right now" for the metal, and that "we will see a very quick double in the spot price for uranium," once Japan's reactors are turned back on.

Northern Uranium Corp. CEO Chad Ulansky (TSX-V:UNO)

Northern Uranium Corp. (TSXV:UNO) CEO Chad Ulansky spoke to Resource Investing News about the company’s Northwest Manitoba project which was recently optioned from CanAlaska Uranium Limited.

Market News

Indian Coal Imports to Rise by US$3 Billion

In the wake of massive coal license cancellations in India, CoalGuru reported that India's import bill for coal will increase by INR 18,000 crore, or about US$3 billion. Domestic coal supplies will also take a hit, as will the confidence of investors in the Indian economy.

Polish Blockade Against Russian Coal May End

Though polish miners have been blocking a railway for trains carrying Russian coal across the border, RT News reported that the workers may end their blockade after reaching a deal with the government to better protect Poland's coal industry. Mining union leaders in Poland are calling for an embargo on Russian coal to protect domestic companies that are "losing hundreds of millions of euros."

Germany Increasing Coal Use Despite “Energiewende”

Despite its "Energiewende," or energy revolution, Mining.com reports that Germany has increased its overall coal usage and is heading towards failing to meet its emissions targets for 2022.

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