To help investors understand what is going on in the uranium market, Uranium Investing News spoke with Marin Katusa, Chief Energy Investment Strategist for Casey Research.
Articles Tagged "russia"
Here's a look at what lignite is, what it's used for and where it's mined.
Mining Weekly reported that Uranium One announced that the closing date of the C$1.32-billion offer by Russia’s Atomredmetzoloto (ARMZ) to privatize is scheduled for October 18. The company has secured all the required regulatory approvals.
Reuters reported that second-quarter coal production for Russia's Mechel OAO (MCX:MTLRP,NYSE:MTL) came in at 7 million tonnes, up 9 percent from the previous quarter.
The agreement to ship up to 900,000 barrels of Russian oil a day to China follows a huge acquisition by Rosneft, leading to fears that Russia is pursuing a policy of world energy domination.
Reuters reported that Mechel OAO (MCX:MTLR,NYSE:MTL), Russia's biggest producer of coal for the steel industry, has hired JPMorgan Chase & Co. (NYSE:JPM) to sell Mechel Bluestone, its United States business. The move is aimed at helping the company cut debts of over $9 billion.
As a primary source of electricity and energy around the world, coal is one of the most important fossil fuels.
Bloomberg reported that the slump in European coal prices — the longest in at least eight years — looks set to end on the back of falling imports from the United States and production cuts in Russia and Poland.
Mining Weekly reported that Uranium One, which is currently in the process of being privatized by its largest shareholder, ARMZ, reported a fourth quarter net loss of $68.8 million after writing down its Mantra Resources investment.
A brief overview of gas price developments, supply and demand and significant market movers.