Australian uranium company ERA closed its only mine, made big loss
Australia uranium miner ERA books steep 2012 loss http://www.marketwatch.com/story/australia-uranium-miner-era-books-steep-2012-loss-2013-01-31 By Ross Kelly SYDNEY--Energy Resource of Australia Ltd. said Thursday annual losses deepened to 218.8 million Australian dollars (US$227.4 million) due to weak uranium prices, a high Australian dollar and the cost of rehabilitating a recently-depleted mine bordering Kakadu National Park.
The company, which counts Rio Tinto Ltd. as its largest shareholder, said the net loss for the year to Dec.31 compared to a A$153.6 hole in 2011.
ERA stopped mining at its only producing pit, Ranger, in November and will process stockpiled ore while it decides whether to build a new underground mine there.
http://nuclear-news.net/2013/02/01/australian-uranium-company-era-closed-its-only-mine-made-big-loss/
http://uraniuminvestingnews.com/13611/areva-sales-drop-4-2-in-4th-quarter-as-uranium-mining-revenue-falls.html
Less than 25 New Companies to Mine Uranium by 2011
Odds favor the eventual disintegration of hundreds of uranium mining juniors over the next few years. More than 500 companies now claim to be exploring for uranium, developing one or more uranium projects or producing uranium.
As 2010 approaches, 90 percent of those companies will have changed their name and/or moved onto something new.
Investors are vulnerable to the subsequent stock rollbacks in those highly speculative issues, which could result in the entire loss of their investment.
After three years of research, we've watched the entire sector jump by twenty-fold from a few dozen uranium companies to the present number.
As many as four hundred companies were never really serious about becoming uranium producers. They were simply trying to 'raise money' and capitalize upon the hottest commodity sector.
Our intensive six-month research investigation found less than 25 of the new uranium companies likely to mine any uranium before 2011.
http://www.huliq.com/19454/less-than-25-new-companies-to-mine-uranium-by-2011
The company, which counts Rio Tinto Ltd. as its largest shareholder, said the net loss for the year to Dec.31 compared to a A$153.6 hole in 2011.
ERA stopped mining at its only producing pit, Ranger, in November and will process stockpiled ore while it decides whether to build a new underground mine there.
http://nuclear-news.net/2013/02/01/australian-uranium-company-era-closed-its-only-mine-made-big-loss/
Areva Sales Drop 4.2% in 4th Quarter, as Uranium Mining Revenue Falls2
Bloomberg reported that Areva SA’s sales for the fourth quarter declined 4.2% compared to the year before to 2.8B euros.http://uraniuminvestingnews.com/13611/areva-sales-drop-4-2-in-4th-quarter-as-uranium-mining-revenue-falls.html
Less than 25 New Companies to Mine Uranium by 2011
By JamesFinch on 2007-04-23
Nearly 500 companies are posing as 'uranium mining companies' worldwide. Hundreds of those publicly traded uranium companies will never mine a single pound of uranium. Along with the crash-and-burn of those companies, many investors could lose all or a large part of their speculative investment. How can one really find out which companies have an honest shot at becoming uranium miners?
Odds favor the eventual disintegration of hundreds of uranium mining juniors over the next few years. More than 500 companies now claim to be exploring for uranium, developing one or more uranium projects or producing uranium.
As 2010 approaches, 90 percent of those companies will have changed their name and/or moved onto something new.
Investors are vulnerable to the subsequent stock rollbacks in those highly speculative issues, which could result in the entire loss of their investment.
After three years of research, we've watched the entire sector jump by twenty-fold from a few dozen uranium companies to the present number.
As many as four hundred companies were never really serious about becoming uranium producers. They were simply trying to 'raise money' and capitalize upon the hottest commodity sector.
Our intensive six-month research investigation found less than 25 of the new uranium companies likely to mine any uranium before 2011.
http://www.huliq.com/19454/less-than-25-new-companies-to-mine-uranium-by-2011
