| Uranium producer Cameco scraps production target | |
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Feb 7 (Reuters) - Cameco Corp, the world's third-largest uranium producer, on Friday scrapped its lofty production target for the radioactive metal due to excess global supply in an uncertain market. The Saskatoon, Saskatchewan-based company also reported an increase in fourth-quarter profit, but it fell short of Street expectations. Uranium prices have been weak since an earthquake and tsunami struck Japan in March 2011, crippling the Fukushima-Daiichi atomic power plant, and leading it to shut down nearly all of its reactors. Cameco said on Friday that challenges caused by the unclear pace at which Japan will re-start some of its reactors and by bloated global uranium supplies appear likely to persist for the near to medium term. In such a market, maintaining a fixed production target makes little sense, Cameco said, and it dropped its previous target of boosting supplies to 36 million pounds by 2018. "That uncertainty has lasted for longer than had been expected," said Chief Executive Tim Gitzel, in a statement. "Although we still have an extensive portfolio of assets from which we can increase our production, the market incentive must be there." Cameco, which owns the world's largest-producing uranium mine at McArthur River, Saskatchewan, forecast production of 23.8 to 24.3 million pounds of uranium in 2014, up modestly from 23.6 million pounds last year. |
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Paladin Energy Limited
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PRODUCTEUR |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Paladin Energy Ltd est une société développant des projet miniers d'or et de cuivre basée en Australie. Paladin Energy Ltd est productrice d'or, de cuivre, d'uranium au Malawi et en Namibie, en développement de projets d'uranium au Canada, et détient divers projets d'exploration en Australie. Ses principaux projets en production sont LANGER HEINRICH en Namibie et KAYELEKERA au Malawi, son principal projet en développement est MICHELIN au Canada et ses principaux projets en exploration sont ANGELA/PAMELA, OOBAGOOMA, SKAL, VALHALLA, BIGRLYI, MANYINGEE, MT LOFTY et SICCUS en Australie et JACQUES LAKE, NASH et RAINBOW LAKE au Canada. Paladin Energy Ltd est cotée au Canada, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,2 milliards AU$ (18,9 milliards US$, 16,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 20 mars 2020 à 0,04 AU$, et son plus haut niveau récent le 17 avril 2024 à 15,30 AU$. Paladin Energy Ltd possède 1 712 839 936 actions en circulation. |