Mining

Copper and Nickel Production Struck by Covid and Regional Unrest

Copper and nickel production are lower-than-expected reported australian international mining titan BHP. The drop has been blamed on the absence due to Covid-19 and social unrest throughout Chile, leading copper and nickel production to drop by 10% and 13%, respectively. Significant episodes of Covid-19 suppressed production in Chile, worsened by roadblocks and social discontent at its...

UEC Acquires Rosatom’s Uranium One Properties, Making the Biggest Uranium Miner in the U.S.

Uranium Energy (NYSE-AM: UEC) has agreed to purchase all of Uranium One Americas Inc.'s (U1A) outstanding shares for a total purchase cost of US$ 112 million, which includes cash and the substitution of US$ 19 million in reclamation debt.The fourth-largest uranium producer in the world, U1A is a division of Uranium One Inc., a...