Huge Uranium News imo: Anyone have a list of all active producers and sympathy plays.
March 9, 2007 By James Finch
Ranger Uranium Mine Pit 3 Flooded World’s Third Largest Uranium Producer Underwater
A Loss of Up to 4 Million Pounds U3O8 in 2007?
U.S. and other utilities dependent upon newly mined uranium to power their nuclear reactors can add yet another supply headache to their plate. Energy Resources of Australia declared ‘force majeure’ on its uranium sales contracts to utilities the company supplies in North America, Europe and Asia.
TradeTech chief executive Gene Clark told StockInterview, “ERA or their customers or both will have to be in the market either buying or borrowing.” TradeTech roughly estimates that 2007 production – relying only on stockpiled ore at historically low, but acceptable head grades – could reach as low as 7.5 million pounds U3O8. According to Clark, “This could represent a loss in production of up to 4 million pounds of U3O8, compared to an average year for Ranger.” This amount represents about four percent of worldwide uranium production in 2006.