Uranium developer Berkely Energia (LN:BKY) has brought in former Rio Tinto (LN:RIO) business development chief Nigel Jones as a director.
Jones is now head of private side capital markets at ICBC but will bring specific uranium experience to the board, with time spent at Rio negotiating deals for its uranium products.
Read full article on Mining Journal.
Emerging uranium producer, Berkeley Energia (ASX: BKY) announced on Tuesday that it had commenced the next phase of its exploration program focused on delivering additional deposits with similar characteristics to the Zona 7 deposit, which is located close to the surface and without a strong radiometric anomaly present.
After shares in emerging uranium producer, Berkeley Energia (ASX: BKY) doubled from circa 60 cents in mid-2016 to hit a high of $1.20 in late January, they have retraced significantly in recent months, hitting an intraday low of 65 cents in late April.
As indicated below, there has been a trailing off in the spot uranium price in the last few months after a sustained decline from circa US$35 per pound at the start of 2016 culminated in it bottoming out around the US$20 per pound mark in the last quarter of calendar year 2016.
The rebound to circa US$27 per pound in the first quarter of 2017 quickly fizzled out and the commodity is now trading in the vicinity of US$22 per pound.
Berkeley Energia’s Paul Atherley discusses uranium on the turn with Chris Cann of Mining Journal.
Berkeley Energia (BKY:AIM) commenced construction of its has $100m Salamanca project located in Western Spain and is aiming to be a clean energy supplier from the heart of the European Union (EU). Production will commence in 2018 and once in full production the mine will be one of the world’s top ten producers of uranium.
Berkeley Energia company profile reproduced with permission from SHARES Spotlight March 2017 issue www.sharesmagazine.co.uk
One of the defining economic themes since the EU referendum last June has been the sharp slump in the pound, by close to a fifth against the dollar and 10 per cent against the euro. However, the drop in the pound is just one facet of a global foreign exchange story that has at its heart a much more familiar theme: the strength of the dollar.
Consumers are increasingly conscientious in their shopping habits, but pay little heed to the provenance of their power. Take the source of that coffee in that cup in front of you. Where’s it from? Is it ‘fair’? Who supplied it? How much does it cost? Is it ‘green’ or ‘organic’? In contrast, energy, electricity and power aren’t regarded with such evident consideration and curiosity, although paying an expensive utility bill certainly provokes its fair share of worry and concern.
Nuclear appears to be back in vogue. Here at home, after a protracted debate, work is about to start on a new fleet of nuclear plants that could in the future provide as much as 35 per cent of the UK’s electricity.
Nuclear power is, for some, the black sheep of the low-carbon energy family. On the one hand you’ve got the ‘greens’: wind, solar and hydro. All of them are exceedingly clean, or at least, they seem so. As clean as a cool breeze, as a sunny day, as a rushing river. Then you’ve got nuclear. That cold-war harkening cousin of the low-carbon family.
Demand for electricity will almost double in the next 25 years, with a shift from coal and oil to renewables, gas and nuclear. Download full article – PDF
