Jump to navigation

Vol 47 No 23

Published 17th November 2006

Digging a black hole

As the oil price soars, nuclear power is back in fashion and the uranium to fuel it booms, the speculators get to work

The quoted price for uranium was recently just US$8 per pound. Now it is above US$60. David Miller, a geologist and market analyst, reckons that could double until new uranium projects start production. The race is on to open mines in Africa, with final approval awaited for four or five in Namibia and a large one in Malawi. Other schemes are mooted in South Africa, Niger and Congo-Kinshasa.

End of preview - This article contains approximately 993 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.