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Thursday, November 27, 2014

Export Development Fund secures US$150m credit line - BNL Times

Export Development Fund secures US$150m credit line - BNL Times: "The Export Development Fund (EDF) has secured a US$150 million line of credit from Afrexim Bank, a Pan African trade and investment financing institution to finance export ventures in the country, officials at the institution have confirme"



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Abu Dhabi Fund rebuffs Malawi - BNL Times

Abu Dhabi Fund rebuffs Malawi - BNL Times: "The Abu Dhabi Fund for Development has snubbed the Malawi Government on implementing other development projects in the country until the government completes the Jenda – Edingeni road project in Mzimba"



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Abu Dhabi Fund rebuffs Malawi - BNL Times

Abu Dhabi Fund rebuffs Malawi - BNL Times: "The Abu Dhabi Fund for Development has snubbed the Malawi Government on implementing other development projects in the country until the government completes the Jenda – Edingeni road project in Mzimba"



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Monday, November 24, 2014

Paladin banks on higher prices - The West Australian

Paladin banks on higher prices - The West Australian: "UPDATE 1.40pm: Paladin Energy is banking on a continued upswing in the price of uranium from its eight-year low of $US28 a pound earlier this year.

The uranium producer's chairman Rick Crabb told long-suffering shareholders at the company's annual general meeting today the recent upswing in the uranium price to $US43 a pound had provided some welcome relie"



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Paladin banks on higher prices - The West Australian

Paladin banks on higher prices - The West Australian: "UPDATE 1.40pm: Paladin Energy is banking on a continued upswing in the price of uranium from its eight-year low of $US28 a pound earlier this year.

The uranium producer's chairman Rick Crabb told long-suffering shareholders at the company's annual general meeting today the recent upswing in the uranium price to $US43 a pound had provided some welcome relie"



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Chinese private equity buys Paladin stake | dailytelegraph.com.au

Chinese private equity buys Paladin stake | dailytelegraph.com.au: "A CHINESE private equity firm is buying a 15 per cent stake in Paladin Energy as part of a $205 million capital raising by the Australian uranium miner.

HOPU will spend $61 million on its stake in Paladin as the Perth-based miner undertakes a capital raising to help shore up its balance sheet"



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Saturday, November 22, 2014

Mkango Resources climbs on prefeasibility study

Mkango Resources climbs on prefeasibility study: "It’s a little unusual for a Canadian junior to skip a preliminary economic assessment and proceed to the prefeasibility stage, but that strategy seems to have worked for Calgary-based Mkango Resources (TSXV: MKA), judging by the share-price appreciation it enjoyed after releasing prefeasibility numbers for its rare earth element (REE) project in southern Malawi."



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Friday, November 21, 2014

Government suspends oil exploration - BNL Times

Government suspends oil exploration - BNL Times: "Government has asked all companies involved in oil and gas exploration in the country to cease their operations with immediate effect to give way to a review process currently underway.

A press release issued by the Ministry of Natural Resources, Energy and Mining says government is reviewing all licenses previous governments gave to companies to explore oil in the country to determine the manner in which the licenses were given and the procedures that were followed."



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uranium prices pushing towards 50

1 Month Uranium Prices and Price Chart: "

1 Month Uranium Price Chart - Uranium Price Per Pound
"



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Thursday, November 13, 2014

Uranium prices over US$40

1 Month Uranium Prices and Price Chart: "

1 Month Uranium Price Chart - Uranium Price Per Pound
"



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allAfrica.com: Zimbabwe: Seed Co Invests U.S$25 Million in External Markets

allAfrica.com: Zimbabwe: Seed Co Invests U.S$25 Million in External Markets: "SEED Co has invested more than $25 million in external markets in the last three years, with close to half the capital spent in Malawi on a seed processing plant with capacity to produce about 60 000 metric tonnes per annum at 160 tonnes a day"



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Tuesday, November 11, 2014

Uranium Spot Prices Could Rise Above $50/lb in 12 Months, Says H.C. Wainwright (URZ) (UEC) (URG)

Uranium Spot Prices Could Rise Above $50/lb in 12 Months, Says H.C. Wainwright (URZ) (UEC) (URG): "H.C. Wainwright analyst Jeffrey Wright thinks uranium spot prices could rise above $50 per lb in the next twelve months. The reported noted a positive decision regarding the restart of two Japanese nuclear reactors, which could alleviate psychological pressures on the uranium market"



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Friday, November 7, 2014

Seed co completes US$10m factory project - BNL Times

Seed co completes US$10m factory project - BNL Times: "Hybrid seed producer, Seed Co Malawi has completed construction of a US$10 million new factory in Lilongwe to be officially launched next week.

Seed Co Managing Director Dellings Phiri said the new factory is a mile stone for the company after clocking 14 years in the country."



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