TORO Energy and Cameco have passed major milestones in the past week in their planned development of new uranium mines in Western Australia, as Prime Minister Julia Gillard talked up the prospect o
Nuclear energy has been under a cloud since the Fukushima reactor disaster in Japan last year, uranium prices have remained well off their highs and public confidence in nuclear power is weak but u
Western Australia's pipeline of significant non-iron ore projects is showing signs of a quick slowdown as construction of major projects is due to be completed by the end of next year.
Canadian uranium giant Cameco has expanded its presence in Western Australia, signing a joint venture deal with Uranium Equities (UEQ) over a project located near the sizeable Kintyre uranium deposit.
As part of efforts to ramp up exploration work at its Kintyre uranium project in Western Australia, Canadian miner Cameco has opened a Perth office and appointed Ron Matthews as managing director.
Rio Tinto Ltd will sell its Kintyre uranium project in Western Australia to a joint venture consortium for $US495 million ($A520 million), as it moves closer to completing its $US10 billion ($A10.5 billion) asset sales target for this year.
