Here's yet another sign on just how much of an impact Ablation...

Here's yet another sign on just how much of an impact Ablation Uranium Recovery could have on the economics of Production within the World's struggling Uranium Producers


BLR / Ablation Tech LLC, just needs to prove this technology works on a Commercial scale, when this happens ( IMO: ) rest assured the fireworks will begin within BLR's share price :)








Pinenut Mine & White Mesa Mill in Blanding, Utah To Be Placed on standby !

The only two uranium mines operating in Arizona and an associated mill in southern Utah are set to cease operations temporarily as prices for the ore decline.

Energy Fuels Resources Inc. said uranium at its Arizona One Mine in the north part of the state will be depleted in early 2014, and the nearby Pinenut Mine and the White Mesa Mill in Blanding, Utah, will be placed on standby next year.

The move comes after the company stopped short of extracting uranium at another mine south of the Grand Canyon near Tusayan and as per-pound prices for uranium on the spot market dip to a five-year low, in the mid-$30s. The company plans to maintain the sites so that they can begin operating if the uranium market improves.

“Our main focus right now is to act prudently in the current weak price environment and also to deliver on our contract obligations to our customers,” Energy Fuels spokesman Curtis Moore said. “We just determined that we had sufficient uranium in inventory and the ability to get uranium through spot market purchases for the next couple of years without mining that product.”

The company’s mines lie in a nearly 1 million-acre area that was placed off-limits to new mining claims in January 2012. Companies with existing claims that were proven to have sufficient quantity and quality of mineral resources could be developed under a decision by the U.S. Interior Department.

Nyal Niemutch, chief of the economic geology branch of the Arizona Geological Survey, said Energy Fuels’ actions point to the boom-and-bust trend common in the commodities sector around the country.

American Bonanza Gold Corp. recently suspended operations at its Copperstone gold mine north of Quartzsite and said it would seek additional money for engineering and redesigning the underground mine to boost productivity. In September, Mercator Minerals Ltd. laid off some employees at the Mineral Mine Park near Kingman as it struggled with finances and declining prices for copper and molybdenum.

“Markets aren’t fully rational, and we’re in a period right now, not just in uranium, we’re seeing strong retreats of prices, we’re seeing costs go up and a lot of companies and mines are having difficulties,” Niemutch said.

Energy Fuels said it expects the spot price of uranium to increase as nuclear reactors in Japan come back online and demand rises for the fuel source.


http://azdailysun.com/news/local/company-stops-uranium-mining-in-northern-arizona/article_2458c06e-51fa-11e3-84f8-001a4bcf887a.html





Cheers from G64 :)