from KingWorldNews:
Barron: “The big news this week and for the last couple of weeks has been the uranium market. Some very, very critical things have happened that KWN readers should be aware of….
“First of all, the country of Niger, in Africa, which provides 7% of the world’s uranium, shut off all production in December. It has not been resumed. The company running these operations is AREVA, the French mining company.
The French government has really been holding a gun to the company’s heads, and they want them to pay massively high royalties that don’t make any sense, and would make the two mines they run unprofitable. So it’s a bit of a standoff and as a result it’s just shut down. So there has been no activity there whatsoever. Again, that’s 7% of the world’s uranium supply which is offline.
Keith Barron continues @ KingWorldNews.com
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Barron: “The big news this week and for the last couple of weeks has been the uranium market. Some very, very critical things have happened that KWN readers should be aware of….“First of all, the country of Niger, in Africa, which provides 7% of the world’s uranium, shut off all production in December. It has not been resumed. The company running these operations is AREVA, the French mining company.
The French government has really been holding a gun to the company’s heads, and they want them to pay massively high royalties that don’t make any sense, and would make the two mines they run unprofitable. So it’s a bit of a standoff and as a result it’s just shut down. So there has been no activity there whatsoever. Again, that’s 7% of the world’s uranium supply which is offline.
Keith Barron continues @ KingWorldNews.com
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