Nuclear Mining and Milling

Uranium One To Raise Production, Cut Costs By Mining Dumps At Dominion
27 January 2007

MINING WEEKLY (SOUTH AFRICA)— Uranium-miner UraniumOne plans to increase production and reduce costs over the next three years at its Dominion, South Africa mining operation by recovering uranium and gold from mine dumps located on the property, according to a company statement UraniumOne released on 17 January 2007. The statement reported that these dump sites have indicated reserves of 1.2 million pounds of uranium and 55,000 ounces of gold. The company has additional prospecting applications pending for 16,815 hectares. After almost doubling in 2006, uranium prices are likely to continue a strong run, Mining Weekly suggested, adding that demand continues to outstrip supply and miners rush to bring new operations into production. Source: http://www.miningweekly.co.za/min/utilities/search/?show=100190

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-Tom