This post was originally published on this site.Stocks of uranium companies are falling despite the strongest long-term fuel prices in more than 18 years, as investors weigh an expected tightening of supply against rising costs and the difficulty of bringing new projects into production. The VettaFi Global Uranium Mining Index, a benchmark tracking uranium mining shares worldwide, dropped 16% in September and the Nasdaq Sprott Junior Uranium Miners Index lost 22%, while spot uranium prices barely moved. Financial-market pressures appear to be overwhelming an improving fuel-market outlook, Sprott market strategist Paul Wong wrote in an Oct. 28 analysis. “Even if...

This post was originally published on this site.Former Anglo American (LON: AAL) CEO Mark Cutifani has warned that mining companies risk being acquired by outsiders unless they accelerate innovation to overcome deepening deposits, lengthy permitting delays and dwindling resource replacement. Speaking at the International Mining and Resources Conference in Sydney this week, Cutifani said mines are getting an average of 40 metres deeper each year, while permitting new projects can take up to 20 years. He argued that the industry is failing to develop the technologies needed to address increasingly complex mining conditions. “So, we aren’t able to replace the...