KLEBERG COUNTY – A battle is brewing between Kleberg County leaders and a local uranium mining company that wants to expand to new areas. County officials claim the company still needs to clean up the older sites first.

The company mines uranium by pumping water into the ground, running it through uranium- filled rock, pumping it back to the surface, and finally extracting the uranium. The community out there is concerned about what’s left in the ground water after the company is done mining. Read more

NEW YORK, NY — Globex, Inc. (Other OTC:GLXI.PK – News), today announced that its operations team is on route to the Company’s uranium mining property in Northern Quebec, Canada. Upon arrival, the team will firstly set the guidelines and markers for Phase I of the drilling program and then proceed to finalize Globex’s second acquisition of uranium mining claims in Northern Quebec.

The staff has completed the analysis of historical reports and documentation pertaining to past exploratory activities in the immediate area surrounding Globex’s uranium mining property. Read more

TORONTO, ONTARIO — Purepoint Uranium Group Inc. (CDNX:PTU.V) is pleased to announce its agreement with UEM Inc. to form a joint venture in the ongoing exploration of UEM’s Hook Lake uranium project in the Athabasca Basin. The agreement permits Purepoint, as operator, to acquire up to 50% of this large project.

UEM Inc. is a company owned 50% by each of AREVA Resources Canada Inc. and Cameco Corporation, the world’s two largest uranium exploration, mining and milling companies. Read more

TORONTO, ONTARIO – Stephen G. Roman, Co-founder, President and Chief Executive Officer of Global Uranium (“Global” or the “Company”), a private Ontario corporation, is pleased to announce the signing of an exploration agreement with the Republic of Niger, the fourth largest uranium producing country in the world, regarding four uranium concessions in that country.

A three year exploration agreement was signed in Niamey, the Capital of Niger, on January 22, 2007 on the Tin-Negoran 1, 2, 3 and 4 concessions, totaling approximately 2000 km2. The concessions are located on the main uranium bearing trend that hosts numerous uranium deposits in central Niger, west of the Air mountains, near the town of Agadez. Read more

HONG KONG: Australia’s PepinNini Minerals Ltd. has sealed a deal with China’s state-owned Sinosteel Corp to develop the Crocker Well and Mt. Victoria uranium deposits in South Australia, the company said on Wednesday.

Sinosteel will pay the Australian explorer A$28.5 million (US$22.1 million) for a 60 percent stake in the project, subject to approval from the governments of both countries. The two had signed a memorandum of understanding in September. Read more

European stocks advanced for a fifth day, the longest stretch of gains this year, after E.ON AG won support in its 12-month battle to acquire Spain’s Endesa SA and BHP Billiton said it will buy back $10 billion of shares.

E.ON, Germany’s largest power company, climbed utility stocks to a record high. A measure of mining companies led gains in the Dow Jones Stoxx 600 Index as BHP Billiton shares rallied the most in eight months. Read more

CEDAR CITY – The semi trucks would roll by every 10 minutes, 24 hours a day, 365 days a year, hauling coal on a Heritage Highway in southern Utah. That vision is a nightmare for many of the people living along the two-lane highway.
“People come to my resort for peace and quiet,” said Lori Maximenko, who recently bought the Bryce-Zion Resort in Hatch. “We’re going to lose that with coal trucks going by around the clock.” Read more