Lehman Makes Big Uranium Sale

Published on Friday July 20 2012 (AEST)

Just how significant is this sale? 

To put it in perspective, Mr. Chang noted that the amount represents 12% of the uranium produced 

within the U.S. in 2010. 

Lehman Brothers has become a mere skeleton of what it once was as the fourth-largest U.S. investment bank. The company has somewhere around 400 employees who are charged with the task of unwinding derivatives trades and selling illiquid assets such as high-end real estate.

 The goal, of course, is to settle with creditors who have asserted more than US$300-billion in claims. It’s first payment of US$22.5-billion was made in mid-April.

 Among the items recently liquidated was 450,000 pounds of yellowcake uranium, which was acquired as part of a commodities contract. It was sold at prices ranging from US$51 to US$65 per pound, according to Versant Partners analyst Rob Chang. 

Uranium prices fell US60¢ to US$50.15 in the week ending Monday, July 16, 2012, according to Ux Consulting. 

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Australian Uranium Market Outlook For 2012

Published on Friday July 06 2012 (AEST)  
Welcome to the Biggest Investment Opportunity Of A Lifetime

Australian Uranium Market Outlook

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NUCLEAR ENERGY REPORT - 2012 OECD

Published on Saturday June 16 2012 (AEST) .

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Katter's Party Wants Queensland Opened To Uranium Mining

Published on Tuesday June 19 2012 (AEST)

Katter's Australian Party (KAP) has urged the Queensland government to open up the state to uranium mining. 

The previous Labor government had a ban on uranium mining and new Liberal National Party Premier Campbell Newman pledged just last week to uphold it. 

His promise came with Federal Resources Minister Martin Ferguson calling for the prohibition to be lifted but now Queensland KAP leader Rob Katter has joined the debate, saying the state is missing a multi-billion dollar opportunity. 

 Mr Katter says Queensland has over 50,000 tonnes of uranium reserves, worth $20 billion. He says it's sitting there, being wasted while other states are taking advantage of the massive growth in global demand for nuclear power. 

"It will create jobs and bring in a new royalty revenue stream which the government desperately needs to pay down debt," Mr Katter told parliament. 

"The only reason these reserves are off limits is Labor's decision to put Green preferences before the good of Queensland." 

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