Canadian Uranium One reports $29.2M second-quarter profit, Yes... They do have Uranium Mine in TZ

[nngu007]

HOT TOPICS:

• Retire Happy
• Stock Quotes

Topics News & Markets
By The Canadian Press | August 13, 2012

​

TORONTO - Uranium One Inc. (TSX:UUU) said Monday it second-quarter earnings were down slightly to $29.2 million as the price of uranium fell and revenue slipped compared with a year ago, but boosted by one-time gains.

The uranium miner said the profit amounted to three cents per share for the quarter ended June 30, compared with a profit of $29.7 million or three cents per share a year ago.

However, excluding one-time items, which included an $11.2-million currency hedging adjustment and a $10.4-million one-time tax adjustment, the company said it earned an adjusted profit of $8.8 million or a penny per share, down from $27.5 million or three cents per share a year ago.

Revenue totalled $96.8 million, down from $112.9 million.

Sales of uranium amounted to 1.88 million pounds, up from 1.95 million pounds a year ago, while the average realized price fell to $52 per pound, from $58 per pound.

Average total cash cost increased to $16 per pound, up from $15.

Uranium One has assets in Kazakhstan, the United States, Australia and Tanzania.

Shares in the company, which reported its results after the close of markets, were down eight cents at $2.10 on the Toronto Stock Exchange on Monday.

 

[nngu007]

OK; Wana Machimbo ya Uranium hapa kwetu... Angalia wao wameweka kwenye Stock na wanawashauri watu wao Wanunue hizo Stocks ziwasaidie wakati wa kuritire... Halafu wanasafiri wakiwa Vijana wanaanza kusafiri dunia nzima
Tunawashangaa wanapata pesa WAPI ???? kumbe ni pesa zetu za Madini yetu... Sisi hatuwezi kununua hizo stocks Sasa imekuwa kama Miaka ILE ya kale... ya Continental Slave Trade... Now is Continental Profit Taking...

 

[Kongosho]

uranium one hawajaanza hata kuchimba hapa Tanzania, still doing exploration.

Huwezi pata faida kama hujaanza kuchimba.

Wana vitalu vya utafiti, hawana hata kitalu kimoja cha uchimbaji.

 

[nngu007]

uranium one hawajaanza hata kuchimba hapa Tanzania, still doing exploration.

Huwezi pata faida kama hujaanza kuchimba.

Wana vitalu vya utafiti, hawana hata kitalu kimoja cha uchimbaji.

Hapana... Wakisha fanya Uchunguzi tu wakasema hayo Machimbo yako ya Idadi Ngapi na ya Quality Gani; Stock
Inapanda...

Nadhani Uliona ya GAS huko MTWARA... Wakipata na Wakijua ni IDADI ya KIASI GANI STOCK inapanda... Inaashiria Umuhimu wa hiyo kampuni MBELENI itapata faida kwahiyo wateja pia watanunua hiyo STOCK... nadhani Unaangalia New YORK STOCK exchange na Sio ya DAR ambayo Imelala haina UMEME ???

** MIMI nina baadhi ya STOCKS... so I do some trades and I do watch regularly

 

[nngu007]

uranium one hawajaanza hata kuchimba hapa Tanzania, still doing exploration.

Huwezi pata faida kama hujaanza kuchimba.

Wana vitalu vya utafiti, hawana hata kitalu kimoja cha uchimbaji.

OK HERE I FOUND ONE OF MANY...

[h=2]STOCK MARKET NEWS[/h]


Prices Results Calendar Charts Watchlist Share Tips News Home


[h=2]AMINEX TANZANIA ESTIMATES QUADRUPLE[/h]
02-07-2012 11:32

Add To Google +1

Aminex, the oil and gas explorer has issued a big upgrade of the resources at the Ruvuma and Nyuni Area Licences in Tanzania.

A new study of the area has come back with a total "undiscovered" estimate of 5.75 trillion cubic feet (TCF) in place at Ruvuma and of 5.67 trillion cubic feet of gas in place at Nyuni.

Aminex Chief Executive, Stuard Detmer, commented: "This independent report has identified a total 11.4 TCF of discovered and undiscovered "gas initially in place" for the Aminex Tanzanian exploration properties - a 400% increase compared to the previous report.

"Most of the increase comes from Ruvuma, evaluated now for the first time. The results are extremely encouraging... The evaluation confirms our view that the onshore Ruvuma Basin is highly prospective not only for gas but also with the possibility of finding reservoired oil."

Aminex shares had risen 6.7% by 11:37.

 

[nngu007]

Thu, Oct 11th, 2012

Headlines / Tanzania |


By In2EastAfrica Reporter


The government has clarified that it is yet to sign the Foreign Investment Promotion and Protection Agreements (FIPPAs) with Canada, pending conclusion of legal reviews between the two countries.

​

A statement issued by the Ministry of Finance and Economic Affairs in Dar es salaam, said PresidentJakaya Kikwete did not sign any agreement during his state visit to Canada last week.

"He (Mr Kikwete) just witnessed the signing of a "Declaration of Intent" by the Minister for Foreign Affairs and International Co-operation, Mr Bernard Membe and the Canadian Minister for Foreign Affairs and International Trade, Mr John Baird, acknowledging successful conclusion of negotiations of the FIPPA," read the statement in part.

The statement follows a report in a local ‘This Day' Newspaper which in its Monday's edition carried an article claiming that President Kikwete had signed a controversial agreement aimed at protecting Canadian firms operating in Tanzania. "This article is totally misinformed.

We wish to point out that FIPPAs which are voluntary, are important instruments in laying out transparent environments for attracting foreign investments, whereby the interests of both host country and investors are protected. "In the event of disputes between the parties, these instruments have provisions for arbitration through international institutions such as International Centre for Settlement of Investment Disputes.

"Therefore, there is nothing controversial about the FIPPA process with Canada and once the legal processes are concluded in both countries; FIPPA with Canada will be signed at an appropriate time, thereby allowing the instrument to take effect." The statement added that in a globalized world, where no country, however resourceful and economically powerful can afford to develop without investments, FIPPAs are inevitable. Since FIPPAs are negotiated, it is important to balance national interests with economic gains.

This is the essence of FIPPAs. It further stated that the government in its desire to create favourable conditions "for consolidating and expanding economic relations with other countries has continued to sign Bilateral Investments Treaties (BITS) or FIPPAs. "Primarily, these agreements are aimed at confidence building, encouraging and protecting investments with the respective countries.

Such agreements are negotiated and signed by many other countries in the world. To date, Tanzania has signed FIPPAs with 14 other countries including the United Kingdom and Northern Ireland (1994); Republic of Korea (1998); Kingdom of Denmark (1999); Republic of Finland (2001); Italian Republic (2001); Kingdom of the Netherlands (2001); Swiss Confederation (2004); Republic of South Africa (2005); Republic of Mauritius (2009) and Republic of Turkey (2012)

 

[nngu007]

This is the government not to believe a single word of their denial of the denied...

 

[Informer]

Miaka 4 sasa. Magufuli na watu wako, kodi ipo huku! Achana na vidagaa

 

[KWEZISHO]

Ama kweli ile serikali yetu ya awamu ile, mhhh yahitaji moyo na ujasiri kuielewa!