Mining regulation makes it to space

MINEX FORUM | July 14, 2017
img0 The small country of Luxembourg has become the first European nation to pass a space mining law, which recognises that private owners have rights to the resources extracted in space. The new law, which will enter into force on August 1, also establishes procedures for authorising and supervising space exploration missions, miningweeekly.com notes. The passing of the law is a key action in ...

Uranium under pressure

MINEX FORUM | July 14, 2017
img0 Uranium was the glaring exception amid a broad-based rally in metals and minerals in 2016. The price of U3O8 fell 41% in 2016 with the industry tracker UxC’s broker average price hitting 12-year lows below $18 per pound in November, mining.com notes. After top supplier Kazakhstan announced in the second week of January that it’s cutting output by 5.2 ...