Uranium miners cautious on new output, despite forecast shortfall

March 8, 2016

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Several of the world’s biggest uranium producers say they are taking a cautious approach to building new mines, preferring to shave expenses and wait for higher prices despite forecasts for a supply shortfall by the end of the decade. France’s state-owned Areva SA will trim 100 to 200 more jobs this year and stay out of the hunt for new mine exploration projects, Jacques Peythieu, Areva senior executive vice president of mining business, said in an interview from Paris on Tuesday.

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