uranium

Alliance Resources (AGS) have settled its long-running litigation with joint venture partner US Group Healthgate but kept the details of the settlement in confidential. Finally, the Four Mile Project for a uranium mine will be starting to develop after its delay.

Northern territory based uranium producer, Energy Resources of Australia (ASX:ERA) has released a warning that its annual profit will be affected as if lowers output guidance for 2010 on poor grades from its Ranger Mine.

Lihir Gold Limited (LGL), an Australian company involved in gold mining, exploration and processing with gold mine and processing facilities located in Lihir Island had the best performing stocks of the 13th week in ASX100 with a gain of 31.6 percent or 96 cents to its stock price closing the week at $3.99.