Rio Tinto Predicts Uranium Market To Remain Tight Until 2012

“The market is likely to be tight to 2012, and potentially beyond,” Rio Tinto energy CE Preston Chiaro said in a presentation posted to the company’s website, citing the World Nuclear Association.

Rio Tinto also announced a project to extend the life-of-mine at its Rossing uranium mine, in Namibia, which began production in 1976.