Global X Uranium ETF Fund Holdings Overview

 

New York-based ETF provider, Global X Funds, has added Uranium ETF to its cleantech fund range. The Global X Uranium ETF tracks the performance of the Solactive Global Uranium Index.

The index tracks the performance of the largest and most liquid listed companies globally in the Uranium Mining Industry. Its three largest components are Cameco, Paladin Energy and 

Uranium One, as of Nov. 1, 2010. 

Global X Uranium ETF (URA) began trading November 5, 2010 as the first ETF to track companies involved in uranium mining. Listed below are the 23 listed Uranium plays that make up this newly listed Uranium ETF.
 

(Complete list of 23 holdings).

% of Net                        Company  Name

Assets

	18.10%	CAMECO CORPORATION
	13.44%	URANIUM ONE INC
	11.91%	PALADIN RESOURCES LIMITED
	4.95%	EXTRACT RESOURCES LTD
	4.94%	DENISON MINES CORP
	4.52%	URANIUM ENERGY CORP
	4.49%	KALAHARI MINERALS PLC
	3.92%	HATHOR EXPLORATION LTD
	3.86%	USEC INCORPORATED
	3.69%	ENERGY RESOURCES OF AUST
	3.01%	URANERZ ENERGY CORP
	2.84%	FIRST URANIUM CORP - CAD
	2.81%	FORSYS METALS CORP
	2.31%	MANTRA RESOURCES LTD
	2.24%	URANIUM RESOURCES INC
	2.22%	UEX CORP
	2.19%	GREENLAND MINERALS LTD
	1.98%	MEGA URANIUM LTD
	1.66%	BERKELEY RESOURCES LTD
	1.58%	BANNERMAN RESOURCES LTD
	1.17%	DEEP YELLOW LTD
	1.14%	LARAMIDE RESOURCES
	0.99%	TORO ENERGY LTD

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ENERGY RESOURCES (ASX Listed -ERA) POSSIBLY LOWEST URANIUM PRODUCTION IN 9 YEARS

RIO Tinto's uranium subsidiary, Energy Resources of Australia, says production this year could be at the lowest in nine years.

Problems have arisen because of high rainfall and a pit wall slip, forcing the miner to buy some ore to fulfill contracts.

ERA said yesterday full-year production was expected to be between 4300 and 4700 tonnes of uranium, which was up to 18 per cent lower than previous guidance of about 5240 tonnes. It attributed the change to being unable to access higher-grade ore after a slip late last year at its Ranger mine, which is in Kakadu National Park.

If output is at the low end of the range, it would be the lowest since 2001, when the miner produced 4203 tonnes. If production is 4700 tonnes, it would be the lowest since 2002.

But ERA said it would still meet sales contracts. "Sales are expected to be somewhat in excess of 5000 tonnes, with commitments met by way of inventory management, flexibility of shipments to customers and a small volume of secondary purchases," the company said.

Shares in ERA, which is 68.4 per cent-owned by Rio, fell 68c, or 4.6 per cent, to $14.05 yesterday.

ERA's second-quarter production was 1828 tonnes of uranium, down 44 per cent from the previous quarter and 7 per cent from a year earlier.

Credit Suisse analyst Matthew Hope said while the lower production had been well flagged, he was lowering his first-half net profit forecast for ERA by $8 million to $40m.

"However, we expect a strong recovery to $126m in the December half, giving $166m for the year," Mr Hope said.

ERA said it expected to make a final decision this quarter on developing an exploration decline at its Ranger 3 Deeps project, where it has a resource of 10 million tonnes of ore with an average grade of 0.34 per cent uranium dioxide.

AUSTRALIAN URANIUM MINER ENERGY RESOURCES HIT BY LOWER PRODUCTION

ENERGY Resources of Australia says softer market conditions are taking their toll and will influence average sale prices expected during the first half of 2010.

The Darwin-based miner had previously given guidance that average realised sales prices in 2010 were expected to be similar to 2009, but said today that softer market conditions now looked set to have an influence on prices in the first half.

ERA produces about 10 per cent of the world's uranium from its Ranger mine in the Northern Territory.

The miner also said production fell sharply in the first quarter of 2010, after lower grades and weather impacts took their toll. First quarter uranium output was down 27 per cent on year to 888 tonnes.

The Rio Tinto subsidiary said in a statement that average ore grades processed during the quarter of 0.17 per cent uranium were down 41 per cent on the previous corresponding period.

Material mined also fell 60 per cent on year and ERA said this was mainly due to precautionary work on an area of instability on the south wall of the Ranger open pit and seasonal weather impacts.

ERA had previously indicated it was expecting to experience lower grades in the first half of 2010 and the miner said it expects second quarter output to be in line with the first quarter.

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