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Nufcor Uranium buys 620,532 pounds of uranium

Mon Jul 21, 2008 9:14am EDT

LONDON, July 21 (Reuters) - London-listed Nufcor Uranium Ltd NU.L is buying 620,532 pounds of uranium from a major international counter-party for delivery in the fourth quarter, the firm said on Monday.

The amount is less than the market expected earlier this month when traders indicated Nufcor would buy around 1 million pounds after raising around $75 million. [ID:nL15643231]

The holding firm said in a statement it would pay an inferred price of $59.03 a pound.

(Reporting by Anna Stablum; editing by Christopher Johnson)



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