RAND Uranium, the newly created company formed by Harmony Gold Mining and the Pamodzi Resources Fund, yesterday said it would become the world's ninth-largest uranium company when output starts in three years.

Paladin Energy's Langer Heinrich uranium mine is expecting to produce 2.6 million pounds of the yellow cake this year, the Chief Executive Officer of Paladin Energy Limited, John Borshoff, has said.

The Ghana Chamber of Mines has indicated that it has not signed a memorandum of understanding with the Suame Magazine Industrial Development Organization (SMIDO) to develop the Suame Magazine as an industrial service centre for the Mining industry in the

Mali and Ghana are Africa's second and third largest gold-producing countries, but with most of the income leaving the country they remain entrenched in poverty.