16th Dec 2015 13:34
LONDON (Alliance News) - UMC Energy Corp on Wednesday said it has decided to exit its uranium operations in Madagascar.
The group said the political upheaval and uncertainty in the Madagascan market has meant the company has not conducted any exploration activities in the country for a number of years.
UMC said the move will have no material impact on its financial position or results of its operations.
UMC shares were untraded on Wednesday, having last traded at 1.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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