Australia’s uranium industry not looking good for the future
The uranium price tanked after the Fukushima disaster and so far there is no sign of a bounce.
Uranium flashpoint in the wild West, The Drum, Jim Green, 22 May 12, Interesting times in the uranium sector. The mining companies have had a few wins in the 14 months since the Fukushima disaster, but they’ve had more losses.
Bill Repard, organiser of the Paydirt Uranium Conference held in Adelaide in February, put on a brave face with this claim: The sector’s hiccups in the wake of Fukushima are now over with, the global development of new nuclear power stations continues unabated, and the Australian sector has literally commenced a U-turn in every sense.
Yet for all the hype, uranium accounts for a lousy 0.03 per cent of Australian export revenue and a negligible 0.02 per cent of Australian jobs. The industry’s future depends on the nuclear power ‘renaissance’, but global nuclear power capacity has been stagnant for the past 20 years, and if there is any growth at all in the next 20 years, it will be modest. Read more »
Even nuclear industry experts know that the business is a dead cat
The nuclear landscape includes aging plants, rising global demand for energy, competition from cheap natural gas and environmental standards likely to be toughened after the Fukushima crisis in Japan.
A long-anticipated U.S. “nuclear renaissance” has run into headwinds – sagging demand for electricity as the economy slumped, investors wary of new plants that will cost $10 billion or more and then the crisis at Fukushima.
Nuclear meeting opens in Charlotte with debt worries, News Observer BY BRUCE HENDERSON , 22 May 12 Read more »
Uranium mining industry threatened by plan to enrich depleted uranium stockpile
Uranium miners wary of plan to enrich depleted uranium stockpile, By MEAD GRUVER , May 19, 2012 CHEYENNE — The uranium industry and Wyoming’s congresswoman are questioning a determination by Energy Secretary Steven Chu that releasing and enriching up to 9,200 tons of depleted uranium from a federal stockpile won’t roil the uranium market and undermine prices.
The measure endorsed by Senate Minority Leader Mitch McConnell is intended to keep open a Kentucky uranium enrichment facility and preserve 1,200 jobs.
Three such planned releases of federal uranium inventories could undermine uranium prices and cost jobs in their industry, the group Uranium Producers of America says……
Uranium prices have been averaging around $50 a pound since spiking above $130 in 2007. Rep. Cynthia Lummis, R-Wyo. — whose state has more estimated uranium reserves than any other by far, according to the U.S. Energy Information Administration — questioned the department’s view of market certainty in the years ahead…… Up to 9,182 metric tons of depleted uranium — a byproduct of uranium enrichment for nuclear reactors — will be processed into the equivalent of 482 metric tons of low enriched uranium. Also the Department of Energy plans to release up to 2,800 metric tons of uranium per year as part of other projects including cleanup at the Paducah enrichment facility and one in Portsmouth, Ohio. http://trib.com/news/state-and-regional/uranium-miners-wary-of-plan-to-enrich-depleted-uranium-stockpile/article_ffd65d4e-03d2-5122-af1e-67fdc8249142.html#ixzz1vY7Gpt6f
Japanese industry plans to cope well with a nuclear free summer
Many big companies in the region have said they can manage with power saving steps, and some experts said voluntary steps would probably suffice to shrink the supply-demand gap given growing awareness of energy saving measures.
Japan seeks 15 pct summer power savings in west, May 18, 2012
* Japan avoids mandatory power use limits for summer
* Critics doubt utilities’ shortage forecasts
By Yoko Kubota TOKYO, May 18 (Reuters) - Japan urged at least 15 percent power cuts in its urban-industrial west this summer from 2010 levels to cope with shortages after all nuclear reactors shut down, but stopped short of the mandatory cuts seen in the east last year. The government said on Friday that it aimed to avoid rolling blackouts in the region – home to many manufacturers including struggling electronics giants Panasonic Corp and Sharp Corp – although it needed to prepare just in case. Last summer, the government imposed mandatory usage cuts of 15 percent on customers of Fukushima plant operator Tokyo Electric Power and Tohoku Electric in the east of the country. Neither will face numerical targets this summer as they are expected to meet demand by firing up thermal plants. Read more »
Nuclear industry downturn in China
Chinese nuclear manufacturers are now dealing with overcapacity as the world nuclear industry enters a trough,
China can manufacture 12 nuclear reactors sets annually whereas the industry needs only 40 sets before 2020
Japan leak sent nuclear industry reeling, 2012-05-19, By Liu Yiyu (China Daily) Japan’s nuclear emergency of last year has left a mark on Chinese nuclear manufacturers, which have since seen billions of yuan worth of orders postponed, a senior industry official said. Read more »
Massive Olympic Dam uranium mine project might mot go ahead
projects such as the massive expansion of the Olympic Dam copper-uranium mine in Australia and the potash development in Canada are far less certain…… Where the money is put will say a lot about their expectations for demand for specific commodities now and into the future.
Knives Are Out, But Will BHP and Rio Cut?, WSJ, By Robb M. Stewart, May 16, 2012, BHP Billiton and Rio Tinto have signaled that harder times lie ahead for global miners but have given little indication of where the cuts, if any, will come to the billions of dollars worth of mining projects that both have in the pipeline in Australia and globally.
Neither is backtracking on their long held view about China’s long-term demand for iron ore and coal, but it is now clear that not every expansion project is guaranteed to get off the ground in the current environment–and those that do will be phased in over a longer time period… Read more »
Japan might manage without nuclear power – a boon for gas and renewables investors
There are certain predictions that seem fairly safe if Japan succeeds in weaning itself off nuclear power so quickly. The switch away from nuclear power should be a major boon to natural gas producers around the world.
Certainly the abandonment of nuclear power would be crushing to uranium miners like Cameco; there would be demand for uranium to service existing plants, but the growth story would vanish.
Last and not least, abandoning nuclear power should be a major positive for renewable energy companies.
THE END OF NUCLEAR POWER: A BOON FOR INVESTORS? The Bull.com.au By Investopedia.com | 14.05.2012 Investors interested in the electrical utility sector and related industries, like mining and engineering, ought to pay a little extra
attention to Japan over the next few months.
With the last operating nuclear plant in Japan going offline for maintenance, Japan will be
operating a nuclear power-free electricity grid this summer. Whether the country gets through the summer without incident or interruption, it seems safe to bet that advocates on either side of the nuclear power debate will be paying close attention…..
This summer will be the real test, as the warm muggy climate of much of Japan puts a strain on the power grid. Last year, the nation made it through by implementing usage limits and asking businesses to shift activity to off-peak hours (weekends and evenings) to reduce peak demand. If similar measures manage to succeed this summer, and residents are not subjected to blackouts or excessive limitations, it may be hard to muster the support to restart those nuclear plants. Activists in other countries could likely point to Japan as proof that nuclear power is not essential. Japan Today, Europe Next? Read more »
In Malawi, Namibia, Niger workers making trouble for uranium mining companies
Conflicts with unions and management may have even larger impacts in the future,
Uranium Miners in Africa Facing Labor Disputes, Business Insider, Resource Investing News | May 16, 2012, Uranium mining companies are operating in difficult environments in many jurisdictions, facing challenges ranging from regulatory compliance,
environmental delays, rising costs, and labor relations. Over the last year, the labor challenges seem to have become more accentuated for African uranium mining companies, with several companies having reporting strikes. Read more »
Canada’s unreliable and super-expensive nuclear reactors
Pickering nuclear units among the most expensive, least reliable in the world. The Star.com 15 May 12, The economic performance of Ontario Power Generation’s Pickering nuclear stations is among the worst in the world, says a report prepared for the Ontario Energy Board.
Not only is it the most expensive to operate, it lags at the far end of the pack in terms of reliability, with some units shut down almost 40 per cent of the time….. http://www.thestar.com/business/article/1178431–pickering-nuclear-units-among-the-most-expensive-least-reliable-in-the-world?bn=1
Renewables on the rise, as King Coal dethroned
King coal dethroned, CLIMATE SPECTATOR, Peter Newman & Ray Wills, 15 May 2012 “King coal still reigns” was the headline emblazoned across a full page article in The Weekend Australian on the 28-29 April 2012, by environment editor Graham Lloyd. The article’s subtitle was, “The world is in the grip of a fossil fuel boom that shows no sign of fading.”
Nothing could be further from the truth. The latest data on global investment in new power production shows the dramatic decline in fossil fuel investment, and an astonishing increase in renewables investment. Read more »
Britain’s new nuclear programme in deep trouble
French threat to UK energy: François Hollande could close nuclear plants By Oliver Wright, 16 May 2012 http://www.belfasttelegraph.co.uk/news/world-news/french-threat-to-uk-energy-franois-hollande-could-close-nuclear-plants-16159391.html#ixzz1v5yddT1I
Belfast Telegraph, “……Britain’s nascent new nuclear programme is in trouble, due to a combination of the economic crisis, the disaster in Fukushima and changing political winds.
Yesterday, giving evidence to Parliament, the Energy Minister Charles
Hendry appeared to be unable to guarantee with certainty that any of
the five agreed new nuclear power plants would go ahead…… The
first sign of trouble came in March when the German power companies,
RWE npower and E.ON, announced they were pulling out of their joint
venture to build two of the six planned new nuclear reactors at Wylfa
in North Wales and Oldbury-on-Severn, Gloucestershire. ….
it was not practical to go-ahead with a £15bn investment in the UK.
Now doubt has been cast over the commitment of a joint EDF
Energy/Centrica consortium to fulfil its commitment to build two other
nuclear reactors at Hinkley Point in Somerset and Sizewell in Suffolk.
EDF is state-owned and while President Sarkozy had a warm relationship
with the nuclear sector, his successor, Francois Hollande does not.
During his election campaign, M Hollande pledged to close 24 of
France’s 58 reactors and to reduce reliance on atomic power.
With EDF expected to make a final decision on whether to go ahead with
the UK projects by the end of the year the change of Government could
not have come at a worse time…..
The third nuclear consortium, Nugen, comprises Iberdrola, owner of
Scottish Power, and GDF Suez, the French state-owned gas giant.
Scottish and Southern Energy (SSE) was part of the consortium, but
pulled out in September, citing huge costs. ….
Tim Yeo, Chairman of the House of Commons Energy and Climate Change
Committee puts it: “Nuclear energy is exposed to what happens around
the world.
“The industrial nuclear accident in Japan, a decision taken in
Germany, the change in Government in France – all these three things
have a direct impact on global investment in nuclear in this country.
However good the intention is, we are exposed in a particular way –
unlike with some other energy sources – to what happens in countries
quite a long way away which are outside our control.”
Mr Hendry confirmed yesterday that the British Government has no
objection to allowing the contracts for new nuclear to pass to nuclear
nations such as China, Russia and Japan to keep the programme alive.
He said: “As long as they can satisfy us on the safety and the
security then we are happy to talk to them.”
The handing over of such sensitive technology to China or Russia is
certain to re-ignite concerns.
Hinkley nuclear power plans grind to a halt
Hinkley nuclear power station delay deals blow to government hopes Earthwork preparation of Hinkley site put back as election of Francois Hollande as French president hits confidence Damian Carrington guardian.co.uk, 14 May 2012 Massive earthworks needed to prepare the ground for a new nuclear power station at Hinkley in Somerset have been delayed, dealing a further blow to the government’s energy plans.
Half of the big six energy firms have already abandoned their nuclear plans as too costly, but Hinkley is backed by the most pro-nuclear of them, EDF, which is 83% owned by the French state….. Read more »
Vogtle Nuclear Reactor’s cost overrun $2 billion
Rushing nuclear power reactors is not prudent and stockholders and/or the vendors, not ratepayers, should bear the burden of such costs.
Brazil ditches nuclear reactor plans, in favour of renewable energy and gas
Brazil shelves plans to build new nuclear plants Google News 10 May (AFP) BRASILIA — Brazil said Wednesday it has shelved plans to build new nuclear power stations in the coming years in the wake of last year’s Fukushima disaster in Japan.
The previous government led by former president Luiz Inacio Lula da Silva had planned to construct between four and eight new nuclear plants through 2030….. “The last plan, which runs through 2020, does not envisage any (new) nuclear power station because there is no need for it. Demand is met with hydro-electrical power and complementary energy sources such as wind, thermal and natural gas,” Energy ministry’s executive secretary, Marcio Zimmermann said in remarks released by the ministry Wednesday. ”The 2021 plan, as far as I know, will not consider nuclear power stations either, ” he added, ….
Loss and share price fall for Denison uranium miner
Uranium miner Denison Mines reports US$52-million first-quarter loss
By: The Canadian Press 05/9/2012 TORONTO – Denison Mines Corp. (TSX:DML) reported Wednesday a loss of US$52 million in the first quarter as it took a $44-million writedown on its U.S. assets and operations which it is selling.
The uranium miner, which keeps its books in U.S. dollars, said the loss amounted to 14 cents per share for the quarter ended March 31 compared with a loss of $7.1 million or two cents per share a year ago..
.. Shares in the company, which reported its results after the close of markets, were down four cents at $1.57 on the Toronto Stock Exchange on Wednesday.
1 THIS MONTH
- http://ifyoulovethisplanet.org/?p=5755 Mary Olson on how women are more vulnerable to atomic radiation
http://soundcloud.com/flashpoints/flashpoints-daily-newsmag-05-6Fukushima reactor 4 still threatens the world Dr. Micio Kaku
of the week http://www.youtube.com/user/GoddardsJournal
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San Onofre: Bad Vibrations http://www.youtube.com/watch?v=RP7e83MErWw&feature=share - Low-Dose Radiation ☢ NEW A-Bomb Study http://www.youtube.com/watch?v=-VAncqK6bl0&feature=share
“Pay-to-print”: How Media Corruption Undermines Indian Democracy http://www.youtube.com/watch?v=AbjsQ_dYuJQ&feature=share
VIDEO http://vimeo.com/35212151 Cancer Risk To Young Children Near Fukushima Daiichi Underestimated
- and this VIDEO Kazakhstan’s Nuclear Legacy http://www.euronews.com/2010/04/14/kazakhstan-s-nuclear-legacy/
ACTION
USA EMERGENCY PLANNING PETITION NOW OPEN FOR PUBLIC COMMENT
PLEASE SUBMIT YOUR COMMENTS IN FAVOR OF EXPANDING EMERGENCY PLANNING ZONES; IMPROVING REGULATIONS The deadline for public comments is July 16, 2012. You can submit your comments here. more information at http://nuclear-news.net/action/
- Shut down the nuclear restart. Sign now!! http://www.avaaz.org/en/japan_no_to_nuclear_restart_ms/
- Stop Kudankulam - Please sign http://org2.democracyinaction.org/o/5502/p/dia/action/public/?action_KEY=10090 –
EVENTS – USA
- May 31 - Portland, Maine, Bonnie Raitt benefit concert for New England Coalition on Nuclear Pollution
The Nuclear Industry and WOMEN- theme for May 2012
Although women have rarely been part of decision-making about nuclear power, they have been at the forefront in opposing it.Women in organisations Strongly present in anti-nuclear activities in peace, environmental, religious and civil liberties, women have also formed their own anti-nuclear organisations . e.g. Women’s International League For Peace and Freedom, Women For Peace. Women Against Nuclear Power, Women Against Nuclear Energy,
“When it comes to opposing nuclear power in Finland, the toughest and most active and conspicuous resistance has been among women. A rather small group of women working as teachers, freelance editors, authors and in rather alternative professions. Women who perfectly well are aware of the fact that they are far too radical to be promoted for high posts within traditional parties or getting well-paying jobs in some big companies. Women who are not trying to reach equality on male values. These women have kept the resistance alive, have invited foreign speakers getting through in the mass media, have arranged post-card campaigns aiming at parliamentarians, have written inserts in daily newspapers, have collected signatures from organizations worldwide against nuclear power, etc.
If women had been asked if nuclear power should be used for energy production or if nuclear weapons should be produced there would hardly be any nuclear power stations in the world and no nuclear weapons. Women represent half of humanity. Our voice must be heard! “- Ulla Klötzer WISE – Nuclear issues information service service
Below, a note on some of the courageous women who have stood out against the nuclear forces and apologies for the thousands of such women who are not mentioned here
Dr Helen Caldicott. - Australia and The World. The single most articulate and passionate advocate of citizen action to remedy the nuclear and environmental crises, Dr Helen Caldicott, has devoted the last 38 years to an international campaign to educate the public about the medical hazards of the nuclear age and the necessary changes in human behavior to stop environmental destruction. Helen Caldicott – About
Jean McSorley. – UK. A prolific writer and activist, Jean McSorley has advised government and environmental organisations, in the UK and abroad, for many years revealing the facts about Sellafield, and other UK nuclear facilities.
Her MajestyQueen Noor ofJordan is an international humanitarian activist and an outspoken voice on issues of world peace and justice. Today Her Majesty Queen Noor plays a major role in promoting international exchange and understanding of Arab and Muslim culture and politics, Arab-Western relations, and conflict prevention. Queen Noor | Global Zero
Ulla Klötzer - Finland. A powerful speaker and writer, Ulla Klötzer continues to oppose uranium mining, nuclear proliferation, and to expose the construction of Finlands reactor, Olkiluto OL 3 – the biggest nuclear reactor in the world.
Satomi Oba –Japan. Another leading voice for non-proliferation and disarmament was Japan’s Satomi Oba, former president of Plutonium Action Hiroshima and chair member of the international non-proliferation movement Abolition 2000. For decades before her untimely death in February 2005, Oba organized grassroots events, spoke to international groups and broke ground for other activists
Dianne Stokes – Australia An Aboriginal elder of the Yapa Yapa clan, which owns land at Muckaty in the Northern Territory, has for years continued the fight against the Australian government’s plan to put a nuclear waste dump on Aboriginal land, – resisting enormous pressure from powerful interests and politicians Toxic feelings at proposed nuclear dump – National – smh.com.au
Jean Grossholtz – (USA) Professor emeritus at the Dept. of Women’s Studies, Mt. Holyoke College, Jean helped organize the Women’s Pentagon Action (1980-82) and has long been active in peace and social justice work.
Ellen Diederich –Germany A peace activist for more than three decades, Ellen Diederich is Director of the German-based International Fasia Jansen Women’s Peace Archive, an extensive collection of books, print, audio-visual and artistic resources on women and militarism and women’s action for peace, world-wide, collected over 25 years.
Corazon Valdez Fabros - Philippines A lawyer by profession, Corazon Fabros is Chairperson of the Pacific Concerns Resource Centre (the Secretariat of the Nuclear Free and Independent Pacific Movement) and Secretary General of the Nuclear Free Philippines Coalition, which led the successful campaign to stop the nuclear power plant projects in the Philippines . Currently Philippine Coordinator of the No Nukes Asia Forum and the International Network on Military Activities and Environmental Justice.
Karen Silkwood remembered In 1974, US anti-nuclear activist Karen Silkwood was killed in a car crash many suspect was deliberately caused by the Kerr McGee nuclear company.Karen Silkwood will be remembered as someone who fought an uphill and often unpopular battle against the ruthless nuclear industry. She is an inspiration to all who believe in environmental justice and workers’ rights BY SHARYN JENKINS. Karen Silkwood remembered | Green Left Weekly
Much of the material here was obtained from Women and Life on Earth: English by Anna Gyorgy, Women & Life on Earth Network coordinator, English website editor. Contact: info(at)wloe.org
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