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Global uranium, nuclear industry in serious trouble – Australian Senator

“Recently we have been hearing a lot about ‘surging uranium prices’ and a ‘global nuclear renaissance’ but you only need to chart uranium miners’ share prices and the world uranium price to see the reality is strangely at odds with the hype,” Senator Ludlam said.“The year started with BHP Billiton cutting estimated production from its proposed Yeelirrie project by a third, Mega Uranium delaying commencement of its proposed Lake Maitland project by two years and Toro Energy dropping plans to mine uranium at Napperby in the Northern Territory.

“Worldwide, the global civil nuclear industry is in serious trouble and nuclear weapons disarmament negotiations are suppressing world uranium prices.
“The Australian Greens continue to be the one political party that opposes uranium mining and nuclear energy at a State and Federal level.”

Greens step up anti-uranium mining campaign, 21st July 2010, Australian Greens Senator Scott Ludlam will deliver a straightforward message to uranium miners and investors at the Australian Uranium Summit in Fremantle today

“The industry remains unsafe, unwanted and uneconomic. Pursuing investments in this least sustainable of industries will end in tears,” Senator Ludlam said…….

“Recently we have been hearing a lot about ‘surging uranium prices’ and a ‘global nuclear renaissance’ but you only need to chart uranium miners’ share prices and the world uranium price to see the reality is strangely at odds with the hype,” Senator Ludlam said.“The year started with BHP Billiton cutting estimated production from its proposed Yeelirrie project by a third, Mega Uranium delaying commencement of its proposed Lake Maitland project by two years and Toro Energy dropping plans to mine uranium at Napperby in the Northern Territory.

“Worldwide, the global civil nuclear industry is in serious trouble and nuclear weapons disarmament negotiations are suppressing world uranium prices.
“The Australian Greens continue to be the one political party that opposes uranium mining and nuclear energy at a State and Federal level.”

July 21, 2010 - Posted by Christina Macpherson | AUSTRALIA, business and costs | antinuclear, AUSTRALIA, nuclear, nuclear costs, nuclear secrecy, nuclear technology, reactors, uranium