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Another blow to AREVA in poor outlook for uranium mine

UraMin deal was a wager on new power stations Financial Times, By David Blackwell, 14 Dec11“…..Areva’s purchase of UraMin was a long-term bet that power stations would be built around the world to meet concerns about energy security and climate change – as new reactors typically require a lot more uranium than those that have been in operation for some time.
Even before this year’s Fukushima disaster in Japan, Areva’s willingness to pay such a premium was in question as the price of unenriched “yellow-cake” uranium fell to $70 a pound, from $138 a pound around the time of the acquisition.

Since Fukushima, the price has fallen even further to about $50 a pound. Coupled with Monday’s announcement that deposits at UraMin’s mines were far smaller than expected, Areva has taken a hit – both to its balance sheet and to a mining business that accounted for 40 percent of its capital spending between 2007 and
2011….http://www.ft.com/cms/s/0/6506add8-2592-11e1-9cb0-00144feabdc0.html#axzz1gWdl0WlU

December 14, 2011 Posted by | business and costs, Uranium | Leave a comment

Pacific Ocean to be monitored for radioactivity

Considerable volumes of radioactive contaminated water entered and polluted the Pacific Ocean following the March 11 Nuclear accident. It raised concern among countries in the Pacific region that radiation releases may reach and damage coastal zones with possible consequences
for communities and economies.

IAEA Project To Monitor Radioactive Substances In Pacific Ocean Region (RTTNews) 13 Dec 11 – The International Atomic Energy Agency (IAEA) is implementing a Technical Cooperation (TC) Project for countries
throughout the Pacific Ocean region to monitor radioactive substances in the marine environment in the wake of the release of radioactive particles into the Pacific from the tsunami-wrecked Fukushima Daiichi Nuclear Power Plant in Japan. Continue reading →

December 14, 2011 Posted by | Uncategorized | Leave a comment

Nuclear smuggling trial in Switzerland, CIA link to be covered up

“This deal has been done to keep the CIA link out of court,”

Nuclear smugglers who aided AQ Khan face trial in Switzerland, The Guardian UK, Julian Borger,13 Dec 11 Friedrich, Urs and Marco Tinner to stand trial but their claims of CIA involvement will not be examined in plea-bargain deal. Switzerland has charged three members of the same family for their role in the Abdul Qadeer Khan nuclear smuggling network after a plea deal which will mean that their claims of collaboration with the CIA
will not be examined in court. Continue reading →

December 14, 2011 Posted by | secrets,lies and civil liberties, Switzerland | Leave a comment

How Japan’s nuclear lobby sabotaged renewable energy

Secret Weapons Program Inside Fukushima Nuclear Plant? Global Research, 12/4/11 by Yoichi Shimatsu“….Sabotaging Alternative Energy The cynical attitude of the nuclear lobby extends far into the future, strangling at birth the Japanese archipelago’s only viable source of alternative energy—offshore wind power.Mitsubishi Heavy Industries, a nuclear-power partner of Westinghouse, manufactures wind turbines but only for the export market.

The Siberian high-pressure zone ensures a strong and steady wind flow over northern Japan, but the region’s utility companies have not taken advantage of this natural energy resource. The reason is that TEPCO, based in Tokyo and controlling the largest energy market, acts much as a shogun over the nine regional power companies and the national grid. Its deep pockets influence high bureaucrats, publishers and politicians like Tokyo Governor Shintaro Ishihara, while nuclear ambitions keep the defense contractors and generals on its side. Yet TEPCO is not quite the top dog. Its senior partner in this mega-enterprise is Kishi’s brainchild, METI.

The national test site for offshore wind is unfortunately not located in windswept Hokkaido or Niigata, but farther to the southeast, in Chiba Prefecture. Findings from these tests to decide the fate of wind energy won’t be released until 2015. The sponsor of that slow-moving trial project is TEPCO….. http://www.globalresearch.ca/index.php?context=va&aid=24275

December 14, 2011 Posted by | Japan, renewable | Leave a comment

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