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Bulgarian government confirms it will not build new nuclear power plant

Failed referendum leaves Bulgaria without nuclear future Rt 31 January, 2013,  A referendum on nuclear energy in Bulgaria failed due to low turnout, and the country’s ruling party has confirmed it will not build a new nuclear plant….. Bulgarian Prime Minister Boiko Borisov confirmed that his ruling center-right GERB party would not resume construction on a nuclear power plant in Belene.

In March 2012, the GERB party scrapped the 2,000-megawatt nuclear plant project, which had been under construction by Russia’s Atomstroyexport since 2008. The Bulgarian government said that the country could no longer afford the plant’s 6.4-billion euro price tag……

Kozloduy’s two operational 1,000-megawatt reactors, designed by the Soviet Union, were modernized in 2005 and 2006 to meet EU safety demands. They will be operable until 2027 and 2032 respectively, at which point Bulgaria will no longer generate nuclear energy.

February 1, 2013 Posted by | Bulgaria, politics | Leave a comment

Australian uranium company ERA closed its only mine, made big loss

Australia uranium miner ERA books steep 2012 loss http://www.marketwatch.com/story/australia-uranium-miner-era-books-steep-2012-loss-2013-01-31 By Ross Kelly SYDNEY–-Energy Resource of Australia Ltd. said Thursday annual losses deepened to 218.8 million Australian dollars (US$227.4 million) due to weak uranium prices, a high Australian dollar and the cost of rehabilitating a recently-depleted mine bordering Kakadu National Park.

The company, which counts Rio Tinto Ltd. as its largest shareholder, said the net loss for the year to Dec.31 compared to a A$153.6 hole in 2011.

ERA stopped mining at its only producing pit, Ranger, in November and will process stockpiled ore while it decides whether to build a new underground mine there. The company produced 3,710 metric tons of uranium oxide in 2012 and forecast production sourced from stockpiles in 2013 of between 2,700 and 3,300 tons.

ERA also announced that its chairman, David Klinger, would retire next month and be replaced by current non-executive director Peter McMahon.

February 1, 2013 Posted by | AUSTRALIA, business and costs | Leave a comment

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