The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

The “disorderly exit” of uranium from the share market

Uranium spot price sinks amid ‘disorderly exit’ Financial Post    Peter Koven 13/07/29

Over the past few years, the uranium spot price found support whenever it fell to US$40 a pound. But not this time.

Uranium has plunged 14% over the last two months, and now sits at US$34.50 a pound after dropping another US$1.50 last week. It’s the lowest level since 2006.

“It appears that by the end of last week, a disorderly exit from the spot market was underway,” TD Securities analyst Greg Barnes said in a note…..


August 2, 2013 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

Despite government propping up, the nuclear industry is failing globally

nukes-sad-highly-recommendedNuclear Power Is Being Abandoned Worldwide Nuclear Power Is Being Abandoned Worldwide | Global By Washington’s Blog Global Research, July 27, 2013

 (Very good photos and graphs)  Despite the Government’s Best Efforts to Prop Up and Bail Out the Nuclear Industry … It’s FailingAs we noted in May, the American “Nuclear Renaissance” is over, “the change in nuclear’s fortunes is staggering”, and a horrible “cauldron of events” has [brought] the nuclear push to a standstill”.

Even though the American government has done everything possible to encourage nuclear power – bywholly subsidizing nuclear powerreducing safety standards after Fukushimaforcing Japan to re-start its nuclear programcovering up the severity of the Fukushima accident, raising acceptable radiation limits and agreeing to buy radioactive Japanese seafood – the number of nuclear plants worldwide and percentage of electricity provided by nuclear is declining.

The Economist reports:

The [nuclear] industry’s role in electricity production is continuing to decline, according to this year’s World Nuclear Industry Status Report, a compendium of analysis and data by the activist and expert Mycle Schneider. The number of reactors peaked in 2002 at 444, compared with 427 today. The share of electricity they produce is down 12% from its 2006 peak, largely because of post-Fukushima shutdowns in Japan. As a proportion of all electricity generated, nuclear peaked in 1993 at 17% and has now fallen to 10%. The average age of operating plants is increasing, with the number over 40 years old (currently 31 plants) set to grow quite rapidly.

This is no loss. Nuclear power is expensive and bad for the environment. And – no matter what you may have heard – it does not help reduce carbon dioxide.

But the answer is not fossil fuels, either … it is decentralization

August 2, 2013 Posted by | general | Leave a comment

Duke Energy scraps plan to build Florida nuclear powerplant

thumbs-downFlag-USADuke Energy won’t build Fla. nuclear plant News Observer August 1, 2013 By MITCH WEISS and TAMARA LUSH — The Associated Press ST. PETERSBURG, FLA. — Duke Energy is scuttling plans to build a $24.7 billion nuclear power plant in a small Gulf Coast county in Florida, the company announced Thursday.

In a news release sent late in the afternoon, Duke officials said the company made the decision because of delays by the Nuclear Regulatory Commission in issuing licenses for new plants, and because of recent legislative changes in Florida. The proposed plant — and how the company was raising money for it — have been debated for some time in Florida.

Duke Energy Corp. has been charging its customers nuclear cost recovery fees for the two, planned 1,100-megawatt nuclear units in Levy County. Through these fees, Duke customers have paid $1.5 billion for the plant so far.

Florida State Rep. Mike Fasano, R-Pasco County, said Thursday that he wasn’t surprised by Duke’s announcement.

“I’ve been saying for years that Duke had no intention of building these power plants yet they continue charging the customers for it,” Continue reading

August 2, 2013 Posted by | business and costs, USA | Leave a comment

Plan to subsidise nuclear power is prohibited under European rules

 Andrea Carta. Sir, Your report on the European Commission’s plans to allow direct state aid for nuclear power (“EU to allow state aid for nuclear power”, July 20) has prompted a somewhat confusing reply from the commission. Antoine Colombani, the EC spokesman for competition, goes to great lengths to argue (“EU rules do not prohibit state aid for nuclear power”, Letters, July 23) that the commission is still sitting on the fence on the issue, but his claims are flawed

Under EU competition rules, state aid is prohibited and only justified if it supports a common EU interest. The leaked commission guidelines on state aid describe subsidies to nuclear energy as a “common EU objective”. Given the divergence of policies on nuclear power in Europe, this definition can only be interpreted as a signal that the commission intends to carve out specific state aid provisions for nuclear power. Reactions to the leak from Germany and Austria’s leaders confirm this reading.

In the absence of guidelines on state aid for nuclear power, EU member states need to prove that aid measures clearly meet a common EU interest and that the aid is necessary – something they may struggle to do. In this respect at least, the leaked new guidelines would leave the commission little alternative but to find in favour of any future applications for state aid for nuclear power.

The subsidised construction of nuclear plants would perpetuate the fragmentation of the EU energy market, exacerbating the clash between inflexible and wasteful energy from nuclear power and flexible energy from renewables. It threatens investments in smarter interconnection between different parts of the power grid, capable of integrating renewable energy sources. And it could pit the UK against Germany in a battle for Europe’s energy future.

August 2, 2013 Posted by | EUROPE, politics | Leave a comment

Kanagawa’s malformed beetle larvae, Fukushima

Author-Fukushima-diary “Larvae of beetles were all malformed and died in a few days in Kanagawa”  [Express] “Larvae of beetles were all malformed and died in a few days in Kanagawa” | Fukushima…

by Mochizuki on July 27th, 2013
 A mother of the kindergarten student in Kanagawa was given larvae of beetles. The larvae grew up in the kindergarten yard.

When the larvae got out of the soil recently, they were terribly malformed and died soon. The larvae of another child were also malformed and died soon. Probably there are more unreported.

August 2, 2013 Posted by | Fukushima 2013 | Leave a comment

Radiation level as high as in 2011 at Fukushima Daiichi nuclear power plant

Fukushima radiation levels as high as 2011, RT July 27, 2013   Water samples taken at an underground passage below the Fukushima Daiichi nuclear power plant contain alarming levels of radiation which are comparable to those taken immediately after the catastrophe.

According to a Saturday statement by Tokyo Electric Power Company (TEPCO), the tested water contains 2.35 becquerels of cesium per liter, and the radioactive water is now seeping into the sea. The findings were also evident from samples taken within a 50-meter radius around the plant.

August 2, 2013 Posted by | Fukushima 2013 | Leave a comment

Nuclear fusion faces financial and scientific gloom

nuclear-fusion-pie-SmFusion Energy Quest Faces Boundaries of Budget, Science Tim Folger For National Geographic July 26, 2013 Part of our weekly “In Focus” series—stepping back, looking closer.

A large banner hangs from the front of the stadium-size building that houses the world’s most powerful array of lasers: “Bringing Star Power To Earth.”

For the past four years, physicists  at the National Ignition Facility, or NIF, in Livermore, California, have been trying to harness nuclear fusion, the same reaction that powers the sun and the stars. Supporters of the $3.5 billion facility believe that a successful outcome to the experiments could help usher in an era of nearly limitless energy. But the ambitious fusion research program at NIF now faces an uncertain future, both politically and scientifically………. Continue reading

August 2, 2013 Posted by | 2 WORLD, technology | Leave a comment

Electricity utilities: some fight, others join – the solar energy revolution

Utility executives call this a “death spiral.” As utilities put a heavier burden on fewer customers, it increases the appeal for them to turn their roofs over to solar panels.
A handful of utilities have taken a different approach and are instead getting into the business of developing rooftop systems themselves. Dominion, for example, is running a pilot program in Virginia in which it leases roof space from commercial customers and installs its own panels to study the benefits of a decentralized generation.
solar-panels-and-moneyhighly-recommendedOn Rooftops, a Rival for Utilities
Big power companies say that incentives for solar power are robbing them of paying customers, setting up a fight for the future of renewable energy.
The New York Times By   July 26, 2013    For years, power companies have watched warily as solar panels have sprouted across the nation’s rooftops. Now, in almost panicked tones, they are fighting hard to slow the spread. Alarmed by what they say has become an existential threat to their business, utility companies are moving to roll back government incentives aimed at promoting solar energy and other renewable sources of power. At stake, the companies say, is nothing less than the future of the American electricity industry. Continue reading

August 2, 2013 Posted by | renewable, USA | Leave a comment

Fight looming in Taiwan over referendum on nuclear power

Showdown looms in legislature over nuclear plant vote, Focus Taiwan  2013/08/01 Taipei, Aug. 1 (CNA) Leaders of the ruling Kuomintang (KMT) caucus in the Legislative Yuan vowed Thursday to push for a vote on holding a referendum to decide the fate of Taiwan’s fourth nuclear power plant, as opposition lawmakers prepared to block the procedure.

Lawmakers of the main opposition Democratic Progressive Party (DPP) started to occupy the legislative floor in the early evening, bringing sleeping bags and preparing to spend the night in the chamber.

DPP caucus whip Wu Ping-jui said his caucus made a decision to enter the floor early in order to occupy the podium overnight. Wu said his colleagues will not “give an inch” if a motion is called Friday, as announced by the KMT majority…………

Critics of the proposed referendum have said that the high threshold for a vote to be carried means the government will have its way, which is to continue with the project in New Taipei City.

Meanwhile, as a showdown loomed in the Legislature, activists stepped up their anti-nuclear protests around Taipei Thursday……

Tsui Su-hsin, secretary-general of the Green Citizens’ Action Alliance, which organized the protest, said the construction of the fourth nuclear plant is laden with problems and the government should stop its construction to prevent bigger risks in the future………….
Earlier that day, Greenpeace released a research report that said areas of northern Taiwan in the vicinity of the nuclear plant would suffer a potential economic loss of NT$33.92 trillion (US$1.13 trillion) per year if a nuclear disaster were to occur.

It mentioned the Fukushima Daiichi nuclear disaster in Japan as an example, saying that compensation for the 2011 disaster has so far reached 2.64 trillion yen (US$26.77 billion). The nationalization of the Tokyo Electric Power Co. means that taxpayers have to cover the losses, it added.

Taipower, on the other hand, would not be able to cover such losses, the groups said………..

August 2, 2013 Posted by | politics, Taiwan | Leave a comment

Nearly 1000 radioactive cars reached Russia from Japan

Radiation-Contaminated Japanese Cars Still Concern – Russian Customs  . VLADIVOSTOK, August 1 (RIA Novosti) Japanese cars contaminated with radiation in the aftermath of the 2011 Fukushima nuclear disaster is still a concern regarding the importation of such vehicles to Russia, a customs official said Thursday.

According to Russian customs, more than 930 radiation-contaminated vehicles from Japan have been detected at far eastern Russian ports since a magnitude-9 earthquake and subsequent tsunami ravaged the Fukushima nuclear power plant in central Japan…….

A representative of Russia’s federal consumer-protection watchdog, Rospotrebnadzor, told RIA Novosti that it is easier to send such cars back to Japan than to spend money on their decontamination…….–Russian-Customs.html

August 2, 2013 Posted by | Japan, radiation, Russia | Leave a comment

Malawi’s losses due to unfair uranium deal with Paladin Energy

Malawian dies on duty at Kayelekera Uranium Mine in Karonga,  By Nyasa Times Reporter July 31, 2013  


“………The tragic incident has cast a shadow over the company which is already facing mounting criticism following reports the country was losing out from the favourable tax regime agreed with the company by the former administration of late President Bingu wa Mutharika.

Last week, the United Nations’ Special Rapporteur on the Right to Food, Olivier de Schutter, also reiterated that Malawi was losing out due to tax incentives given to Paladin……..

As a result of tax incentives, one estimate suggests that Malawi may lose between US$ 205 million and US$ 281 million over the 13 years of the project.

But the current government of Joyce Banda has indicated it has started negotiations with the company to have the agreement reviewed.


August 2, 2013 Posted by | general | Leave a comment

Western leaders’ hypocrisy on uranium investment scandals in Africa

Malawi gov’t and Paladin: Act on Kayelekera uranium raw deal now! By Veronica Maele-Magombe Nyasa Times, By Veronica Maele-Magombe July 30, 2013 “……one cannot underestimate the ‘politicking’
surrounding foreign investment. There is the brainwashing and fear
that African leaders endure in their struggle to appease donors who
are sometimes capable of clamping on aid or trade deals if a poor
country like Malawi is ‘hostile’ to western investors. In the un-coded
diplomatic language of foreign investment it means, treat business
clients from the west well and we will handle your aid and loan
cheques accordingly.

Western leaders have continued to hypocritically talk about fair trade
and dealings with Africa whilst winking an eye to their investors.
And, tightening the shackles of neo-colonialism on their behalf has
been IMF – convincing poor countries to lure foreign investor with a
portfolio of incentives. Just last year, IMF advised poor Gambia to
reform its tax system so that the country avoids discouraging foreign
investors with many taxes. Resident Representative, Meshack Tunee,
noted: Continue reading

August 2, 2013 Posted by | AFRICA, politics international, secrets,lies and civil liberties, Uranium | Leave a comment

China’s $323 billion renewable energy program

China outlines renewable energy splurge  July 30, 2013

China’s spending to develop renewable energy may total 1.8 trillion yuan ($323 billion) in the five years through 2015 as part of the nation’s efforts to counter climate change, according to a government official.

China may invest another 2.3 trillion yuan in key energy- aving and emission-reducing projects, Xie Zhenhua, vice chairman of the National Development and Reform Commission, said Tuesday at a conference in Beijing. China stands by its pledge to cut carbon emissions per unit of economic output by as much as 45 per cent before 2020 from 2005 levels, he said.

The increased reliance on renewable sources of energy fits with efforts by China, the world’s biggest carbon emitter, to help mitigate the effects of pollution blanketing its major cities. Along with renewables investments, the environment ministry is considering stricter controls on vehicle and industry pollution.

The government aims to have 100 gigawatts of wind-power installed capacity and more than 35 gigawatts of solar power by 2015, Xie reiterated today. China’s targets have encouraged companies including China Petrochemical Corp., also known as Sinopec Group, to strengthen their commitment to protect the environment.

Sinopec Monday said it will invest 22.9 billion yuan on an environmental protection plan.

China asked seven cities and provinces last year to put in place regional caps and pilot programs for trading emission rights.

The country will gradually expand the regions falling under its carbon trading pilot program starting from 2015 in order to explore the potential for a national system, Xie said.

Read more:

August 2, 2013 Posted by | China, renewable | Leave a comment

Terminal state of uranium prices!

Uranium Nearing Terminal Velocity 9 News Finance By Andrew Nelson, 30 July 13 The steady and significant retreat of the uranium price over the month of July gathered even more pace last week. Volumes were steady, with six transactions involving around 700,000 pounds of uranium being reported, but the spot uranium price still fell 5% over the five days.

We are now looking at levels last seen in November 2005. This was just before that time everyone thought uranium would make for a great investment, pushing the price up to US$138 a pound by June 2007. The GFC interrupted, then we had the Fukushima incident in March 2011 and uranium has been moving steadily south ever since……

 the uranium market seems caught in a vicious circle. The lower prices are pulling out more buyers, but these buyers are bargain hunters. Thus the lower the price, the more buyers. The more buyers, the more price pressure. The more price pressure, the lower the price goes. For months sellers have been holding firm, but the dam broke earlier this month and it seems sub $40 dollar prices are not only a reality, but now a sub $30 nightmare is being dreamed about……
By last Friday, TradeTech’s Weekly U3O8 Spot Price Indicator had fallen another US$2.00 to US$34.50 a pound…..just like the spot market, the higher levels of activity are proving disastrous for prices. Mid-term uranium prices have dropped in conjunction with spot prices, which has a number of US and non-US utilities contemplating entry into the term market to take advantage of current prices.

August 2, 2013 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

Communities’ Inheritance of radioactive trauma

The Inheritance of Trauma: Radiation Exposed Communities Around the World  The Inheritance of Trauma: Radiation Exposed Communities Around ... HNN Monday, July 29, 2013 There have been over 2,000 nuclear weapon tests since 1945. Tests have been conducted on every continent except South America and Antarctica. Many nuclear weapons were tested above ground spreading large amounts of radioactive fallout across communities located downwind from the various test sites. Additionally, the production of materials for nuclear weapons has also contaminated large areas near to weapon production facilities. Accidents at nuclear power plants have also contaminated communities and made large areas uninhabitable for the foreseeable future.

Professor Robert Jacobs of the Hiroshima Peace Institute is the lead researcher of the Global Hibakusha Project, which is engaged at assessing the cultural and social effects of radiation exposures to families and communities located near these various sites of contamination. Working with 1st, 2nd and 3rd generation hibakusha, the Global Hibakusha Project documents the destruction to communities and traditional lifestyles that result from exposure to radiation, as well as the inheritance of trauma in hibakusha communities. The project endeavors to link these communities together through Web 2.0technology, and the sharing of oral histories, artwork, commemoration and political strategies between the disparate hibakusha communities.

Here in Japan where we are still in the early stages of understanding the impacts of the Fukushima nuclear meltdowns on the people and the environment of Tohoku and Japan as a whole, the lessons of previous historical exposures of communities to radiation offers lessons and warnings of the challenges only now unfolding. Jacobs will discuss how the presentation of these challenges as unprecedented and therefore unknowable and unforeseeable is typical of the management of exposed communities.

August 2, 2013 Posted by | general | Leave a comment