nuclear-news

Australian uranium company Paladin suspends uneconomic project in Labrador

Aurora Energy suspending uranium exploration in Labrador, CBC News  Company cites low prices for decision to mothball Labrador operation CBC News Sep 01, 2015 Aurora Energy has announced it is suspending uranium exploration in Labrador and is blaming lower commodity prices for the decision.

Ches Andersen, Aurora’s vice-president of Labrador affairs, said since there’s no mining underway, the parent company will mothball the Labrador operation…..

Aurora is a member of the Paladin Energy Ltd. Group of Companies, based in Australia.

Lifting of moratoriumThe issue of uranium mining in Labrador has been a divisive one.The Nunatsiavut government narrowly passed a controversial bill to put a moratorium on exploration in place in April 2008.

The decision to lift the moratorium was made unanimously late in 2011….http://www.cbc.ca/news/canada/newfoundland-labrador/aurora-energy-suspending-uranium-exploration-in-labrador-1.3209939

September 3, 2015 - Posted by Christina Macpherson | general