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

Failures of AREVA’s, Westinghouse’s and Hitachi’s new nuclear reactors

Free nuclear advice for the Polish Energy Group , Greenpeace International by jmckeati – May 20, 2010 “…………The Polish Energy Group (PGE) wants to build two new nuclear reactors. Which designs are they considering? Oh dear. AREVA’s EPR, Westinghouse’s AP1000 and GE Hitachi’s ABWR and ESBWR……… Continue reading →

May 21, 2010 Posted by | business and costs, EUROPE | , , , , , , , , , , | Leave a comment

Uranium market to stay low

There is a lot of uranium being mined across the globe at present  ……..but it is only going into stockpiles at present…..It is for that reason MF Global can see little change to current uranium spot prices

Uranium Market To Remain Subdued. 18/05/2010 ninemsn Money, By Greg Peel Uranium sector consultant TradeTech has left its weekly uranium spot price indicator at US$41.25/lb following last week’s transactions. Continue reading →

May 19, 2010 Posted by | 2 WORLD, business and costs | , , , | Leave a comment

Conventional uranium mining threatened by lack of milling facilities

Proposed Mt. Taylor uranium mine faces new obstacle « New Mexico Independent, By Marjorie Childress 10 May 2010,”…….There is only one mill in the United States that is currently operating–the White Mesa Mill in Utah, which has its own environmental problems.The lack of milling facilities makes the resumption of widespread conventional mining problematic. Continue reading →

May 11, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Uranium One’s complicated moves as revenue falls

Uranium One posts loss on higher costs TORONTO, May 10 (Reuters) Reporting by Euan Rocha; Editing by Lisa Von Ahn, Dave Zimmerman) – Uranium One (UUU.TO) reported a first-quarter net loss on Monday, citing falling revenues and higher operating expenses………. Revenue fell 17.4 percent to $35.5 million on lower sales volumes and a lower realized uranium price…….. Continue reading →

May 11, 2010 Posted by | 2 WORLD, business and costs | , , | Leave a comment

France pretty desperate to sell nuclear technology overseas

France needs to win international contracts, given that there will be little growth at home

French report hopes to heal nuclear division By Peggy Hollinger, FT.com : May 9 2010 “…..And, just maybe, it will help to end the years of public bickering and rivalry that have divided France’s nuclear champions – Areva, EDF, 36 per cent state-owned GDF-Suez and the Atomic Energy Commission – and which threaten to damage the industry’s international competitiveness………..The report is expected to call for greater government involvement in identifying the markets it wants its nuclear companies to target……….The organisation will aim to ensure France’s political interests are served by its state-owned companies, and to provide the political and commercial resources to identify new markets and give French technology a head start……..France needs to win international contracts, given that there will be little growth at home

FT.com / Industrials – French report hopes to heal nuclear division

May 10, 2010 Posted by | business and costs, France | , , , , | Leave a comment

Disappointment on uranium mining projects

Major Volatility Is Coming To The Uranium Market , Dave Forrest Business Insider, 11 May There was a mysterious disappearance of uranium in South Australia last week….Last week’s updated resource however, showed just 4.75 million tons using the 300 ppm cutoff.Based on the findings, PepinNini and partner Sinosteel have decided to put the project on hold……This kind of disappointment on uranium projects is becoming more common. This week Aussie developer Toro Energy announced it will abandon a deal to acquire the 13.2 million-pound Napperby uranium project in the Northern Territory.Toro’s management said the numbers on Napperby just don’t pass muster.

………supply above 75,000 tonnes per year has to come from lower-quality, lower-grade deposits … We only have so many high-grade deposits on Earth.Now with uranium languishing in the $40/lb range, we’re not so sure.

May 8, 2010 Posted by | 2 WORLD, business and costs | , , | Leave a comment

Nuclear Power Plants “large white elephants” says World Bank

Nuclear power in developing countries: radioactive waste, proliferation and debt « Charles Santiago 6 May 2010,The World Bank view – NPPs are large white elephant s T he World Bank has labeled nuclear plants “large white elephants”.. Its Environmental Assessment Source Book is unambiguous about nuclear’s problems: “Nuclear plants are thus uneconomic Continue reading →

May 7, 2010 Posted by | 2 WORLD, business and costs | , , , | Leave a comment

Nuclear power a financially risky option for developing countries

Nuclear power in developing countries: radioactive waste, proliferation and debt « Charles Santiago 6 May 2010, For developing countries, nuclear power is a high cost option -environmentally, socially and economically…….
A history of failure in developing countries Continue reading →

May 7, 2010 Posted by | ASIA, business and costs | , , , , , , | Leave a comment

Worldwide nuclear energy diminishing

Another drop in nuclear generation, World Nuclear News, 05 May 2010 …Annual generation of nuclear power has continued on a slight downward trend, decreasing 2% last year to 2558 TWh, according to the latest estimates……One factor in nuclear power’s perfomance since 2007 has been the prolonged shutdown of large reactors at Kashiwazaki Kariwa in Japan following the Niigata-Chuetsu-Oki earthquake. …….Two reactors came back into service during 2009 with five still under repair.

Last year saw the shutdown of four reactors but the start-up of only two. Closures included France’s Phenix, a prototype fast reactor which produced 233 MWe, and Lithuania’s Ignalina 2 which produced 1185 MWe but has been closed early as a condition of EU entry. This was the last of the EU-motivated shutdowns that have taken away a total of 4806 MWe since 2002.

May 6, 2010 Posted by | 2 WORLD, business and costs | , , , | Leave a comment

USA nuclear industry stalled momentum, despite govt $billions,

Some States Push For New Nuclear Reactors, With Little Success | SolveClimate.com, by Dave Levitan – May 5th, 2010 “…..Stalled Momentum

Many other states do not have moratoria in place —only about 12 do—but even those that have the legal greenlight are seeing the nuclear momentum get held up recently. In Georgia, the first two reactors to be singled out for multi-billion dollar federal loan guarantees hit a bump in the road last week, when a judge ruled the certification process was illegal. Skyrocketing costs of other plants have put them on hold in the past, and environmentalists like Kraft and Metropulos think there is ample reason to simply stop trying…..

The billions of dollars potentially coming from Washington to help build nuclear reactors may be enticing, said Metropulos, but the pushback on the state level might indicate a lack of real motivation.

“Although the federal government seems to want to put out a lot of subsidies, I don’t think the people will buy it,” he said. “I think there are other ways that people will go about energy production rather than looking at nuclear.” Some States Push For New Nuclear Reactors, With Little Success | SolveClimate.com

May 6, 2010 Posted by | business and costs, USA | , , , , , , | Leave a comment

Uranium mining project in Australia abandoned due to low uranium prices

$57m uranium deal falls through in Central Australia,  ABC News (Australian Broadcasting Corporation), By Louisa Rebgetz May 4, 2010 Australian uranium producer Toro Energy has pulled out of a project in Central Australia.The company says a drop in uranium prices has made it unviable to go ahead with the Napperby uranium project, 160 kilometres north-west of Alice Springs.

$57m uranium deal falls through in Central Australia – ABC News (Australian Broadcasting Corporation)

May 6, 2010 Posted by | AUSTRALIA, business and costs | , , , , | Leave a comment

Foreign nuclear power salesmen perturbed about radiation concerns in India

Radiation death in India raises nuclear safety concerns, (Reuters) 5 May 2010, – The radiation-related death of a scrap metal worker has raised concerns over nuclear safety in India, at a time when the Asian power is wooing foreign players to its $150 billion civilian nuclear market. Continue reading →

May 5, 2010 Posted by | business and costs, India | , , , , , , , | Leave a comment

Nuclear company Entergy’s fall in profits

Entergy 1Q Profit Falls 9% As Nuclear Unit Weighs on Results  WSJ.com, DOW JONES NEWSWIRES  By Matt Jarzemsky; 30 April 2010, Entergy Corp.’s (ETR) first-quarter profit fell 9% as lower pricing for its nuclear power dragged down revenue and operating margin…… Revenue fell 1.1% to $2.76 billion while operating margin slid to 17.3% from 18.2%…..The company’s utility division profit climbed 24% while its nuclear unit, the second-biggest U.S. generator of such power behind Exelon Corp. (EXC), reported a 48% plunge in earnings as revenue fell on lower pricing. Entergy 1Q Profit Falls 9% As Nuclear Unit Weighs on Results – WSJ.com

May 1, 2010 Posted by | business and costs, USA | , , , , | Leave a comment

Comparing money for health research to money for useless plutonium weapons facilities

Keeping Fear Alive.  BuzzFlash.org, ROBERT C. KOEHLER, 29 April 2010, “…….One of the provisions of Udall’s bill would, according to the senator’s press release, “authorize $3 million for five years for epidemiological research on the impacts of uranium development on communities and families of uranium workers.”I can’t help but notice the insignificance of the dollar amount being sought for this research — or rather, I can’t help but compare it to other sums of money, diverted, without serious comment or thought, elsewhere.

For instance, the Los Alamos National Laboratory in New Mexico has already embarked on an expansion of its plutonium facilities for the construction of warhead cores, or pits. The projected cost of this project over a dozen years, according to Greg Mello of the watchdog Los Alamos Study Group, is at least $5.5 billion.”The facilities to be built are ‘modern,’ but their primary purpose is outmoded,” Mello writes.Their primary purpose is to keep America not so much “safe” as powerful, and to perpetuate an agenda that is only about power and geopolitical interests, which is retrospect always seem small and limited. Their primary purpose, damn the cost, is to keep fear alive .Keeping Fear Alive | BuzzFlash.org

April 30, 2010 Posted by | business and costs, USA | , , , , , , | Leave a comment

Moribund U.S. Nuclear Industry Depending on India’s Nuclear Liability Bill

It may also result in contracts worth US$10 billion for the moribund American nuclear industry..

India’s Nuclear Liability Bill, IntelliBriefs,  Chaitanya RaviResearch Intern,April 25, 2010 Civil Liability for Nuclear Damage Bill that is essential for American commercial nuclear firms to enter the US$150 billion Indian civil nuclear energy market has sharply polarized India’s political, legal and strategic communities. Continue reading →

April 27, 2010 Posted by | business and costs, India | , , , , | Leave a comment

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