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Future of uranium industry not so sure

“Right now, there’s a lot of speculation, but exactly how large demand will grow, no one knows.”

Two companies push Uranium mining in region By GARY HARMON/The Grand Junction Daily Sentinel December 27, 2009 Two major international suppliers of uranium, meanwhile, are out of commission temporarily and possibly permanently. The Cigar Lake Mine in Canada flooded, and the Olympic Dam Mine in Australia is out of production because of a shaft accident…………………

How quickly the uranium industry is sparked back to life will depend on a variety of factors, from the difficulty and cost of finding and milling it to demand for nuclear power. Continue reading →

December 30, 2009 Posted by | business and costs, USA | , , , | Leave a comment

Anxiety in France about nuclear industry’s future

French nuclear sector re-thinks strategy after UAE setback Sydney Morning Herald December 30, 2009 The French nuclear power sector is to re-focus its strategy, notably in Britain and the United States, after losing out to a South Korean consortium on a $US20.4 billion ($A22.99 billion) project in the United Arab Emirates……….. Continue reading →

December 30, 2009 Posted by | business and costs, France | , , , , , , | Leave a comment

India’s nuclear program in trouble about lack of insurance

All property insurance covers exclude losses due to nuclear reaction, nuclear radiation or radioactive contamination.

Irda sounds out insurers on nuclear accident cover The Economic Times 29 Dec 2009, Hema Ramakrishnan & Mayur Shetty, ET Bureau NEW DELHI|MUMBAI: A year after private nuclear plants became a possibility in India following the Indo-US nuclear deal, the insurance regulator is deliberating with companies to cover liabilities arising out of deliberating with companies to cover liabilities arising out of nuclear accidents, which is essential for such plants… Continue reading →

December 29, 2009 Posted by | business and costs, India | , , | Leave a comment

Aging nuclear power plant too costly to clean up

Potential for another meltdown? Nuclear Reaction 29 Dec 09 Debate over the future of the Vermont Yankee nuclear power plant has developed into a complex game of chicken between executives with Entergy Nuclear Vermont and Democratic leaders of the state Legislature. Entergy, which has owned the Vernon facility since 2002, says if it does not win approval for its plan to sell Vermont Yankee and five other nuclear power plants to a spin-off company called Enexus, it will likely close the Vermont nuclear plant as scheduled in 2012. Continue reading →

December 29, 2009 Posted by | business and costs, USA | , , , , , , , | Leave a comment

Russia planning lucrative uranium deals with USA

Russia sees 2010 uranium deals with U.S. utilities
 MOSCOW, Dec 25 (Reuters) by Dmitry Solovyov; Editing by Mike Nesbit– Russia’s state uranium trader Techsnabexport (Tenex) will sign next year at least three deals worth around $1 billion to supply uranium directly to U.S. utilities, Russia’s state nuclear firm Rosatom said on Friday. Continue reading →

December 26, 2009 Posted by | business and costs, Russia | , , , , , | Leave a comment

Nuclear energy – a continuing blowout in costs

Nuclear economics just don’t add up Sydney Morning Herald MICHAEL R. JAMES December 24, 2009 -“………………..the first-build of the most evolved advanced model in production, Areva’s EPR, which was supposed to be simpler, more efficient, cheaper and faster to build. In Finland’s Olkiluotu a 50 per cent blowout in costs (to $US6.4 billion so far, lawsuits pending) and doubling in construction time (from 3.5 years to at least seven years) is typical of nuclear projects over the decades. Continue reading →

December 24, 2009 Posted by | 2 WORLD, business and costs | , , , , | Leave a comment

Nuclear resurgence just not really happening

Nuclear economics just don’t add up Sydney Morning Herald MICHAEL R. JAMES December 24, 2009 -……………………..Contrary to the claims of a nuclear resurgence in Europe and the world, it is far from certain how much of Europe will actually implement their plans. Most nuclear plants under construction are in Asia, principally China (15 plants), India (six), South Korea (five) and Russia (nine). Continue reading →

December 24, 2009 Posted by | 2 WORLD, business and costs | , , | Leave a comment

USA’s nuclear energy prospects are uncertain, despit govt boost

the forthcoming loan guarantees amount to only $18.5 billion, and the nuclear industry says it needs tens of billions more.

Nuclear Power, Long Dormant, Gets Wake-Up Call

The New York Times By MATTHEW L. WALD
December 23, 2009

WASHINGTON — When experts on power grid reliability asked themselves recently how a cleaner energy future would look, seven of eight regional councils imagined how their systems would work with 10 percent wind power.

Only one, representing the southeastern United States, chose a radically different option: doubling nuclear power capacity. Continue reading →

December 24, 2009 Posted by | business and costs, USA | , , , , | Leave a comment

Spain extending nuke plants, with no radioactive waste solution

The country’s nuclear power stations no longer have room to store much more than the 6,700 tonnes of spent fuel rods they have accumulated.

Spain mulls extending nuclear plant working lives Reuters 23 Dec 09 – “……………..Although the Socialist government had recently suggested it would extend the plants’ working lives, it has also repeatedly said it will not support building new ones. Continue reading →

December 24, 2009 Posted by | business and costs, Spain | , , , , , , , , | Leave a comment

Arizona nuclear reactor closing permanently

Univ. of Ariz. plans to shut down research reactor Google News By BOB CHRISTIE (AP)22 Dec 09 The University of Arizona plans to shut down its 51-year-old nuclear reactor by mid-2010, ending a half-century of specialized nuclear research and training at the Tucson school.The writing has been on the wall for the reactor’s demise since the late 1990s, said the professor who runs the UA Nuclear Research Lab. That’s when falling demand for nuclear engineers led the university to end specialized degree programs that had fed hundreds of engineers into the nuclear Navy and private nuclear industry.The reactor’s license from the Nuclear Regulatory Commission expires next year, and with a rigorous re-licensing process, the decision was made to shut the reactor down.

December 22, 2009 Posted by | business and costs, USA | , , , , , | Leave a comment

Nuclear energy not cheap, not clean,

Greenpeace debunks nuclear benefit – “expanding global nuclear capacity would be accompanied by costs of nearly $10 trillion.” Malaysia Business Insight BY PAUL ICAMINA

NUCLEAR’S contribution in easing climate change is “too little, too late,” the anti-nuclear group Greenpeace said. Continue reading →

December 18, 2009 Posted by | 2 WORLD, business and costs, climate change | , , , , , , , | Leave a comment

India going into big debt for nuclear power program

India’s Nuclear Power Plans to Borrow $6.5 Billion By Archana Chaudhary Dec. 17 (Bloomberg) –– Nuclear Power Corp. of India, the nation’s monopoly atomic generator, plans to borrow as much as $6.5 billion to fund six new reactors. The state-run company will raise about 140 billion rupees ($3 billion) from loans and bonds to build four 700-megawatt plants, Chairman Shreyans Kumar Jain said in a phone interview from Mumbai today. It will also seek about $3.5 billion in loans for two 1,000-megawatt reactors it’s developing in Kudankulam with Russia’s Rosatom Corp., he said…… Continue reading →

December 18, 2009 Posted by | business and costs, India | , , , , | Leave a comment

Canadian uranium mill suspended indefinitely

Denison to suspend McClean uranium mill next year To put mill on “care and maintenance” TORONTO, Dec 15 (Reuters) – Denison Mines (DML.TO) said on Tuesday it will suspend the McClean Lake uranium processing mill in mid-2010, following the halting of nearby uranium projects that were destined to supply it with ore…………. The company said the mill will retain staff to maintain it and keep it ready to restart if one of the projects comes on line.

December 16, 2009 Posted by | business and costs, Canada | , , | Leave a comment

France to boost its nuke industry, seeks foreign investors

France seeks foreign cash to grow nuclear sector

PARIS, Dec 14 (Reuters) By Nina Sovich – France pledged 1 billion euros ($1.5 billion) to support next generation reactor design and said it would seek foreign capital to back its move to the forefront of nuclear energy expansion.

The investment is part of a 35 billion-euro spending plan French President Nicolas Sarkozy Sarkozy unveiled on Monday aimed at improving France’s competitiveness. ………………. The French government, which owns majority stakes in both nuclear reactor maker Areva (CEPFi.PA) and utility giant EDF (EDF.PA), is trying to position France as the market leader in designing and running these power plants…………… To fund these costs, the French government recently asked Areva to sell its electricity business for some 4 billion euros. It has also invited foreign utilities to take stakes in new plants being built in France…………………..

Last month Proglio blasted French energy companies bidding on a contract to build nuclear power plants in Abu Dhabi for its lack of coherence.

December 15, 2009 Posted by | business and costs, climate change, France | , , , , , , | Leave a comment

US firms charging India high nuclear prices

‘US, European firms quoting higher prices for nuclear equipment’ Business Standard Press Trust of India / New Delhi December  Dec 12, 2009 The government today indicated its preference for buying nuclear power equipment for the country’s atomic power projects from Russia, saying US and European companies are quoting higher prices…… Continue reading →

December 11, 2009 Posted by | business and costs, India | , | Leave a comment

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