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Flat outlook for uranium price

Half-hearted uranium price response to Olympic Dam incident

Mining Weekly By: Liezel Hill
12th December 2009

TORONTO  – The uranium spot price firmed in October, after BHP Billiton reported an accident at its Olympic Dam copper/uranium mine mine, in Australia, but has failed to find support at the higher level, Australian equity research firm Resource Capital Research (RCR) commented on Friday. Continue reading

December 11, 2009 Posted by | 2 WORLD, business and costs | , , | Leave a comment

US firms push for India to cover nuke accidents

This legislation specifies that legal jurisdiction in the event of an accident will lie within India. US nuclear firms close in on Indian market  Business Standard Ajai Shukla / New Delhi December 11, 2009, Stakes in India’s nuclear power generation programme are among the highest in the world………. Continue reading

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

Why don’t they count radioactive wastes in nuclear costing?

Christina Macpherson's websites & blogs

In today’s news we learn that the USA’s existing nuclear wastes could cost $225 billion. Of course, the government is up for these costs, not the nuclear industry.  So somehow – well, then, the pretty well eternal waste storage and security is not part of the costing for nuclear power!

That’s a pretty nice bit of sleight of hand, isn’t it?  But the non-democracies do it even better. Nobody has any idea what are the real costs of France, Russia, China’s nuclear wastes, nor who actually ends up paying for them.

December 10, 2009 Posted by | business and costs, Christina's notes | , , , , , , , , , | Leave a comment

AREVA’s money troubles: drive to sell its nuclear reactors

FOCUS: Areva Still Needs Cash Despite T&D Sale
CNN Money By Geraldine Amiel, Dow Jones Newswires 4 Dec 09 PARIS Despite selling its transmission and distribution business for EUR4.1 billion, French state-controlled nuclear engineering Areva SA ( CEI.FR) still needs billions more of funding to realize its substantial expansion program.

And to come up with the EUR7 billion or so of additional money for investment, Areva may have to sell more of its family silver, possibly as soon as 2010. “Financing remains an issue,” SGCIB’s analyst Gael de Bray said…… Continue reading

December 5, 2009 Posted by | 1, business and costs, France | , , , , , , , , , | Leave a comment

Costly power loss at nuclear plant

Turbine vibrations hold nuke plant at 65% power

SEABROOK — The Seabrook Station nuclear power plant is currently operating at only 65 percent capacity Continue reading

December 5, 2009 Posted by | 1, business and costs, USA | , , | Leave a comment

Nuclear energy heading for a shutdown?

Is nuclear energy heading for a Golden Age or a shutdown? Earth Times 30 Nov 2009 “…..incidents at France’s nuclear power stations are increasing, and the industry is currently going through a bad patch, just as it appeared poised to enter a Golden Age. Continue reading

December 3, 2009 Posted by | 1, business and costs, France | , , , , , , , , , | Leave a comment

Doomed Dubai seeking nuclear power plant

Dubai: Trouble in Paradise Socialist Workers Party  1 Dec 09 Dubai’s debts amounted to €80 billion – not the same scale of Lehman’s Brothers $613 billion crash – but serious enough to scare the markets. Continue reading

December 1, 2009 Posted by | 1, business and costs, MIDDLE EAST | , , , | Leave a comment

UK’s new nuclear plants – future indefinite

New UK nuclear stations unlikely to be on time

BBC Newsnight 25 Nov 09 By Meirion Jones A Newsnight investigation suggests that UK government plans to build a new generation of nuclear power stations to fill the energy gap by 2020 are wildly optimistic. Continue reading

November 28, 2009 Posted by | 1, business and costs, UK | , , , , , | Leave a comment

New book on nuclear economics

NUCLEAR ENERGY IS SIMPLY COUNTERPRODUCTIVE (& NEW ENERGY IS THE BEST BUY) New Energy News 25 Nov 09 Generating Failure; How Building Nuclear Power Plants Would Set America Back in the Race Against Global WarmingTravis Madsen, Tony Dutzik, Bernadette Del Chiaro and Rob Sargent, November 2009 (Environment Maryland Research & Policy Center)

SUMMARY Expert evidence continues to accrue relegating nuclear energy to the category of “yesterday’s answer.” There is a move afoot in Congress to dramatically up spending for new nuclear energy projects. Bad idea. Look at the evidence. Don’t do it………………………

NewEnergyNews: NUCLEAR ENERGY IS SIMPLY COUNTERPRODUCTIVE (& NEW ENERGY IS THE BEST BUY)

November 25, 2009 Posted by | 1, 2 WORLD, business and costs | , , , | Leave a comment

Taxpayer to take the risk of nuclear plants

Protecting Georgians from Unfair Costs for New Reactors November 24th, 2009 › Clean Energy › Sara Barczak “……………..Historical Boondoggles
In the 1970s and 80s the utility industry made a huge financial mess when they built nuclear reactors. There were construction delays and huge cost overruns; many projects were canceled after spending billions of dollars. Continue reading

November 25, 2009 Posted by | 1, business and costs, USA | , , , , | Leave a comment

Nuclear fallout of the financial kind

CPS Energy board members dealing with nuclear fallout

KENS 5.com San Antomio by Joe Conger

November 24, 2009

 

It’s supposed to be the cheapest fuel, but oh, what a price.

Some heads may be on the chopping block at CPS Energy, and the future of additional nuclear power for San Antonio is in jeopardy. Continue reading

November 24, 2009 Posted by | 1, business and costs, USA | , , , | Leave a comment

Nuclear power plant tender canceled

Turkey scraps nuclear power plant tender Google News (AFP) – 21 Nov 09 ANKARA Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country’s first nuclear power plant — Continue reading

November 20, 2009 Posted by | 1, business and costs, MIDDLE EAST | , , | Leave a comment

Why Australia won’t get nuclear power

Peak Energy: Crikey’s Bernard Keane has the next installment of his series on why nuclear power is unlikely to be seen in Australia – 20 Nov 09
To those who say “beaudy nuke”: why should taxpayers suffer? What would it cost Australia to go nuclear? Good question. Excellent question, in fact, because no one really knows. Continue reading

November 20, 2009 Posted by | 1, business and costs | , , , , , | Leave a comment

New uranium mines stalling with low uranium prices

Uranium too low to incentivise new mines – Uranium One

Mining Weekly By: Liezel Hill
17th November 2009

 

November 18, 2009 Posted by | 1, 2 WORLD, business and costs | , , , | Leave a comment

Should taxpayers bail out failing nuclear industry?

Nuclear companies face reactor design problems, ethics questions   FACING SOUTH (USA) 16 Nov 09 Federal regulators have expressed serious safety concerns about the design for 14 of the nation’s 25 proposed new nuclear reactors, Continue reading

November 16, 2009 Posted by | 1, business and costs, USA | , , , , , | Leave a comment