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Doom and gloom now permanent for the uranium industry

We are heading for a uranium crisis , Investor Intel,  June 2, 2014 by “……Welcome to the “perma-gloom” with spot uranium now at $28.25/lb. But it really does portend a very troubling situation. We could be on the brink of a real uranium crisis, one that could have serious ramifications down the road. This is because, on top of all the doubts about nuclear post-Fukushima and the slowness of Japan to get reactors back on line, uranium is caught up in the general malaise affecting the mining industry ……….the uranium price has fallen by 30% over the past year. If it keeps falling, and it well might, more and more companies will either go into hibernation mode or quit the sector all together ……..

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A surer sign that all is not well can be evidenced from an ominous trend — exploration companies quitting the sector. Others are making cuts: Cameco closed its Cheyenne office, while BHP Billiton has deferred its expansion at the world’s biggest uranium deposit, Olympic Dam in South Australia. Australia’s Paladin Energy (ASX:PDN) has put one of its mines, Kayelekera in Malawi, on care and maintenance.

Back in 2007-8, after spot uranium hit $137/lb, this was the place to be. Suddenly every mining explorer was keen to be in the uranium hunt. At one stage, more than 260 companies listed on the Australian Securities claimed to have uranium projects (many of them in what the Canadian miners call “moose pasture”).

Now, it seems, those small number remaining can’t wait to get out. FYI Resources (ASX:FYI), which got into uranium after quitting the eye care business (it’s previous name was Freedom Eye) in 2009, is now concentrating on potash in Thailand. Uranex (ASX:UNX)  is staying in Tanzania, but has put its uranium on the back-burner in order to pursue graphite.

But possibly the most startling change was reported today. Junior United Uranium (ASX:UUL) which has six projects in Western Australia [and A$3.41 million in the bank as at March 31] is getting out of uranium and into — wait for it — property development.You can’t exactly blame the directors. The shares are trading at a discount to the company assets (the market capitalisation being just A$2 million), all its projects are early-stage ones that will require considerable sums to explore and may not turn out to be viable, no one is investing in the sector, the uranium price is depressed as is the resource sector generally.

Just two weeks ago another uranium explorer working in Western Australia, Prime Minerals (ASX:PIM), signalled it was changing direction. It is merging with Cocoon Data Holdings which has data security software. The news lifted Prime’s stock from A0.9c to A2.2c.

Back in 2007, announcing you were getting into uranium could see your stock price double. Now announcing you’re switching focus away from uranium does the trick. This is not a good trend. http://investor

June 3, 2014 Posted by | 2 WORLD, business and costs, Reference, Uranium | Leave a comment

US tax-payer is propping up the uranium industry

THE GOVERNMENT IS PROPPING UP THE URANIUM INDUSTRY AND WE’RE PAYING FOR IT http://www.esquire.com/blogs/politics/white-mesa-uranium-mill-lawsuit-053014 The Department of Energy is promoting uranium mining at places like the White Mesa Mill and is tasked with the pricey cleanup. By Leslie Macmillan on May 30, 2014

The Grand Canyon Trust, an environmental group, has sued the operator of America’s last conventional uranium processing mill, saying its vast piles of spent ore and radioactive waste emit dangerous levels of radon and other toxins that violate the Clean Air Act.

The group and other critics of the White Mesa Mill near Blanding, Utah say it is a poorly disguised nuclear waste dump that would have gone out of business long ago were it not propped up by a lucrative federal contracts.

graph-down-uraniumThe uranium market has declined in the wake of the Fukushima meltdown. To stay alive in a depressed market, Energy Fuels Resources, the mill’s operator, recycles mine tailings and radioactive waste — known as “alternate feed” — from Superfund sites around the country. The mill extracts any remnants of uranium from the waste then sells the concentrated, purified uranium, called yellowcake, to its customers, some of which are government-owned utilities obligated to buy White Mesa yellowcake at prices far higher than the $35 a pound it is currently fetching on the spot market. The leftover waste, a toxic stew of industrial chemicals, is stored in open pits called impoundments.

Energy Fuels spokesperson Curtis Moore said the issues raised in the lawsuit “are either inaccurate or have already been addressed through the proper regulatory channels.”

Taylor McKinnon of the Grand Canyon Trust says he hopes the lawsuit will “rip the mill from the rat’s nest of bureaucrats who have been protecting the status quo.”

The mill, he and other critics contend that uranium mining, milling and cleanup has become a virtual cottage industry — one orchestrated largely by the federal government.

During the Cold War period of 1940s through the 1980s, uranium was mined extensively in the Colorado Plateau to supply critical materials for the nation’s nuclear weapons program. The U.S. Department of Energy manages the nation’s surplus uranium and much of the cleanup of old processing mills.

Travis Stills, an energy and conservation law attorney, argues that the DOE’s mandate to “provide a domestic supply of uranium” is outdated and wreaks havoc on environmental and human health. He also says it’s unnecessary. The DOE already owns a uranium stockpile worth $7 to $8 billion.

The DOE doesn’t want to sell off the stockpile, Stills argues, because that would drive uranium prices down. Instead, the government artificially inflates prices to keep the industry going, he says.

Energy Fuels also operates several mines at the Grand Canyon, despite the federal ban on uranium mining there, because it possesses old mining claims that were “grandfathered in.” The company said in December it planned to shutter its Pinenut Mine there as well as the White Mesa Mill in 2014 and potentially reopen them in 2015. It reversed that decision last month and announced it would continue mining, but stockpile the ore pending better market conditions.

Cleaning up uranium is not cheap. The DOE is spending a billion dollars to dispose of tailings at an enormous site near Moab — a cost “born by the taxpayer,” the Trust’s lawsuit points out. On the Navajo reservation alone, there are 500 abandoned uranium mines. The EPA estimates the cleanup cost would be in the hundreds of millions. An $18 million bond has been posted for cleaning up White Mesa Mill when it stops processing uranium — not nearly enough, Stills argues. He says the federal government — and the taxpayer — will be left holding the bag for that cleanup too.

Indeed, the DOE is slated to inherit White Mesa Mill for cleanup. Stills says that the department’s mission, to at once promote uranium mining and oversee its cleanup, is contradictory but that it keeps the agency employed. “It’s bureaucratic make-work,” he says. “As long as they keep making a mess, they’ll need to keep cleaning it up.”

June 2, 2014 Posted by | business and costs, politics, Uranium, USA | Leave a comment

Largest environmental settlement ever to clean up South Dakota uranium mine

justiceFlag-USASettlement gives $179 million to clean up abandoned uranium mine in Harding County, Rapid City Journal, 1 June 14 Used in the early years of America’s thirst for nuclear fuel, the Riley Pass uranium mine in Harding County was one of hundreds of sites mined to provide fuel for nuclear weapons and reactors.

Companies strip-mined the site, which sprawls across 250 acres of bluffs and other land in the North Cave Hills, about five miles east of the town of Ludlow about 130 miles northwest of Rapid City. In those days, there were no regulations forcing companies to clean up old mines.

“Back in the Cold War era, there was almost sort of a gold rush going on up there for uranium,” said Dan Seifert, a project coordinator for the Riley Pass mine with Custer National Forest.

But for the past 50 years, the mining site has been abandoned, and waste products known as spoils have sat exposed to the wind and rain. That allowed toxic metals and elements like arsenic, uranium, radium and thorium vulnerable to be carried away by the weather.

Now, a tangled series of court proceedings has resulted in a $179 million plan to clean up the majority of the mine site. That money is part of a settlement, announced last month by the U.S. Department of Justice and approved by a judge last week, required Anadarko Petroleum Corp. to pay a $5.15 billion settlement of fraud claims from a 2006 acquisition of Kerr-McGee. Continue reading

June 2, 2014 Posted by | Legal, Uranium, USA | 1 Comment

Countering the misinformation promoting Thorium Nuclear Reactors

Thorium Nuclear Information Resources  http://kevinmeyerson.wordpress.com/2012/04/26/thorium-nuclear-information-resources/    There is a rash of misinformation on the net about the supposed merits of the ‘new’ nuclear energy source on the block, thorium. I am sure that in a perfect world where nobody lies, thorium would be the perfect answer to the world’s energy needs as is claimed. This is unfortunately not the case.

Apparently, every time there is a new nuclear catastrophe, the thorium ‘miracle’ is promoted again as the ‘savior’ for the world. The Fukushima nuclear radiation catastrophe was not unique and the thorium misinformation artists have come out in droves. It’s the nuclear industry’s defense mechanism – create a new ‘safety myth’ that regular people can latch onto.

In reality, the thorium nuclear fuel cycle has been under development since the very early days of the nuclear industry. India, for example, has spent decades trying to commercialize it, and has failed. The US, Russia, Germany, and many others tried and failed as well. At best, thorium based nuclear power generation may be commercialized in a few decades.

I doubt it.

Fortunately, there are a number of independent trustworthy and expert sources of information on the internet regarding thorium nuclear. Here they are: Continue reading

June 1, 2014 Posted by | Reference, technology, Uranium | 1 Comment

Unpalatable price facts hit Wyoming’s uranium industry

fearWyoming mines affected by low uranium prices Houston Chronicle, May 29, 2014  CASPER, Wyo. (AP) — Some uranium producers in Wyoming say they’re being affected by weak demand that has caused prices for the nuclear fuel to slip to their lowest level in eight years.

Spot prices for yellowcake are down to $28 per pound. That’s as low as they’ve been since 2006 and down from $75 per pound in 2011………

the current situation is that we have oversupply due to excess inventories,” said Rob Chang, an industry analyst at the New York-based investment firm Cantor Fitzgerald.

Wyoming is among the top uranium-producing states. Wyoming’s uranium mines employ a process of dissolving uranium out of underground deposits and then pumping the ore-containing solution to the surface through wells.

Uranium One has stopped drilling new uranium wells and laid off eight employees since last year, said Donna Wichers, Uranium One vice president for the Americas.

“At $28 a pound you can imagine what that is doing to us,” Wichers said……..http://www.houstonchronicle.com/business/energy/article/Wyoming-mines-affected-by-low-uranium-prices-5514120.php

May 30, 2014 Posted by | business and costs, Uranium, USA | Leave a comment

The dismal history of USA’s failed thorium nuclear experiment

Thorium-dreamThorium: the wonder fuel that wasn’t http://thebulletin.org/thorium-wonder-fuel-wasnt7156 Robert Alvarez May 2014, Thorium-Fueled Automobile Engine Needs Refueling Once a Century,” reads the headline of an October 2013 story in an online trade publication. This fantastic promise is just one part of a modern boomlet in enthusiasm about the energy potential of thorium, a radioactive element that is far more abundant than uranium. Thorium promoters consistently extol its supposed advantages over uranium. News outlets periodically foresee the possibility of “a cheaper, more efficient, and safer form of nuclear power that produces less nuclear waste than today’s uranium-based technology.” 

Actually, though, the United States has tried to develop thorium as an energy source for some 50 years and is still struggling to deal with the legacy of those attempts. In addition to the billions of dollars it spent, mostly fruitlessly, to develop thorium fuels, the US government will have to spend billions more, at numerous federal nuclear sites, to deal with the wastes produced by those efforts. And America’s energy-from-thorium quest now faces an ignominious conclusion: The US Energy Department appears to have lost track of 96 kilograms of uranium 233, a fissile material made from thorium that can be fashioned into a bomb, and is battling the state of Nevada over the proposed dumping of nearly a ton of left-over fissile materials in a government landfill, in apparent violation of international standards.

Early thorium optimism. The energy potential of the element thorium was discovered in 1940 at the University of California at Berkeley, during the very early days of the US nuclear weapons program. Although thorium atoms do not split, researchers found that they will absorb neutrons when irradiated. After that a small fraction of the thorium then transmutes into a fissionable material—uranium 233—that does undergo fission and can therefore be used in a reactor or bomb.

By the early 1960’s, the US Atomic Energy Commission (AEC) had established a major thorium fuel research and development program, spurring utilities to build thorium-fueled reactors. Back then, the AEC was projecting that some 1,000 nuclear power reactors would dot the American landscape by the end of the 20th century, with a similar nuclear capacity abroad. As a result, the official reasoning held, world uranium supplies would be rapidly exhausted, and reactors that ran on the more-plentiful thorium would be needed.

With the strong endorsement of a congressionally created body, the Joint Committee on Atomic Energy, the United States began a major effort in the early 1960s to fund a two-track research and development effort for a new generation of reactors that would make any uranium shortage irrelevant by producing more fissile material fuel than they consumed.

The first track was development of plutonium-fueled “breeder” reactors, which held the promise of producing electricity and 30 percent more fuel than they consumed. This effort collapsed in the United States in the early 1980’s because of cost and proliferation concerns and technological problems.  (The plutonium “fast” reactor program has been able to stay alive and still receives hefty sums as part of the Energy Department’s nuclear research and development portfolio.)

The second track—now largely forgotten—was based on thorium-fueled reactors. This option was attractive because thorium is far more abundant than uranium and holds the potential for producing an even larger amount of uranium 233 in reactors designed specifically for that purpose. In pursuing this track, the government produced a large amount of uranium 233, mainly at weapons production reactors. Approximately two tons of uranium 233 was produced, at an estimated total cost of $5.5 to $11 billion (2012 dollars), including associated cleanup costs.

The federal government established research and development projects to demonstrate the viability of uranium 233 breeder reactors in Minnesota, Tennessee, and Pennsylvania. By 1977, however, the government abandoned pursuit of the thorium fuel cycle in favor of plutonium-fueled breeders, leading to dissent in the ranks of the AEC. Alvin Weinberg, the long-time director of the Oak Ridge National Laboratory, was, in large part, fired because of his support of thorium over plutonium fuel.

By the late 1980’s, after several failed attempts to use it commercially, the US nuclear power industry also walked away from thorium. The first commercial nuclear plant to use thorium was Indian Point Unit I, a pressurized water reactor near New York City that began operation in 1962. Attempts to recover uranium 233 from its irradiated thorium fuel were described, however, as a “financial disaster.” The last serious attempt to use thorium in a commercial reactor was at the Fort St. Vrain plant in Colorado, which closed in 1989 after 10 years and hundreds of equipment failures, leaks, and fuel failures. There were four failed commercial thorium ventures; prior agreement makes the US government responsible for their wastes.

Where is the missing uranium 233? As it turned out, of course, the Atomic Energy Commission’s prediction of future nuclear capacity was off by an order of magnitude—the US nuclear fleet topped out at about 100, rather than 1,000 reactors—and the predicted uranium shortage never occurred. America’s experience with thorium fuels faded from public memory until 1996. Then, an Energy Department safety investigation found a national repository for uranium 233 in a building constructed in 1943 at the Oak Ridge National Laboratory. The repository was in dreadful condition; investigators reported an environmental release from a large fraction of the 1,100 containers “could be expected to occur within the next five years in that some of the packages are approaching 30 years of age and have not been regularly inspected.” TheEnergy Department later concluded that the building had “deteriorated beyond cost-effective repair. Significant annual costs would be incurred to satisfy current DOE storage standards, and to provide continued protection against potential nuclear criticality accidents or theft of the material.”

The neglect extended beyond the repository and storage containers; the government had also failed to keep proper track of its stores of uranium 233, officially classified as a Category I strategic special nuclear material that requires stringent security measures to prevent “an unauthorized opportunity to initiate or credibly threaten to initiate a nuclear dispersal or detonation.”

A 1996 audit by the Energy Department’s inspector general reported that the Oak Ridge National Laboratory, the Rocky Flats nuclear weapons facility, and the Idaho National Laboratory “had not performed all required physical inventories ..the longer complete physical inventories are delayed, the greater the risk that unauthorized movement of special nuclear materials could occur and go undetected.” The amounts of uranium 233 that the Oak Ridge and Idaho national labs have reported in their inventories has significantly varied. Based on a review of Energy Department data, there appears to be  an inventory discrepancy; 96 kilograms or 6 percent of the U-233 produced is not accounted for. The Energy Department has yet to address this discrepancy, which difference is enough to fuel at least a dozen nuclear weapons.

Uranium 233 compares favorably to plutonium in terms of weaponization; a critical mass of that isotope of uranium—about 6 kilograms, in its metal form—is about the same weight as a plutonium critical mass. Unlike plutonium, however, uranium 233 does not need implosion engineering to be used in a bomb. In fact, the US government produced uranium 233 in small quantities for weapons, and weapons designers conducted several nuclear weapons tests between 1955 and 1968 using uranium 233. Interest was renewed in the mid-1960s, but uranium 233 never gained wide use as a weapons material in the US military because of its high cost, associated with the radiation protection required to protect personnel from uranium 232, a highly radioactive contaminant co-produced with uranium 233.

For a terrorist, however, uranium 233 is a tempting theft target; it does not require advanced shaping and implosion technology to be fashioned into a workable nuclear device. The Energy Department recognizes this characteristic and requires any amount of more than two kilograms of uranium 233 to be maintained under its most stringent safeguards, to prevent “onsite assembly of an improvised nuclear device.” As for the claim that radiation levels from uranium 232 make uranium 233 proliferation resistant, Oak Ridge researchers note that “if a diverter was motivated by foreign nationalistic purposes, personnel exposure would be of no concern since exposure … would not result in immediate death.”

The end of an unfortunate era. After its 1996 safety investigation at the Oak Ridge National Laboratory, the Energy Department spent millions to repackage about 450 kilograms of uranium 233 that is mixed with uranium 235 and sitting in the lab’s Building 3019, and to dispose of diluted uranium 233 fuel stored at the Idaho National Lab. The Energy Department’s nuclear weapons program managed to shift responsibility for the stockpile in Building 3019 from Oak Ridge to the Office of Nuclear Energy, which envisioned using the uranium 233 to make medical isotopes. This plan fell apart, and in 2005 Congress ordered the Energy Department to dispose of the uranium 233 stockpile as waste.

Since then, the Energy Department’s Office of Environmental Management has considered uranium 233 disposal to be an unfunded mandate, disconnected from other, higher-priority environmental cleanup compliance agreements. After several fits and starts, including a turnover of four project managers in less than two years, the Energy Department’s disposition project “had encountered a number of design delays, may exceed original cost estimates, and will likely not meet completion milestones,” the department’s inspector general reported in 2010. The cost of the project increased from $384 million to $473 million—or more than $1 million per kilogram for the disposal of uranium 233.

In an effort to reduce costs, the Energy Department developed a plan to ship nearly 75 percent of the fissile materials in Building 3019, as is, to a landfill at the Nevada Nuclear Security Site by the end of 2014. Because such disposal would violate the agency’s formal safeguards and radioactive waste disposal requirements, the Energy Department changed those rules, which it can do without public notification or comment.  Never before has the agency or its predecessors taken steps to deliberately dump a large amount of highly concentrated fissile material in a landfill, an action that violates international standards and norms.

In June 2013, Nevada Gov. Brian Sandoval and members of the state’s congressional delegation announced their opposition to the landfill disposition planEnergy Secretary Ernest Moniz visited with Sandoval but did not back down from the landfill plan.  Even though the Oak Ridge material in its current form meets the legal definition for radioactive waste requiring geologic disposal, the Energy Department has taken the position that the sweeping authority granted to it under the Atomic Energy Act allows the department to dispose of the fissile material however it pleases, regardless of the state’s objection.

The United States has spent nearly $10 billion to discourage practices like landfill dumping of fissile materials in the former Soviet Union, only to have the Energy Department try it at home. Heedless of the discrepancy between overseas and domestic disposal policies, the department’s agenda—which focuses on saving money on guards who would be needed to secure the uranium 233—is placing the United States in an impossible position when it comes to criticizing the nuclear materials security of other countries. So ends America’s official experience with thorium, the wonder fuel.

 

May 26, 2014 Posted by | Reference, Uranium, USA, wastes | 2 Comments

Iran has sharply reduced enriched uranium – IAEA report

diplomacy-not-bombsflag-IranIAEA Confirms: Iran Sharply Reducing Uranium Stockpile http://news.antiwar.com/2014/05/23/iaea-confirms-iran-sharply-reducing-uranium-stockpile/  20 Percent Enriched Uranium Almost Used Up by Jason Ditz, May 23, 2014 Many of the contents of the IAEA report on Iran were already leaked the day before it came out, and the good news of Iran abiding by the P5+1 interim nuclear deal was as expected. There’s more to the report, however. One of the biggest pieces of data in the report shows Iran’s stockpile of 20 percent enriched uranium, the highest level they made, has sharply fallen as the nation continues to convert it into fuel for the Tehran Research Reactor.

Though 20 percent is far short of the level needed for nuclear weapons, it was repeatedly pushed by the US as a “threat,” and Iran stopped enriching at that level at the start of the nuclear deal. Only about 40 kg are left to be converted to fuel rods, a trivial amount. The Tehran Research Reactor, built by the US in 1967, provides materially all of the medical isotopes in Iran. The aging facility will eventually be replaced with a modern one using unenriched uranium, but in the meantime Iran has created what seems to be all of the fuel rods it can use for the conceivable lifespan of the facility.

Iran is now only enriching to 3.5 percent, the level used in the Bushehr Power Plant. Iran is in talks with Russia to build more power plants in the nation, with a deal for as many as 8 reported to be close.

May 26, 2014 Posted by | Iran, politics international, Uranium | 1 Comment

Uranium – the ever losing investment

fearuranium-oreNot Even Godzilla Can Save This Uranium Stock Motley Fool B Rich Duprey 26 May 14   If Godzilla remains a cautionary tale about the perils of nuclear power, miner Cameco (NYSE:CCJ  ) may be one for investing in the uranium industry. Its decision to withdraw its application to build and operate its Millennium underground uranium mine in Saskatchewan because of poor economic conditions in the uranium market shows that betting on an industry pure play remains a risky venture.

Investors counted on a convergence of factors to power up the uranium market and put down the critics, including:

  • Japan reversing its ban on nuclear power following the Fukushima reactor meltdown.
  • The hope that Germany would revisit its phase out of nuclear power by 2021, as coal remains a dirty word.
  • Russian hegemony in the Ukraine creating instability in the gas market.
  • The completion last year of the U.S. and Russia’s “megatons to megawatts” program that converted old nuclear warheads into fuel for reactors, effectively removing a large supply from the market.

Shares of uranium stocks enjoyed a run-up late last year on the belief that 2014 would jump-start a recovery. Between mid-October and mid-March, Cameco saw its shares appreciate some 50% in value.,,,,,,,,,,,

Yet, the promise of substantial gains didn’t hold up as uranium pricing continued to fall.

Japan, after all, has delayed restarting its nuclear reactors. Germany hasn’t made any movement to reverse its policies, and the uranium supply glut remains in place. Uranium prices hit eight-year lows, sliding to $29 a pound at the start of May, or levels not seen since 2005. They’re down 16% so far in 2014 alone. …..http://www.fool.com/investing/general/2014/05/24/not-even-godzilla-can-save-this-uranium-stock.aspx

May 26, 2014 Posted by | Canada, Uranium | 1 Comment

Better cut supply of uranium, as price drops below production costs

fearuranium-oreUranium supply cuts needed as spot price continues to tumble,Financial Post, Peter Koven | May 21, 2014 |Last week was another bad one in the uranium market, as the spot price dropped yet another dollar to US$28 a pound, the lowest level since 2005. By comparison, the price was US$66.50 prior to the Fukushima disaster in 2011, and topped out at more than US$135 in 2007.

Uranium miners maintain they are optimistic about prices in the coming years, as demand is expected to increase and outstrip supply. But that doesn’t help anyone in the short term, while Fukushima still looms large over the market. Scotiabank analyst Ben Isaacson said demand upside is “unlikely to stabilize” the uranium market this year, even with some Japanese reactor restarts, an acceleration of reactor starts in China and inventory building.

Instead, he said there has to be a response on the supply side, both from existing and planned mines.

“The challenge will be to figure out when/where the next supply cuts will come from,” he said in a note.

Mr. Isaacson noted that a lot of global production is inelastic to price moves, either because it is low cost, locked into contracts or politically important. He did not speculate on where the cuts will come from.

Another complication is that uranium enrichment capacity continues to expand globally. He said a glut of enriched supply could cause marginal demand for uranium to slow down…….http://business.financialpost.com/2014/05/21/uranium-supply-cuts-needed-as-spot-price-continues-to-tumble/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+%28Financial+Post+-+Top+Stories%29

May 22, 2014 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

Poverty-stricken African nations exploited by mining companies, especially Australian uranium miners

THE SCRAMBLE FOR URANIUM IN AFRICA http://www.phantomreport.com/the-scramble-for-uranium-in-africa 19 May 14, Africa’s resources are extracted by outsiders, with benefits only reaching the involved non-African mining companies and non-African end-users of the commodity. Africa is the next frontier to meet energy needs. Oil and gas are being exploited as never before, exacerbating conflict in Darfur and Nigeria, social inequality in Angola, and environmental damage in Chad.

At the same time, renewed demand for uranium is being explored on the continent more than at any other time in history.

Yet the continent’s huge potential for renewable energy is not fully being realised. The government of Malawi granted a uranium mining licence to an Australian uranium mining company without having any legislation on the mining, handling and transportation of radioactive materials. Malawi is now home to twelve potential uranium mines.

In Niger mining companies from Australia, Canada, France and other parts of the world are scrambling for licences to explore uranium in a country which is already the world’s sixth producer of uranium. In the Central African Republic (CAR) there is a scramble amongst Chinese, American and French companies which are all interested in mining the Bakouma region.

In Tanzania the Australian Omega Corp obtained the Mkuju River concessions through its subsidiary, Mantra Resources. Other Australian juniors are represented in Tanzania, including Sabre Resources, Goldstream Mining, Uranex and Deep Yellow.

In Zambia, the Australian Energy Ventures through its subsidiary Africa Energy Resources started drilling the Kariba Valley in May 2008. Another Australian enterprise, Albion Ltd,, is also undertaking exploration.

In Nigeria, representatives of the South Korean Institute for Geoscience and Mineral Resources visited Nigeria in late 2005 to discuss exploration and co-operation. In Namibia uranium has been mined since 1976 at Rössing, which has the world’s largest open cast excavation. Closure has been staved off by the rise in the price of uranium. A second Australian-owned mine, Langer Heinrich, has come into operation inside the fragile Namib-Naukluft National Park and run by the same company which has invested in uranium at Kayelekera in Malawi. Other mines are scheduled to come on stream in the near future, at Venecia and Trekkopje, and exploration continues in a dozen other areas. Recently a moratorium has been placed on granting further exploration licences. Uranium is found in arid areas where water and energy are scarce. Namibia is also considering nuclear energy, and already has overtures from Russia and South Africa to offer reactors. Read More at Wise International

May 20, 2014 Posted by | AFRICA, AUSTRALIA, politics international, Uranium | Leave a comment

Bad omens for uranium mining expansion

BDave Forest | Mon, 19 May 2014 Uranium prices took another slump the last several weeks. Spot prices for uranium oxide have now fallen below $30 per pound for the first time since 2005. Even long-term prices sagged, falling below $50–to a current $45 per pound.

That’s stopped the wave of optimism that had been running through uranium stocks earlier this year. 

  Cameco..told regulators in Canada that it is shelving one of its biggest development projects in the uranium-rich province of Saskatchewan.The Canadian Nuclear Safety Commission (CNSC) said in a press release Friday that Cameco is not proceeding with permitting for the company’s Millennium project. The up-and-coming mine had been scheduled for public hearings in June, to consider the grant of a 10-year operating license.

……… Cameco is concerned about low uranium prices. And how they will affect the potential economics of a start-up at Millennium.The company has now reportedly withdrawn its application to construct and operate the mine………

Simply put, Millennium was one of the world’s premier uranium development projects. Hosting an indicated mineral resource of 46.8 million pounds uranium oxide–grading a league-leading 4.53% U3O8. The proposed mine here would have been one of the world’s largest producers. Slated to put out up to 7 million pounds of uranium oxide yearly.

But all of that supply is now lost to the market. Just another sign that current prices are too low to support much of the existing uranium mining industry. Let alone necessary expansion projects.

This is not a sustainable situation. With supply also falling in major producing centre like Kazakhstan and Africa, something will have to give…..http://oilprice.com/Finance/investing-and-trading-reports/This-Is-A-Major-Loss-For-Uranium-Supply.html

May 20, 2014 Posted by | business and costs, Uranium | 1 Comment

No go for Cameco’s Saskatchewan uranium mine plan, as prices plummet

Poor markets put Saskatchewan uranium mine plan on hold  Global News, By Staff  The Canadian Press SASKATOON 18 May 14 – Cameco Corporation (TSX:CCO) has withdrawn its application to build and operate a new underground uranium mine in northern Saskatchewan.

The mining company says in a statement on its website that it has also asked the Canadian Nuclear Safety Commission to postpone a hearing scheduled next month into a licence application for the Millennium Mine project.

Cameco cites poor economic conditions in world uranium markets…..http://globalnews.ca/news/1338415/poor-markets-put-saskatchewan-uranium-mine-plan-on-hold/

May 19, 2014 Posted by | business and costs, Canada, Uranium | Leave a comment

Thorium nuclear fuel. They make out that it’s safe. But it’s not

Thorium-dreamIs the “Superfuel” Thorium Riskier Than We Thought? A new study in Nature says that using thorium as a nuclear fuel has a higher risk for proliferation into weapons than scientists had believed. Popular Mechanics 16 May 14, By Phil McKenna   Imagine a cheap, plentiful source of energy that could provide safe, emissions-free power for hundreds of years without refueling and without any risk of nuclear proliferation. The fuel is thorium, and it has been trumpeted by proponents as a “superfuel” that eludes many of the pitfalls of today’s nuclear energy. But now, as a number of countries including China, India, and the United States explore the potential use of thorium for nuclear power, researchers say one of the biggest claims made about the fuel—its proliferation resistance—doesn’t add up.

“It may not be as resistant as touted and in some cases the risk of proliferation may be worse than other fuels,” says Stephen Ashley of the University of Cambridge. In an article published in the journal Nature online today, Ashley and his colleagueshighlight the potential dangers of thorium fuel. When thorium is irradiated, or exposed to radiation to prepare it for use as a fuel in nuclear reactions, the process forms small amounts of uranium-232. That highly radioactive isotope makes any handling of the fuel outside of a large reactor or reprocessing facility incredibly dangerous. The lethal gamma rays uranium-232 emits make any would-be bomb-maker think twice before trying to steal thorium.

But Ashley and his co-authors say a simple tweak in the thorium irradiation recipe can sidestep the radioactive isotope’s formation. If an element known as protactinium-233 is extracted from thorium early in the irradiation process, no uranium-232 will form. Instead, the separated protactinium-233 will decay into high purity uranium-233, which can be used in nuclear weapons.

“Eight kilograms of uranium-233 can be used for a nuclear weapon,” Ashley says. “The International Atomic Energy Agency views it the same as plutonium in terms of proliferation risk.” Creating weapons-grade uranium in this way would require someone to have access to a nuclear reactor during the irradiation of thorium fuel, so it’s not likely a terrorist group would be able to carry out the conversion. The bigger threat is that a country pursuing nuclear energy and nuclear weapons (say, Iran) could make both from thorium. “This technology could have a dual civilian and military use,” Ashley says.  …..

Thierry Dujardin, deputy director for science and development of the Organisation for Economic Co-operation and Development’sNuclear Energy Agency takes a middle of the road approach to concerns over proliferation with thorium. “It’s probably as wrong to claim there is no proliferation concern as to say it’s worse than other fuels,” Dujardin says. ……. for cost reasons alone, Dujardin says it may be better to continue developing next-generation reactor designs using existing uranium fuel technology. ….”The difference in the state of development of thorium versus other sources of fuel is so vast and the cost of developing the technology is so high, it’s really questionable today whether it’s worthwhile to spend a lot of money on the development of thorium.”

May 17, 2014 Posted by | Reference, Uranium | Leave a comment

Depleted uranium pollution of Hawaii by Pentagon’s dirty bombing

depleted-uraniumThe Pentagon’s Dirty Bombers: Depleted Uranium in the USA, Aletho News By David Lindorff – 10/26/2009 The Nuclear Regulator Commission is considering an application by the US Army for a permit to have depleted uranium at its Pohakuloa Training Area, a vast stretch of flat land in what’s called the “saddle” between the sacred mountains of Mauna Loa and Mauna Kea on Hawaii’s Big Island, and at the Schofield Barracks on the island of Oahu. In fact, what the Army is asking for is a permit to leave in place the DU left over from years of test firing of M101 mortar “spotting rounds,” that each contained close to half a pound of depleted uranium (DU). The Army, which originally denied that any DU weapons had been used at either location, now says that as many as 2000 rounds of M101 DU mortars might have been fired at Pohakuloa alone.

But that’s only a small part of the story.

The Army is actually seeking a master permit from the NRC to cover all the sites where it has fired DU weapons, including penetrator shells that, unlike the M101, are designed to hit targets and burn on impact, turning the DU in the warhead into a fine dust of uranium oxide. Hearings on this proposal were held in Hawaii on Aug. 26 and 27.

Uranium particles, whether pure uranium or in an oxidized form, are alpha emitters, and can be highly carcinogenic and mutagenic if ingested or inhaled, since they can lodge in one part of the body—the kidney or lung or gonad, for example—and then irradiate surrounding cells with large, destructive alpha particles (actually helium atoms), until some gene is compromised and a cell become malignant.

Among the sites identified by the NRC as being contaminated with DU are:

Ft. Hood, TX
Ft. Benning, GA
Ft. Campbell, KY
Ft. Knox, KY
Ft. Lewis, WA
Ft. Riley, KS
Aberdeen Proving Grounds, MD
Ft. Dix, NJ
Makua Military Reservation, HI

Other locations identified as having DU weapons contamination are:

China Lake Air Warfare Center, CA
Eglin AFB, Florida,
Nellis AFB, NV
Davis-Monthan AFB
Kirtland AFB, NM
White Sands Missile Range, NM
Ethan Allen Firing Range, VT
New Mexico Institute of Mining and Technology

An application for a 99-year permit to test DU weapons at the NM Inst. Of Mining and Technology claimed that that site’s test area was “so contaminated with DU… as to preclude any other use”!

DU weapons have also been used by the Navy at Vieques Island off Puerto Rico (the Navy claimed it was a “mistake.”)………. http://alethonews.wordpress.com/2014/05/09/the-pentagons-dirty-bombers-depleted-uranium-in-the-usa/

May 10, 2014 Posted by | depleted uranium, Reference, Uranium, USA | Leave a comment

EPA acts to protect public from radioactive danger from thorium at Ridgewood Queens, New York

ThoriumEPA Adds Radiation Site in Ridgewood Queens, New York to the Superfund List EPA 05/08/2014  Contact Information: Elias Rodriguez, (212) 637-3664rodriguez.elias@epa.gov

(New York, N.Y.) The U.S. Environmental Protection Agency has added the Wolff-Alport Chemical Company site in the Ridgewood section of Queens, New York to the federal Superfund list of hazardous waste sites. The soil and nearby sewers were contaminated by radioactive material from past industrial activities at the site. Testing indicates that there is no immediate threat to nearby residents, employees or customers of businesses in the affected area along Irving and Cooper Avenues. Since exposure to the radioactive contamination may pose a threat to health in the long-term, in December 2013, the EPA took action to reduce people’s potential exposure to the radiation and address the potential health risks from the site. 

The now-defunct Wolff-Alport Chemical Company operated from 1920 until 1954, processing imported monazite sand and extracting rare earth metals. Monazite contains approximately 6% to 8% thorium, which is radioactive. Radiation can increase a person’s risk of developing cancer such as cancer of the lung or pancreas.

“By placing the Wolff-Alport Chemical Company site on the Superfund list, the EPA can address the contamination to protect people’s health in the long-term,” said Judith A. Enck, EPA Regional Administrator. he Wolff-Alport Chemical Company site includes 1125 to 1139 Irving Avenue and 1514 Cooper Avenue in Ridgewood, on the border of Brooklyn and Queens. During its years of operation, the facility occupied three structures and two yard areas at 1127 Irving Avenue. The company did not operate out of 1125 Irving Avenue or 1514 Cooper Avenue, but those properties were affected by the contamination. Today the site includes six parcels of land with five buildings that house several small businesses, office space and warehouses. Until 1947, the company disposed of thorium waste in the sewer and on its property. The U.S. Atomic Energy Commission ordered the company to stop those practices in 1947.

The EPA assisted New York State and New York City in conducting radiological surveys in the area. These surveys identified waste material and radioactivity throughout the property, beneath adjacent public sidewalks and streets and in nearby sewers above levels expected to be found in a comparable urban area. The EPA, the Agency for Toxic Substances and Disease Registry, the New York City Department of Environmental Protection, the New York City Department of Health and Mental Hygiene, the New York State Department of Environmental Conservation and the New York State Department of Health are working together to reduce potential long-term exposure to radiation from the site.

Beginning in August 2012, the EPA took samples to assess the site and determine what immediate cleanup work would be necessary. The EPA used the results of this sampling to take steps to protect people from exposure in the short-term. At Intermediate School 384, radioactive gas was coming from a hole in an unoccupied storage area. The hole was sealed with concrete and follow-up sampling results showed levels below the action level established by the technical experts. At the Terra Nova Construction Company, the EPA installed a mitigation system that reduced radiation levels to below the action level. 

Additional EPA actions included:……….To learn more about the Wolff-Alport site, please visit:http://www.epa.gov/region02/waste/wolff/index.html.http://yosemite.epa.gov/opa/admpress.nsf/0/609e310b78c3ef7a85257cd20055a13a?OpenDocument

May 10, 2014 Posted by | RARE EARTHS, Uranium, USA | 1 Comment