Miserable market for uranium stops Colorado uranium mill build
Plan to build uranium mill in SW Colorado on hold The Associated Press September 8, 2013 DURANGO — A Toronto-based energy company is holding off on its plan to build a uranium mill in southwest Colorado.
The Durango Herald reports (http://bit.ly/15H4qMC ) Stephen Antony, president and CEO of Energy Fuels Resources Inc., told investors during a conference call Friday the company won’t build the Pinon Ridge mill in Montrose County unless there is an unexpected turnaround in uranium prices…..http://gazette.com/plan-to-build-uranium-mill-in-sw-colorado-on-hold/article/1506008he gaztte,
Farmers of Yadgir district, India, take up legal battle against uranium mining
Uranium mining: State defies Centre http://www.deccanchronicle.com/130908/news-current-affairs/article/uranium-mining%E2%80%88state-defies-centre DC | K.N. Reddy Gulbarga: Upset with the decision of authorities of the revenue department to resume acquisition of land around Saidapur, Diggi and Gogi villages for extraction of Uranium, farmers of Yadgir district have decided to resume their agitation as well as approach the court for justice.
Farmers were relieved when the Union ministry of environment and forests issued an order scrapping the mining unit three months ago. District authorities, however, continued with the process of acquisition of land after halting it temporarily.
According to information available, the district authorities have acquired 163 acres and four guntas of land in Saidapur and Diggi for mining Uranium.
The plant would be set up on a hillock where the borders of Saidapur, Umaradoddi and Diggi villages meet. While 46 acres and 15 guntas have been acquired in Saidapur village, followed by 116 acres and 32 guntas in Diggi village limits, and 49 acres and 19 guntas under Gogi and Umaraddi village limits.
“We cannot even buy a 30 X 40 ft site in our village with the compensation amount awarded for an acre of our land. How can we accept this? We will launch an agitation against this” says Bhimareddy Patil, President of Raithara Horata Samiti.
When contacted, deputy commissioner of Yadgir F M Jamadar admitted that authorities have resumed acquisition of land acquisition. “We are doing this as we have not received any intimation from the government directing us to stop the land acquition process,” he added.
Asked about the order of the Union government, scrapping the unit, Jamadar said “the Centre may have issued the order asking Uranium Corporation of India Limited to wind up the project. But we have received no information to stop the land acquition process.”
Uranium price is tied to what’s going on in Japan, says UEC
Uranium Energy Cuts Output as Nuclear Fuel Prices Lie Low Bloomberg, By Gerrit De Vynck – Sep 5, 2013Uranium Energy Corp which mines and processes the nuclear fuel in Texas, is cutting production as prices trade at a seven-year low…..Uranium spot prices have fallen 22 percent this year amid delays in the restart of nuclear plants in Japan following the March 2011 earthquake and tsunami. Last month, Cameco Corp. (CCO), the world’s third-largest uranium producer, dropped its projected sales volume from its German trading unit Nukem Energy GmbH to 8 million to 10 million from 9 million to 11 million pounds.
“This uranium price is tied to what’s going on in Japan,” said David Talbot, an analyst for Dundee Securities Corp. in Toronto. Once Japanese regulators approve more plant restarts, it will signal to the world to begin buying uranium again and the price will rebound, he said….. http://www.bloomberg.com/news/2013-09-05/uranium-energy-cuts-output-as-nuclear-fuel-prices-lie-low.html
Depleted Uranium spreads its dangerous radiation around the world
Dangers and Health Effects of Depleted Uranium, Disabled World, 4 Sept 13 Thomas C. Weiss
Document Detail: Depleted Uranium (DU) is a waste product, one that is left over when uranium is enriched to create fissionable material for nuclear weapons and reactors. DU consists of uranium from which most of the fissionable isotopes, uranium 235 and 234, have been removed. DU contains 99.5% Uranium 238.
The term, ‘depleted,’ carries with it the implication that it is not particularly dangerous; however, DU is a chemically toxic and radioactive heavy metal and because of this it is potentially hazardous to a person’s health. It is believed by many that exposure to depleted uranium (DU), especially when a person inhales or ingests it as a particulate, causes severe and long-term health effects. The size and effect, as well as the political significance of it, remain in dispute at this time. DU is an extremely dense material, 1.7 times as dense as lead, and is also, ‘pyrophoric,’ and is combustible when it comes in contact with air.
DU is being used by the defense industry in the creation of armor piercing munitions and anti-tank projectiles, as well as in the manufacture of tank armor.
Around 17 nations are thought to have weapon systems containing DU in their arsenals to include: Continue reading
USA’s cover-up of effects of depleted uranium on US soldiers
The U.S. Army’s own contractor, Doug Rokke, who headed a clean up of depleted uranium (DU) after the first Gulf War stated, “Depleted uranium is a crime against God and humanity.” Mr. Rokke went on to state that when his crew went to the Gulf they were all very healthy people, yet after performing clean up operations, 30 members of his staff died and the majority of the others, to include Mr. Rokke himself, “developed serious health problems.
The military is aware of depleted uranium’s harmful effects on the human genetic code.
The U.S. Military does not want the rest of the world to find out what we have done
Dangers and Health Effects of Depleted Uranium, Disabled World, Thomas C. Weiss, 4 Sept 13 “…….According to an article by Robert C. Koehler in 2007, the Veterans Administration presented figures of 205,000 soldiers who returned from wars in Iraq and Afghanistan. Of these soldiers, one-third have sought medical care for issues such as:
Perhaps the most compelling evidence of all is the sheer number of veterans of the Iraq and Afghanistan conflicts suffering physical ailments. In an April 12, 2007 article, Robert C. Koehler examined the issue:
- Malignant tumors (1,584)
- Mental disorders (73,157)
- Mystery conditions (67,743)
- Nervous system diseases (61,524)
- Musculoskeletal diseases (87,590)
- Digestive system diseases (63,002)
- Endocrinal and metabolic diseases (36,409)
Many times these conditions are lumped together under the convenient catch all heading of, ‘Gulf War Syndrome.’ It is very likely that at least some of these illnesses are caused by exposure to depleted uranium (DU). The effects of DU contamination may take up to 10 years to manifest and it is likely the number of veterans who will need medical care will be higher than from prior conflicts. Continue reading
Depleted Uranium (DU) Health Concerns
Dangers and Health Effects of Depleted Uranium, Disabled World, Thomas C. Weiss, 4 Sept 13 “…………Health concerns and DU center around the effect on the human body of nano-sized ceramic particles of uranium oxide (U238) that are released into the air when DU munitions are used in battle. Dr. Rosalie Bertell presented a concise explanation of the potential dangers of exposure to depleted uranium (DU). Dr. Bertell stated, “Uranium oxide and its aerosol form are insoluble in water. The aerosol resists gravity, and is able to travel tens of kilometres in air. Once on the ground, it can be resuspended when the sand is disturbed by motion or wind. Once breathed in, the very small particles of uranium oxide, those which are 2.5 microns (one micron = one millionth of a meter) or less in diameter, could reside in the lungs for years, slowly passing through the lung tissue into the blood.” Continue reading
Investors wary indeed, as uranium prices continue their free fall
Market sources are not optimistic the spot U3O8 price will rebound in the near future. “You’ll see more sales that need to be done by year end and there will be more pressure on the sales side,” one market analyst said. “It doesn’t look encouraging for people who think prices will rebound” by December — it’s wishful thinking,” he said.
There has been no firm support since spot U3O8 prices dropped below $40/lb in June, the analyst said. “Some producer will have to announce either a delay in a [uranium mining] startup or that a major project will shut down production. There’s nothing else out there that would bolster the market,” he said.
Uranium spot price weakens further in the wake of low-priced deal Washington (Platts) Jim Ostroff, Sep 2013/303 The spot price of uranium has dropped by about $1 in the past week to come in at about $34/lb, as a trading company’s deal last week to sell material that level continued to depress prices, market analysts said in interviews Tuesday.
The last time U3O8 spot prices were below the current average was November 14, 2005, when price publisher Ux Consulting reported a weekly price of $33.95/lb. The company did not begin to publish a daily Broker Average Price until 2009. The BAP is based on information from Evolution Markets and Numerco.
“Spot uranium supply continues to outstrip demand even as discretionary and utility demand step forward to take advantage of declining prices,” Continue reading
Disaster for uranium industry as uranium glut grows
Japan’s nuclear energy intentions are the swing factor at present. … if Japan does not start turning back on more reactors, Japanese uranium stockpiles will continue to hit the market to pay for increased fossil fuel imports. Nor is it helping at present that the US is also talking about turning off reactors.
Meanwhile, traders and speculators stuck with material and producers suffering cash flow problems are ever more desperate to offload material.
No rush to buy uranium, 9 News Finance by FN Arena 2 Sept 13, The spot market for uranium was never of much interest until the big surge took prices up well over US$100/lb in 2006. In that era, legacy contract obligations at much lower prices impacted on the earnings potential of the large and long-established players, such as Energy Resources of Australia in Australian terms, while new kids on the block, such as Paladin Energy relished the opportunity to secure contracts at more spot-aligned pricing.
Fast forward to the post-Fukushima era of 2013 and the tables have turned. Those noughties contract obligations have largely run off and the uranium price is wallowing in the depths. Continue reading
Tourists unaware of radiation danger on the Great Plains
America’s Chernobyl: Radioactive Dust Near Mt. Rushmore & Black Hills http://indiancountrytodaymedianetwork.com/2013/09/02/americas-chernobyl-results-uranium-mining-great-plains-151091 ICTMN Staff September 02, 2013
In this video Charmaine White Face, a member of the Oglala band of the Great Sioux Nation, explains uranium mining and its health effects on the people of the Great Plains.
She explains about the 1868 Fort Laramie Treaty and where the abandoned open pit uranium mines are—a total of 3,272 in the states of Montana, Wyoming, North Dakota, South Dakota and Colorado she says.
“The thing about the Darrow Pit Mine is they are only about 40 miles from Mount Rushmore, millions of tourists travel to Mount Rushmore every year not knowing that they are breathing in radioactive dust and the water that they drink in the motels in Rapid City contains uranium,” White Face says.
She also discusses the Riley Pass mine and a warning sign that’s posted warning people to not stay for more than one day within a one-year period. It also says “NO CAMPING.”
White Face goes on to discuss how cancer rates for Native American people in the Northern Great Plains are higher than anyone in the country.
“When we’re standing by that sacred site praying, we’re breathing in a lot of these harmful materials,” she says.
White Face and those working with her asDefenders of the Black Hillshave started calling it America’s Chernobyl because as Dr. K. Kearfott, a nuclear physics professor at the University of Michigan, said: “The radiation levels in parts I visited with my students were higher than those in the evacuated zones around the Fukushima nuclear disaster…”
Massive amounts of depleted uranium created by uranium enrichment
Uranium Enrichment Creates Massive Amounts Of Depleted Uranium (DU) – Used In Weapons Of Mass Destruction
Depleted uranium, radiation, and fracking
Wrecking the Earth: Fracking has grave radiation risks few talk about Rt.com Christopher Busby 28 Aug 13, Environmentalists point to various dangerous consequences of using fracking technology, but none can be compared to the issue of radiation exposure and radioactive contamination of the development areas it poses…….. The key to fracking
Uranium is the key element to fracking, or hydraulic fracturing, to use its proper name. In the real-world version of Phineas Fogg’s “Eighty Days Around the World,” burning the ship’s masts and furniture to make steam, governments are now encouraging the oil and gas merchants to blast their way deep into the Earth to squeeze the last ounce of oil and gas from that poor creature. But there will be a terrible revenge. Locked up in the strata into which they pump the pressurized process water, to fracture and thus create the huge surface area sponge which will yield up its cargo of gas and oil, is a monstrous amount of natural uranium and its deadly daughter Radium-226. And vast amounts of the radioactive alpha emitting gas Radon-222, and its own daughters Bismuth 214, Lead-210 and the alpha emitter Polonium-210. Remember Polonium-210? That was the material used when a few millionths of a gram poisoned ex-Russian agent Alexander Litvinenko. Continue reading
Kazakhstan’s water imperilled by in situ leaching of uranium
Scientists studying the effects of ISL doubt how quickly mine sites can self-cleanse. This uncertainty appears to be little known to both Kazakhstan’s nuclear industry and fledgling environmentalists.
no site in the US has been entirely returned to pre-mining conditions
The cost of being the world’s No.1 uranium producer Kazakhstan’s industry has skyrocketed in the past 10 years. But what could that mean for the environment? Christian Science Monitor, By Ben Arnoldy, Staff writer / August 28, 2013 ASTANA, KAZAKHSTAN
If you make a toxic mess under one of the most isolated parts of the planet, does it matter if you don’t clean it up? Does it make a difference if that mess will be there for thousands of years? Scientists are asking those questions as Kazakhstan has steadily risen to become the world’s No. 1 uranium producer, surpassing such nations as the United States, Canada, and Australia, which require more cleanup.
Rather than employing miners to haul rock up to the surface, mine operators in Kazakhstan have embraced a newer – and generally cleaner – process by which a chemical solution is injected down a pipe to dissolve the underground uranium deposits and then is sucked back up to the surface.
This in situ leach (ISL) method avoids making a mess above ground, but leaves toxic levels of heavy metals in the ground water. In the US, companies using the method have tried for years and failed to return ground water to its pre-mining state. Continue reading
Another uranium mining company gets the financial jitters
Bannerman waits for uranium price to turn around, The Northern Miner, 2013-08-21
A recently reported leak at the Fukushima nuclear plant in Japan has reawakened concerns over the development of new nuclear reactors in the country, with most experts agreeing that the current build-up would likely be put on hold until the situation is resolved.
The news is the latest reason being offered for why uranium prices continue to remain at low levels, but whatever the reason may be, the consequences are real for Bannerman Resources (TSX: BAN)…….
With the spot price for U3O8 still a ways off from the breakeven point outlined in its feasibility study on its flagship Etango project, Bannerman recently pushed back expected first production date for the project by two years. The mine was originally set to enter production in 2016 but now will have to wait until 2018…….
Rapid City Council votes for water security, and against uranium mining
Council passes resolution opposing uranium mining, Rapid city Journal, 21 Aug 13 The Rapid City Council passed a resolution late Monday night opposing a uranium mining operation near Edgemont, saying it “poses an unacceptable risk” to the city’s primary water supply.
The 9-1 vote came after council member Steve Laurenti sought to continue the discussion until state hearings for mining and water rights permits for Powertech concluded.
“I will tell you that this issue ranks in the top handful of issues that have generated public concern,” Mayor Sam Kooiker said. “This has really gotten peoples’ interest and there is a lot of concern in the community, and I believe that people have the right to ask questions about this issue.” Kooiker encouraged Laurenti to join the rest of the council in its decision to oppose the mine.
However, Laurenti stood firm with his vote against the resolution, maintaining that more information was needed before he could take a stand against the operation.
“The problem I have, from a logical standpoint, is to oppose something or even to have grave concern, grave meaning that I have a fear for my life,” Laurenti said. “I don’t fear for my life over this issue at this point.”…… The mine would draw up to 9,000 gallons of water per minute from the Inyan Kara and Madison aquifers. The Madison Aquifer supplied Rapid City with 60 percent of its water resources in 2012, according to city officials. http://rapidcityjournal.com/news/council-passes-resolution-opposing-uranium-mining/article_2253d74c-8890-58cc-9688-4bea869afbe9.html
Down, down again, goes the uranium market
Uranium sags once more 9 news Finance. 20 Aug 13 “…..Once again the floor was pulled out from under the spot market, and prices have responded accordingly. Some 800,000lbs of U3O8 equivalent did change hands in several transactions over the course of last week, but prices trended lower with each trade now that the sellers are on the hop once more. TradeTech’s weekly spot price indicator has fallen US75c to US$35.00/lb.These fluctuations in the spot price are having their effect on the term market. A number of utilities are looking to enter the term market for supply contracts, TradeTech reports, but none appears in a great hurry while price movements are unclear. No term transactions were reported last week….http://finance.ninemsn.com.au/newscolumnists/greg/8709269/uranium-sags-once-more
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