Uranium « nuclear-news

Danger of Kyrgyzstan’s uranium-polluted rivers extends way beyond national borders

the more we delay the process of lands reclamation and conservation, the more risk of trans-border catastrophe we have

the country has 92 tailing dumps with the total volume of 254.4 million cubic meters (457 billion tons) of mining wastes.

Kyrgyzstan’s uranium-polluted rivers threaten Central Asia
http://en.tengrinews.kz/disasters/Kyrgyzstans-uranium-polluted-rivers-threaten-Central-Asia-14023/ , 30.10.2012, Pollution of Kyrgyzstan’s water resources with the wastes of uranium tailing dumps poses a threat to the whole Central Asian region, KazTAG reports.

“Regional risks of degradation and destruction of the uranium tailing dumps are related to a whole range of factors, especially since many of the dumps are located very close to water resources. Since they are located at the river heads (of the rivers that start in Kyrgyzstan),
the potential catastrophe may cause major mass and ecological disasters and have a long-term effect on health of millions of people in the lower reaches of the rivers,” first Vice-PM of Kyrgyzstan Dzhoomart Otorbayev said at the international conference called
Uranium tailing dumps in Central Asia: Join Efforts on Lowering Risks on Wednesday, October 24. Continue reading →

November 12, 2012 Posted by Christina Macpherson | Kyrgyzstan, Uranium, wastes | Leave a comment

Systemic Lupus Erythematosus – high rates near uranium processing plant

Researchers at the University of Cincinnati and Cincinnati Children’s Medical Center sought to explain an excessive number of lupus cases reported in a community five miles from a former uranium plant in Fernald, Ohio

“What prompted us was the knowledge that lupus patients may be sensitive to sunlight and irradiation, in addition to literature hinting that miners may be at increased risk for developing lupus,”

HIGH LUPUS RATES NEAR FORMER URANIUM ORE PLANT, OmGlobe.com, 11/10/2012 – High rates of systemic lupus erythematosus have been linked to living in proximity to a former uranium ore processing facility in Ohio, according to new research findings presented this week at the American College of Rheumatology Annual Meeting in Washington, D.C. Systemic lupus erythematosus, also called SLE or lupus, is a chronic inflammatory disease that can affect the skin, joints, kidneys, lungs, nervous system, and/or other organs of the body. The most common symptoms include skin rashes and arthritis, often accompanied by fatigue and fever. Lupus occurs mostly in women, typically developing in individuals in their twenties and thirties – prime child-bearing age. Continue reading →

November 12, 2012 Posted by Christina Macpherson | health, Uranium, USA | Leave a comment

Uranium mining – a sick industry and getting sicker

Spot uranium price falls below $41/lb U308 on weak demand, good supply Washington (Platts)–6 Nov2012 The spot market price of uranium is now below $41/lb U3O8, according to price publishers TradeTech and Ux Consulting.

And given continued bearish sentiment in the market, some analysts are not ruling out the possibility that the spot price could fall $40/lb before the end of the year. UxC said that the price has not been $40/lb since March 2006.

TradeTech on Friday lowered its weekly spot price to $40.75/lb, down $2.25/lb from its October 26 price. Most of the decline occurred around October 31, TradeTech said, “driven by an increase in the supply” and weaker demand. “Sellers hoping to place material were faced with accepting lower prices well into the first and second quarters of 2013 to conclude transactions,” it said.

TradeTech’s daily price Monday also was $40.75/lb.

UxC on Monday cut its weekly spot price to $40.75/lb, down $1.75 from October 29. UxC said the questions now facing the market are whether the $40/lb support level will be broken and if it holds, what type of rebound in price might the market expect to see.
UxC’s broker average price on Monday was $40.69/lb, down 30 cents from Friday. The BAP bid-offer spread Monday was $40-$41.38/lb. The BAP is based on the price information from Evolution Markets and Armajaro Securities.

The Platts NuclearFuel price range for week was $39.50-$43/lb U3O8….. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/8889209

November 7, 2012 Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | Leave a comment

Forecast for uranium market – still sinkng

Nuclear bearishness sinks claws into uranium price, demand forecasts Dundee Capital Markets drops its near term uranium price forecasts : Kip Keen , 01 Nov 2012 (MINEWEB) – With post-Fukushima anti-nuclear sentiment continuing to weigh, Dundee Capital Markets cut its near-term uranium price forecast.

“A cloud still hangs over the uranium sector as we approach the second anniversary of the Fukushima Daiichi disaster,” Dundee’s David Talbot wrote in a recent note to clients. “The impact has been felt on the spot market, with prices now dipping below post-Fukushima lows of US$49.00/lb U3O8, to a range of around $42 to $43 per pound ).” In cutting forecasts Talbot focused heavily on dour near term demand for uranium and issues of public perception for nuclear power, particularly in developed nations following the Fukushima nuclear disaster in Japan last year. Dundee dropped its spot uranium forecast in the near term to $49 per pound from $60 a pound and its term (contract) price to $61 from $65 a pound…..
Dundee’s change in outlook came a day after Cameco, a leading uranium producer, put a damper on its long term production outlook, cutting back growth plans from 40 million pounds uranium to 36 million pounds uranium in production a year by 2018(covered in these pages by Dorothy Kosich here)..

November 2, 2012 Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | Leave a comment

Uranium market uncertainty causes Cameco to cut its expansion plans

Expected nuclear construction cuts, prompts Cameco project paring Recent developments in the nuclear industry, specifically in Japan, have caused more uncertainty over the growth rate of nuclear power globally, prompting Cameco to adjust its production forecasts. Mineweb Dorothy Kosich , 01 Nov 2012 Ongoing market uncertainty in the near term has prompted mega-uranium miner Cameco to seriously tighten its project portfolio and drop four million pounds of future targeted uranium production….. In its analysis, Cameco noted that recent developments in the nuclear industry, primarily in Japan, have caused more uncertainty in the growth rate of nuclear power globally…… Cameco’s uranium production volumes remained flat for the third quarter of the year at 5.3 million pounds. However, the company also recorded a 29% decrease in sales.

Production for the first nine months of this year were also lower at 15.4 million pounds, down from 15.8 million pounds for the same period of 2011. The lower output as attributed to lower production at Smith Ranch-Highland and Inkai.

Uranium revenues also dropped 5% during the first three quarters of this year, due to a 5% decrease in sales volumes. “Our $US realized prices were lower than the first nine months of 2011 mainly due to lower prices under market-related contracts being offset by a more favorable exchange rate,” said the company….. FINANCIALS

For the first nine months of this year, Cameco reported adjusted net earnings of $210 million or 53-cents per share, down from adjusted net earnings of $259 million or 66-cents per share. The change was due to lower earnings from the uranium business based on lower sales volumes, lower realized prices and higher costs; a $30 million contract termination change, as well as higher exploration and administration costs.

November 2, 2012 Posted by Christina Macpherson | business and costs, Uranium | Leave a comment

Fallacy of the Thorium nuclear reactor “miracle”

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 →

October 19, 2012 Posted by Christina Macpherson | 2 WORLD, spinbuster, Uranium | 1 Comment

Australian exports of uranium to India not likely to happen for years

India’s much trumpeted nuclear reactor construction binge has fizzled out… in the next five years we should not expect any shipments from Australia.

The India-US nuclear deal had one aspect of tacit proliferation built into its structure – the horizontal proliferation of knowledge from the civilian to the military

As a result while all kinds of water-tight restrictions were placed on the transfer of materials and power, none was placed on the movement of scientists. This of course was well known, the point was to acquire French reprocessing technology – ostensibly for civilian purposes but then to duplicate the same to improve India’s reportedly dismal weapons material reprocessing.

The scary state of Indian reactors, their safety and security has long been whispered about – but was blown apart by the CAG’s indictment a few months back.

Julia’s Nuclear Tango – Analysis http://www.eurasiareview.com/18102012-julias-nuclear-tango-analysis/
IPCS October 18, 2012 By Abhijit Iyer‐Mitra As expected, nuclear negotiations took centre stage during Australian
Prime Minister Julia Gillard’s visit to Delhi. Much talk of cultural links owing to the English language, cricket, a Westminster style parliament was bandied about. While Australia insists on a multifaceted engagement to build deep interdependencies, India sees only its one point agenda in all of this and has held ties hostage to the supply of Uranium. While opinions in Delhi seem optimistic many factors point to need for a hard reality check. Continue reading →

October 19, 2012 Posted by Christina Macpherson | India, politics international, Uranium | Leave a comment

East Kazakhstan’s 812 million tonnes of highly radioactive uranium tailings

Josef Stalin’s nuclear legacy remains in East Kazakhstan Scotsman.com, 9 October 2012 “…..It was over 20 years after the end of atomic testing in the Polygon that the world began to take notice, but Stalin’s legacy may yet have an impact that could threaten future generations across the globe. The mining of uranium to manufacture the atomic weapons tested in the Polygon has left a staggering 812 million tonnes of highly radioactive uranium tailings (waste byproduct). They lie in dilapidated dumps in four of the five Central Asian republics, posing not just an imminent threat to the environment but a potential flashpoint for violence and conflict. Continue reading →

October 9, 2012 Posted by Christina Macpherson | Kazakhstan, Reference, Uranium, wastes | Leave a comment

Thorium bred Uranium-233 can be used to make atomic bombs

Thorium Nuclear Bombs (Shorter version) Kevin Meyerson, kevinmeyerson.wordpress.com 9 Oct 12, Thorium bred Uranium-233 can be used to make atomic bombs, despite what proponents may claim.

You don’t have to trust me on this, see what the experts at various institutions have to say below:

MIT Energy Initiative, The Future of the Nuclear Fuel Cycle Continue reading →

October 9, 2012 Posted by Christina Macpherson | 2 WORLD, Reference, Uranium, weapons and war | Leave a comment

Halifax County Chamber opposes uranium mining in Southern Virginia

Chamber adopts anti-uranium resolution Halifax County Chamber of Commerce Board of Directors has gone on record adamantly opposing uranium mining in the commonwealth. Gazette Virginian 7 Oct 12, Continue reading →

October 8, 2012 Posted by Christina Macpherson | opposition to nuclear, Uranium, USA | Leave a comment

Gloom and doom for uranium market getting worse

Miners pressured as uncertainty sours uranium market Reuters Oct 5, 2012

* Uranium spot price hits new 2-year low, miners’ shares sag

* Idled Japan reactors weigh as politics unclear

* Uranium price seen stagnant to lower over next months By Julie Gordon…

TORONTO, Oct 5 – Eighteen months after the Fukushima nuclear meltdown, the spot price for uranium hit a two-year low this week, putting the squeeze on the already depressed shares of uranium miners.

With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth inChina weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.

“In the near term, the price of uranium is going to go sideways to down,” said Raymond Goldie, a senior mining analyst at Salman Partners in Toronto, adding that the spot price is not likely to start recovering until March or April 2013.

That is bad news for producers Cameco Corp, Uranium One Inc and Paladin Energy Inc, which have watched their shares plummet since a massive earthquake and tsunami struck Japan in March 2011, crippling the Fukushima-Daiichi atomic power plant.

Cameco, the world’s largest publicly listed uranium producer, has lost more than 48 percent of its market value in the aftermath of the worst nuclear disaster since Chernobyl. Uranium One is down 62 percent, while Paladin has fallen 72 percent. Continue reading →

October 5, 2012 Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | Leave a comment

Costly radiation remediation at Port Hope

Port Hope radiation: $464,615 spent to remediate $130,000 house thestar.com October 05, 2012 PORT HOPE, ONT.—It started in the attic. Wally Davis wanted to build a room in the attic of his house. Since he lives in Port Hope, he couldn’t just go ahead and do it. He went to the Low Level Radioactive Waste Management Office, a federal agency, requested the file on his property and asked them to test for remnants of historic radioactive waste.

“There was contamination in the roof, on the floors, in the walls . . . everywhere in the house,” said Davis, 75, a retired Ontario Hydro employee.

In July 2011, Davis and his wife, Carole, were relocated to neighbouring Cobourg as agency staff started remediation work. The couple returned to their two-bedroom, 1,000-square-foot home this July and discovered that except for the outer walls, it had been essentially rebuilt.

“They did a superb job,” Davis said.

They did indeed. The waste management office spent $464,615 to clean up the house Davis bought a decade ago for $125,000 — or $130,000, he can’t remember.

“We didn’t have a clue how much they spent,” said Davis when the Star told him that almost a half-million dollars had been used to remediate his home.

“They didn’t tell us,” he said. “That is a lot of money.”The Davis home on Bruton St., in a leafy old part of town, is about two kilometres from the waterfront. It has a red-brick façade, an attached garage and a large front and back yard. There’s a shed in the back and a Canadian flag fluttering on a tall post.

Port Hope, the picture-pretty lakeside town about 110 kilometres east of Toronto, will soon see the biggest cleanup of historic radioactive waste in Canadian history. Fifty years of radium and uranium refining at the Cameco refinery, formerly Crown corporation Eldorado Nuclear Ltd., has left contamination spread around the town…. http://www.thestar.com/news/gta/article/1267186–port-hope-radiation-464-615-spent-to-remediate-130-000-house

October 5, 2012 Posted by Christina Macpherson | Canada, environment, Uranium | Leave a comment

Rebound in uranium prices just not happening

Cameco hit with downgrade as hopes for uranium rebound fade
http://www.theglobeandmail.com/globe-investor/markets/market-blog/cameco-downgraded-amid-relentless-decline-in-uranium-price/article4570023/ DARCY KEITH The Globe and Mail , Sep. 26 2012, The rebound in the uranium market some speculated would surely follow the big-time drubbing the sector experienced in the aftermath of the Japanese Fukushima nuclear disaster isn’t exactly materializing. Continue reading →

September 28, 2012 Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | 1 Comment

Uranium price slump for the long term

Short-term dip in uranium prices now a long-term slump Peter Koven | Sep 26, 2012“……..Eighteen months after the incident, uranium prices continue to hit new lows. The spot price sunk US50¢ to US$46.50 a pound this week, which is the lowest level since 2010, according to Ux Consulting. Investors briefly drove the spot price above US$135 in 2007.

The long-term price has also declined, though it is higher at US$60, reflecting the fact buyers will pay more for material delivered mid-decade or later.

TD Securities analyst Greg Barnes noted that September is usually buying season in the uranium market, so the current weakness is not a good sign.

Although sales volumes in the spot market have been very weak, there is more than enough uranium around to supply utilities, so any investing bet on the commodity is really a bet that nuclear power demand will substantially grow in the years to come….

.. questions about the future of nuclear continue to linger. Japan recently pushed reactor re-starts further into the future, while maintaining plans to phase out all nuclear power by the 2030s. And French President François Hollande reaffirmed his campaign promise to reduce the share of nuclear power in France’s energy mix to 50% from 75% currently.

“With two of the world’s most important nuclear markets questioning the longer-term outlook for nuclear power, we expect [the] uranium price to be in for another 12 months of lacklustre performance,” Mr. Barnes wrote in a note.

That view is widely shared by investors .

September 28, 2012 Posted by Christina Macpherson | 2 WORLD, business and costs, Uranium | Leave a comment

Design for recycling rare earths is urgently needed

“The situation clearly calls for international policy initiatives to minimize the seemingly bizarre situation of spending large amounts of technology, time, energy and money to acquire scarce metals from the mines and then throwing them away after a single use.”

Yale Researchers Call for Specialty Metals Recycling http://environment.yale.edu/news/article/yale-researchers-call-for-specialty-metals-recycling/ 25 Sept 12 An international policy is needed for recycling scarce specialty metals that are critical in the production of consumer goods,
according to Yale researchers in Science.

“A recycling rate of zero for specialty metals is alarming when we consider that their use is growing quickly,” said co-author Barbara Reck, a research scientist at the Yale School of Forestry & Environmental Studies.

Specialty metals, which include rare earth elements such as indium, gallium and germanium, account for more than 30 of the 60 metals in the periodic table. Because they are used in small amounts for very precise technological purposes, such as red phosphors, high-strength magnets, thin-film solar cells and computer chips, recovery can be so technologically and economically challenging that the attempt is seldom made. Continue reading →

September 25, 2012 Posted by Christina Macpherson | 2 WORLD, RARE EARTHS, Reference, technology, Uranium | 1 Comment