Colorado State makes things financially easier for uranium milling company
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State defers Energy Fuels’ bond deadlines Telluride Daily Planet, By Kathrine Warren August 24, 2011 |
Investors fleeing from uranium mining
Uranium Spot Market a ‘Ghost Town’ With No Price Change, Ux Says, Bloomberg, , By Jason Scott – Aug 22, 2011 Uranium spot prices, depressed by the nuclear crisis in Japan , were unchanged last week amid low trading volume, says Ux Consulting co.
Uranium-oxide concentrate for immediate delivery sold for $50.50 a pound in the seven days ended yesterday, the same as the previous week, Ux said in an e-mailed report today. That’s based on the most-competitive offer tracked by the Roswell, Georgia-based company.
The spot price for the nuclear fuel has declined 24 percent since the week before the March 11 earthquake and tsunami damaged Tokyo Electric Power Co.’s Fukushima Dai-Ichi power station. The crisis prompted some nations to put their atomic power plans on hold.
“A number of market participants have indicated that recent market activity has been very limited,” Ux said in the report. “This lack of activity has been described as the market looking like a ghost town.”…http://www.bloomberg.com/news/2011-08-23/uranium-spot-market-a-ghost-town-with-no-price-change-ux-says.html
General Atomics trying to avoid uranium mine cleanup
General Atomics Faces Yet Another Uranium Cleanup Fight, By Matt Potter, San Diego Reader August 22, 2011, The New York Times has reported via the Greenwire news service that Rio Grande Resources Corp., a subsidiary of La Jolla-based General Atomics is stirring opposition in New Mexico with its plans to delay cleanup of its Mount Taylor uranium mine, which has been closed since 1990.
The mountain, which contains the nation’s largest single deposit of the radioactive ore, is said to be viewed as sacred land by surrounding Native American tribes, the story says.
“More than 8 million pounds of “yellow cake” were produced from the mine before it was closed more than two decades ago due to plummeting uranium prices,” according to the report…….
Rio Grande critics testified at a hearing on the application to keep the mine in “standby status” held by the New Mexico Mining and Minerals Division that a five year delay in remediation risked further contamination of the site, but backers said it would help the mine get back into operation.
As we’ve previously reported, General Atomics, operated by San Diego brothers Neal and Linden Blue, also faces a fight in Colorado over the cleanup of an old uranium mill in that state….San Diego Reader | “General Atomics Faces Yet Another Uranium Cleanup Fight” by mpotter
Silex laser uranium enrichment process classified secret under Atomic Energy Act
Some New Wrinkles in Nuclear Weapons Secrecy, Secrecy News, August 22nd, 2011 by Steven Aftergood “………At this late date in the nuclear era, there are still other “innovations” in nuclear technology and nuclear secrecy. The New York Times reported last weekend on an apparent breakthrough in the use of lasers to enrich uranium. This laser enrichment process, known as SILEX (Separation of Isotopes by Laser Excitation), also poses new proliferation issues. See “Laser Advances in Nuclear Fuel Stir Terror Fear” by William J. Broad, August 21.
Though the Times story did not mention it, the SILEX process is also a unique case in which information that was privately generated was nevertheless classified by the government. …..
As far as could be determined, the decision to classify this non-governmental information under the Atomic Energy Act is the first and only time that such authority has been exercised. See this 2001 “Record of Decision to Classify Certain Elements of the SILEX Process as Privately Generated Restricted Data.” (See also “A Glimpse of the SILEX Uranium Enrichment Process,” Secrecy News, August 22, 2007.) Some New Wrinkles in Nuclear Weapons Secrecy | Secrecy News
Among the sinking uranium stocks, Uranium Resources one of the worst
URANIUM RESOURCES DOWN 4.4%, SHARES SLIDE INTO THE RED (URRE) – Zacks Investment Research Aug 22, 2011 Uranium Resources is one of today’s worst performing low-priced stocks, down 4.4% to $1.08 on 0.4x average daily volume. Approximately 504,000 shares have traded hands today vs. 30-day average volume of 1.3 million shares.
High volume often signals a change in trends. Shares of Uranium Resources are currently trading below their 50-day moving average (MA) of $1.52 and below their 200-day MA of $2.26
Silex laser uranium enrichment opening opportunities for nuclear terrorism
Dr. Slakey of the American Physical Society noted that the State Department a dozen years ago warned that the success of Silex could “renew interest” in laser enrichment for good or ill — to light cities or destroy them.
Laser Advances in Nuclear Fuel Stir Terror Fear, NYT, By WILLIAM J. BROAD,August 20, 2011 Twenty miles southwest of Sydney, in a wooded region, Horst Struve and Michael Goldsworthy kept tinkering with the idea at a government institute. Finally, around 1994, the two men judged that they had a major advance.
The inventors called their idea Silex, for separation of isotopes by laser excitation. “Our approach is completely different,” Dr. Goldsworthy, a physicist, told a Parliamentary hearing… Continue reading
A new route to more nuclear bombs – Silex laser enrichment
Laser advance may increase spread of nuclear bomb, SMH, William Broad, August 22, 2011 In a little-known effort, General Electric has successfully tested laser enrichment for two years and is seeking permission from the US government to build a $US1 billion ($960 million) plant that would make reactor fuel by the tonne.
That might be good news for the nuclear industry, but critics fear that if the work succeeds and the secret gets out, rogue states and terrorists could make bomb fuel in much smaller plants that are difficult to detect……. critics want a detailed risk assessment. Recently, they petitioned Washington for a formal evaluation of whether the laser initiative could backfire and speed the global spread of nuclear arms.
”We’re on the verge of a new route to the bomb,” said Frank von Hippel, a nuclear physicist who teaches at Princeton University. ”We should have learnt enough by now to do an assessment before we let this kind of thing out.” New varieties of enrichment are considered dangerous because they simplify obtaining the fuel……http://www.smh.com.au/technology/sci-tech/laser-advance-may-increase-spread-of-nuclear-bomb-20110821-1j4mm.html
Down, down, continues uranium price
Uranium market sees thin activity and lower price, Industrial Fuels and Power, August 17th, 2011 The uranium spot price delivered no surprises this week as it slipped further by US$1.00 to US$50.50/lb. Three days earlier, TradeTech had noted a US$1.25 WoW fall to US$50.25/lb, attributing the drop to thin demand and supply “with a few sellers competing for even fewer sales opportunities.”
Buyers – this week utilities, traders and financial entities – are largely uninterested and reluctant to commit purchases. …http://www.ifandp.com/article/0013083.html
US Dept of Energy told – “No new uranium mining. Clean up the old”
Opponents not only want the DOE to reject new uranium mining in the area, they also want past contamination cleaned up.
DOE gets an earful on uranium mine leasing program near Telluride, Montrose, Colorado Independent, By David O. Williams | 08.17.11 Depends where you were last week when the U.S. Department of Energy (DOE) took feedback on its uranium mine leasing program in southwest Colorado. In some places like Telluride, according to media reports, the feds met with stiff resistance…..
Legal action planned against uranium mining in Tanzania
| LHRC’s warning over uranium |
| The Citizen, , 15 August 2011 23:13 |
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By Bernard Lugongo, The Citizen Reporter, Dar es Salaam. The Legal and Human Rights Centre (LHRC) is planning to take the government to court should it go ahead with uranium mining projects in Bahi and Manyoni districts in Dodoma and regions respectively.
The LHRC cautioned yesterday that it was against the projects because they would lead to serious health and environmental impacts on the people living in the area……. |
LHRC also asked the government to learn from other nations, such as Niger, that have already experienced negative effects of uranium mining…..thecitizen.co.tz/news/4-national-news/13781-lhrcs-warning-over-uranium.html
Nuclear fuels regulators in Colorado under the thumb of weapons maker General Atomics
“Basically, the judgment of the nuclear fuels industry and its captive regulators in Colorado is not to be trusted when it comes to matters of health, safety, and a clean environment,”
General Atomics subsidiary wants to stop toxic pond tests, By David O. Williams, Real Aspen – August 14, 2011 Rather than seek an appropriate technological solution, managers of a decommissioned uranium processing mill near Cañon City want the state to let them stop testing a radioactive holding pond Continue reading
Film exposes the scandal of depleted uranium weapons
Uranio 238 on Youtube:
Part 1: http://www.youtube.com/watch?v=3EUp5j1481g
Part 2: http://www.youtube.com/watch?v=lNgZs1lyuGQ
Part 3: http://www.youtube.com/watch?v=AZ4h6IeCalo
Part 4: http://www.youtube.com/watch?v=9uodiHzrefI
Depleted uranium documentary wins best short at International Uranium Film Festival, International Coalition to Ban Uranium Weapons, 12 Aug 11, Costa Rican production: URANIUM 238 – The Pentagon´s Dirty Pool wins best short film category of the First International Uranium Film Festival 2011 in Rio de Janeiro, Brazil. Continue reading
Centennial uranium project not likely to go ahead
Powertech USA President Richard Clement said earlier this year that the Fukushima Daiichi nuclear power plant disaster in Japan shook the uranium market enough to give Powertech pause when considering the future of the Centennial Project.
Powertech writes off millions after uranium mine land deal collapses, Coloradoan.com. 11 Aug 11, Powertech Uranium Corp. has written off $2.3 million it lost when a Centennial Project land deal with two Northern Colorado landowners fell through in June. Continue reading
Lower deman for uranium is forecast
Uranium One cuts demand forecast by 8%-10% TORONTO Mining Weekly, 9th August 2011 – Canada’s Uranium One has cut its demand growth projections for uranium for its namesake product by 8% to 10% over the next decade,…..
Last month, Australia-based Paladin Resources cut its 2012 uranium production guidance to 7.4-million pounds and 7.9-million pounds from the previous forecast of 8.2-million pounds, mainly because of delays to its stage-three expansion at the Langer Heinrich mine in Namibia.
This was followed by an August 4 announcement by uranium’s perennial under-performer, Rio Tinto’s Energy Resources of Australia, that it had nearly halved the reserves at its Ranger mine……
Yellow cake prices dropped to $49/lb from around $66/lb in the immediate wake of the Japanese disaster, and have since settled at about $52/lb.–
Uranium industry heading for collapse
The disaster at Japan’s Fukushima Daiichi power plant following the March earthquake and tsunami has essentially killed investor enthusiasm for uranium stocks…… The other uranium stocks are all miners, but if there is no support for new nuclear development, then the value of these stocks will drop as well. Aside from early comments supporting nuclear power, the US has been non-committal, whereas Germany and Italy have both indicated that no new nuclear plants will be built and, in Germany, existing plants will be closed over the next decade or so.
USEC Shares Collapse on Loan Worries (USEC, URRE, UEC, URG, URZ, URA),August 5, 2011, 247Wst.com Paul Ausick, The sole US provider of low-enriched uranium fuel for nuclear power plants is in serious trouble. USEC Inc. (NYSE: USU) shares have fallen more than -12% this morning and posted another new 52-week low on concern that the company’s loan guarantee from the federal government will not be approved in time to prevent USEC from running into liquidity problems.
Every US company involved in the nuclear fuel business is getting beaten up this morning. Continue reading
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