With nuclear industry’s uncertain future, uranium miners cut back production
Nuclear Uncertainty Causes Uranium Production Pullback The Bedford Report Provides Investment Research on Denison Mines & First Uranium 16 June NEW YORK, NY–(Marketwire – Jun 15, 2011) – Uranium spot prices are facing downward pressure this month amidst uncertainty regarding global nuclear demand. These consumption worries have led several uranium explorers to slash production estimates going forward. The Bedford Report examines the outlook for companies in the Uranium Sector and provides equity research on Denison Mines Corporation (NYSE Amex: DNN) (TSX: DML) and First Uranium Corporation (TSX: FIU)…….http://www.marketwire.com/press-release/nuclear-uncertainty-causes-uranium-production-pullback-nyse-amex-dnn-1526989.htm
Plunge in Uranium Energy’s Shares
INVESTORS SURRENDER THEIR SHARES OF URANIUM ENERGY, SHARES DROP 2.6% (UEC) Stock Market Research – Zacks Investment Research Chip Brian Jun 13, 2011 (SmarTrend(R) Spotlight via COMTEX) — Uranium Energy (AMEX:UEC) is one of today’s worst performing low-priced stocks, down 2.6% to $2.94 on 0.3x average daily volume. Approximately 250,000 shares have traded hands today vs. 30-day average volume of 865,000 shares. Continue reading
Doom and gloom in the uranium industry
Paladin reacts to share price drop, SMH, June 10, 2011 Uranium miner Paladin Energy Ltd has sought to dampen market rumours about the company’s financing arrangements, a potential capital raising and a potential sale by Newmont Mining of its 6.71 per cent stake in Paladin.
Paladin issued a statement on Friday to clarify its position, after the company’s shares came under “considerable selling pressure” for two days……http://news.smh.com.au/breaking-news-business/paladin-reacts-to-share-price-drop-20110610-1fvoe.html
EYE ON EQUITIES
Analyst urges caution as First Uranium dips to all-time lows, DARCY KEITH Globe and Mail Update Jun. 09, Shares in First Uranium Corp. (FIU-T0.56-0.02-3.45%) remain snuggled close to all-time lows after getting smacked Wednesday in response to weaker than expected fourth-quarter results. A resurgence in negative sentiment toward uranium producers after the Japanese nuclear crisis hasn’t helped matters.
Raymond James Ltd. analyst Bart Jaworski thinks investors may be wise backing away from the stock for the time being…..http://www.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/analyst-urges-caution-as-first-uranium-dips-to-all-time-lows/article2053830/
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Iran increasing uranium enrichment
Iran Plans High Level of Uranium Enrichment, NYT By DAVID JOLLY June 8, 2011 Iran declared Wednesday that it aims to triple production of nuclear fuel this year and, at a site that had been secret until 2009, increase enrichment to 20 percent. Enrichment at that level indicates technological progress that experts say would make the weapons-grade level of 90 percent enrichment much closer. Continue reading
Sick former uranium miners face hurdles in seeking compensation
Efforts to document Corral’s work history and exposure levels have turned into endless rounds of paperwork for him and volunteer advocate Sandra Belvail. They’ve had to track down decades-old payroll records and medical reports..
Former co-workers who started the claims process gave up.
“If they drag this process out, these guys will be gone,” Belvail said.
Chico Corral blames uranium industry for failing health But as others before him have learned, compensation is elusive The Spokesman Review, Becky Kramer 6 June 11, “….Now 79, Corral’s lungs show signs of scarring. Minor exertion leaves him short of breath. He believes his lung problems resulted from the two decades he spent in the uranium industry. Continue reading
Australian uranium miner ERA pushing on despite climate extremes, and Aboriginal opposition
Prime Minister Julia Gillard has been called on by the organisation representing Mirrar people to put a stop to all plans to expand uranium mining in the national park.
The Gundjeihmi Aboriginal Corporation has called for mining to be banned at the Ranger uranium mine as it is a part of their traditional land.
– AUSTRALIAN MINING ERA MISLEADING ABOUT RANGER URANIUM PLANS: ENVIRONMENTALISTS Mining Australia, By Jessica Burke 6 June 2011 Environmentalists have accused Energy Resources Australia (ERA) of ulterior motives over plans to expand its uranium mine in the Kakadu National Park in the Northern Territory. Continue reading
Depleted uranium and other nasty secrets about Libya battle
There have been reports of depleted uranium, cluster bombs and other illegal substances in the capital city Tripoli, despite NATOs denial of depleted uranium used in its humanitarian efforts in Libya. ……..The American people are not told the truth about what happens in the Middle East, we are not told the truth about all these wars.
West uses depleted uranium in Libya, Press TV Jun 5, 2011 Interview with Randy Short, a human rights activist in TripoliThere is a “significant difference” between what is being covered on the Libyan intervention by Western media outlets and what is happening in the North African country, human right activist says. Continue reading
IAEA ‘s focus is on commercial benefit of rare earth plant, not on safety
‘There’s no safe radiation level’, FreeMalaysia Today Tashny Sukumaran, June 2, 2011 The IAEA standards are not based on what is safe but how great the benefit, said CAP after a meeting with the panel. PUTRAJAYA: International Atomic Energy Agency (IAEA) today admitted there is no such thing as “safe” levels of radiation.
However , it told the Consumer Association of Penang that some radiation levels could be justified.
The nine-member IAEA panel is here to gauge the safety of the Lynas rare earth refinery in Kuantan. Continue reading
Uranium producers face a very uncertain future
investors may wonder whether Germany could be the first of many to pull the plug on nuclear projects. John Meyer, a commodities analyst at Fairfax, said: ‘The German pronouncement over the weekend was surprising and extraordinary and is a huge blow to the nuclear industry.’ He added: ‘If other countries follow Germany then the nuclear expansion forecast by uranium producers may be largely limited to the US and China
Geiger Counter: nuclear power vs nuclear peril, CityWire Money — by Rob Mackinlay Jun 02, 2011 Germany’s plans to ditch nuclear power this week failed to unnerve uranium investors but uranium focused investment trust Geiger Counter may become a power or a peril in an investor’s portfolio. Continue reading
Cloud of deception over Australian company’s plan for thorium wastes in Malaysia
Nuclear events and policies spell gloom for uranium stocks
political pressure continues to mount against nuclear energy…..Many countries have announced in-depth safety reviews of their nuclear reactors, placing moratoriums on any new plants in the near-term…...
Uranium sector hurt by Germany’s ban By Jonathan Ratner, Vancouver Sun, May 29, 2011 TORONTO – The uranium sector came under some selling pressure on Monday after Germany announced it will shut down all of its nuclear reactors by 2022, reversing a nuclear energy policy put in place in October 2010. Continue reading
Malaysia fight against Australian company dumping radioactive waste
Crucial questions remain unanswered especially regarding the safe disposal of radioactive waste…… officials from the nuclear watchdog would be pro-nuclear and therefore fail to produce a fair assessment of the Lynas plant.
Calls for local and environmental groups to be represented in the monitoring team have also gone unheeded…’Whatever their findings, our final agenda – which is our ultimate goal – is to stop Lynas.’..
Malaysia’s new rare earth plant provokes radiation fears – Monsters and Critics, By Julia Yeow May 29, 2011,Kuala Lumpur – In the quiet town of Gebeng in Malaysia’s central state of Pahang, a new rare earth plant has evoked fears of radiation contamination as residents desperately seek to stop the construction of the world’s largest such refinery. The 700-million-ringgit (233 million dollars) refinery is being constructed by Australia’s Lynas Corp, which plans to ship rare earth ore mined from Western Australia’s Mount Weld to the Gebeng plant by September. ……
Sheep Mountain Alliance has legal win in its battle against uranium milling
Denver District Judge Brian Whitney sided with the Telluride-based Sheep Mountain Alliance, which contends the Colorado Department of Public Health and Environment (CDPHE) may have violated various state and federal laws in issuing a permit for the mill. The lawsuit can now move forward…...
Denver district judge allows uranium mill lawsuit to move ahead, The Colorado Independent, By David O. Williams | 05.27.11 A Denver district judge this week rejected motions by the state of Colorado and a Canadian uranium mining company to throw out a lawsuit challenging the proposed Piñon Ridge Uranium Mill in Montrose County. Continue reading
AREVA neglecting France’s old radioactive uranium mining sites
Today, the site is the responsibility of Areva, a majority state-owned French multinational that builds nuclear power stations and manages uranium mines around the world……
France’s respected Independent Research and Information Commission on Radioactivity (CRIIRAD). is similarly critical of the situation. “These exposures are totally unjustified and levels should be reduced by properly redeveloping the site and removing radioactive material,”
Radiation fears surround France’s old uranium mines, Google News, By Simon Coss (AFP) 27 May 11, ROSGLAS, France — It looks like any other another leafy woodland path in Brittany, but campaigners say ramblers on this particular trail may face levels of radiation at least 10 times higher than normal. Continue reading
IAEA concerned about nuclear developments in Iran and Syria
AUDIO Nuclear Watchdog Details Concerns In Iran, Syria : NPR, 26 May 11, The International Atomic Energy Agency has released troubling new reports on the nuclear activities of Iran and Syria.The Iran report indicates the production of enriched uranium there is increasing and raises more questions about Iran’s possible research into the military applications of nuclear technology. Continue reading
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