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Uranium industry’s optimism doesn’t seem justified

insurance liability caps granted to the American nuclear power industry,  for example, produce an annual indirect subsidy of $33 million for every reactor in the United States…..liability costs to the Japanese government arising from Fukushima Daiichi, while still impossible to estimate, were presumably large, and might make other governments see that offering subsidies to renewable energy sources might be a comparative bargain…

Uranium Processor Still Optimistic About Nuclear Industry, NYTimes.com, By IAN AUSTEN : March 25, 2011 OTTAWA — On the same day earlier this month that the  Canadian company Cameco, a global leader in uranium mining and processing, gathered its executives from around the world for a strategic planning session, news broke of Japan’s staggering earthquake….. Continue reading →

March 26, 2011 Posted by | business and costs, Canada, Uranium | Leave a comment

first nuclear, then uranium, shares tumble

Nuclear sell-off sweeps to uranium mining, Financial Times, By William MacNamara in London,  March 20 2011 The sell-off slamming the nuclear power industry has swept to uranium mining, the source of nuclear fuel, with a range of miners’ shares opening this morning at least 15 per cent lower than levels preceding the earthquake in Japan.
Shares in Cameco, the major Canadian uranium producer, have fallen 20 per cent since March 10 despite Jerry Grandey, chief executive, saying that the impact of the Japanese nuclear crisis on the company’s sales would be “minimal”….

March 22, 2011 Posted by | business and costs, Uranium | Leave a comment

Uranium stocks in meltdown

Uranium stocks dumped after Japan crisis

http://news.ninemsn.com.au/article.aspx?id=8223706

Uranium miners hit by nuclear crisis | Japan

March 14, 2011 Posted by | business and costs, Uranium | Leave a comment

Bad timing for Australia to decide to sell uranium to Middle East

“It’s very poor judgement and poor timing to be proposing to sell this material into the Middle East when tensions are running so high,” said Scott Ludlam, an Australia senator for the Greens, a party affiliated with the government’s minority administration and set to hold the balance of power in the country’s top legislature from July 1. Mr. Ludlam said he wants the government to publish a list of the countries Australia won’t supply with uranium……….

Australia Eyes U.A.E. Uranium Talks, WSJ.com, Edna Curran, 9 March 11, “…..Bilateral talks between the countries will focus on nuclear safeguards and the use of nuclear fuel for Abu Dhabi’s civilian power program due to be ready by 2017, according to a statement by the Australian government……… Continue reading →

March 10, 2011 Posted by | AUSTRALIA, marketing, Uranium | Leave a comment

Price dive for Uranium One’s product

Uranium One has year-end loss  The Calgary Herald March 8, 2011 . Uranium One Inc. reported a fourth-quarter loss of $148.2 million on Tuesday, compared with a profit of $179.6 million in the same period a year earlier. It said the loss was due to a series of one-time expenses.
The company, based in Vancouver and Johannesburg, said the loss amounted to 24 cents a share, compared with a profit of 38 cents a share during the fourth quarter of 2009…….

March 10, 2011 Posted by | business and costs, Canada, Uranium | Leave a comment

Enriched Uranium cleanup sales cause price drop in uranium

Uranium Drops 4.7% After U.S. Approves Fuel Transfers, UxC Says, Bloomberg By Jason Scott – Mar 8, 2011 Uranium prices fell 4.7 percent after the U.S. authorized transfers of the nuclear fuel to fund accelerated cleanup operations at a former enrichment plant owned by the government, according to Ux Consulting Co.Uranium-oxide concentrate for immediate delivery traded at $66.50 a pound in the seven days ended yesterday, down from $69.75 the week before, UxC said in an e-mailed report today, based on the most competitive offer tracked by the Roswell, Georgia-based company…….

March 10, 2011 Posted by | Uranium | Leave a comment

Iran to get uranium from Zimbabwe

Zimbabwe to sell uranium to Iran,  Telegraph, bu Aislinn Laing, 6 Mar 11, Zimbabwe is to defy United Nations sanctions in a deal to sell uranium to Iran

Simbarashe Mumbengegwi, Zimbabwe‘s foreign minister, said the sanctions – which prohibit member states from providing Iran with raw materials that it could use to make a nuclear weapon – were unfair and hypocritical.

He said that Zimbabwe, which is also the subject of sanctions over human rights abuses perpetrated by President Robert Mugabe’s supporters, would benefit economically from the agreement.

A leaked intelligence report suggests Iran will be awarded with exclusive access to Zimbabwe’s uranium in return for providing the country with fuel……. Zimbabwe to sell uranium to Iran – Telegraph

March 7, 2011 Posted by | Iran, politics international, Uranium | Leave a comment

5 to 9 percent drop in uranium price is expected

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010

U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading →

March 5, 2011 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

Grudging recognition of cancers caused by radiation, among uranium workers

employees who worked outside of those dates still have to prove their cancer was caused by radiation at the plant….“They waited so long until almost everyone died,” Wytovak said.

They’re hoping for help in radiation case, Fuel Fix 3 March 2011, “…………“I thought it was a fertilizer plant,” said Wytovak, who discovered later during his 20 years at the plant that he had been part of an unwitting team extracting uranium for nuclear weapons. Continue reading →

March 4, 2011 Posted by | health, Uranium, USA | 1 Comment

Uranium price to fall as USA sells its surplus

In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010

U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading →

March 4, 2011 Posted by | business and costs, Uranium, USA | Leave a comment

Global warming agents released in uranium enrichment

The radiative properties of CFCs make them a dangerous global warming agent — 1,500 times more potent than carbon dioxide, according to EPA figures. Ozone-depleting CFCs have been banned in the U.S. except in the processing of uranium ore.

As U.S. Moves Ahead with Nuclear Power, No Solution for Radioactive Waste, Solve Climate News, By Abby LubyMar 3, 2011.”…….Some observers have challenged the sector’s clean energy claims, however, especially when considering the entire nuclear fuel cycle and its impact on global warming. Continue reading →

March 4, 2011 Posted by | climate change, Uranium, USA | Leave a comment

Uranium mining threatens Hualapai, Havasupai and Navajo nations, and tourism industry

Salazar’s decision to halt new uranium claims would be consistent with permanent bans by Hualapai, Havasupai and Navajo nations on their lands that surround the park….mining is a minor part of northern Arizona’s economy (unlike tourism at the Grand Canyon,

Uranium mining would hurt Grand Canyon area, The Arizona Republic, Tom Chabin,  28 Feb 2011, FLAGSTAFF — I support Secretary of the Interior Ken Salazar’s proposed 20-year ban on new mining claims on public-land watersheds that drain into Grand Canyon National Park. Continue reading →

March 1, 2011 Posted by | indigenous issues, Uranium, USA | 2 Comments

AREVA nuclear company tight-lipped about new government guidelines

Areva: No Comment On France’s Nuclear-Energy Policy Decisions – WSJ.com, By Geraldine Amiel and Angeline Benoit, Dow Jones Newswires;22 Feb 2011, PARIS –French state-controlled nuclear engineering firm Areva SA (CEI.FR, ARVCY) Monday denied to make any comment after the French government issued guidelines for the French nuclear-energy industry, which include the company’s confining its uranium-mining operations into a separate legal unit.The guidelines issued Monday in a statement released by the office of French President Nicolas Sarkozy also say that state-controlled power group Electricite de France SA (EDF.FR) should lead French consortiums to bid contracts abroad.-  Areva: No Comment On France’s Nuclear-Energy Policy Decisions – WSJ.com

February 22, 2011 Posted by | France, Uranium | Leave a comment

New uranium mining threat to biodiversity of Grand Canyon

Mining has been banned within the Grand Canyon national park since President Roosevelt declared it a national monument in 1908.

Demand for uranium threatens Grand Canyon biodiversity Government report released on Friday will recommend whether raft of proposed mines in region should go ahead Felicity Caru guardian.co.uk,   17 February 2011 The natural beauty and unique species of the Grand Canyon are “in the crosshairs” because of renewed interest in the region’s uranium reserves. Continue reading →

February 18, 2011 Posted by | environment, Uranium, USA | Leave a comment

Wikileaks catches Australian Minister out in deception on uranium sales to India

Mr Ferguson declined to comment on the contents of a leaked diplomatic cable, revealed in The Age yesterday, suggesting Australia was planning to sell yellowcake to India

No to Indian uranium sales, The Age, Katharine MurphyFebruary 11, 2011 AUSTRALIA will not sell uranium to India until it signs a nuclear non-proliferation treaty and completes a safeguards agreement, Resources Minister Martin Ferguson says. Continue reading →

February 11, 2011 Posted by | AUSTRALIA, Uranium, Wikileaks | Leave a comment

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