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Goldman Sachs going into uranium

Goldman’s glowing – NYPOST.com, By MARK DeCAMBRE , August 20, 2010 Goldman Sachs is about to go nuclear.The gold-plated investment bank, run by CEO Lloyd Blankfein, is making a concerted push into the delivery of uranium for the first time, adding to its high-powered commodities platform….. Continue reading

August 21, 2010 Posted by | business and costs, Uranium, USA | , , , | Leave a comment

In-situ uranium mining gets stringent rules to protect groundwater

Among other things, the new rules: Require uranium companies to restore groundwater quality to its pre-mining condition or better….Require baseline water quality testing for all in-situ uranium projects during the prospecting phase.

MINING: Colo. adopts strict regulations on in-situ uranium operations WaterWorld, August 19, 2010, Eryn Gable, Colorado officials have approved the nation’s most stringent water quality protections for in-situ uranium operations as part of an effort to update uranium-mining regulations that dated back to the late 1970s. Continue reading

August 20, 2010 Posted by | Uranium, USA, water | , , , , | Leave a comment

Uranium looking like a poor investment

Cameco profit falls as it cuts uranium sales forecast -. Steel Guru , 18 Aug 2010, Cameco Corporation reported a weaker Q2 operating profit as results were hurt by lower uranium sales volumes and a lower realized uranium selling price.The top Canadian uranium producer also lowered its 2010 uranium sales forecast to 30 million pounds from a range of 31 million pounds to 33 million pounds as some customers deferred deliveries into 2011.Cameco said that it expects 2010 uranium revenues to fall 10% to 15% below 2009 levels compared with its prior forecast of 5% to 10% decline….. Steel Guru : Cameco profit falls as it cuts uranium sales forecast – 160993 – 2010-08-18

August 19, 2010 Posted by | business and costs, Canada, Uranium | , , | Leave a comment

Colorado uranium mill not likely to reopen

Uranium pullback, High Country News, Jodi Peterson | Aug 18, 2010 It looks like Colorado won’t have a functioning uranium mill anytime soon – to the relief of anti-nuclear advocates.We reported in July that Cotter Corp. was planning to reopen its Canon City site by 2014. Legislation passed this spring means that Cotter would have to clean up prior contamination before starting to process uranium ore again. Now the company plans to stop the monitoring it was doing for toxic emissions at the site — a signal that it won’t continue trying to reopen the mill…….

Uranium pullback — High Country News

August 19, 2010 Posted by | business and costs, Uranium, USA | , , | Leave a comment

Depleted uranium the likely cause of Iraq child cancers

Many are asking whether this spike could be connected to contamination caused by the use of depleted uranium in the bombs and bullets used by American forces.

Iraqi child cancer ‘linked to US weapons’ 16 August 2010  Source: SBS Dateline The number of deformed babies and children with leukaemia is increasing in Iraq, with locals blaming Depleted Uranium weapons used in US attacks,  …. Continue reading

August 17, 2010 Posted by | depleted uranium, Iraq, Uranium | , , , , , | Leave a comment

Uranium miner Cameco sees sales and shares slide

Cameco trims sales outlook as second-quarter earnings drop 72 per cent, – Winnipeg Free Press. By: The Canadian Press : 13/08/2010 SASKATOON – Cameco Corp. said Friday it is trimming its 2010 sales outlook as the major uranium producer reported a 72 per cent slide in second-quarter earnings. Continue reading

August 14, 2010 Posted by | business and costs, Canada, Uranium | , , | Leave a comment

Brazil enriching uranium, and potential for nuclear weapons

Brazil continues to have a program to produce enriched uranium for power plants, and opened its first uranium enrichment plant in 2006.

The Folly of Brazil’s Exceptionalism, THE HUFFINGTON POST, Daniel Wagner: 9 Aug 2010, “……..Brazil first embarked on a nuclear program in the 1930s and pursued a covert nuclear weapons program until the 1970s. It retains the ability to create nuclear weapons but agreed not to do so under the terms of the Nuclear Non-Proliferation Agreement, and as a signatory to the 1994 Treaty of Tlatelolco, which bans nuclear weapons in Latin America. Continue reading

August 10, 2010 Posted by | Brazil, politics international, Uranium | , , , , , , , | Leave a comment

Continuing issue of smuggling of Highly Enriched Uranium

The Georgian ministry of interior has foiled eight attempts of illicit trafficking of enriched uranium during the last ten years, including several cases of weapons-grade enrichment.”

Nuclear Smuggling in the Former Soviet Union, THE HUFFINGTON POST, Rizwan Ladha , 4 Aug 2010, “……..In 2006, a North Ossetian man named Oleg Khintsagov (sometimes spelled Khinsagov) was arrested for selling 100 grams of highly enriched uranium (HEU) to an undercover Georgian official. He was sentenced to 7 years in prison. An excellent detailed report of the entire episode (in PDF format) is available from the Belfer Center here, and is covered briefly in the new feature film,  Countdown to Zero. Continue reading

August 5, 2010 Posted by | EUROPE, secrets,lies and civil liberties, Uranium | , , , , , , | Leave a comment

Court action to stop uranium drilling

The groups say the government improperly excluded the vent project from federal regulations, deeming it a “special use” rather than a traditional mining operation.
“The agency thus illegally bypassed the strict permitting and environmental protection requirements of its special use regulations,” the groups claim.

Groups Sue to Block Uranium Drilling in Utah, Courthouse News Service,By SUZANNE ASHE  2 Aug 2010,  SALT LAKE CITY (CN) – Three conservation groups want to stop the U.S. Forest Service from allowing a private mining company to drill 16 uranium exploration holes and two 6-foot-diameter vent holes on national forest land in southeast Utah. Continue reading

August 3, 2010 Posted by | Legal, Uranium, USA | , , , | Leave a comment

Uranium Resources share price plunges

NASDAQ downward movements in review:  Penny Stock Live. 2 Aug 2010, Uranium Resources, Inc. (NASDAQ: URRE) plunged by 0.19% to close at $0.52 whereas overall traded volume stood at 1.73 million shares. Uranium Resources, Inc. (URI) is a uranium exploration, mine development and production company.

NASDAQ downward movements in review: (URRE, ALTH, CHINA, SONS, HERO) | Penny Stock Live

August 3, 2010 Posted by | business and costs, Uranium, USA | , | Leave a comment

Legal action against uranium exploration

Conservation groups sue to block uranium exploration | The Salt Lake Tribune, 31 July 2010, A trio of Moab conservation groups has filed suit challenging a decision by the U.S. Forest Service to allow uranium exploration in the Manti-La Sal National Forest.The organizations — Uranium Watch, Center for Water Advocacy and Living Rivers — say the Forest Service gave Denison Mines Corp. permission to drill 16 exploration holes and two radon vent holes as part of an expansion of the Pandora Uranium Mine without doing a full environmental analysis.Their suit, filed Thursday in U.S. District Court in Salt Lake City, seeks to overturn the decision to allow the drilling.The U.S. Attorney’s Office had no comment on the lawsuit.Pamela Manson

Conservation groups sue to block uranium exploration | The Salt Lake Tribune

July 31, 2010 Posted by | Legal, Uranium, USA | , , | Leave a comment

Depleted uranium – the “Trojan horse” of nuclear war

VIDEO

US and UK Forces Used Depleted Uranium (WMD) During The Iraq War! « Socio-Economics History Blog UK confirms using depleted uranium

US and UK Forces Used Depleted Uranium (WMD) During The Iraq War! « Socio-Economics History Blog, 30 July 2010,  “……….Depleted uranium (DU) weaponry meets the definition of weapon of mass destruction in two out of three categories under U.S. Federal Code Title 50 Chapter 40 Section 2302. DU weaponry violates all international treaties and agreements, Hague and Geneva war conventions, the 1925 Geneva gas protocol, U.S. laws and U.S. military law. Continue reading

July 30, 2010 Posted by | health, Uranium, USA | , , , , , , , , , | 3 Comments

Uranium processing costs higher than estimated

The range was significantly higher than the informal federal estimate of $1.4 billion to $3.5 billion for constructing the planned Uranium Processing Facility...

Senator Says Uranium Plant Could Cost Billions More Than Planned NTI: Global Security Newswire, July 27, 2010 U.S. Senator Bob Corker (R-Tenn.) yesterday suggested the expense of building a highly enriched uranium processing center at the Y-12 National Security Complex in Tennessee might ultimately amount to between $4 billion and $5 billion, the Knoxville News Sentinel reported. (see GSN, Oct. 29, 2009).

The range was significantly higher than the informal federal estimate of $1.4 billion to $3.5 billion for constructing the planned Uranium Processing Facility……In a July 6 letter to Deputy Energy Secretary Daniel Poneman, acting Government Accountability Office head Gene Dodaro said his agency believed the plant’s cost might reach or surpass the $3.5 billion threshold, the Nuclear Weapons and Materials Monitor reported (Frank Munger, Knoxville News Sentinel II, July 26)………

July 28, 2010 Posted by | business and costs, Uranium, USA | , , , , , | Leave a comment

Uranium processing costs soar

there are still “significant” issues hindering DOE from bringing projects to completion on time and within budget.

More questions about cost of UPF, Frank Munger’s Atomic City Underground | knoxnews.com, 26 July 2010, Todd Jacobson of Nuclear Weapons & Materials Monitor is reporting that the Government Accountability Office is raising concerns that the cost of the Uranium Processing Facility at Y-12 may reach or even exceed the top end of current estimates ($1.4 billion to $3.5 billion). Continue reading

July 27, 2010 Posted by | business and costs, Uranium, USA | , , , | Leave a comment

Report on UK’s use of depleted uranium weapons in Iraq

“The UK Uranium Weapons Network (UWN) announced today that it has submitted its report on British military use of depleted uranium (DU) ammunition in the 2003 Iraq War to the Chilcot Inquiry.

Latest documents advocating the ban of depleted uranium. By Jerry Mazza, Online Journal, 23 July 2010, “…… recent documents gathered from reliable government and non-government sources. …. Continue reading

July 24, 2010 Posted by | depleted uranium, UK, Uranium | Leave a comment