Australia’s uranium industry not looking good for the future
The uranium price tanked after the Fukushima disaster and so far there is no sign of a bounce.
Uranium flashpoint in the wild West, The Drum, Jim Green, 22 May 12, Interesting times in the uranium sector. The mining companies have had a few wins in the 14 months since the Fukushima disaster, but they’ve had more losses.
Bill Repard, organiser of the Paydirt Uranium Conference held in Adelaide in February, put on a brave face with this claim: The sector’s hiccups in the wake of Fukushima are now over with, the global development of new nuclear power stations continues unabated, and the Australian sector has literally commenced a U-turn in every sense.
Yet for all the hype, uranium accounts for a lousy 0.03 per cent of Australian export revenue and a negligible 0.02 per cent of Australian jobs. The industry’s future depends on the nuclear power ‘renaissance’, but global nuclear power capacity has been stagnant for the past 20 years, and if there is any growth at all in the next 20 years, it will be modest. Continue reading
Large scale study shows Australia is warming, due to global greenhouse emissions
“Our study revealed that recent warming in a 1,000-year context is highly unusual and cannot be explained by natural factors alone, suggesting a strong influence of human-caused climate change in the Australasian region,”
1,000 years of climate data confirms Australia’s warming http://phys.org/news/2012-05-years-climate-australia.html May 17, 2012 By Alvin Stone In the first study of its kind in Australasia, scientists used 27 natural climate records to create the first large-scale temperature reconstruction for the region over the past 1,000 years. The study led by researchers at the University of Melbourne, used a range of natural indicators including tree rings, corals and ice cores to study Australasian temperatures over the past millennium. They then compared these with climate model simulations.
Dr. Stephen Phipps, a researcher with UNSW’s Climate Change Research Centre and the Centre of Excellence for Climate System Science led the climate model simulation research. He said the results showed there were no other warm periods in the past 1,000 years that match the warming experienced in Australasia since 1950. Continue reading
Massive Olympic Dam uranium mine project might mot go ahead
projects such as the massive expansion of the Olympic Dam copper-uranium mine in Australia and the potash development in Canada are far less certain…… Where the money is put will say a lot about their expectations for demand for specific commodities now and into the future.
Knives Are Out, But Will BHP and Rio Cut?, WSJ, By Robb M. Stewart, May 16, 2012, BHP Billiton and Rio Tinto have signaled that harder times lie ahead for global miners but have given little indication of where the cuts, if any, will come to the billions of dollars worth of mining projects that both have in the pipeline in Australia and globally.
Neither is backtracking on their long held view about China’s long-term demand for iron ore and coal, but it is now clear that not every expansion project is guaranteed to get off the ground in the current environment–and those that do will be phased in over a longer time period… Continue reading
Deception by Australian State Ministers about sales of uranium to India
Who is telling the truth? New South Wales Minister for Resources, Mr Hartcher? or the Queensland government?
In fact, both States prohibit uranium mining. New South Wales has recently allowed uranium exploration only.
THE HINDU 4 May 2012, reports that New South Wales Minister for Resources and Energy and Central Coast Christopher Peter Hartcher announced on Friday that both New South Wales and Queensland State governments in Australia had changed their laws which prohibited mining and sale of uranium.
Also Mr Hartcher is quoted “We also respect India’s decision on not signing the Nuclear Proliferation Treaty (NPT)” http://www.thehindu.com/news/national/article3384772.ece
See this article – No plans for uranium mining ban rethink http://www.abc.net.au/news/2012-05-02/no-plans-for-uranium-mining-ban-rethink/3984350?section=business By Stephen Smiley ABC News May 02, 2012 “The State Government says it has no plans to revisit Queensland’s ban on uranium mining.”
Queensland Premier Newman has recently reiterated the position that uranium mining is banned in Queensland.
And as for Mr Hartcher “respecting” India’s decision on the NPT, he is in the minority. Most Australians are appalled at the idea of selling uranium to a country that won’t sign the NPT.
Australia’s Aborigines fight laws that will take more of their land for mining
NT elders fight Stronger Futures law plans, THE AUSTRALIAN AAP , May 02, 2012 ABORIGINAL leaders from Arnhem Land communities have threatened a revolt against the Federal Government’s Stronger Futures laws by refusing to participate in land lease negotiations or give the nod to mining exploration licences. Continue reading
BHP Board might not approve development of world’s biggest uranium mine
Acting chief executive of the South Australian Chamber of Mines and Energy Nigel Long said the state’s mining industry was not solely reliant on the expansion of Olympic Dam because there were other “exciting opportunities” ahead,
“The decision to press the pause button is a decision to be made by the BHP board, but we see a very good future for other projects in South Australia regardless…..
The BHP board will be considering whether to approve the project at a time when cost pressures in Australian mining are rising and profit margins are contracting.
BHP has Olympic hurdles to overcome, Financial Review 17 APR 2012 The South Australian government says it is not inclined to grant BHP Billiton an extension on an approvals expiring in December that cover the $US20 billion expansion of the Olympic Dam mine at this stage. Jamie Freed and Lucille Keen Continue reading
Australia launches renewable energy fund
$10b fund for renewable energy firms http://www.perthnow.com.au/business/b-fund-for-renewable-energy-firms/story-e6frg2r3-1226330084361 AAP April 17, 2012 COMPANIES involved in renewable energy will soon be able to tap into a $10 billion federal pool. The Gillard government released today an independent review into the Clean Energy Finance Corporation (CEFC), which is due to start operating from July 2013.
The government accepted all recommendations made by the review.
The CEFC will provide $10 billion worth of financing to companies involved in renewable energy, low-emissions and energy efficiency technology. The review was led by Reserve Bank of Australia board member Jillian Broadbent.
The CEFC will encourage private investment and help overcome capital market barriers for cleaner energy technologies, the government said in a statement today.
The fund will apply “commercial rigor” to its investment decisions to make sure companies have a positive rate of return and are able to repay the loans.
30 years later, today’s road workers affected by radioactive spill
Workers sick amid highway radiation scare http://www.abc.net.au/news/2012-04-18/radioactive-discovery-halts-pacific-hwy-upgrade/3957168 April 18, 2012 Road workers were sent for medical treatment after vomiting when suspected nuclear material was unearthed during work on an upgrade to the Pacific Highway on the mid-north coast of New South Wales The materials, which include caesium, were buried north of Port Macquarie after a truck carrying radioactive isotopes from Sydney’s Lucas Heights nuclear reactor crashed in the area in 1980.
The isotopes were being taken to Brisbane, before being shipped to the United States. The upgrade’s project manager, Bob Higgins, says road workers fell ill after unearthing a strange clay-like material.
“As we’ve taken down the cutting there we exposed the face of the existing material (and) came across a clay material that when it’s exposed to air it gets an orange streak through it,” he said. ”There were a number of workers that felt a little bit of nausea and there was a bit of vomiting when they were in close proximity. ”[They went] off to the doctor, but obviously we need to be extremely careful here.”
The Environmental Impact Statement for the highway upgrade had noted some uncertainty about where exactly the containers were buried. Specialists are in the area assessing what to do with the radioactive materials, and if they pose any risk.
Let the Facts Speak: 1980, December 4 PORT MACQUARIE, AUSTRALIA Continue reading
Paladin Uranium shares go further down
Paladin misses targets, shares drop, Peter Ker April 16, 2012 Shares in Paladin Energy are sliding lower this morning, after the uranium miner revealed it had missed production targets yet again and had been forced to reduce its annual production targets.
Uranium production at Paladin’s flagship Langer Heinrich mine was 10 per cent below the company’s target during the first three months of2012, while its secondary mine also missed its production targets.
The missed targets, combined with concerns over Paladin’s debt, was pushing shares were down by 3 cents to 1.77 shortly after 11am…. Many analysts are concerned about Paladin’s debt levels, and the company is looking to sell minority stakes in its non-producing assets as a way to boost cashflow.
Concerns over the debt situation prompted Patersons Securities to downgrade Paladin to a sell earlier this month. http://www.brisbanetimes.com.au/business/paladin-misses-targets-shares-drop-20120416-1x2od.html#ixzz1sQlkNcbp
Continued poor prospects for uranium. ERA may close its Ranger mine
Spot Uranium Grafting, 9 News Finance, 13 April 12, ”………Activity in general remains sluggish, and while two transactions were reported last week in the term market they were both pretty small by term market standards…
..Energy Resources of Australia managed a 5% price increase over the quarter but remains in thebalance. The company has elected to spend $120m to explore the underground potential at its premier Ranger mine in the northern territory, known as the Ranger Deeps project.
If ERA decides the Deeps is not a commercially viable proposition, Ranger is destined to quietly shut down. Merrills suggests known reserves are unlikely to last beyond this year and stockpiles would be gone in 3-4 years.
Meanwhile, Merrills has ceased coverage of Extract Resources post takeover and its impending de-listing this week.
The broker has also taken the opportunity to review its uranium price forecasts to account for weaker Japanese demand now apparent one year after Fukushima. The analysts’ 2012 spot price forecast falls to US$56.25/lb from US$58.50/lb and 2013 to US$67.50/lb from US$70.00/lb. Merrills’ long term price drops to US$63.00/lb from US$65.00/lb. …
http://finance.ninemsn.com.au/newscolumnists/greg/8449091/spot-uranium-grafting
USA military bases in Australia – making Australia a nuclear target?
If too closely aligned with the US, Australia will be associated with any mistakes. US actions, mounted from Australia, will implicate Australia. In the Cold War US joint intelligence facilities were a target for Soviet nuclear weapons……
Australia needs to be careful that it does not make inevitable the future that it should fear the most. Current decisions are being made without public debate or discussion. Once made they will be difficult to reverse.
We must not get too close to the US, BY: PETER LEAHY The Australian April 12, 2012 “……. there can be too much of a good thing, especially if it involves putting unnecessary pressure on China. By substantially increasing its
close relationship with the US, Australia may unduly complicate its relationship with China. Care needs to be taken to ensure that Australia is not caught between the US, as security guarantor, and China as economic underwriter.
As a sovereign nation Australia should maintain the ability to say no to the US and separate itself from its actions. This will require careful thought and deft diplomacy……By agreeing to the US Marine Corps and potentially more extensive air and naval access requests, Australia has confirmed that it is firmly in the US security camp……. Continue reading
Lynas rare earths company has to get Australia to agree to take back radioactive wastes
Onus is on Lynas to get nod for waste shipment’, The Malaysian Star Reports by MARTIN CARVALHO, YUEN MEIKENG, RAHIMY RAHIM and TASHNY SUKUMARAN , 29 March 12, THE onus of obtaining permission from the authorities to ship waste from the proposed rare earth plant in Gebeng, Pahang, to Australia lies with operators Lynas Corporation, said Science, Technology and Innovations Minister Datuk Seri Dr Maximux Ongkili.
“There has been no official word from the authorities in Australia over the shipment (of the waste) and I have not received any formal communication,” he said at Parliament lobby.
Though helping facilitate Lynas’ investment in setting up the plant here, he noted there were conditions that the company must fulfil with the onus on them to obtain approval for waste shipment to Australia if the need arose. “We are not here for the purpose of just helping Lynas. We have set conditions and they must follow,” he said.
The Atomic Energy Licensing Board’s (AELB) imposed five conditions for the issuance of a temporary operating licence for the Lynas plant which includes locating a suitable site for a permanent disposal facility. “If Lynas cannot process the wastes here according to our standard or cannot find a permanent disposal site, then they have to seek a site outside this country…..
“Otherwise, I am not giving the licence as they have signed for that,” Ongkili repeatedly said….. Ongkili said Lynas Corporation chose to have its rare earth plant in Malaysia because the cost to operate the facility here was 30% of that in Australia….. http://thestar.com.my/news/story.asp file=/2012/3/28/parliament/11002216&sec=parliament
Hypocrisy and racism – Australia’s sorry nuclear history
Dumping on Traditional Owners: the ugly face of Australian racism The Drum, 29 March 12 The nuclear industry has been responsible for some of the crudest racism in Australia’s history.
This racism dates from the British nuclear bomb tests in the 1950s but it can still be seen today.
The British government conducted 12 nuclear bomb tests in Australia in the 1950s, most of them at Maralinga in South Australia. Permission was not sought from affected Aboriginal groups such as the Pitjantjatjara, Yankunytjatjara, Tjarutja and Kokatha. Thousands of people were adversely affected and the impact on Aboriginal people was particularly profound.
Many Aboriginal people suffered from radiological poisoning. There are tragic accounts of families sleeping in the bomb craters. So-called ‘Native Patrol Officers’ patrolled thousands of square kilometres to try to ensure that Aboriginal people were removed before nuclear tests took place. Signs were erected in some places – written in English, which few in the affected Indigenous communities could understand. The 1985 Royal Commission found that regard for Aboriginal safety was characterised by “ignorance, incompetence and cynicism”. Many Aboriginal people were forcibly removed from their homelands and taken to places such as the Yalata mission in South Australia, which was effectively a prison camp.
In the late-1990s, the Australian government carried out a clean-up of the Maralinga nuclear test site. It was done on the cheap and many tonnes of debris contaminated with kilograms of plutonium remain buried in shallow, unlined pits in totally unsuitable geology. As nuclear engineer and whistleblower Alan Parkinson said of the ‘clean-up’ on ABC radio in August 2002:
“What was done at Maralinga was a cheap and nasty solution that wouldn’t be adopted on white-fellas land.”
Despite the residual contamination, the Federal Government has off-loaded responsibility for the land onto the Maralinga Tjarutja Traditional Owners. The Government portrays this land transfer as an act of reconciliation, but the real agenda was spelt out in a 1996 government document which states that the clean-up was “aimed at reducing Commonwealth liability arising from residual contamination.”….. http://www.abc.net.au/unleashed/3919296.html
Earthquake close to planned vast uranium mine in Australia
26 March 12 BHP Billiton’s planned new mega uranium mine at Olympic Dam in South Australia will be the world’s largest man-made hole. The planned open-pit mine would be 4.1 kilometres long, 3.5 kilometres wide and 1 kilometre deep. It is hard to imagine the size of this thing, and of its impact on the environment.
Just for one consideration – Australian airway flight paths will have to be changed, because this gigantic hole will have such an effect on the weather as to change the wind patterns in the region!
But – for another consideration – this uranium orebody it is situated on an earthquake fault. The current succession of earthquakes must surely cause South Australia to reconsider the wisdom, or otherwise, of siting the monster mine there! – Christina Macpherson
SEISMIC SURGE IN FAR NORTH: 3.9 EARTHQUAKE NEAR ROXBY DOWNS, Coober Pedy Regional Times, 26 March 12, A 3.9 magnitude earthquake has struck near Olympic Dam in South Australia’s Mid – Far North overnight, in addition to a spate of 4 separate earthquakes in the Far North of the state in the past week.
The succession of medium to significant earthquakes has promted Geoscience Australia to begin setting up seismic monitoring equipment in the Far North where three of the earthquakes occured last week including a 6.1 magnitude quake….. The most recent earthquake which occured overnight is not far from the townships of Roxby Downs and Andamooka near the Stuart Highway, and situated within relatively close proximity to a number of the state’s mining and prospecting operations including the Olympic Dam uranium mine, whose massive orebody engulfs the 35km Masher’s Fault. …… http://cooberpedyregionaltimes.wordpress.com/2012/03/26/seismic-surge-in-far-north-3-9-earthquake-near-roxby-downs/
Australian Aboriginal takes legal action against planned huge uranium mine
Environmental Defenders Office (SA) Inc, 22 March 12, Mr Kevin Buzzacott has filed an application in the Federal Court challenging the Commonwealth Environment Minister’s approval of the Olympic Dam expansion. He is represented by the Environmental Defender’s Office (SA) Inc (EDO) in those proceedings.
Mr Buzzacott (known as Uncle Kevin) is an Aboriginal Elder of the Arabunna Nation in Northern South Australia, who is concerned about the impacts of the mine on the environment. Continue reading
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of the week– Nuclear Reactor Information Task Force
14 May – online event From Bombs to Data Centres: the Face of Nuclear Colonialism
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