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Australian uranium companies further down the drain

Oz Minerals pulls out of Toro uranium JV,9 News, 19 Nov 11 OZ Minerals has pulled out of a uranium exploration joint venture with Toro Energy in South Australia, saying no economic uranium has yet been found at the Mt Woods project.
The Toro board has accepted a $3.75 million cash offer from OZ Minerals as consideration for the termination, Toro said in astatement on Friday. ”No potentially economic uranium results have been reported from the Mt Woods project,” Toro said…. Shares in Toro were down 3.41 per cent at 8.5 cents at 1540 AEDT while OZ Mineral shares were 1.89 per cent weaker, compared to losses in the broader market of about 1.8 per cent.
http://finance.ninemsn.com.au/newsbusiness/aap/8376270/oz-minerals-pulls-out-of-toro-uranium-jv

Malawi’s uranium earnings decrease, Daily Times,  17 November 2011   Kingsley Jassi               “….. As the country continues to reel foreign exchange losses incurred through poor tobacco prices and loss of donor aid, more bad news has emerged from the Kayelekera Uranium Mine in Karonga where earnings have gone down due to low uranium prices on the world market.Paladin Energy reveals in its latest report that revenue from sales of Kayerekera uranium in the third quarter of the year 2011 up to September have dropped US$337 million in the quarter, a drop from USD470 realised in the quarter ending June.   The company attributes the poor prices to the Fukushima nuclear disaster in Japan that destroyed nuclear power plant consequently, reducing uranium demand on the market….
http://www.bnltimes.com/index.php?option=com_content&view=article&id=2415:malawis-uranium-earnings-decrease&catid=59:business&Itemid=390

November 19, 2011 Posted by | AUSTRALIA, Uranium | Leave a comment

Australians kept in the dark on USA new military base in Darwin

We need more details of US build-up: Brown, SMH, 17 Nov 11,  Australian Greens leader Bob Brown fears nuclear submarines could be stationed off the coast of Australia as part of a US military build-up in the Top End……

The expansion of the existing collaboration between the Australian Defence Force and the US Marine Corps and US Air Force will allow America to enhance its presence in the Asia-Pacific region

Senator Brown wants to see more details of the deal, announced jointly by Prime Minister Julia Gillard and US President Barack Obama on Wednesday. He also wants a parliamentary debate on the deal. ”I object to Australian people and parliament not knowing what the details are,” Senator Brown told ABC radio on Thursday. Continue reading

November 17, 2011 Posted by | AUSTRALIA, politics international, secrets,lies and civil liberties, USA | Leave a comment

Obama sets uranium policy for Australia as he flips by

Gillard uranium move linked to US: report, Business Spectator, 16 Nov 2011  Prime Minister Julia Gillard’s move to open the door to uranium exports to India reportedly follows talks with the Obama administration. The US has been pursuing a closer partnership with India and considers Australia a key part of its strategy, The Australian reported on Wednesday.

Ms Gillard has denied that the decision was made to coincide with President Barack Obama’s visit to Australia and said it was her decision alone.The Australian, however, reported that US and Australian officials have been in intense strategic discussions about India for several months. http://www.businessspectator.com.au/bs.nsf/Article/Gillard-uranium-move-linked-to-US-report-NMLD2?OpenDocument&src=hp3

India can thank Uncle Sam for Julia Gillard’s uranium backflip, First Post India, 16 Nov 11 Uttara Choudhury   New York: Australian Prime Minister Julia Gillard’s dramatic decision to open the door to uranium exports to India came after talks with the Obama administration, which viewed the ban as a “fly in the ointment” to greater engagement between Washington, New Delhi and Australia in the Indian Ocean region…….

Gillard announced on Tuesday that she will ask the Australian Labour Party to dump its ban on uranium sales to India, at its national conference next month. The ban was imposed by former prime minister Kevin Rudd in 2008 as India wasn’t a signatory to the Nuclear Non-proliferation Treaty. Gillard has denied her decision to seek to overturn the ban is in order to fall in line with the US. She bristled when questioned on the timing of the announcement which coincided with Obama’s state visit to Australia. Gillard said the decision was hers alone…..

She did, however, point to the US-India civil nuclear agreement of 2008, which lifted the “de facto international ban” on the sale of uranium to India….. While Beijing has learned to live with American forces on its eastern periphery, the possibility of an intimate US-India military relationship, as well as India’s position astride China’s key maritime shipping lanes, has generated fears of encirclement…

November 16, 2011 Posted by | AUSTRALIA, politics international, Uranium, USA | Leave a comment

USA to increase its military presence in Australia

 Obama looks to counter China’s influence with Australian naval base, National Post, Peter Goodspeed:  Nov 15, 2011  When Barack Obama arrives in Australia Wednesday he will announce plans to establish a permanent U.S. military presence in a move designed to reassert U.S. interest in the region and counter China’s growing influence in Asia.

In a move that is more symbolic than substantial, the U.S. President will outline plans to rotate 2,000 U.S. Marines a year through a naval base in Darwin, Northern Territory. This will be part of a deal that calls for joint training and military manoeuvres as well as allowing Washington to pre-position military supplies in Australia……

the new basing agreement marks a dramatic change in the thrust of U.S. foreign policy.As Washington prepares to withdraw from a decade-old military involvement in the Middle East and Afghanistan and braces for a possible US$500-billion in military spending cuts over the next five years, U.S. policy makers are pivoting to refocus their attention on Asia.

In an essay for Foreign Policy magazine last month, Hillary Clinton, the U.S. Secretary of State, heralded the dawn of “America’s Pacific Century,” insisting it is in Washington’s interest to reassert its influence in Asia.

November 16, 2011 Posted by | AUSTRALIA, USA, weapons and war | Leave a comment

Obama puts nuclear pressure on Australian Prime Minister

Australia under nuclear pressure, Independent Australia, 15 Nov 2011 The Prime Minister announced today that Australia is set to overturn its ban on uranium sales to India, a non-signatory to the nuclear non-proliferation treaty. The reason why she’s doing this is simple, Barack Obama asked her — because it’s good for the US economy.  Noel Wauchope reports……

As Australia’s biggest trading partner, one would expect that China would be receiving top consideration from the Australian government, but hey — Australia has to be nice to USA, doesn’t it? As we all know, it’s traditional that when USA yells “Jump!”, Australia responds “How high!?”

And so it is that, once again, the Australian government is in the process of jumping hurdles, as dictated by USA, however little sense that might make…..

why do we need this increased U.S. military presence in Australia? Why, to protect ourselves and the U.S.A. against China, of course! (Although Barack Obama did tell the American people that the main purpose was to provide jobs for Americans.)…

The weird part about all this is … that U.S. nuclear companies are selling technology to China to help in its nuclear weapons program….

now, Australia is coming under intense pressure from the U.S.A. to change its policy on uranium sales to India. Why? … — to enable technology sales to India.  Yes, it comes back to the USA’s determination to make money out of nuclear technology.  While USA’s domestic nuclear industry founders – unable to get investment for new nuclear reactors – its big hope is in selling nuclear technology to “developing” countries — India, China, anybody!….

Meanwhile, for Australia, the further development of India’s nuclear arsenal should mean some anxiety about the likely further development of Pakistan’s nuclear arsenal. Well, perhaps Australia should sell uranium to Pakistan, too?

China buys our uranium, as it is a member of the Nuclear Non Proliferation Treaty — but perhaps China will be less than delighted to see Australia stepping outside that Treaty, kowtowing to USA, and furthering the nuclear weapons of its rival, India? http://www.independentaustralia.net/2011/business/australia-under-nuclear-pressure/

November 15, 2011 Posted by | AUSTRALIA, politics international | Leave a comment

To counter China, USA to set up another military base in Australia

U.S. to Build Up Military in Australia, WSJ, By LAURA MECKLER, WASHINGTON, 12 Nov 11—President Barack Obama will announce an accord for a new and permanent U.S. military presence in Australia when he visits next week, a step aimed at countering China’s influence and reasserting U.S. interest in the region, said people familiar with his plans. Continue reading

November 13, 2011 Posted by | AUSTRALIA, USA, weapons and war | Leave a comment

Anti nuclear, anti war protest planned against Obama’s visit to Darwin, Australia

Local activists plan Obama protest News.com.au 10 Nov 11 LOCAL activists angry at US military bases in Australia are planning to protest US President Barack Obama’s trip to Darwin next week. Justin Tutty from Darwin Residents Against War says he expects at least 20 locals to stage a peaceful protest near Parliament when Mr Obama arrives on Thursday.

“Our message is that we don’t want US bases, we don’t want US nuclear warships in Darwin Harbour and we don’t want US troops in Darwin,” Mr Tutty said. There has been speculation Mr Obama will use the visit to make an announcement relating to increasing the US military presence in the Northern Territory.

Australian Defence Minister Stephen Smith recently foreshadowed increasing the number of joint training exercises with America in Darwin and the US storing more equipment in the city for disaster and humanitarian assistance.

Already the US and Australia jointly run the Pine Gap spy base near Alice Springs in the Northern
Territory. Mr Tutty said there was little information about what a greater US presence in Northern Territory would mean.

“They have talked about a pre-positioning base and we are very sceptical about the nature of the base because of all the lies we have been told about Pine Gap,” Mr Tutty said.”For so many years they told us that Pine Gap was a communications base, but in the last few years it has come out about its offensive role and it was used to direct dozens of attacks on Iraq.”  http://www.news.com.au/breaking-news/national/local-activists-plan-obama-protest/story-e6frfku9-1226190123963#ixzz1dLAjnMoG

November 10, 2011 Posted by | AUSTRALIA, politics international | 1 Comment

Woes of Australian uranium miner Paladin

Shutdowns affect Kayerekera production ,The Daily Times, , 02 November 2011   Kingsley Jassi
Frequent shutdowns at Paladin’s Kayerekera Uranium Mine have affected production, incurring the Australian company a loss of 140,000 pounds of the yellow cake in the quarter ending September, a recently released report has said.
The mine produced 395,478 pounds of uranium as compared to 566,248 pounds at the end of the June quarter, according to the report signed by Managing Director, John Borshoff…….

November 3, 2011 Posted by | AUSTRALIA, business and costs, Uranium | Leave a comment

Will Australia afford civil rights to Julian Assange, or kow tow to USA?

Assange’s extradition will have broad implications, not only for the exercise of free speech, but also for all Australians — as it will bring into stark relief our own government’s commitment to our rights as citizens…

If he is sent to Sweden, Assange’s extradition must be conditional on him not being subject to the “temporary surrender” clauses in the bilateral treaty between the USA and Sweden….

[ Former Prime Minister]Kevin Rudd.., unlike the Prime Minister [Julia Gillard]  and Attorney General, knew he was obliged to presume Julian Assange innocent
before proven guilty. Instead of threatening to cancel this Australian passport, the Foreign Minister said publicly that his responsibility was to attend to his legal and consular rights.

While the world watches events unfold in London, we have a singular responsibility here in Australia for the protection the citizenship entitlements of one of our own. The next move is squarely in the court of the Australian Government.

Why Julian Assange Could Be YouNew Matilda.com, By Scott Ludlam, 3 Nov  Australians should watch closely how the Gillard Government responds to Julian Assange’s extradition . It will test Labor’s commitment to all of our rights as citizens Continue reading

November 3, 2011 Posted by | AUSTRALIA, civil liberties | Leave a comment

Downward plunge of prices and shares for uranium mining company

Paladin chief slashes his pay, SMH, Peter Ker,November 1, 2011 PALADIN Energy boss John Borshoff has taken the knife to his $2.5 million salary, in the latest chapter of a miserable year for the struggling uranium miner.

Barely 10 months after enjoying a 5 per cent pay rise, Mr Borshoff has agreed to reduce his pay by 25 per cent as part of a drive to reduce administration costs at the Africa-focused company. The pay cut coincided with a lacklustre quarterly report from Paladin, which has earned a reputation for over-promising and under-delivering. ……… mine production targets were missed by 15 per cent over the past three months, while the company’s forecasts for the uranium price also proved too optimistic.

But the cut to Mr Borshoff’s pay was the stand-out item in the report, and comes after much agitation from investors who have watched the share price plummet since the Japanese nuclear disaster in March.  Mr Borshoff’s remuneration package was worth $2.522 million in the year to June 2011, up from $1.9 million the year before.

That increase to his remuneration, which included a 5 per cent rise in fixed pay, came in a year when Paladin made an increased trading loss of $US82.3 million.   The company sought to justify Mr Borshoff’s remuneration by describing him as a ”recognised global authority” on nuclear power, whose expertise was in ”extremely limited supply” around the world….

Paladin shares fell 6.5¢ to $1.50 yesterday. The stock was fetching $5 in March before the Fukushima nuclear disaster damaged investor confidence in the uranium sector….    http://www.smh.com.au/business/paladin-chief-slashes-his-pay-20111031-1ms4l.html#ixzz1cV3q88BL

November 1, 2011 Posted by | AUSTRALIA, business and costs, Uranium | Leave a comment

Rupert Murdoch’s secret moves to destroy public broadcasting in Australia

In hours, Murdoch could secure his stranglehold on the Australian media by acquiring our public international TV news network — and rob a struggling ABC of $223 million in funding. Communications Minister Stephen Conroy is under pressure to give control over the network to Murdoch instead of the ABC – Murdoch’s mouthpiece The Australian has been leaking details of insider support for Murdoch in a blatant attempt to force Labor into backing his bid. Conroy knows that giving the network to Murdoch would greatly increase the media mogul’s corrupting influence and hurt the ABC, and is looking for a way out.

Rupert Murdoch already owns 70 percent of Australia’s newspapers. Now he’s on the hunt for more media control, and he’s hoping we won’t notice. Through his stake in Australian News Channel, he’s been pushing hard to take over the crucial but low-key ‘Australia Network’: an Australian international public broadcaster that’s available in 44 countries. Murdoch has shown that his empire ruthlessly puts profits above all else — even hacking a murdered school girl’s phone to increase sales. With this extra network, Murdoch would vastly increase his power and take control of Australia’s public image abroad. 

The move is also a key part of his strategy to destroy public broadcasting and silence independent voices. Murdoch knows that the loss of $223 million in funding would severely weaken an already stretched ABC. It would mean the loss of many ABC journalists, and potential closures of overseas news offices. If we let Murdoch win, Australia will become the first country in the world to privatise its international news service…. Continue reading

October 31, 2011 Posted by | AUSTRALIA, media | Leave a comment

Quiet wind turbine for decentralised energy systems

Suited to grid and non-grid connections, the turbine is extremely versatile and has great appeal for commercial sites, urban environments, such as industrial parks, airports, community groups, universities, councils, ports and manufacturing facilities…..

VIDEO
http://www.azocleantech.com/news.aspx?newsID=15749   Australian Company Launches World’s Quietest Wind Turbine, AZO CleanTech October 26, 2011
   Australian renewable energy innovation continues to lead the way with the launch of the worlds’ quietest wind turbine, released to market this week. The cutting edge turbine stands 21 metres high and features a unique, intuitive blade design that is virtually silent.

The Eco Whisper Turbine is set to revolutionise delivery of renewable electricity supply for urban and rural applications, Continue reading

October 29, 2011 Posted by | AUSTRALIA, renewable | Leave a comment

Australia’s media sleeps as governments pander to uranium miner BHP Billiton

Today, October 19,  the multinational mining giant BHP will get its own way, as a subserviant South Australian government rushes through a Bill – giving BHP open slather to set up the world’s biggest man made hole – a uranium mine.

While the Australian mainstream media remains silent, both National and State governments have swiftly given approval, including the continuance of BHP’s exemptions from laws.

  •  it will be an open-cut mine 4km long by 3km wide by 1km deep.
  • The tailings are radioactive and carcinogenic.
  • These tailings will be dumped in a gigantic slag heap the size of a mountain range, above ground.
  • Around 70 million tonnes of finely pulverised tailings will be dumped on open ground every year The dump will eventually cover an area of 44 sq. km and soar 150 metres high.

Under the Roxby Downs Indenture Ratification Act 1982, BHP was given legal authority to override important state legislation, including the:

  • Aboriginal Heritage Act 1988
  • Development Act 1993
  • Environmental Protection Act 1993
  • Freedom of Information Act 1991
  • Mining Act 1971
  • Natural Resources Act 2004 (including the Water Resources Act 1997)…..

October 18, 2011 Posted by | AUSTRALIA, politics | 1 Comment

Australia joins international initiatives to address climate change

The passage of this initiative is still hugely important, if for no other reason than that it shows Big Coal can be rolled.  The coal industry is an even larger part of the Australian economy than it is of the American, and it has an enormous amount of political power.  And just like here in the U.S., there are plenty of shrill politicians in Oz who claim that any new tax will lead to economic ruin.  

Gillard told Members of Parliament that they would be judged on their vote by every Australian, “because the final test is not are you on the right side of the politics of the week, or the polls of the year.”

“The final test is this: are you on the right side of history?
 Australian Carbon Tax Vote: A Very Big Deal,  ROLLING STONE, : OCTOBER 13,   By JEFF GOODELL    So maybe there is hope for us yet.   After what one Aussie columnist calls“the dirtiest and most dishonest campaign ever waged before the Australian public,” with millions of dollars spent on media ads and climate skeptics flown in from around the world, Australia’s House of Representatives voted yesterday, 74 to 72,to levy a tax on carbon pollutionContinue reading

October 15, 2011 Posted by | AUSTRALIA, climate change, politics | Leave a comment

In water-scarce Australia, uranium miner BHP guzzles it for free

Public resources for private profit: free water for the largest open-pit mine in the world Coober Pedy Regional Times, by: Nectaria Calan, 13 Oct 11 In August mining giant BHP Billiton announced record financial results for the 2011 financial year, recording a total net profit of US$23.95 billion, nearly double its 2010 figure of US$13.01 billion.
Despite its profits more than tripling in the last three years, BHP has never paid a cent for the water used at its Olympic Dam copper and uranium mine. The mine currently takes
an average of 37 million litres of water a day from the Great Artesian Basin (GAB). Under the Roxby Downs Indenture Act BHP is not required to pay for this water usage. Continue reading

October 13, 2011 Posted by | AUSTRALIA, Uranium, water | Leave a comment