Future is a gamble for uranium companies
Companies Bet on Rise in Demand for Uranium, By MATTHEW L. WALD NYTimes.com June 18, 2010 WASHINGTON — Uranium enrichment, the market that the Noble Group has entered with its purchase of USEC stock, is a globalized business fraught with uncertainty.
Besides rapidly changing technology and questions about how many new reactors will be built, the market can be affected by vagaries like future arms control agreements……….. Continue reading
Enriched uranium market all a bit of a gamble
Companies Bet on Market for Enriched Uranium, Online Casino Guide, Changes in technology and vagaries like future arms control agreements can affect companies like Urenco and USEC.
Companies Bet on Market for Enriched Uranium | Online Casino Guide
Saudi Arabia planning to enrich uranium?
Kingdom may enrich uranium for nuclear plants By AMENA BAKR | REUTERS Arab News, Jun 17, 2010 DUBAI: Saudi Arabia may mine and enrich uranium to fuel power plants if it embarks on a civilian nuclear energy program, a consultant preparing a draft nuclear strategy for the Kingdom said on Wednesday….
Saudi Arabia and the United States signed a nuclear cooperation deal in 2008. France said in 2009 it was close to finalizing a civilian nuclear agreement. The Kingdom has also talked to Russia about nuclear cooperation. Any program would likely be similar in value and size to the UAE’s plan, Elkuch said. Kingdom may enrich uranium for nuclear plants – Arab News
Russia financing Ukraine, Kiev planning new nuclear power
Russia lends Ukraine $2bn: what does it want in return? | FT.com, June 11, 2010 by Roman Olearchyk Now that the west seems to fear to tread very far into Ukraine, Russia is more than happy to step into the breach…it seems that the Russian bank has agreed to shore up the public finances for six months. The short-term benefits to Kiev are obvious: but the long-term implications of the dramatic increase in Russian influence that has followed president Viktor Yanukovich’s election have yet to become clear……….Kiev also hopes soon to ink a $4-5bn loan from Russia to finance new nuclear power blocs.
Russia lends Ukraine $2bn: what does it want in return? | beyondbrics | FT.com
Burma developing nuclear power, funded by multinational oil companies
how could Burma, Southeast Asia’s poorest country, possibly afford to finance a nuclear program? The answer involves the military regime’s partnerships with multinational companies, including some of the world’s largest and best known oil firms
Oil Companies Financing Nuclear Threat in Burma, Refusing Transparency, THE HUFFINGTON POST, Mathew Smith, June 10, 2010 , The world has a new nuclear threat on its hands; the first ever in Southeast Asia.According to a disturbing five-year study released Friday by the Democratic Voice of Burma (DVB), carried on Al Jazeera, and vetted by a nuclear scientist and former director of the International Atomic Energy Agency (IAEA), the ruling military junta in Burma (Myanmar) is “mining uranium, converting it to uranium compounds for reactors and bombs, and is trying to build a reactor and or an enrichment plant that could only be useful for a bomb.” Continue reading
Russia’s nuclear agency Rosatom involved in Iran, France, Australia
Rosatom Agrees to First Asset Sale to Foreign Investor, The Moscow Times, 09 June 2010By Anatoly Medetsky “…..Kiriyenko (pictured) announced that
Russia and Iran would jointly run Iran’s first nuclear power plant that Rosatom plans to launch in August. Iran agreed to establish a joint venture with Rosatom to operate the plant because the country doesn’t have enough experience in maintaining such facilities, he said.In other news, Rosatom signed an agreement with the French Atomic Energy Commission to expand cooperation on reprocessing, decommissioning and isotopes technology.
In what could further extend Rosatom’s international reach, the State Duma is scheduled to ratify an accord between Russia and Australia on peaceful nuclear cooperation on Wednesday. Continue reading
Western powers now hoping that poverty will stop Iran’s nukes
The theory now is that rather than leading directly to a change of policy, the effect of the latest sanctions package will be to underline the cost of maintaining the nuclear programme. The positive message is that compliance with international demands would mean a scramble for western investment
Ahmadinejad may have to choose between uranium and butter, guardian.co.uk, Ian Black, 9 June 2010, Iranian president faces having to raid the coffers to fund his nuclear ambitions, but how will the jobless and hungry react? Iran‘s economy is in serious trouble even without new UN sanctions Continue reading
Equipment for Iran’s uranium enrichment smuggled in via Dubai
Report: Iran smuggling German-made nuclear equipment via Dubai, Haaretz Daily Newspaper 06.06.10 Sunday Telegraph: Dubai intermediary sells Iran components bought from German manufacturer without its knowledge in violation of UN resolutions. Iran has been able to smuggle advanced technological equipment to its uranium enrichment plant in Natanz via a complex smuggling route based in Dubai, the Sunday Telegraph reported on Sunday.
According to the report, an Iranian company has purchased control systems from one of Germany’s leading electronic manufacturers. The deal was negotiated with a Dubai trading company, which in turn sold Iran a range of electronic equipment for use at its enrichment facility, the British website reported…..According to the Sunday Telegraph, Iran has smuggled German computers, controllers, communication cards and cables into Iran. The equipment was sold to Iran via a Dubai intermediary, using false certificates for company .. Report: Iran smuggling German-made nuclear equipment via Dubai – Haaretz Daily Newspaper | Israel News
Highly radioactive wastes from “next generation” nuclear reactors
waste from the next generation plants that use enriched uranium fuel would be two to 158 times more radioactive than waste from existing Canadian reactors….. unfairly paid for by taxpayers, ratepayers and future generations.”
Waste from proposed nuclear plants more radioactive: report The Vancouver Sun, By Mike Desouza, Canwest News Service May 31, 2010 The latest generation of proposed multi-billion dollar Canadian nuclear plants could be up to 158 times more hazardous than their predecessors, opening the door to massive cost overruns and possibly forcing taxpayers to pick up the tab, warns a report to be released today……….. Continue reading
Stop enriching uranum – U.N. Secretary General urges Iran
UN Secretary-General Ban urges Iran to desist uranium enrichment to 20%, NEW YORK (BNO NEWS) 29 May 2010, – United Nations Secretary-General Ban Ki-moon urged Iran on Friday to end its continued efforts to enrich uranium to 20 percent purity, the UN News announced.Ban said that if Iran stopped its uranium enrichment it would build a mutual trust over the Iranian nuclear program which the Asian country claims is for purely peaceful energy production but that many nations, and mainly the U.S., see that as an effort to obtain atomic weapons.“I have been repeatedly urging to the Iranian authorities that they have to clear their nuclear program, that it is exclusively for peaceful purposes, and it is not meant for military purposes, and they should fully comply with the relevant Security Council resolutions,” Ban said.Iran continued with its uranium enrichment process even after it agreed to ship low-enriched uranium out of the country in exchange for high-enriched uranium for use at a civilian nuclear research site. UN Secretary-General Ban urges Iran to desist uranium enrichment to 20%
President Obama losing credibility on environment
In his State of the Union speech, President Obama called for “a new generation of safe, clean nuclear power plants.” After issuing $8 billion in nuclear energy loan guarantees in February, the administration is poised to announce another $9 billion for the nuclear energy industry. The Energy Department also just announced a $2 billion loan guarantee to French-owned Areva Inc. for construction of a uranium enrichment plant in Idaho after a ban on such private facilities since the 1970’s.
Are Obama’s Energy Plans Jinxed?, THE HUFFINGTON POST, D.A. Barber, 26 May 2010, President Obama’s inability — or unwillingness — to take control of the Gulf Coast oil disaster seems to be part of a larger pattern. Many environmentalists say they feel betrayed by a president they thought would end, or sharply limit, many environmental horrors of the past. Continue reading
U.S. media bias in failing to report full story on Iran’s nukes
it seems, the United States isn’t ready to deal because the Obama Administration is afraid of Congress.
(VIDEO)Robert Naiman: U.S. Media Censors U.S. Support of Iran Fuel Swap
U.S. Media Censors U.S. Support of Iran Fuel Swap, THE HUFFINGTON POST, Robert Naiman, 25 May 2010, “……….But if you get your information from major U.S. media, here’s something that you almost certainly don’t know: Brazil and Turkey say that before they reached the deal, they understood that they had the backing of the Obama Administration for their efforts. The available evidence suggests that Brazil and Turkey had good reason to believe that they had U.S. support, and that the Obama Administration has taken a 180 degree turn in its position in the last few weeks, and is now trying to cover its tracks, with the active collaboration of major U.S. media. Continue reading
U.S. Senator enthuses over $2 billion loan to France’s nuclear giant AREVA
Iran planning new uranium enrichment facility
Iran to begin construction of new enrichment plant Tehran Times 20 May,2010, TEHRAN — Iran plans to begin construction of a new uranium enrichment facility by late March 2011, Atomic Energy Organization of Iran Director Ali Akbar Salehi said on Wednesday.“This year (1389), after the preliminary stages are conducted, (we) will begin the construction of one of these plants,” Salehi told reporters when asked if any decisions have been made about the locations of the planned plants.Iranian calendar year 1389 began on March 21, 2010 and ends on March 20, 2011.In 2009, the Iranian government approved plans to build 10 new uranium enrichment plants………..
Salehi also said that the Bushehr nuclear power plant is going through its final tests and will come on stream this summer. ….
Asked if the secretary of Iran’s Supreme National Security Council, Saeed Jalili, would be having a meeting with European Union foreign policy chief Catherine Ashton, Salehi said both sides have expressed their interest in holding talks and they will probably meet in Turkey. …tehran times : Iran to begin construction of new enrichment plant
Iran’s storage deal: less of a worry than Israel’s nuke arsenal?
Iran’s Uranium Storage Deal, Craig Murray , 18 May 2010, -Iran undoubtedly pulled off a diplomatic coup with its announcement yesterday of a deal with Brazil and Turkey to store its low grade uranium. It is very hard for even the most ardent warmonger to claim that Iran is enriching uranium to make nuclear weapons, when that same uranium is in storage in Turkey….there is no indication that Iran has the ability for years to produce a nuclear weapon, and this arrangement makes that ever more plain. If any nation has a genune concern that Iran is seeking to develop a nuclear weapon, this agreement to remove almost the entire stock of uranium from Iran can only be welcomed.The failure to welcome this step by US and UK governments indicates that their actual agenda does not relate to Iran’s nuclear programme at all. And I still wait for a British minister to say something about Israel’s very real and very large stockpile of nuclear weapons.
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