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Uranium ivestors – bleak outlook following Nuclear Security Summit plan to recycle nuclear fuel

Nuclear Summit Changes Uranium Outlook ninemsn 14/04/2010 By Rudi Filapek-Vandyck US President Obama’s success in convincing world leaders the best way forward is through the conversion of hundreds of thousands of tons of weapons-usable nuclear fuel into non-military fuel for power stations might be good news for world peace, but probably not so for investors in uranium companies.

This week’s nuclear summit in Washington has ended with a general pledge by participants from all over the globe to convert hundreds of thousands of tons of weapons-usable nuclear fuel by 2014, plus an intention to set a 2012 summit in South Korea to measure progress.This inevitably means the supply-outlook has dramatically changed for the sector this week. Nuclear Summit Changes Uranium Outlook

April 15, 2010 Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, enriched, nuclear costs, nuclear spin, nuclear technology, recycling, uranium | Leave a comment

UK to upgrade expensive Trident nuclear weapons

The world unites against nuclear danger: so why is Gordon Brown upgrading Trident? Telegraph UK By Mary Riddell World April 14th, 2010 “…….While Mr Netanyahu is a prime obstacle to global security, Britain cannot claim nearly as much credit as it would like. Gordon Brown, who is pledged, like Obama, to creating a nuclear free world, is going an odd way about it. Labour’s manifesto, like the Tories’, commits to maintaining our nuclear weapons. The planned replacement of Trident, which may cost £76 billion, is not even to be included in the forthcoming Strategic Defence Review. Continue reading →

April 15, 2010 Posted by Christina Macpherson | UK, weapons and war | antinuclear, nuclear, nuclear costs, nuclear weapons | Leave a comment

New Zealand makes a practical contribution to nuclear security

Call in while Down Under, Obama told | Stuff.co.nz NZ contributes to anti-nuclear fund By TRACY WATKINS in Ottawa 15 April 2010, ANTI-NUCLEAR PROJECT FUNDING New Zealand will contribute $685,000 to a Canadian-led project which aims to help prevent the illicit trafficking of nuclear and radiological materials.The money will fund radiation detection equipment for a major Russian nuclear facility.The project was part of the G8 Global Partnership Against the Spread of Weapons of Mass Destruction.

The funding was announced during a trip to Canada by Prime Minister John Key on his way home from President Obama’s two-day nuclear security summit.In a joint press conference with Canadian Prime Minister Stephen Harper, Mr Key said the project was a practical way for New Zealand to reduce the risk of nuclear materials ending up in the wrong hands.New Zealand has committed almost $6 million to G8 Global Partnership projects since 2004. Call in while Down Under, Obama told | Stuff.co.nz

April 15, 2010 Posted by Christina Macpherson | New Zealand, safety | antinuclear, depleted, enriched, nuclear, nuclear costs, nuclear weapons, radiation, radioactive, uranium | Leave a comment

Russia doesn’t count depleted uranium as ‘nuclear wastes’

The Russian state-media report adds the uranium isn’t considered waste material because it can be reprocessed. Depleted uranium, however, has severe health consequences from long-term exposure.

Greenpeace irked by Russia’s uranium, ST. PETERSBURG, Russia, April 14 (UPI) –– A ship from the environmental group Greenpeace arrived Wednesday in St. Petersburg, Russia, to protest nuclear fuel waste shipments from France. Continue reading →

April 15, 2010 Posted by Christina Macpherson | Russia, spinbuster | antinuclear, depleted, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear wastes, uranium | 1 Comment

Ukraine’s enriched uranium to go to Russia

“We are receiving money for the recycling (of the uranium) and the recycling will take place, chiefly, in Russia,”

Russia is likely to take Ukraine enriched uranium, Arab News By REUTERS Apr 14, 2010

KIEV: Russia will take the highly enriched uranium which Ukraine has announced it is giving up, senior officials on both sides said. Ukraine announced on Monday, at a 47-nation summit in Washington on prevention of nuclear terrorism, that it would get rid of a stockpile of highly enriched material by 2012. Continue reading →

April 15, 2010 Posted by Christina Macpherson | business and costs, Ukraine | antinuclear, enriched, fast breeder, nuclear, nuclear costs, nuclear spin, reactors, uranium | Leave a comment

Local authorities would be left to deal with catastrophic nuclear blast

VIDEO Nuclear blast victims would have to wait – USATODAY.com

Nuclear blast victims would have to wait , By Steve Sternberg, USA TODAY 14 April 2010. The White House has warned state and local governments not to expect a “significant federal response” at the scene of a terrorist nuclear attack for 24 to 72 hours after the blast, according to a planning guide. Continue reading →

April 14, 2010 Posted by Christina Macpherson | USA, weapons and war | antinuclear, nuclear, nuclear costs, nuclear weapons, radioactive | Leave a comment

Nuclear Security Summit lifts commercial prospects for ‘Megatons to Megawatts’

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

USEC CEO: Nuclear Security Supported by Innovative Industry Program – MarketWatch 13 April 2010, ProgramMegatons to Megawatts on Schedule to Eliminate Equivalent of 20,000 Nuclear Warheads USEC Inc. President and CEO John Welch issued the following statement today in support of President Barack Obama’s Nuclear Security Summit:

“This week’s historic summit in Washington is a timely reminder of the threat facing our world from potential nuclear action by terrorists. USEC and others in the commercial nuclear industry have worked for many years in close coordination with our governments to support the security and elimination of nuclear weapons material around the world in order to reduce this threat….. Continue reading →

April 14, 2010 Posted by Christina Macpherson | business and costs, technology, USA | antinuclear, disarmament, enriched, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear technology, nuclear weapons, reactors, uranium | Leave a comment

Weapons plutonium for USA and Russia’s fast neutron reactors

US, Russia, Sign Protocol to Dispose of 17 Thousand Weapons’ Worth of Plutonium, Political Punch April 13, 2010 As the first Nuclear Security Summit began coming to a close, Secretary o f State Hillary Clinton and Russian Foreign Minister Sergei Lavrov agreed that their countries would each dispose up at least 34 metric tons of excess weapon-grade plutonium – 68 metric tons total — enough material for approximately 17,000 nuclear weapons. Continue reading →

April 14, 2010 Posted by Christina Macpherson | Russia, technology, USA | antinuclear, enriched, fast breeder, nuclear, nuclear costs, nuclear renaissance, nuclear secrecy, nuclear spin, nuclear technology, nuclear weapons, radioactive, reactors, uranium | Leave a comment

Mexico sending its highly enriched uranium to USA

Mexico agrees to give up highly enriched uranium Los Angeles Times April 13, 2010 The nations of North America said they will work to eliminate highly enriched uranium from Mexico’s research reactors, an effort to protect against the proliferation of nuclear materials, the White House announced on Tuesday.The agreement was announced on the second
“The conversion of the reactor’s use of highly enriched uranium to low enriched uranium fuel will enable the elimination of all the remaining highly enriched uranium from Mexico. Mexico agrees to give up highly enriched uranium | D.C. Now | Los Angeles Times

April 14, 2010 Posted by Christina Macpherson | SOUTH AMERICA, technology | antinuclear, enriched, nuclear, nuclear costs, nuclear technology, reactor, uranium | Leave a comment

Enriched uranium to USA – Canada joins the move

Canada to Transfer Enriched Uranium to U.S. ABC News , April 12, 2010 As President Obama’s Nuclear Security Summit kicked off Monday, Canadian Prime Minister Stephen Harper announced that his government had agreed to return to the United States highly enriched uranium from the nuclear reactor at the Chalk River Laboratories in Ontario. Canada to Transfer Enriched Uranium to U.S. – Political Punch

April 14, 2010 Posted by Christina Macpherson | business and costs, Canada | antinuclear, enriched, nuclear, nuclear costs, uranium | Leave a comment

18 countries sending weapons grade uranium to USA

U.S. a Popular Destination for the World’s Unwanted Nuclear Supply, By Judson Berger – FOXNews.com13 April 2010, The United States rapidly is becoming the hottest destination for unwanted nuclear fuel, as the Obama administration steps up efforts to relieve other countries of their weapons-grade nuclear supplies…… Continue reading →

April 14, 2010 Posted by Christina Macpherson | business and costs, USA | antinuclear, enriched, nuclear, nuclear costs, nuclear spin, uranium | Leave a comment

The economic and social realities of nuclear energy

Waste not … or get nukes — High Country News, Eric Jantz Apr 13, 2010 “……..To begin with, there’s the issue of who benefits from increasing nuclear power generation. At every point along the nuclear fuel chain, the flow of money reinforces current economic and social power disparities. Continue reading →

April 14, 2010 Posted by Christina Macpherson | 2 WORLD, Religion and ethics | antinuclear, AREVA, energy efficiency, nuclear, nuclear costs, nuclear renaissance, nuclear spin, nuclear wastes, radiation, radioactive, reactors, renewable energy, uranium | Leave a comment

Dismantled bombs provide nuclear fuel, keeping uranium prices down

Radioactive Warning – WyattResearch.com, 14 April 2010, Why haven’t prices spiked yet? Where is the supply coming from to meet current demand?The answer is: nuclear bombs. A New York Times article from November 11, 2009, revealed that nuclear power plants in the United States get a large amount of their fuel from dismantled Russian and U.S. bombs….

April 14, 2010 Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, nuclear, nuclear costs, uranium | Leave a comment

Old Russian nuclear warheads to become fuel for U.S. commercial nuclear reactors

Nuclear twist sees Russian warheads warming US homes Herald Sun AFP , April 13, 2010, IN A strange twist of Cold War enmity on the melt, uranium from what once were Russian nuclear warheads is used to heat and light American homes, thanks to the Megatons to Megawatts Program – a successful example of nuclear non-proliferation. Continue reading →

April 13, 2010 Posted by Christina Macpherson | politics international, Russia | antinuclear, disarmament, enriched, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear technology, nuclear wastes, nuclear weapons, radiation, radioactive, reactors, uranium | Leave a comment

International “nuclear fuel bank” a part of nuclear security strategy?

President Obama intends for American to bankroll an international nuclear fuel bank to dissuade countries from building their own uranium enrichment facilities.

President Obama’s Next Nuclear Disarmament Move? Enriched Uranium Handouts – Big Government, by Marinka Peschmann 13 April 2010, President Obama is convening a Global Nuclear Security Summit in Washington beginning on Monday. “The purpose… would be to achieve the highest levels of nuclear security, which the president believes is essential for enhanced international security and for the peaceful development and the global expansion of nuclear energy…” (italics mine) Continue reading →

April 13, 2010 Posted by Christina Macpherson | politics international, USA | antinuclear, enriched, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear weapons, uranium | Leave a comment