Cameco’s Central Australian uranium mine likely to be a dud
A uranium hole in the heart
Green Left Daniel Clarke, Alice Springs 23 August 2009“…………………….Monash University civil engineering lecturer Dr Gavin Mudd said US President Barack Obama’s push for a cut in the world’s nuclear weapons stockpiles would lead to a collapse in uranium prices.“A lot of the uranium from those nuclear warheads would flood the energy market post-2013 and make the arguments for new mines completely botched”, he told GLW. “You can already see the jitters from uranium miners over some of these concerns.”
“With expanded production capacity coming out of South Australia’s Olympic Dam it’s really hard to imagine a scenario where a project like Angela Pamela is going to be economically viable.”Mudd said it was “silly” to say a uranium mine posed no risk to the Alice Springs water supply.
“If they’ve got an open-cut mine or an underground mine they have to build a tailings dam. The fact remains that every tailings dam leaks. It’s not a matter of if; it’s a matter of how much and what the potential impacts are likely to be.”
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