Antinuclear

Uranium mining shareholders unaware of problems

Christina Macpherson 16 Sept 09

Mega uranium is to start operations in Western Australia, with some funding from the WA government

Commenting on this Federal Minister for Resources and Energy, Martin Ferguson, said that Australian was “committed to mining uranium with safe hands and only supplying uranium to countries which use it with safe hands”.

But just how safe is Mega?

Mega Shareholders
Megames, African September 15, 2009
Are the shareholders aware of the loses incurred by the public officers because of negligence :

1. US$ 35,000 (LOSS) – Legal Fees – Lost court battle in SA and Mega Uranium subsidiary was liquidated

2. US$ 54,000.00 (LOSS) – Cash in bank – Mega Uranium subsidiary was liquidated

3. US$ 246,000.00 (LOSS) – Drilling Machine – Mega Uranium subsidiary was liquidated

This equates to a loss of more than US$ 335,000.00 LOSS which is a lot less than creditors were owed in SA for which Mega Uranium refused to settle.

So is this the way shareholders funds should be used?

Megamess: Mega Shareholders

September 16, 2009 - Posted by Christina Macpherson | business, uranium, Western Australia | antinuclear, Australia, nuclear, nuclear costs, uranium