Antinuclear

Uranium projects uneconomic due to weak uranium prices

DJ ERA: Weak Uranium Prices, Weak USD Makes Projects UneconomicMon. TRADING MARKETS November 09, 2009;  SYDNEY, Nov 09, 2009 Dow Jones Commodities News via Comtex) – Uranium miner Energy Resources of Australia Ltd. (ERA.AU), a unit of Rio Tinto Plc (RTP), said Tuesday weak uranium prices as well as the weak U.S. dollar would render new mining projects uneconomic in the longer-term.
This would leave the market heavily dependent on expansions in Kazakstan, in an industry where the global financial crisis was likely to slow new reactor build……………………

November 10, 2009 - Posted by Christina Macpherson | 1, AUSTRALIA - NATIONAL, business, energy, uranium | antinuclear, Australia, energy, nuclear costs, uranium