Antinuclear

Faltering start to new South Australian uranium mining ventures

...The uranium expansions are having to factor in lower uranium price expectations. Prices …. have been steadily declining…..The Australian Bureau of Agricultural and Resource Economics said the price decline reflected the situation where supply would exceed demand for the second year in a row.

Uranium mining cranks up at Honeymoon, Sydney Morning Herald BARRY FITZGERALDMarch 12, 2010 COMMISSIONING of Australia’s fourth uranium mine begins next month…..Honeymoon is nevertheless set to reach the production stage before what was meant to be Australia’s fourth uranium mine, the Four Mile joint venture between Heathgate and Alliance Resources.

Four Mile was meant to start producing next month….a legal stoush between Heathgate and Alliance means that first production from Four Mile has been delayed ”significantly beyond April 2010”. Equipment and materials are being delivered to the site but held in storage pending a resolution of the court cases…

…The uranium expansions are having to factor in lower uranium price expectations. Prices …. have been steadily declining…..The Australian Bureau of Agricultural and Resource Economics said the price decline reflected the situation where supply would exceed demand for the second year in a row.

March 12, 2010 - Posted by Christina Macpherson | business, South Australia, uranium | antinuclear, nuclear, nuclear wastes, South Australia, uranium