Antinuclear

The Uranium Mining Gamble

The gambling is going on in both uranium markets.  Some corporations gamble on  selling old weapons uranium.  Others gamble on digging uranium out of the ground and selling it – (if it goes belly up – well in Australia they’ll try to blame the Rudd government)

Companies Bet on Market for Enriched Uranium,  Online Casino Guide, 21 June 2010, Changes in technology and vagaries like future arms control agreements can affect companies like Urenco and USEC.

Companies Bet on Market for Enriched Uranium | Online Casino Guide

…. projects such as BHP’s uranium and copper mine at Olympic Dam in South Australia. This requires billions of dollars in upfront investment projected to be recouped by cash flows in 2020 or later. The relatively high rate of return required is a function of many risks, including cost pressures and assumptions about the uranium market in 2020….. FT.com 20 June 2010,

June 21, 2010 - Posted by Christina Macpherson | business, South Australia, uranium | antinuclear, Australia, BHP, BHP Billiton, nuclear, nuclear costs, nuclear wastes, radioactive, renewable, South Australia, uranium