Australian news, and some related international items

Uranium miner ERA: costs high, profits low

This is expected to adversely impact ERA’s 2010 earnings, as the small price margin associated with the sale of the purchased material is more than offset by the ongoing costs of operation,’’ the company said.

ERA shares fall on production downgrade, Sydney Morning Herald, October 13, 2010 – 1 Uranium miner Energy Resources of Australia has downgraded its 2010 production guidance, saying ore grade in the September quarter was lower than expected. Continue reading

October 14, 2010 Posted by | business, Northern Territory, uranium | , , , , | Leave a comment

“Nuclear Renaissance” dream becoming a financial nightmare

There’s no gainsaying that nuclear construction projects are looking riskier all the time, especially in the United States, where many factors have conspired to spoil dreams of a big nuclear renaissance: declining energy demand since the onset of the global economic crisis (down 4 percent since 2007 in the States); plummeting natural gas prices (down almost half from what they were a few years ago); collapsing prospects for enactment of a U.S. climate bill (which would have raised the costs of fossil-fuel-generated electricity); and soaring reactor construction costs (with EDF’s current reactor 40 or 50 percent more expensive than originally billed).

Cancellation of Maryland Plant Delivers Double Whammy IEEE Spectrum:    Bill Sweet, October 13, 2010 Continue reading

October 14, 2010 Posted by | uranium | , , , | Leave a comment

Australia’s Climate Change Minister not strong on Climate Change action on coal power

Federal Climate Change Minister Greg Combet said the Gillard government was not focused on committing taxpayers’ money to the Brumby government’s goal of closing a quarter of the Hazelwood coal-fired power plant within four years….Mr Combet said Victoria’s climate policy was ”very strong” but the federal government had different priorities.

Federal funding unlikely for state’s Hazelwood coal-reduction proposal, The Age, Adam Morton and Tom Arup, October 13, 2010 THE federal government has cast doubt over Victoria’s request for hundreds of millions of dollars to start closing Australia’s ”dirtiest” power station, Continue reading

October 14, 2010 Posted by | AUSTRALIA - NATIONAL, climate change - global warming | , , , , | Leave a comment

USA, Europe want wind power, but split on nuclear

Opinions on building more nuclear power plants are more mixed and vary by country. The public is more or less equally divided in the U.S., Britain and France but clear majorities are opposed in Italy (60%), Spain (63%) and even more strongly in Germany (77%)…….

U.S., Europe back wind farms but split on nuclear power – Green House , 14 Oct 10, The main findings of the poll, taken between Sept. 15 and 21, 2010, include: * Big majorities of the public in all six countries favor the building of more wind farms in their countries, Continue reading

October 14, 2010 Posted by | energy, wind | , , , , , | Leave a comment

Victoria determined to close down dirty Hazelwood coal power station

Greens MP Greg Barber said new climate change laws allowed the government to legislate Hazelwood out of existence without compensation being due.

Dirty coal station ‘will be closed’, Sydney Morning Herald, Richard Willingham, October 14, 2010 PREMIER John Brumby is ”completely confident” Australia’s dirtiest power station will be closed, with or without federal help. Continue reading

October 14, 2010 Posted by | climate change - global warming, energy, politics, Victoria | , , , | Leave a comment

Obama got Peace Prize, but still testing nuclear weapons

“He was even awarded the Nobel Peace Prize. What was that all about? How will the U.S. government apologize to A-bomb survivors?”.

A-bomb survivors outraged at Obama over subcritical nuclear test – The Mainichi Daily News, 14 Oct 10, Victims of atomic bombings expressed their disappointment at U.S. President Barack Obama after his administration carried out its first subcritical nuclear test last month. Continue reading

October 14, 2010 Posted by | Uncategorized | , | Leave a comment