Australian news, and some related international items

Uranium stocks’ bubble slowly fizzling out

In the background, spot uranium prices have disappointed for years, after a monster bubble peak during 2007…….A number of fortunate stocks have taken opportunities to de-emphasise uranium; some really lucky ones have bailed all together………

Whatever happened to uranium stocks? – Mineweb, by Barry Sergeant, 20 Oct 10, JOHANNESBURG – Whatever happened to uranium stocks? At the beginning of 2009, Australia-listed Extract Resources was trading just above AUD 1.00 a share, Continue reading

October 20, 2010 Posted by | AUSTRALIA - NATIONAL, business, uranium | , , , | Leave a comment

Uranium mining’s threats to Tanzania’s water, & economy

One environmental consequence of uranium mining is that the process uses enormous amounts of water…Water is already scarce there and it would be imprudent to let one company consume huge amounts of water at the expense of area inhabitants…..If global demand for uranium were to decrease, the estimated value of these deposits would also drop. Therefore, it is unclear how much revenue uranium mining would really bring to Tanzania.

Take care that uranium mining turns into blessing, not curse, for Tanzania, Daily Nation  By SHAABAN FUNDI, October 20 2010 Continue reading

October 20, 2010 Posted by | uranium, water | , , , , , , | Leave a comment