Antinuclear

Australian news, and some related international items

Fukushima ‘incident’ makes nuclear industry safer, says Paladin chief

He said the Fukushima incident in Japan had been nothing more than a smokescreen obscuring the positive underlying fundamentals of the industry.A positive side to the Fukushima incident, where there were no deaths despite alarmist reports, was that it will make the industry even safer

Paladin Energy CEO delivers broadside against Greens Party, A leading Australian uranium industry figure fired a broadside at the country’s Greens Party which has pushed a case that Australia could be run totally on renewable energy by 2040. Ross Louthean, Mineweb 21 Jul 2011 PERTH – – 

Speaking in the last session of the Australian Uranium Conference in Fremantle this evening, Paladin Energy Ltd’s chief executive John Borshoff described the case made by the country’s Greens Party that Australia could be run totally on renewable enrergy by 2040 as stupid.

Borshoff believed renewable energy sources in Australia were light years away from getting anywhere near the base load power generation created in Australia mainly by coal and gas.

This was a consensus view from many other leading uranium and nuclear power analysts who spoke at the two day conference.

The Paladin chief said despite the Fukushima nuclear power plant crisis which had seen the share price of Australian and North American mining stocks lose between 40% to 60% of their value, it was clear that the world was still on course for a serious shortfall in yellowcake supply by 2014.

Borshoff said the big share price drop for uranium explorers and miners clearly showed that the sector had been oversold.

He said the Fukushima incident in Japan had been nothing more than a smokescreen obscuring the positive underlying fundamentals of the industry.A positive side to the Fukushima incident, where there were no deaths despite alarmist reports, was that it will make the industry even safer with upgrades to accommodate “extreme situations.” ..

“Nuclear is not here because people love it, it is here because there is no option, period.”….
Renewables were, in terms of base-load power, nothing but “nonsense.”…..
http://www.mineweb.com/mineweb/view/mineweb/en/page72103?oid=132013&sn=Detail&pid=102055
..

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July 21, 2011 - Posted by | marketing for nuclear, Western Australia

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