Crash in uranium company’s share price, as tailings problem stops mining
Shares drop as watchdog calls tailings halt at First Uranium,
| Business Day,ALLAN SECCOMBE |
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2011/07/27 The regulator ordered the company’s subsidiary, Mine Waste Solutions, to cease all pumping, citing problems with pipeline maintenance and nonreporting. A mine may not continue with production if it has no place to deposit tailings. The regulator is charged with protecting people, property and the environment from nuclear damage caused by uranium.
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FIRST Uranium’s share price fell almost 20% to an intraday low of R3,60 yesterday after the National Nuclear Regulator ordered it to stop pumping material on to its waste dumps.
Radon, a known cause of lung cancer, is formed through the radioactive decay of uranium in mine water……http://www.businessday.co.za/articles/Content.aspx?id=149265
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