Wind power a financial winner for South Australian farmers
they will receive about $15,000 per year for each turbine on their properties. Each turbine requires about half a hectare of space. A wheat crop on the same amount of land would yield about $300
Farmers to reap more from wind than crops, Adelaide Now, Katrina Stokes , September 01, 2011THIRTY Yorke Peninsula landowners will reap an average of $90,000 a year to host wind turbines on their land in a $1.3 billion development.Residents have embraced the proposal that will 180 wind turbines on farms near Ardrossan and provide 25 per cent of the state’s daily energy needs. Continue reading
Radiation exposure in North West Japan makes evacuation necessary – Dr Helen Caldicott
Dr Helen Caldicott says radiation many times in excess of that which led to the evacuation of Chernobyl has been reported in North-West Japan — so the area should be evacuated immediately.
Fukushima Crisis: Caldicott Says Evacuate North-West Japan, 31 August 2011,by: David Donovan, Independent Australia .………The problem is that the reliability of claims from TEPCO, NISA and the Japanese Government are – as we have reported before – highly questionable. All three bodies have a major credibility crisis, with clear evidence that they colluded to cover up evidence that they knew the nuclear reactors melted down within hours of the March 11 tsunami. The reason for this seems to be that Japan is highly dependent on nuclear energy for its power needs, such that NISA has become more or less a branch of TEPCO – with staff perenially shuffling between the two bodies – and with a Japanese Government that is primarily concerned with talking down the extent of the crisis to avoid widespread panic amongst the Japanese population and allay rumblings about the viability of nuclear power….. Continue reading
Uranium sellers drop prices in bid to attract buyers
Uranium transactions fail to raise spot price, Industrial Fuels and Power August 31st, 2011 The uranium spot market reported five transactions totalling 1Mlb in the week ended 26 August, but each transaction was conducted at successively lower prices as sellers dropped offer prices to attract buyers. Consequently, the spot uranium price was cut by US$1.05 WoW to US$48.85/lb by the end of the week, according to TradeTech……
On 29 August, The Ux Consulting Co reported a US$1.50 fall in the uranium spot price to US$49.00/lb of uranium oxide.
Over the past month, uranium oxide prices decreased by US$2.50 while conversion rates at both sides of the Atlantic saw 75 cents shaved of their end-of-July price to US$10.00/kgU. Uranium hexafluoride prices fell by US$7.28 to US$138.03/kgU during this period……
Big loss for uranium miner Paladin miner , and fall in share price
Paladin Energy Q4 loss widens to US$47.7M, The Canadian Press08/31/2011 PERTH, Australia – Paladin Energy Ltd (TSX:PDN), an Australia-based miner that lists on the TSX, cited higher financing costs Wednesday among reasons for a widening of its fourth-quarter and full-year loss.
Paladin Energy, which reports in U.S. dollars, said its after-tax loss for the three months ended June 30 was US$47.7 million or 6.3 cents per share, compared with a loss of US$25.2 million or 3.5 cents in the same year-earlier period….profits were affected an impairment of inventory expense of US$26.4 million at the company’s Kayelekera mine due to higher operating costs during ramp-up and the lower prevailing uranium spot price since last March’s earthquake-induce nuclear disaster in Japan.
The company also faced an earlier, US$6.3-million early buyback of convertible bonds. On the Toronto Stock Exchange, Paladin Energy shares were down nine cents at $2.16 at midday Wednesday.
Uranium miner Paladin calling for more money to be invested
More uranium investment needed, says Paladin CEO, Mining Weekly, 31st August 2011 PERTH − Uranium miner Paladin Energy CEO John Borshoff said that more investment was needed the uranium sector, as supply and demand dynamics would become more strained.
“Discoveries of new deposits have to be made, exploration and high-risk capital needs to be sunk into these programmes, because these programmes determine the long-term future of the mining industry,” Borshoff told delegates at the Africa Downunder conference in Perth on Wednesday…..
“Uranium is still suffering from the impact of the Japanese earthquake and tsunami, and the parallel damage to the Fukushima nuclear reactors. The supply sector and the nuclear industry have suffered a bruising effect from this event…
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