Antinuclear

Uranium marketing frenzy, and Australia’s secret deals with China

The uranium lobby is in  a bit of a frenzy to try to convince the public that uranium is a good investment. Even as Uranium miner Paladin Energy CEO John Borshoff practically begs people to invest, and forecasts a great future for uranium mining companies –  the facts indicate otherwise. Uranium Prices and share continue their inexorable slide downwards.

More interesting this week, however, are the latest revelations from Wikileaks, about China’s nuclear industry.

From Wikileaks we learn that  Australia’s uranium sales to China could well be tied to Australia importing nuclear reactors from China.  Now Ziggy Switkowski recently lauded China’s  the state of the art nuclear technology, and predicted that Australia would be just picking up the phone, and ordering a fleet of China’s new super-safe nuclear reactors.

But Wikileaks now reveals the facts on  China’s cheap, out-of-date technology is ‘vastly increasing’ risk of nuclear accident,  – ….http://www.guardian.co.uk/environment/2011/aug/25/wikileaks-fears-china-nuclear-

Oh dear oh dear – what is Australia getting into  – about to authorise the world’s biggest open cut uranium mine, Olympic dam, with the plan to export huge amounts of uranium to China? – Christina Macpherson

September 1, 2011 - Posted by Christina Macpherson | Christina reviews