Antinuclear

Australian uranium miners jubilant at Japan’s election results

Producers bullish on Japanese demand The Age, December 18, 2012 Paddy Manning  Greg Hall, managing director of junior Toro Energy, said Japan had been spending an additional $US100 million a day on extra coal, oil and gas, which represented a ”very, very high cost”.

After the weekend’s election, he said the country now had the political will to restart its reactors. A new independent safety
authority would be in place by April and Japan’s nuclear power capacity would be restored through 2013-15……..

Paladin Energy chief John Borshoff predicted Germany, too, would eventually return to the nuclear power fold. ”Germany can’t survive on a no-nuclear basis with all the countries…. Mr Borshoff said it was impossible for Japan to do without 27 per cent of its electricity-generating capacity.

”We’ve been working on the basis the nuclear programs will resume in some modified form. Germany have set
an irreversible path but I believe in eight-10 years they’ll be back on the drawing board.”

UBS resources analyst Glyn Lawcock welcomed the Japanese news saying it had been a ”torrid” 18 months for uranium markets since the closure of the Fukushima Daiichi reactor after last year’s Japanese earthquake and tsunami.

December 17, 2012 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium