Antinuclear

Australian news, and some related international items

Yeelirrie has a low grade of uranium, and Cameco has closed McArthur River mine with a much higher grade

It’s not worth wiping out a species for the Yeelirrie uranium mine, SBS,   BY GAVIN MUDD  “……. So are the economic benefits worth wiping out a species?

Short answer: no. But let’s, for a moment, ignore these subterranean animals and look at whether the mine would be beneficial.

Yeelirrie is one of Australia’s largest uranium deposits – and yet it has a low grade of 0.15 per cent (as uranium oxide). This refers to the amount of uranium found in rock. For comparison, the average grade of uranium mines globally is normally 0.1 to 0.4 per cent of uranium oxide (with some higher and others lower).

And Cameco’s Cigar Lake and McArthur River mines in Canada have typically been 15-20 per cent of uranium oxide. Despite such rich ore, McArthur River was uneconomic and closed indefinitely in early 2018.

What’s more, the future of nuclear power is not bright. According to the World Nuclear Industry Status Report, the number of nuclear reactors under construction around the world is at its lowest point in a decade, as renewable energy increases. The amount of nuclear electricity produced each year is flat. And nuclear’s share of global electricity is constantly falling behind renewables……..https://www.sbs.com.au/news/it-s-not-worth-wiping-out-a-species-for-the-yeelirrie-uranium-mine

April 27, 2019 - Posted by | business, uranium, Western Australia

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