Uranium: the mineral that never made sense now doesn’t even make dollars
Uranium: the mineral that never made sense now doesn’t even make dollars, 20 Oct 20, News that BHP, the world’s biggest mining company, will not continue with the long planned multi-billion dollar expansion of its Olympic Dam uranium and copper project shows the clock is ticking on uranium, the Australian Conservation Foundation said today.
The planned expansion of the mine in northern South Australia enjoyed strong state and federal government support and was on Prime Minister Scott Morrison’s recent list of major projects to be fast-tracked.
“This move is further evidence of the deep market malaise surrounding uranium operations,” said Australian Conservation Foundation campaigner Dave Sweeney.
“Today’s announcement shows that political access, spin and favours cannot change the realities of an ore body or the global commodity market.
“BHP has made a basic, hard-headed business decision not to proceed with this project.
“The global uranium price has been hammered since the Fukushima nuclear disaster and it is unlikely to improve. The sector has scant social license and is increasingly embattled.
“Today’s decision by BHP, coupled with Rio Tinto’s exit from operations at the Ranger mine in Kakadu, shows the clock is ticking on uranium, the asbestos of the 21st Century.
“South Australia’s energy, employment and economic options should not be tied to a continued dependence on high impact, low certainty resource projects.
“South Australia is well placed to lead the nation in renewable energy tools, technology and thinking.
“This decision may be the pivot needed to shift to a secure, sustainable contemporary economy.”
For context or comment contact Dave Sweeney on 0408 317 812
BHP dumps its plan to expand Olympic Dam uranium mine
BHP shelves $3.7bn expansion plan for Olympic Dam mine in SA for a second time
BHP has shelved a plan to spend $3.7 billion expanding the Olympic Dam copper and uranium mine – just months after the colossal project was put on a Federal Government fast-track. Cameron England, Business Editor, The Advertiser, 19 Oct 20,
BHP’s $3.7 billion expansion plans for the Olympic Dam mine have been abandoned.
The company had been looking at a Brownfields Expansion Project (BFX) which would have increased production from the current capacity of 200,000 tonnes of copper per year to as much as 300,000.
The project was one of a number of big ticket items earmarked for streamlined approval processes by the Federal Government in June in response to the COVID-19 pandemic and has major project status from the State Government……….
It is the second time BHP has scrapped plans for Olympic Dam. In August 2012, the company announced it had shelved its $30 billion expansion and would go back to the drawing board to find a cheaper alternative. Market conditions, subdued commodity prices and higher capital costs led to the decision eight years ago………
in its quarterly review released this morning, BHP said following more than 400km of underground drilling, which improved the knowledge of the ore body, it had decided to focus on incremental improvements, rather than a step change investment at the site.
“Following more than 400 km of underground drilling associated with the Brownfield Expansion (BFX) project studies, we have improved knowledge of the ore body’s variability,’’ the company said.
“This has provided challenges for the economics of the BFX project, and we have decided the optimal way forward for now is through targeted debottlenecking investments, plant upgrades and modernisation of our infrastructure.’………
BHP said Olympic Dam was performing well, and had posted its best quarterly performance in the past five years in the three months to the end of September.
“Over the next two years, our focus will remain on completing our asset integrity program to underpin more stable operations and copper production of more than 200 ktpa. We have a significant investment program in place to achieve that,’’ Mr Basto said.
“We will continue to study longer-term options for growth. Our enhanced understanding of the underground resources in the Southern Mine Area, promising results from Oak Dam and stronger foundations will help us unlock the full potential of Olympic Dam……..
In August, BHP announced Olympic Dam had made a full year loss before interest and tax of $US79 million, on revenues of $US1.463 billion. That was up from a loss the previous financial year of $US58 million on revenues of $1.351 billion.
New government Bill could target journalists, environmental and human rights groups
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Tue 20 Oct 2020 Journalists and advocacy groups could face compulsory questioning by Asio as part of a proposed expansion of the spy agency’s powers, according to external legal advice prepared by leading barristers.With senior officials of Asio due to give evidence to Senate estimates hearings on Tuesday, the new advice seen by Guardian Australia argues a bill before parliament to extend the reach of questioning powers could have a “chilling effect” on the willingness of people to speak to journalists. It also argues some of the work of civil society organisations – especially those involved in environmental and human rights advocacy – may be caught by the broad definition of “acts of foreign interference” because it includes clandestine acts that “are otherwise detrimental to the interests of Australia”. Members of civil society groups could face potential questioning and the use of tracking devices, according to the advice commissioned by progressive group GetUp and prepared by Sydney-based barrister Dominic Villa SC – an expert in public and administrative law – and fellow barrister Diana Tang, both of New Chambers. The government’s bill – which is currently being scrutinised by parliament’s intelligence committee – would expand the range of matters that are subject to compulsory questioning powers beyond terrorism-related matters. The changes would allow the agency to question adults over espionage and foreign interference, amid warnings from Asio that there are now mores spies and proxies operating in Australia than at the height of the cold war……… “Despite well-recognised professional and ethical obligations of a journalist to maintain anonymity and confidentiality of a source, if so questioned under a warrant, a journalist would be required to disclose the identity of a confidential source.” The advice says there is no exception or exclusion provided for in the bill that would enable a journalist to refuse to answer a question on the basis it would reveal a confidential source. “There may therefore be a chilling effect on the willingness of people to speak to journalists about issues of political significance, including security matters and foreign relations.” Villa and Tang argue the proposed laws may also “undermine the important role played by civil society organisations in holding government to account”, partly because a “foreign power” is defined to include “a foreign political organisation”. The advice argues civil society organisations operating in Australia may “collaborate with or receive support from a foreign political organisation that shares a common interest or objective, in their advocacy campaigns”……… https://www.theguardian.com/media/2020/oct/20/chilling-attack-on-democracy-proposed-asio-powers-could-be-used-against-journalists |
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Why Nuclear Power Is Unsustainable
https://dragontrailz.tumblr.com/post/632215852166610944/why-nuclear-power-is-unsustainable/amp
Scientific women get together in plan for marine protected area for Antarctica Peninsula
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All-female scientific coalition calls for marine protected area for Antarctica Peninsula Plus other ways to help penguins, whales, and seabirds, EurekAlert, UNIVERSITY OF SYDNEY, Research News 19 Oct 20, The Western Antarctic Peninsula is one of the fastest warming places on earth. It is also home to threatened humpback and minke whales, chinstrap, Adélie and gentoo penguin colonies, leopard seals, killer whales, seabirds like skuas and giant petrels, and krill – the bedrock of the Antarctic food chain.With sea ice covering ever-smaller areas and melting more rapidly due to climate change, many species’ habitats have decreased. The ecosystem’s delicate balance is consequently tilted, leaving species in danger of extinction.
Cumulative threats from a range of human activities including commercial fishing, research activities and tourism combined with climate change is exacerbating this imbalance, and a tipping point is fast approaching. Dr Carolyn Hogg, from the University of Sydney School of Life and Environmental Sciences, was part of the largest ever all-female expedition to the Antarctic Peninsula, with the women in STEMM initiative, Homeward Bound, in late 2019. There, she witnessed the beauty and fragility of the area, and the negative impacts of climate change and human activity on native species, first-hand. As part of the Homeward Bound program she learnt about the science, conservation and governance of Antarctica. In a new commentary piece published in Nature, Dr Hogg and her colleagues from the expedition outline these threats, and importantly, offer ways to counter them. More than 280 women in STEMM who have participated in the Homeward Bound initiative are co-signatories to the piece. A global initiative, Homeward Bound ‘aims to elevate the voices of women in science, technology, engineering mathematics and medicine in leading for positive outcomes for our planet’. Women are noticeably absent in Antarctica’s human history, which is steeped in tales of male heroism. Female scientists are still a minority in the region’s research stations. “Now, more than ever, a broad range of perspectives is essential in global decision-making, if we are to mitigate the many threats our planet faces,” said Dr Hogg. “Solutions include the ratification of a Marine Protected Area around the Peninsula, set to be discussed on 19 October, at a meeting of a group of governments that collectively manage the Southern Ocean’s resources,” said Dr Hogg. “The region is impacted by a number of threats, each potentially problematic in their own right, but cumulated together they will be catastrophic.” Decreasing krill affects whole ecosystem The Peninsula’s waters are home to 70 percent of Antarctic krill. In addition to climate change, these krill populations are threatened by commercial fishing. Last year marked the third largest krill catch on record. Nearly 400,000 tonnes of this animal were harvested, to be used for omega-3 dietary supplements and fishmeal. “Even relatively small krill catches can be harmful if they occur in a particular region, at a sensitive time for the species that live there,” said Dr Cassandra Brooks, a co-author on the comment from the University of Colorado, Boulder. “For example, fishing when penguins are breeding lowers their food intake, and affects their subsequent breeding success. A Marine Protected Area will conserve and protect this unique ecosystem and its wildlife, and we need to implement it now.” Climate change is fundamentally altering the Western Antarctic Peninsula:…… Three ways to protect the Peninsula 1. A Marine Protected Area (MPA) designation for the waters……… 2. Protect land areas ……… 3. Integrate conservation efforts……. ….https://www.eurekalert.org/pub_releases/2020-10/uos-asc101520.php |
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China’s nuclear oppression of the Uighur people
A third of the PRCs uranium for nuclear energy comes from extortion in the Yili basin of Xinjiang. This is also home to a great population of Uighurs.
Today, China has one of the world’s largest nuclear energy development programmes. During the Cold War era, there did not exist a political or economic motivator for commercialising nuclear energy as coal-fired power stations and hydroelectric energy dominated the system. However, after 2005, China has been able to reinvent this narrative. Notably, what this resurrected was a reassertion of spaces of injustice for their minorities. Their lands were first grounds for nuclear weapons’ testing and now used for energy rather than warfare purposes, thus continuing a historical subjugation to nuclear imperialism. This nuclear imperialism situates itself within an already prevalent cyclic violence against China’s far western frontier region of Xinjiang’s ethnic minorities, the predominantly Muslim Uighurs, ever since the establishment of the People’s Republic of China (PRC) in 1949. Continue reading
Solar power really can provide cheap electricity
Nuclear power never delivered on its promise, but will solar? John Quiggin, Canberra Times, 19 Oct 20,
The International Energy Agency attracted attention recently when executive director Fatih Birol declared that solar would be “the new king of electricity markets.” Long known for its conservative view of renewables, the IEA’s latest Global Energy Review marked a radical change. Instead of growing slowly over time, solar (along with wind and other renewables) is now seen as meeting all new electricity demand, with coal set for a sharp decline. …….
The prospect of electricity this cheap might seem counter-intuitive to anyone whose model of investment analysis is based on concepts like “present value” and payback periods. But in the world of zero real interest rates that now appears to be upon us, such concepts are no longer relevant. Governments can, and should, invest in projects whenever the total benefits exceed the costs, regardless of how those benefits are spread over time.
- John Quiggin is a Professor of Economics at the University of Queensland and a columnist with Inside Story, where this article also appears. https://www.canberratimes.com.au/story/6974708/energy-that-is-too-cheap-to-meter/
Twin peaks: South Australia reaches 100 pct solar, and then 100 pct wind power in same week — RenewEconomy
A big week for South Australia as solar delivers 100 per cent of its demand one day – the first time ever in any large grid – and wind does the same thing a few days later. The post Twin peaks: South Australia reaches 100 pct solar, and then 100 pct wind power in same…
Twin peaks: South Australia reaches 100 pct solar, and then 100 pct wind power in same week — RenewEconomy
October 19 Energy News — geoharvey
Opinion: ¶ “Why The US Election Could Decide Battle Against Climate Change” • Scientists studying climate change say that the re-election of Donald Trump could make it “impossible” to keep global temperatures in check. They’re worried another four years of Trump would “lock in” the use of fossil fuels in the US for decades to come. [BBC] […]
October 19 Energy News — geoharvey
1.This month
For international nuclear news go to https://nuclear-news.net
of the week
Nuclear power cannot solve the climate crisis
PETITION https://www.alp.org.au/petitions/australians-dont-want-nuclear-power/
26 Feb – 24 April The Image is not Nothing (Concrete Archives) is a group exhibition that explores the ways in which acts of nuclear trauma, Indigenous genocide and cultural erasure have been memorialised by artists and others. It comes as the result of research by curators Lisa Radford and Yhonnie Scarce whose fieldwork has encompassed sites of significance including Auschwitz, Chernobyl, Fukushima, Hiroshima, Maralinga, New York, Wounded Knee and former Yugoslavia.
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Submissions to the Senate Committee Inquiry into National Radioactive Management Amendment Bill. 2020. Go to our summaries of significant submissions, conveniently listed in alphabetical order at Kimba waste dump submissions or see all submissions listed at Read the Submissions
