Australia’s uranium industry in Death Valley – despite suggested sales to India
Uranium bombs despite India move, BY: ROBIN BROMBY , The Australian, November 21, 2011, YOU couldn’t even call it a boomlet. It was more like a ripple on a lake, and lasted about as long. Julia Gillard’s volte-face on selling uranium to India caused a mild stir among the uranium stocks, but the sector is still doing a passable imitation of Death Valley. A few stocks bounced but the present price levels are woeful. Even the spot price rising $US4/lb was of little help; nor does the general bear market…..
Over the 12 months to November 15, Energy & Minerals Australia (EMA) was off 48 per cent, Toro Energy (TOE) down 50 per cent and, despite its well-advanced project in Western Australia, last traded at just 8.6c, while Bannerman Resources (BMN) was down 58 per cent.
There was minimal interest last week even in Uranium Equities (UEQ), which has produced grades up to an extraordinary 6.71 per cent at its Nabarlek project in the Northern Territory. Its 6c price remained unchanged. UEQ’s ground is just 10km from the high-grade Nabarlek mine, which closed in 1989…….
And the India news, should it go through the ALP conference, is not that big a deal anyway. There are plenty of countries supplying the Indians with uranium and will fight to keep their shares and get more of any additional business.
Small solar power thriving in Australia – the top 10 solar postcodes
Australia’s Top 10 Small Scale Solar Power System Postcodes, by Energy Matters, 21 Nov 11 Over half a million small scale solar power systems are now installed around Australia, adding up to more than a million kilowatts of solar electricity generation capacity. Is your postcode among the top ten for solar in the country?
In May this year we reported on Australia’s top solar towns and suburbs in terms of system installations as a percentage of households. We’ve compiled the following new top 10 list based on figures extracted from data recently released by the Office Of The Renewable Energy Regulator (ORER), showing the Australian postcodes with the largest numbers of small scale solar energy systems* installed.
The top 10 small scale solar power Australian postcodes as of September 2011 are (in descending order of number of systems installed):
1. Postcode 6210 – Western Australia – 3,643 systems – 6,270.317 kW capacity
Postcode 6210 incorporates Coodanup, Dudley Park, Erskine, Falcon, Greenfields, Halls Head, Madorah Bay, Mandurah (+ DC, East and North), Meadows Springs, San Remo, Silver Sands and Wannanup.
2. Postcode 4551 – Queensland – 3,184 systems – 5,545.973 kW capacity
Postcode 4551 incorporates Aroona, Battery Hill, Bells Creek, Caloundra (+ BC, DC and West), Currimundi, Dicky Beach, Golden Beach, Kings Beach, Little Mountain, Meridan Plains, Moffat Beach, Pelican Waters and Shelly Beach)
3. Postcode 2830 – New South Wales – 3,141 systems – 5,672.010 kW capacity
Postcode 2830 incorporates Ballimore, Barbigal, Beni, Boothenba, Brocklehurst, Bruah, Bunglegumbie, Burrabadine, Butler Falls, CoolBaggie, Cumboogle, Dubbo (+DC, Grove, East and West), Eschol, EuloMogo, Glengerra and Goonoo Forest.
4. Postcode 4655 – Queensland – 3,036 systems – 6,243.677 kW capacity…….
http://www.energymatters.com.au/index.php?main_page=news_article&article_id=1886
Labor senator speaks out on nuclear weapons danger of Australia selling uranium to India
India possesses nuclear weapons but is not a signatory to the Nuclear Non-Proliferation Treaty, and current Labor policy prohibits selling uranium to any country that is not a signatory. But Senator Gavin Marshall says there is no doubt it will be used directly in India’s nuclear weapons program or to free up domestic supplies.
“Either way, Australian uranium assists in a nuclear arms race in that part of the world,” he said. “I don’t think that’s a responsible thing for this government to do.” He also does not buy the Prime Minister’s argument it would be good for jobs and disputes it would reduce poverty…..
Senator Marshall says those fighting the policy shift could still win the argument. The left convenor will meet with his other faction colleagues tomorrow. http://www.abc.net.au/news/2011-11-19/labor-left-fears-uranium-backflip-will-fuel-arms-race/3681338/?site=newcastle
Kevin Rudd to vote against uranium to India, at Labor Party conference?
Kevin Rudd drops a bomb over India uranium exports, by: Gemma Jones Herald Sun, November 18, 2011
“……..Kevin Rudd stood by previous statements that it would be a bad idea to sell uranium to any country that is not a signatory to the nuclear non-proliferation treaty. However, he pledged his backing for Ms Gillard’s appeal to the Labor Party national conference [to debate the issue]…..
Senator Doug Cameron said the debate would be “significant and serious”.
“The Prime Minister has indicated she would operate in an open and consultative manner. I would have expected that position to be taken with the backbench on such an important issue and I am disappointed that it didn’t take place,” he said. …
An unexpected green upside to new USA military base in Australia?
When the case for renewables is made on the grounds of national security, the arguments of climate denialists and delay merchants are bombed back to the Stone Age. ….
as the U.S. Marine Corps demonstrates, energy conservation and renewable energy are now critical national security concerns.
Will President Obama Send Green Marines to Darwin?, Renewable Energy World, By Dan Cass ,November 18, 2011 President Barack Obama was in Australia this week and upset China and Indonesia with the annoucement of an increased military presence in this country, including 2500 US Marines to train and provision equipment in Darwin.
When the U.S. Marine Corp establish themselves a new home in Darwin, they will bring some seriously green equipment and ideas to our shores. This is because in the three years of his Presidency, Barack Obama has actively led the U.S. Department of Defense to embrace renewable energy and a strategic awareness of climate change…. Continue reading
Australia will now be expected to sell uranium to Pakistan
Like India, Pakistan is a nuclear armed state that refuses to sign the NPT. There is no doubt the Islamabad will be keeping a close eye Canberra and on Darling Harbour come Labor’s National Conference in December.
Inevitably, if Labor moves to sell uranium to India then Pakistan will make a political and diplomatic point of being the next cab in the radioactive rank.
If Australia sells uranium to India, will Pakistan be next?, November 18, 2011 Crikey , Dave Sweeney Uranium is both common and controversial in resource rich Australia. It is tricky stuff as it can be used to produce electricity or to fuel nuclear bombs. And India has both…….
A recent high level UN report makes the nuclear power and weapons connection clear and has a special relevance against the current backdrop of pro-sales positioning.
In the shadow of the continuing Fukushima nuclear crisis the September 2011 UN report plainly states: “Nuclear science and technology can also be used to develop nuclear weapons. Compliance with international legal instruments, such as the Treaty on the Non-Proliferation of Nuclear Weapons, other bilateral and multilateral non-proliferation agreements and safeguards agreements with the IAEA, is therefore an essential element of the responsible use of nuclear power.”
Australia, as a significant global uranium supplier, has a responsibility to act responsibly. Different rules should apply to uranium supply than to other less destructive and divisive exports. Continue reading
Tony Abbott will not be able to wind back Australia’s carbon tax
The political uncertainty is impairing the long-term investment decisions needed for a sizeable renewable-energy sector to take shape, but Gillard says: “My prediction would be we are seeing the maximum drama right now, but it will abate over time. The reality is, Tony Abbott knows you can’t go back.”
John Grimes, chief executive of the Australian Solar Energy Society, says the odds are stacked against Abbott being able to wind back Labor policies. Continue reading
The legal facts on who owns the minerals under your land
Why miners have a right to what’s under your land, Beef Central, By Samantha Hepburn Associate Professor, School of Law at Deakin University18 Nov 2011 All over Australia, landowners are fighting to keep mining companies off their property.
From the Darling Downs to the Liverpool Plains, farmers have been locking out coal seam gas extraction companies. In Victoria, exploratory licences have been granted to the Queensland based mining company, Mantle Mining Pty Ltd, to investigate private land situated in and around the rural Victorian areas of Bacchus Marsh, Darley, Myrniong and Ballan.
Landowners are worried about the effects that exploratory drilling may have upon their the land as well as the possibility that an open cut coal mine may be developed.
Who owns the minerals under your land? Continue reading
Australia has four options on nuclear disarmament and uranium sales
Promises and U-turns of the nuclear kind, The Drum, Jim Green, 19 Nov 11“…..What steps could Australia take to extricate us from the current mess – the South Asian nuclear arms race, and the broader problem of nuclear proliferation?
Option #1 is to leave uranium in the ground. It’s not as radical an idea as it might sound. Uranium accounts for a paltry 0.3 per cent of national export revenue and 0.03 per cent of Australian jobs. Few would notice if the industry vanished and still fewer would miss it.
Option #2 is to apply current government policy – restricting supply to countries that have signed the NPT. A variation of that option would be to restrict supply to NPT signatories that are serious about their non-proliferation and disarmament obligations – that would require a rethink of supply to, for example, the US and China since they have not ratified the CTBT. Continue reading
More bad news for Australian uranium companies, Toro and Paladin
Oz Minerals pulls out of Toro uranium JV,9 News, 19 Nov 11 OZ Minerals has pulled out of a uranium exploration
joint venture with Toro Energy in South Australia, saying no economic uranium has yet been found at the Mt Woods project.
The Toro board has accepted a $3.75 million cash offer from OZ Minerals as consideration for the termination, Toro said in astatement on Friday. “No potentially economic uranium results have been reported from the
Mt Woods project,” Toro said…. Shares in Toro were down 3.41 per cent at 8.5 cents at 1540 AEDT while
OZ Mineral shares were 1.89 per cent weaker, compared to losses in the broader market of about 1.8 per cent.
http://finance.ninemsn.com.au/newsbusiness/aap/8376270/oz-minerals-pulls-out-of-toro-uranium-jv
BHP chief Marius Kloppers tries to make out that Olympic Dam is not a uranium mine
Further delays to force BHP’s hand, BY:MATT CHAMBERS, The Australian November 18, 2011, BHP Billiton chief executive Marius Kloppers has warned that further regulatory delays on the $20 billion-plus Olympic Dam copper, gold and uranium expansion could mean the company looks at other options for its huge cashflows.
BHP’s Annual General Meeting dominated by questions, angry Aboriginals and other speakers
Road ahead looks uncertain for BHP, Canberra Times, BY GREG ROBERTS,18 Nov, 2011 “……Chief executive Marius Kloppers said yesterday businesses were cutting back on inventory and taking fewer risks as liquidity and trade financing dried up.
Rapidly falling costs for rooftop solar PV mean that Australia is poised for a solar boom
a significant threat to the energy incumbents, particularly in the coal and gas industries, because it would reduce opportunities for new deployment and eat into their earnings because of the impact of solar and other short run marginal cost technologies in the so-called merit order effect (more on that tomorrow). It would also come as a shock to the government,
Suntech calls an Australian solar boom, Climate Spectator, Giles Parkinson, 17 Nov 11 Suntech, the world’s largest solar manufacturing company, has produced stunning forecasts for the solar PV industry in Australia – saying it could supply 5 per cent of the nation’s power demand by the end of this decade, reaching the target three decades ahead of the federal government’s most recent forecast.
Stefan Jarnason, the technical director of Suntech Australia, says solar PV capacity in Australia could reach 10 gigawatts by 2020, when it would be growing at a phenomenal 2GW a year. He bases these forecasts on rapidly declining costs, which mean electricity from rooftop PV that is already cheaper than coal-fired energy delivered by energy retailers in some parts of the country, will reach parity for commercial users around 2015, and parity for utility-scale developments towards the end of the decade.
It’s just a forecast, but it represents a growing realisation within and without the industry that in a very few years the rollout of solar PV will be dictated less by the scale of financial incentives – because it might not need much – but by the scale of regulatory protection for the current energy suppliers, because they might need all the help they can get. Continue reading
Uranium should be taxed, too, say the Australian Greens
Greens want Mining Resources Rent Tax on uranium, The West 18 Nov 11, The Australian Greens will seek to broaden the minerals resource rent tax to cover uranium.
As the legislation for the tax is due to be debated in the House of Representatives next week, Greens leader Bob Brown said he was in talks with his party colleagues on moving an amendment to include not just coal and iron ore but uranium.
Senator Brown told reporters in Canberra the decision came after Prime Minister Julia Gillard announced she would seek approval of the Labor national conference to back the sale of uranium to India.
Labor has long opposed India being able to buy Australian uranium because it is not a signatory to the nuclear non-proliferation treaty…..
“It seems logical to me, in an age where health care and public education are short of funds right around this country, should we not be taxing the largely foreign ownership of our uranium mines?” Senator Brown said.
“We will be looking at adding that amendment in the light of the huge change that we are seeing not just in the promotion of uranium to India by Prime Minister Julia Gillard but with the uranium prices going up.”
Senator Brown said he had no doubt that Australian uranium “is going into nuclear weapons or making it possible for other uranium to go into nuclear weapons in some of the most volatile circumstances around the world”. He said it remained Greens policy to stop all uranium exports. http://au.news.yahoo.com/thewest/business/a/-/business/11757119/greens-want-mrrt-on-uranium/
Australia: Northern Territory Government tries to shut down protest against uranium transport
Protesters air uranium transport fears, ABC News, 17 Nov 11 The Northern Territory Government has tried to shut down a protest in Alice Springs. People were meeting to protest about the increased uranium that will pass through the town if the South Australian Olympic Dam is expanded.
The protest comes as dam developers BHP Billiton holds its annual general meeting in Melbourne today. Protester Lauren Mellor says she feels people do not know about the extra uranium that will be travelling through the town.
“We’re protesting here today for the specific reason of the transport risks to people who are along this rail line that the radioactive ore will be carried on up to Darwin,” she said.”So here in Alice Springs we’re at the intersection where this radioactive ore, two trains a day will be coming through our town and putting the lives of people here at risk and also the environment in Alice Springs.” http://www.abc.net.au/news/2011-11-17/protesters-air-uranium-transport-fears/3677478
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