Ziggy says nuclear power is the only way for Australia
Nuclear energy ‘the only answer’ World News Australia, 20 March 11, Australian Nuclear Science and Technology Organisation chief Dr Ziggy Switkowski told the the Australian Academy of Technological Sciences and Engineering.symposium, which kicked off on Monday, that Australia should build 50 nuclear power stations by 2050……. “We should plan to have our first reactor up and running by 2020 and then go for a fleet as large as 50 reactors by 2050 producing 75 gigawatts of electricity,” Dr Switkowski said… Nuclear energy ‘the only answer’ : World News Australia on SBS
5 good reasons why Australia will not go for nuclear energy
In fact, despite some uninformed commentary, there has been no renaissance of nuclear energy, only a resurgence of pro-nuclear talk. In 2008 and 2009, the world retired 3000 megawatts of old nuclear capacity and only 1000 megawatts was brought on line. In the same two years, about 60,000 megawatts of new wind power was commissioned
Investment advice “be greedy” about uranium stocks
Uranium woes woo takeover talk * Robin Bromby * From: The Australian * March 18, 2011
BE greedy where others are fearful that’s the advice Fat Prophets sent out to its clients today.
The immediate object of FP’s affections is Paladin Energy (PDN) which has taken a body blow this week like other uranium stocks. The investment firm sees the company as a potential Chinese takeover target as it has its operating mines in Namibia and Malawi, which means the Australian government would not be involved in deciding the ownership of those mines…….
Spinowski, Angwins, Atkinson, Borschoff desperately spinning uranium industry
There is a lot of money riding on the optimists winning the argument over the pessimists.
BHP Billiton’s Olympic Dam mine, the world’s biggest uranium mine, is scheduled for an expansion that could cost 30-50 billion Australian dollars. With the spot price of uranium back where it was in 2009, BHP would be taking a big gamble that nuclear power is here to stay.
ANALYSIS: Australia’s battered uranium miners talk up their prospects – Monsters and Critics, 19 March 11, “……….Ziggy Switkowski, Australia’s foremost nuclear physicist, admits these are trying times for industry lobbyists…….He has not lost faith in the science and believes the industry will bounce back within the year. Continue reading
Nuclear power “clean, inexpensive” says Northern Territory News
Any move from nuclear power …..would harm the NT’s uranium mining industry
Nuclear still power option NT News 18 March 11 Hopefully, there will not be a loss of faith in nuclear energy following the Japanese disaster. It is a clean, inexpensive form of power Continue reading
Cameco’s managing director enthusiastic about race to mine uranium in Western Australia
Reilly said. “There will be lessons learned from the events in Japan, and the market may take a breather. But the long-term fundamentals, we believe, are very strong.”…Kintyre’s approvals timeline pits Cameco against several other companies – including BHP Billiton – aiming to develop Western Australia’s first uranium mine.
Cameco pushes on with Australian uranium plans The Australian, Stephen Bell March 17, 2011 CAMECO Corp will push ahead with plans to gain approvals for its Kintyre uranium project in Western Australia by 2013, despite doubts over long-term demand for the nuclear fuel following radiation leaks at reactors in eartquake-hit Japan. Continue reading
Nuclear energy future, Fukushima safe, says Borshoff of Paladin uranium company
Mr Borshoff has also defended the safety of nuclear power and, in particular, the plant at Fukushima
Uranium miner slams nuclear ‘media frenzy’ – ABC News (Australian Broadcasting Corporation). Elysse Morgan Mar 17, 2011 The chief executive of one of Australia’s biggest uranium miners, Paladin, has slammed the media and share traders for their treatment of nuclear focused businesses in the wake of the Japanese earthquake.
Shares in the company plunged 33 per cent in trade over Monday and Tuesday, recovered a little on Wednesday and are now on the slide again, down 6.8 per cent to $3.45 by 3:25pm (AEDT)…….. Continue reading
Russia gets out of investment in Australian uranium company
Russia drops Mantra uranium deal after Japan quake, Google news, (AFP) – 18 March 11 MOSCOW — A subsidiary of Russia’s atomic energy agency said Thursday it was withdrawing its $1.16 billion offer for Australia’s Mantra Resources because of the nuclear power plant problems in Japan.The Australian company’s shares lost about a third of their value on the Toronto Stock Exchange on Wednesday in line with other massive losses suffered by the world’s big nuclear energy firms.The Russian Federal Atomic Agency’s ARMZ uranium producer said in a statement that the Japanese nuclear crisis fundamentally altered the Australian company’s long-term value…..AFP: Russia drops Mantra uranium deal after Japan quake
Cameco confident on uranium market’s future
Investor interest will eventually return,…..CEO Jerry Grandey said that he did not anticipate “significant direct effects on Cameco’s business in the short or long-term…….The uranium we are selling today fuels existing reactors that continue to operate, safely’’
Flicker of hope for uranium miners, The Age, Barry FitzGeraldMarch 16, 2011
The big three of ASX-listed uranium stocks – Paladin (ASX:PDN), Extract (ASX:EXT) and Energy Resources of Australia (ASX:ERA………….There are some real doubts that the world needs the sort of growth in uranium supplies that was underpinning the fancy market values of those companies already in production (like Paladin and ERA), or those with a big world-class deposit that would get in to production before long (like Extract). Continue reading
Pro nuclear marketers don’t want to understand Risk Management
This guy, Patrick Mckenzie, doesn’t seem to have any clue about Risk Management. In risk management you weigh up 2 things:
1. the probability of an accident
2 the likely consequences of the accident
In the case of nuclear power, the probability of an accident is very slight, but the likely consequences are huge. That is why insurance companies will not insure nuclear plants.
Let’s keep the Japanese earthquake in perspective, The Age, Patrick McKenzieMarch 16, 2011 “…..There is a lot of panicked reporting about the problems with Tokyo Electric’s nuclear power generation plants in Fukushima……The tremendous public unease over nuclear power shouldn’t be allowed to overpower the conclusion: nuclear energy, in all the years leading to the crisis and continuing during it, is absurdly safe.
Australian Liquified Natural Gas likely to boom as effect of Japanese nuclear disaster
Nuclear Power Worries Boost Standing of Australian LNG – WSJ.com MARCH 16, 2011, By ROSS KELLY, SYDNEY—A global shift away from nuclear power in response to the atomic plant crisis unfolding in Japan will likely spur a scramble for Australian energy, catapulting the country ahead of Qatar as the world’s biggest supplier of liquefied natural gas in the near future. Continue reading
Barry Brook reassures Australians that the Fukushima nuclear plant is safe
The plant is safe now and will stay safe……If you want to stay informed, please forget the usual media outlets
Fukushima Nuclear Accident – a Simple and Accurate Explanation, Brave New Climate, Barry Brook, 13 March 2011, [Barry Brook quotes Josef Oehmen, a PhD Scientist, whose father has extensive experience in Germany’s nuclear industry.] Continue reading
Australia’s uranium industry dream bubble about to burst
AUST URANIUM STOCKS CONTINUE TO SLIDE, Business Spectator, 15 March 11, Reuters Shares in Australian uranium miners fell further as Japan’s nuclear crisis deepened and several countries said they would reconsider their position on nuclear power. Continue reading
Australian uranium companies optimistic about future
Paladin supplies uranium to American and Asian nuclear plants, and while it has several exploration projects in Australia and Canada, he said the Japanese incident was ”hardly likely” to affect the business.
”It’s not going to have much significance in the long term,” he said……. Mr Crabb said it was ”ghoulish” and ”inappropriate” for anti-nuclear campaigners to be using the Japanese incident for political purposes…baser instincts, such as fear, may have a larger bearing on the market
Reactor reaction wipes $1.5bn from uranium holdings Sydney Morning Herald, Peter Ker March 15, 2011
MORE than $1.5 billion was wiped off the value of uranium stocks yesterday as the market reacted savagely to the nuclear crisis unfolding in Japan.
As explosions rocked Japan’s ailing Fukushima nuclear plant, the market seemed convinced the incident would harm ambitions for uranium to play a bigger role in energy production around the world. Continue reading
Australian uranium shares dumped
Uranium stocks dumped after Japan crisis
http://news.ninemsn.com.au/article.aspx?id=8223706
Uranium miners hit by nuclear crisis |http://www.smh.com.au/business/uranium-miners-hit-by-nuclear-crisis-20110314-1btv4.html
1 This month
of the week – Australians for War Powers Reform (AWPR)
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