Now use of weapons fuel sends uranium price plummeting
Greens welcome fall in uranium price, Scott Ludlam 15th April 2010, The Australian Greens have welcomed this week’s fall in global uranium prices, due to a global peace deal to reduce nuclear weapons.“When world leaders sign off agreements to reduce their weapons arsenals the uranium market becomes flooded with weapons-usable nuclear fuel,” the Party’s Nuclear Spokesperson, WA Senator Scott Ludlam said…. Continue reading
Continued downward spiral in uranium prices hits ERA shares
Uranium production falls at Ranger mine, Sydney Morning Herald, BARRY FITZGERALDApril 14, 2010 SHARES in Rio Tinto’s listed uranium subsidiary, Energy Resources of Australia (ERA), have suffered a beating on the back of the company’s sharply lower production effort at the Ranger uranium mine in the Northern Territory. Market sentiment towards the stock was not helped by a downbeat assessment of the likelihood that uranium prices would pull out out of a spiral,.…ERA shares dropped $1.17 or 5.9 per cent to close at $18.52. Its forecast of near-term moves in the uranium price rubbed off on other uranium stocks, with Paladin Energy shares falling 3.45 per cent……. there had been no progress in ERA’s plan to develop the $20 billion Jabiluka uranium deposit near Ranger.ERA has undertaken not to develop the deposit without the consent of the traditional owners. Uranium production falls at Ranger mine
Megatons to Megawatts will turn old nuclear weapons into fuel for commercial nuclear power!
turns highly enriched uranium into lightly enriched uranium.
Nuclear twist sees Russian warheads warming US homes Herald Sun AFP , April 13, 2010, IN A strange twist of Cold War enmity on the melt, uranium from what once were Russian nuclear warheads is used to heat and light American homes, thanks to the Megatons to Megawatts Program – a successful example of nuclear non-proliferation. Continue reading
Australian uranium miners salivating as they help Russia towards global nuclear dominance
Russia Offers Huge Market for Australian Miners …..as Moscow aggressively campaigns to be the top dog in the global nuclear industry.
Russia Expands Uranium Market Presence, Uranium Investing News, 24 March 2010, By Melissa Pistilli Against the advice of the Australian Federal Parliament’s treaties committee, the Rudd government is going forward with an agreement to allow sales of uranium to Russia. Continue reading
Faltering start to new South Australian uranium mining ventures
...The uranium expansions are having to factor in lower uranium price expectations. Prices …. have been steadily declining…..The Australian Bureau of Agricultural and Resource Economics said the price decline reflected the situation where supply would exceed demand for the second year in a row.
Uranium mining cranks up at Honeymoon, Sydney Morning Herald BARRY FITZGERALDMarch 12, 2010 COMMISSIONING of Australia’s fourth uranium mine begins next month…..Honeymoon is nevertheless set to reach the production stage before what was meant to be Australia’s fourth uranium mine, the Four Mile joint venture between Heathgate and Alliance Resources. Continue reading
Australia needs job-rich renewable energy, not nuclear power
If Australia aimed to build a renewable energy sector that represented 5 per cent of the global market by 2030 we could realise some 500,000 jobs in our renewable energy industry and finally take advantage of our advanced research base.
Responsibly addressing the urgency of climate change cannot afford to be delayed or misled by nuclear industry hype.
Nuclear energy: money can’t buy love, ABC, david Noonan, 3 March 2010, The truth is investment in nuclear energy means massive capital costs and very low employment benefits…. Continue reading
Gloomy long term trend for uranium prices
Two Death Crosses on price charts for Australia’s two leading producers of uranium. What does this tell investors?FNArena News – March 02 2010 , By Rudi Filapek-Vandyck A recent sector report by Canadian stockbrokers Haywood Securities has revealed that price charts for many international uranium stocks carry the so-called “Cross of Death”. This is when a shorter term trendline moves below the longer term trendline and stays beneath it.
From a technical-market momentum point of view, such occurrence indicates the underlying trend has now become negative (bearish), Continue reading
Nuclear stillbirth for Australia and the world
No doubt Australian nuclear enthusiasts, such as Ziggy Switkowski and Barry Brook, will claim that Obama’s decision vindicates their nuclear advocacy. But really it deviates from their version of reality so far as to shatter it.
Nuclear? It’s just too expensive, for us and the rest of the world, Sudney Morning Herald MICHAEL R. JAMES February 26, 2010 Continue reading
Uranium price continues its downward spiral
Areva getting out of an Australian uranium project
WA stock values fall in January WA Business News Finance: 17-February-
Berkeley Resources announced it had terminated its head of agreements signed in March 2006 with French nuclear power group Areva NC. In doing so, any rights previously granted to Areva for off-take or marketing of uranium production from Berkeley’s projects have been terminated with immediate effect,….
Nuclear giant Areva claims to be committed to Australian solar energy project
“Australia is definitely part of our strategy to become a world leader in concentrated solar power.”
New French owner committed to Ausra’s solar plans |
The Courier-Mail Kerrie Sinclair February 14, 2010
FRENCH nuclear company Areva has secured a deal to take over US-Australian solar power plant company Ausra and says it is committed to Ausra’s local Australian project pipeline.
Ausra and Queensland state-owned utility CS Energy six months ago applied for federal funding for a portion of a $200 million solar thermal generator in addition to the 750-megawatt Kogan Creek coal-fired power plant, near Chinchilla. Continue reading
Olympic Dam uranium mine’s very costly accident
Olympic Dam accident may cost $228m Matt Chambers The Australian February 11, 2010 THE failure of a hoist at BHP Billiton’s Olympic Dam copper and uranium mine last October that sent a full skip of ore plummeting hundreds of metres was caused by a computer braking system fault and could cost the company more than $US200 million ($228.6m) in lost profit………
The October 2009 incident has rendered the Clark shaft unusable and sliced 75 per cent of capacity from the big mine at Roxby Downs in South Australia.
BHP reduces Yeelirrie’s proposed uranium by an ‘uneconomic’ third
BHP cuts Yeelirrie uranium estimate Matt Chambers : The Australian February 09, BHP Billiton has cut projections for its proposed Yeelirrie uranium mine in Western Australia by nearly a third, ruling out a heap acid leach component at the site as uneconomic. Continue reading
2010 not looking good for uranium prices
Time for Australians to invest in renewable energy
As always, the market will shift suddenly when it does and being exposed to the wrong companies well, just remember you were told.
WAKE UP AUSTRALIA: Seize the low-carbon opportunity Business Spectator -by Paul Gilding 28 Jan 2010 “……………There is no realistic scenario for Carbon Capture and Storage being able to deal with carbon emissions at a time and a price that will prevent renewable energy winning the market for clean energy. Continue reading
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