Fraud background of 4 Mile uranium mine’s owner
Arms maker behind uranium mine settled fraudulent pricing case
The Brisbane Times, Nick OMalley and Ben Cubby
July 30, 2009
THE arms manufacturer that received approval through an Australian subsidiary for a new uranium mine in central Australia this month was sued for fraudulently hiking uranium prices and manipulating costs at a neighbouring mine.
Neal Blue, owner and chairman of General Atomics, was accused in the proceedings of instructing executives at his Australian subsidiary, Heathgate Resources, to prepare false reports for customers, telling them costs at Heathgate’s Beverley uranium mine were higher than anticipated, and production lower……………………….
The Illinois District Court case was settled last year. One of General Atomics’s customers, Exelon, received $US41 million from the company. It is estimated Mr Blue made $US200 million by breaking the contracts and selling uranium on the spot market…………………………………
Four Mile mine will be owned by a General Atomics subsidiary, Quasar Resources, and an Australian-owned minerals explorer, Alliance Resources.
Mega uranium in Australia
Mega steps up bid to beat BHP with WA’s 1st uranium mine
(Note from Christiona Macpherson – Is Mega Uranium involved in a court case in South Africa?)
PERTH, July 23 AAP
Trading Room By Rebecca Le MayJuly 23 2009,
The race to develop Western Australia’s first uranium mine has gained pace, with Mega Uranium Ltd entering a $US49 million ($A60 million) joint venture with a Japanese firm to progress the Canadian explorer’s Lake Maitland project.
Mega is vying to beat BHP Billiton Ltd’s Yeelirrie project as the state’s first uranium mine.
Both projects are situated in WA’s midwest region near Wiluna………………..Mega, which is expected to soon seek an Australian stock exchange listing, said on Thursday it had teamed up with Japan Australia Uranium Resources Development (JAURD) and Itochu to develop the project………………….
“JAURD’s shareholders – power companies Kansai, Kyushu and Shikoku, will have access to uranium produced at Lake Maitland and Itochu will participate in uranium off-take arrangements,” Mega chief executive Sheldon Inwentash said.
The transaction is subject to approvals required under the Foreign Acquisitions and Takeovers Act.
Federal Minister for Resources and Energy, Martin Ferguson, said on Thursday Australian was “committed to mining uranium with safe hands and only supplying uranium to countries which use it with safe hands”.
News: Australian Stock, Share & Commodity Markets News – Tradingroom.com.au
How the media covers the nuclear industry – or doesn’t cover it
The public in USA, Britain, Europe, (even Australia, though rarely)- do have an opportunity to learn of the negative side of the nuclear industry. In particular, we learn of the desperate efforts of the nuclear industry to portray itself as “commercially viable”.
However, do the “customer countries” of AREVA, Westinghouse, BHP Billiton etc – Asian countries learn of this, – does their media cover this? How much of the touted “scramble for nuclear” really mean a scramble of Asian and Middle Eastern governments to get nuclear weapons.
Where the government runs the nuclear industry – well, it doesn’t have to be “commercially viable”
This suits the”First World” nuclear and uranium salesmen who cannot get anyone to invest in their product in their own country. – Christina Macpherson 21 July 09
Away from the media glare, Asean talks nuclear 2009/07/19 Sheridan Mahavera reporting from Phuket
ASEAN is again likely to be known as a group that is better at promoting development among its 10 member countries than promoting noble political principles like the rule of law or protecting human rights.
The idea of having its own human rights body has grabbed headlines in the region but some of the more noteworthy meetings that are going on away from the glare of the media are about how some member countries are going nuclear……………………….Thailand is planning to build a nuclear plant that could cost US$6 billion (RM21.4 billion) and produce 4,000-megawatts of electricity in 2020.
While Vietnam had announced that it would start building two nuclear power plants, each with two 1,000-megawatt reactors, in 2013 in its southern province of Ninh Thuan.
Malaysia has yet to make public its nuclear power plans but Tenaga Nasional Berhad has said it wants to build a power plant by 2025.
Meanwhile, Asean secretary-general Surin Pitsuwan confirmed that officials would be putting the final touches to the China and Australia agreements over the next few days. Once signed, the pacts would create free trade zones between Asean and the two countries. NST Online Away from the media glare, Asean talks nuclear
Northern Territory nuclear waste dump needed for nuclear medicine? That’s a Lie
NUCLEAR MEDICINE AND THE PROPOSED NT RADIOACTIVE WASTE DUMP, Jim
Green, 8 Sept 11,
“As health organisations, we are appalled that access to nuclear medical procedures is being used to justify the proposed nuclear waste dump. Most waste from these procedures break down quickly and can be safely disposed of either on site or locally.” − Dr Bill Williams, Medical Association for the Prevention of War
“Linking the need for a centralized radioactive waste storage facility with the production of isotopes for nuclear medicine is misleading. The production of radioactive isotopes for nuclear medicine comprises a small percentage of the output of research reactors. The majority of the waste that is produced in these facilities occurs regardless of the nuclear medicine isotope production.” − Nuclear Radiologist Dr Peter Karamoskos.
Proponents of a national radioactive waste dump in the Northern Territory routinely claim or imply that nuclear medicine would be jeopardised if the dump does not proceed. There is no basis to such claims – they amount to dishonest scare-mongering.
Proponents claim that most or all of the waste that the federal government wants to dump in the NT arises from medicine, specifically the production and use of medical radioisotopes. However the true figure is 10-20%. Continue reading
1 This month
17 October, Free Public Talk on Nuclear Issues in South Australia
David Noonan will speak on public interest concerns over the new Roxby Downs Indenture Act 2026 on BHP copper-uranium mining and ore processing in SA, and on how AUKUS may face SA with a High-Level nuclear waste agenda.
Dr Jim Green will discuss international developments in the field of nuclear power including ‘small modular reactors’ and Generation 4 ‘advanced’ nuclear reactor concepts.
Help Aunty Sue Protect Her Land and Sacred Sites From Destructive Rocket Testing.
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Australians deserve the truth
about
AUKUS – https://aukuspublicinquiry.com/
PETITION – To: Prime Minister Anthony Albanese and the Australian Labor Government
of the week – Australians for War Powers Reform (AWPR)
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