Energy Resources of Australia’s 82% uranium profit loss
….Meanwhile, the net profit after tax declined by 82%,…..the global financial crisis has led to delays in nuclear reactor builds in most regions
ERA profit falls sharply, cuts FY production guidance, MINING WEEKLY, By: Esmarie Swanepoel, 30th July 2010) – ASX-listed uranium-miner Energy Resources of Australia (ERA) on Friday reported an 82% drop in half-year profit and downgraded its production guidance for the 2010 financial year Continue reading
USA’s nuclear resuscitation faltering
Two nuclear projects — …are in serious trouble and need a guarantee from the public sector (i.e. taxpayers) to bail them out if things get worse.
Nuclear Projects Looking for a Savior : CleanTechnica, by Zachary Shahan August 1st, 2010 “….two nuclear reactors that are an urgent matter to some (in the nuclear industry and politics) and also, potentially, the source of a very big bill for U.S. taxpayers… Continue reading
French nuclear firm EDF in debt as USA project failing
“The U.S. provision is bad news,”……. Results were also hurt by “poor availability” of nuclear reactors in France and the U.K….EDF has expanded in Europe, China and the U.S., driving up debt
EDF Net Income Tumbles 47% After Outlook Dims for Nuclear Project in U.S. – Bloomberg, By Tara Patel – Jul 30, 2010 Electricite de France SA, Europe’s biggest power generator, reported a 47 percent drop in first- half profit on a charge linked to the development of a nuclear reactor in the U.S. and the outlook for low power prices there. Continue reading
AUSTRALIAN ELECTION and the NUCLEAR INDUSTRY – our theme for August 2010
Australia faces an election on August 21. The major political parties are united in one policy – that is –keeping quiet about nuclear power. And Julia Gillard – Labor, and Tony Abbott – Liberal-Coalition, have got plenty to shut up about.
Both Labor and Liberal are beholden to their corporate masters. In the case of Labor, this was shown in a dramatic way, as Prime Minister Julia Gillard kow towed over the planned Super Profit Resources tax. And, with the new, tamed, Resources Rent Tax – uranium mining is exempt even from that one.
The Liberal Coalition used to be blatantly in favour of a nuclear Australia. Now, with the election looming, only a few of their maverick MPs will state this out loud.
Under the radar, the powerful and well-funded nuclear lobby is working away at both parties – for uranium/nuclear policies to be revealed after the election is safely over.
NASA scientist refuses to do radiation experiments on monkeys
Since leaving her position at NASA, Evans has devoted much of her time to building support for an international treaty that would ban primate experiments for the purpose of space exploration.
Local NASA engineer resigns over monkey experiments | This isn’t rocket science April Evans’ dream – working for NASA – came true, but she couldn’t condone its radiation experiments on monkeys, By ERIC BERGER. HOUSTON CHRONICLE. July 29, 2010, “…..her career remained ascendant until she learned of the space agency’s plan to irradiate monkeys as part of a $1.75 million experiment…. Continue reading
Uranium company’s share price and profits plummet
ERA first-half profit plunges 82pc ABC News (Australian Broadcasting Corporation) 30 july 2010, Darwin Energy Resources of Australia has announced an 82 per cent plunge in its first-half profit.The company has blamed the slump on a fall in the price of uranium oxide and poor grades of ore at its Northern Territory mine.ERA’s net profit for the six months to the end of June fell to $22.7 million from $127.6 million for the same period last year.In the early afternoon, its shares had slipped more than 4 per cent to $13.71.
ERA first-half profit plunges 82pc – ABC News (Australian Broadcasting Corporation)
Federal and South Australian govts won’t help Maralinga veterans!
Premier Mike Rann has said veterans and Aboriginal people affected by the testing deserved compensation from the British government….There have been genetic abnormalities and high levels of cancer among those who witnessed the atomic tests and their offspring.
State refuses to fund Maralinga court battle Pia Akerman The Australian * July 29, 2010THE Rann government in South Australia has refused to meet with representatives of Aboriginal people affected by British nuclear tests. Continue reading
U.S. company gives up plan to import nuclear wastes
The application to import the waste and dispose it in Utah was opposed by two Utah governors. The U.S. House also passed a bill banning the importation of low-level radioactive waste.
(USA) Utah firm withdraws nuke waste import application The Daily Caller – 07/26/2010 SALT LAKE CITY (AP) — Continue reading
Nuclear power will saddle taxpayers with endless costs
The last generation of nuclear plants left taxpayers on the hook for more than $300 billion in bailouts and rate hikes following ‘mishaps.’ All signs indicate that the new class of reactors will be just as problematic
(USA) Solar Is A Bargain Deal Compared To Nuclear, Change.org, by Ben Buchwalter July 28, 2010 Proponents of nuclear energy rely on three key reasons our country should develop new nuclear reactors rather than invest in cleaner solar power. One: They claim nuclear is cheaper than alternatives. Two: They say it is more efficient. Three: They say it relies on existing technology. Continue reading
In USA solar powered electricity now cheaper than nuclear
Having dropped below nuclear power, solar power is now one of the least expensive energy sources in America.
Study: Solar power is cheaper than nuclear | The Energy Collective, July 27, 2010 by OshaDavidson The Holy Grail of the solar industry — reaching grid parity — may no longer be a distant dream. Solar may have already reached that point, at least when compared to nuclear power, according to a new study by two researchers at Duke University. Continue reading
BHP- cutting staff, new Environmental Impact Statement on OLympic Dam uranium mine expansion
The decision is understood to affect about 150 staff…..BHP is preparing a supplementary environmental impact statement in response to public consultation on its draft EIS for the Olympic Dam expansion.
BHP to move white-collar jobs interstate and overseas Gavin Lower . The Australian July 23, 2010 Continue reading
Australia’s Nuclear Reactor Agency cutting staff, reducing costs
there will be reductions in fixed costs and around 80 staff of ANSTO’s workforce of 1,009.”
Nuclear body ANSTO to cut 80 staff, cheap nike air, by selena on July 23rd, 2010 Continue reading
Northern Territory Minister convinced by nuclear lobby
We can’t rely on emotions,” Mr Vatskalis said.
Vatskalis breaks ranks to back nuclear power,Northern Territory News, NIGEL ADLAMJuly 23rd, 2010 TERRITORY Resources Minister Kon Vatskalis yesterday seemed to break ranks with the Labor Party and back an Australian nuclear power industry. He said at a mining conference in Perth that support for nuclear electricity-generating plants could grow when people had the “full facts and figures”. Continue reading
No U.S. waste dump in sight, as Yucca stays sghut
HANFORD: Yucca Mountain funding voted down, Tri-City Herald, 22 July 2010, Annette Cary, An amendment to restore money to license the Yucca Mountain, Nev., nuclear repository failed in the Senate Appropriations Committee today. Continue reading
Greed and stupidity in uranium investment world
You would think that investors would wake up to the hype! The so-called “nuclear renaissance” is just not happening.
Even the market for nuclear weapons is now looking dodgy – these being no protection whatever from terrorists, (in fact a target for them)
China is looking to slow down its economy.- China’s supposed great uranium binge is a BHP executives’ fantasy
There is a glut of uranium supply, made worse by the weapons reduction program, which now supplies uranium (mining not needed)
From today’s CTV News: “Despite the low spot and term prices, uranium producers have shown almost no discipline by reducing current or planned output,”…Despite falling uranium prices, worldwide spending on exploration and mine development grew 133 per cent to $1.6-billion in 2008 from 2006″
In sunny Australia, passing up the chance to develop 21st Century renewables, we are mindlessly letting banks, super funds etc, put our money into this gaping hole of impending loss – the almost certainly doomed uranium industry.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 