Archive for February, 2010

Newer Entries »

Uranium mining endangers river

February 12, 2010

(USA) League of Individuals for the Environment Feb. 5--Concerns over proposed uranium mining in Pittsylvania County led the Southern Environmental Law Center to include the Roanoke River basin in its 2010 list of top 10 endangered places in its coverage area.

This is the first year the environmental advocacy group included the Roanoke River on its list, said senior attorney Kay Slaughter.The river, she said, provides drinking water to millions in southern Virginia and parts of northern North Carolina, includ-ing Virginia Beach and Henderson, N.C.

“The reason for the whole basin is its potential endangerment, not just from uranium, but the other chemicals used in the mining and milling process,” Slaughter said.The list, released this week, also includes the Chesapeake Bay and the mountainous coal region of southwestern Vir-ginia. The Southern Environmental Law Center does work in Virginia, North Carolina, South Carolina, Georgia, Tennessee and Alabama.

League of Individuals for the Environment, Inc. – Flash Player Installation

Tags:, , , ,
Posted in water | Leave a Comment »

France and South Korea join in uranium mining

February 12, 2010

KEPCO Partners with Areva in Uranium Mining The Chosun Ilbo (English Edition): Daily News from Korea 8 Feb 2010 KEPCO has joined hands with France’s Areva SA to develop uranium mines around the world. The Korean power monopoly said Sunday that it signed an agreement on Thursday with Areva for the joint development project.

Areva, the world’s fourth largest uranium producer and nuclear plant constructor, last year competed with KEPCO to win a nuclear power plant order from the UAE.

The new agreement allows KEPCO to participate in developing overseas uranium mines. Areva owns six uranium mines worldwide, which last year produced a combined 6,500 tons of the material used to fuel nuclear power plants.

The Chosun Ilbo (English Edition): Daily News from Korea – KEPCO Partners with Areva in Uranium Mining

Tags:, , ,
Posted in KEPCO, politics | Leave a Comment »

U.s. Energy Dept tries to help uranium prices up

February 12, 2010

the additional government supplies in the market could have depressed prices, making it difficult for producers to expand operations……….

Energy Dept cancels surplus uranium transfers

By Tom Doggett

WASHINGTON, Feb 4 (Reuters) - The U.S. Energy Department has canceled plans to put into the market during 2011 extra government-owned surplus uranium supplies, Energy Secretary Steven Chu told Congress on Thursday, but the uranium transfers will continue for this year. (more…)

Tags:, , ,
Posted in politics | Leave a Comment »

Nuclear and uranium stocks going down

February 12, 2010

Top Nuclear Stocks Losers (NYSE: CCJ,EXC,USU) Trak In, Business and Finance News by EIN, 2010/02/05 Dallas, Tx – Cameco Corporation (USA) (NYSE:CCJ) went down 2.94% to $27.37 on 2.29 million shares. The stock hit an intraday high and an intraday low of $28.30 and $27.34 respectively. In the last six months the stock went down over 6%. Cameco Corporation is a Canada-based company. The Company, along with its subsidiaries, is engaged in the exploration, development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.

Exelon Corporation (NYSE:EXC) plunged 0.93% to $45.71 on 7.96 million shares. The stock hit an intraday high and an intraday low of $46.03 and $45.56 respectively. In the last six months the stock went down over 11%. Exelon Corporation is a utility services holding company. It operates through its principal subsidiaries Exelon Generation Company, LLC (Generation), Commonwealth Edison Company (ComEd) and PECO Energy Company (PECO).

USEC Inc. (NYSE:USU) decreased 1.86% to $4.23 on 2.07 million shares. The stock hit an intraday high and an intraday low of $4.42 and $4.13 respectively. In the last six months the stock went down over 1%. USEC Inc. is a global energy Company. It is a supplier of low enriched uranium (LEU) for commercial nuclear power plants. LEU is a component in the production of nuclear fuel for reactors to produce electricity…http://trak.in/india/top-nuclear-stocks-losers-nyse-ccj-exc-usu/economy-59968/

Tags:, ,
Posted in Cameco, USEC | Leave a Comment »

USA wasting $billions on unnecessary nuclear and uranium projects

February 12, 2010

POGO is Shocked by Wasteful Spending in DOE Budget

Project on Government Oversight, Ingrid Drake, 4 Feb 2010 In the midst of initiating a federal spending freeze, it is shocking that President Obama’s FY 2011 Budget Request released this week pours billions of dollars into two unnecessary nuclear weapons construction projects. There is no demonstrated requirement for either the Uranium Processing Facility (UPF) at the Y-12 National Security Complex nor the Chemical and Metallurgical Research Replacement Nuclear Facility (CMRR-NF) at the Los Alamos National Laboratory (LANL). (more…)

Tags:, ,
Posted in politics | Leave a Comment »

Low price for uranium for the year ahead

February 12, 2010

An Un-Happy New Year For Uranium2/02/2010 Nine MSN By Andrew Nelson January was tough on uranium, with U3O8 prices dropping more than 5%, or US$2.25/lb to $42.25/lb from the prior month. The price is now at its lowest level since March 2009.The fairly steady decline that has been seen over the past few months is primarily the function of supply and demand fundamentals, with a high availability of stock not being helped by increasingly low-priced supply and light, mostly discretionary demand………….with demand remaining discretionary in nature, buyers are only really moving to lock in lower prices. Unfortunately, this demand is being met by an ever increasing willingness on the part of some sellers to lower prices further in order to close sales.

An Un-Happy New Year For Uranium

Tags:,
Posted in Uncategorized | Leave a Comment »

iran agreed to send uranium oversaes

February 12, 2010

Iran says ready to send uranium abroad as UN wants

The Washington Post By NASSER KARIMI

The Associated Press Associated Press Writer George Jahn in Vienna contributed to this report.
 February 2, 2010

TEHRAN, Iran — Iran said on Tuesday it was ready to send its uranium abroad for further enrichment as requested by the U.N. (more…)

Posted in politics | Leave a Comment »

Uranium wastewater spill

February 12, 2010

(USA) Federal regulators investigating SC uranium spill The Sun News The Associated Press 1 Feb 2010

COLUMBIA, S.C. — Federal regulators are at a South Carolina nuclear fuel plant investigating a spill of wastewater containing uranium.

The Nuclear Regulatory Commission said Monday a team had arrived at the Westinghouse Electric Co. plant near Columbia.

The NRC says about 200 gallons of wastewater containing ammonia and uranium spilled Jan. 24 after a pump failed.

Tags:
Posted in Uncategorized | Leave a Comment »

First Uranium warns finances may have been compromised

February 3, 2010

First Uranium warns finances may have been compromised Eric Lam, Financial Post  February 02, 2010 – “…….the unexpected loss of an environmental permit last month, while warning the delays have compromised the company’s finances.

The environmental authorization was for a new tailings storage facility, part of an existing tailings recovery project in the North West province of South Africa………….

Toronto-based First Uranium warned that construction delays as a result of this setback have “disrupted” financing opportunities which, if not obtained, would “severely compromise the company’s financial position.”………

First Uranium is also scaling back production from its tailings recovery project in March, to maximize its tailings capacity. The move will result in lower revenues and increase financing needs, the company warned.

The Department of Agriculture, Conservation, Environment and Rural Development, a provincial ministry, withdrew First Uranium’s environmental authorization to build a tailings storage facility in late January. The facility is supposed to be part of a larger tailings recovery project.

Tailings are waste by-products produced while refining ore. As the process produces a slurry of fine mineral particles suspended in water, tailings present a serious environmental issue for many mining operations.

First Uranium warns finances may have been compromised

Posted in 1 | Leave a Comment »

Newer Entries »
Follow

Get every new post delivered to your Inbox.