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Archive for July, 2012
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July 20, 201218 people arrested in protest action at Olympic Dam uranium mine
July 20, 2012Protests flare again at Olympic Dam news.com.au 19 July 12, FIVE people have been arrested after renewed protest action at the Olympic Dam uranium and copper mine in South Australia’s north.
The arrests on Thursday brought to 18 the number of people taken into police custody since about 350 anti-nuclear activists converged on the area on Saturday.
The official protest was scheduled to conclude on Wednesday but up to 100 people remained in the area. Police said about 40 people blocked Olympic Way, just south of the declared protected area, on Thursday morning. They pushed a car onto the road, let down its tyres and locked the steering.
The action forced a truck to stop on the road and two men then chained themselves to the underside. They were arrested and charged with illegal interference. Three other people were charged with refusing to follow police direction.
Analysts have overestimated the future for Australia’s uranium industry
July 20, 2012Toro boss says analysts overestimate uranium industry Australian Mining 19 July, 2012 Andrew Duffy Toro Energy managing director Greg Hall, who is leading the development of WA’s first export uranium mine, says analysts have overestimated future uranium production….
new projects must pass technical, regulatory and finance hurdles, often uniquely specific to the uranium sector, before construction and ultimately production can come online,” he said.
“In this regard Toro believes the market and a number of uranium analysts are being overly optimistic on supply timelines for new uranium projects and that as a result future production is overestimated.”
Delay in decision by Toro Energy on Wiluna uranium mine project
July 20, 2012WA’s first uranium mine delayed Business Spectator, 19 Jul 2012 The timeline for Western Australia’s first uranium mine has slipped after a rigorous environmental assessment. Toro Energy Ltd announced a revised target date for a final board decision on whether to proceed with its Wiluna project in central WA, moving it back to the first half of 2013.
The company had previously expected to make a final decision by the end of 2012.
The project was approved by the state’s Environmental Protection Authority (EPA) in May and appeals are being reviewed before a final decision by WA environment minister Bill Marmion. Managing director Greg Hall said yesterday the company hoped Mr Marmion would make a decision by the end of September….
…. In 2008, the Liberal state government lifted a six-year ban on uranium mining that was imposed by the previous Labor government. WA’s Labor opposition remains has not changed its stance on uranium mining, but says it will not stand in the way of any planned uranium mine that has received approvals if the party wins state elections in March.
There are no other uranium projects in WA that would be fullyenvironmentally approved by the time of the election.
ww.businessspectator.com.au/bs.nsf/Article/Timeline-for-WAs-first-uranium-mine-slips-WC4P8?OpenDocument
Will Olympic Dam uranium mine expansion go ahead? BHP keeping quiet about this
July 20, 2012BHP tightlipped about whether or not the big new Olympic Dam uranium mine will actually go ahead
For all the hype about its planned “biggest uranium mine in the world” at Olympic Dam, BHP is experiencing some jitters, as shareholders are not so keen on seeing the company blow $30 billion on this behemoth, before there’s a sign of any profit from this geewhiz dream of CEO Marius Kloppers.
BHP Seeks Friends in Volatile Times, Wall Street Journal, 19 July 12“…..fuel for volatility in BHP’s shares is the question of BHP’s spending discipline. Commonwealth Bank has said it remains concerned by the company’s capital allocation policy, and believes the market would rather see windfall cashflow returned to shareholders via dividends or share buybacks…
BHP has declined to comment on the progress of the multibillion dollar projects, including the expansion of the OlympicDam copper-uranium mine in South Australia …“Cuts to capex [capital expenditure] and growth profile are…likely if commodity prices weaken further than expected,” Citi analysts said.
Facing up to the radioactive waste problem from rare earths processing
July 20, 2012Recycling Rare Earths Stop Lynas, 11 July 12, “…….We know that human induced climate change is a fact. Solutions to cut carbon emissions include energy efficiency, hybrid cars and renewable technologies like wind power which all need rare earths. But it is a dangerous path we are on when we continue with the ‘business as usual’ moto – instead we must continue to challenge the influence of governments and corporations that do not take people’s needs into account by protecting human rights and the environment for future generations.
One partial solution to the negative impacts of rare earth mining and processing would be to reduce consumption and increase the reuse and recycling rates of rare earth elements. Currently the recycling rate for most rare earth metals is around 1% or less . Japan is exploring increased recycling of rare earths fromelectronic waste . If the price of the final materials included the true social and environmental costs of rare earth mining, the incentive to recycle and dig up less would increase.
We must be concerned not only with how our use of rare earths contributes to their depletion, but also how pollution from the production, processing and use of rare earths should be considered in the context of our use – particularly because rare earths are recyclable. http://stoplynas.org/recycle-rare-earths/
BHP Billiton – Australia’s “State Within a State” presides over governments
July 20, 2012BHP’s URANIUM FIEFDOM , 11 July 2012, New Matilda Olympic Dam has been plagued with faults – but is exempt from public scrutiny. The failure of government and business to ensure the mine’s safety is not a fringe issue, writes Jim Green
BHP Billiton’s Olympic Dam uranium and copper mine is a state within a state. It operates under a unique set of laws enshrined in the amended Roxby Downs Indenture Act. That would be unobjectionable except that the Indenture Act allows Olympic Dam wide-ranging exemptions from environmental laws, water management laws and Aboriginal Heritage laws — and for good measure it curtails the application of the Freedom of Information Act.
Hundreds of Australians are protesting the mine this weekend. Their overarching concern might be expressed as what sociologists call “political blockage” — official avenues of grievance resolution are closed so people take matters into their own hands…. (more…)
Olympic Dam copper/uranium mine under review – and metals recycling further dims its prospects
July 20, 2012Olympic Dam is surely under review,” said UBS mining analyst Glyn Lawcock. “It’s not an issue of finding the cash,” he
said, but rather ensuring a good return on the investment……
Further curbing the appetite for refined copper, BHP now sees recycled scrap meeting up to 50 percent of China’s overall demand in the coming year for the metal, up from 35 percent now.
there is a much bigger question mark over it [Olympic Dam new mine] now
BHP Olympic Dam delay would tighten copper supply Reuters, By James Regan SYDNEY | Fri Jul 6, 2012 “….. A 25 percent drop in benchmark international copper prices since early 2011 has eroded potential returns from the project, and the economic slowdown in top base metal consumer China has dampened the demand outlook.
BHP’s scheme to quadruple output from Olympic Dam – the fourth-largest known copper deposit and largest uranium source in the world – is one a growing number analysts believe likely to be shelved until markets stabilize…. London copper prices have fallen to around $7,650 a metric ton (1.1023 tons) from a peak over $10,000 in early 2011 as big copper buyers such as car and computer manufacturers slow consumption…
Olympic Dam is surely under review,” said UBS mining analyst Glyn Lawcock. “It’s not an issue of finding the cash,” he
said, but rather ensuring a good return on the investment…… (more…)
Australia’s anti-uranium activists wrongly depicted by media and government
July 20, 2012Still fresh for many campaigners are the memories and scars of an anti-nuclear protest at the Beverley Uranium Mine inMay 2000…. a nasty example of police violence
we should also try to engage genuinely with the important moral issues that the protestors are highlighting.
Their agenda is quite public , which is more than could be said for the private sector interests they are protesting. We might also question why the police are deploying over 200 personnel to “manage” a peaceful protest and what violence police have instigated during similar events in the recent past.
Peaceful dissent and a lizard’s revenge http://www.abc.net.au/environment/articles/2012/07/10/3541989.htm PETER D. BURDON ABC 10 JUL 2012 Protesters at the Beverley uranium mine were treated in a “degrading, humiliating and frightening” manner in 2000, according to a later judgement.
THE ANTI-NUCLEAR MOVEMENT in Australia can be characterised by several key themes – colour, lentils, solidarity and a commitment to nonviolent acts of resistance. Another pervasive theme that characterises the past forty years of activism is power imbalance. On one side of the struggle you have poor and sometimes dislocated indigenous people, students and concerned community members (greenies). On the other side there are billion dollar companies, the Government, State police and the media.
Such is this power imbalance that many campaigners will spend decades resisting without reward. Those who are fortunate to be involved in a campaign victory (or even a slight concession) have also seen promises betrayed and decisions reversed.
Yet, despite many crushing defeats, antinuclear activists continue to resist. They do so, not because they have nothing better to do, or because they are violent delinquents (the images commonly portrayed in the media), but because they are acting in accordance with their conscience.They are resisting environmental degradation, corporate dominance, and the continued dispossession of Aboriginal communities. They are also promoting things such as appropriate technology, de-growth economics, solidarity and antiquated notions such a citizen’s right to participate in a democracy. Whatever one’s political persuasion, these are all pressing moral and social issues and they deserve our most earnest engagement. (more…)
Australia’s federal and State governments allow BHP Billiton to be above the law
July 20, 2012Jim Green: Project a rule unto itself Adelaide Now, Jim Green July 10, 2012 OLYMPIC Dam is like a state with no environment, water, Aboriginal and FoI laws, says Jim Green. HUNDREDS of Australians will converge on BHP Billiton’s Olympic Dam uranium/copper mine – and a camp up the Oodnadatta Track – from Saturday for five days of protest, education and entertainment.
The concerns leading people to participate are many and varied. The overarching concern might be expressed as a failure of governance - corporate and political.
Olympic Dam is a state within a state. It operates under a unique set of laws enshrined in the amended Roxby Downs Indenture Act.
That would be unobjectionable except that the Indenture Act allows Olympic Dam wide-ranging exemptions from environmental, water management and Aboriginal Heritage laws and, for good measure, it curtails the application of the Freedom of Information Act.
SA Liberal Party industry spokesman Martin Hamilton-Smith said “every word of the (Indenture) agreement favours BHP, not South Australians”. It beggars belief the SA Labor Government would agree to such one-sided terms and that Mr Hamilton-Smith and his Liberal colleagues waved it through Parliament with no amendments. (more…)
