BHP to feel uranium slide, Barry Fitzgerald, Sydney Morning Herald, May 9, 2011 THE partial meltdown of the Fukushima nuclear power plant in March has prompted leading uranium producer Cameco to cut its demand forecasts for the nuclear fuel. The cut has implications for BHP Billiton, which must find a home for the additional uranium it will produce with its planned $30 billion expansion of the Olympic Dam copper/uranium/gold mine in South Australia’s outback. (more…)
Archive for the ‘Cameco’ Category
BHP, Cameco feel the pain of falling uranium prices
May 30, 2011Australian uranium companies a market risk
May 30, 2011Risk fallout hasn’t left uranium stock, May 13, 2011, SYDNEY (MarketWatch) — Australian-listed uranium firms are sporting heavy year-to-date losses after the recent disaster in Japan, and while investors appear to be slowly returning to some shares, analysts say the risks haven’t gone away. (more…)
Uranium industry hypes itself, but it doesn’t ring true
April 9, 2011Insurance liability caps granted to the American nuclear power industry, for example, produce an annual indirect subsidy of $33 million for every reactor in the United States…..liability costs to the Japanese government arising from Fukushima Daiichi, while still impossible to estimate, were presumably large, and might make other governments see that offering subsidies to renewable energy sources might be a comparative bargain…
Uranium Processor Still Optimistic About Nuclear Industry, NYTimes.com, By IAN AUSTEN : March 25, 2011 OTTAWA — On the same day earlier this month that the Canadian company Cameco, a global leader in uranium mining and processing, gathered its executives from around the world for a strategic planning session, news broke of Japan’s staggering earthquake….. (more…)
Cameco’s shares join in the nuclear selloff
April 9, 2011Nuclear sell-off sweeps to uranium mining, Financial Times, By William MacNamara in London, March 20 2011 The sell-off slamming the nuclear power industry has swept to uranium mining, the source of nuclear fuel, with a range of miners’ shares opening this morning at least 15 per cent lower than levels preceding the earthquake in Japan.
Shares in Cameco, the major Canadian uranium producer, have fallen 20 per cent since March 10 despite Jerry Grandey, chief executive, saying that the impact of the Japanese nuclear crisis on the company’s sales would be “minimal”….
Poor outlook for Australian uranium stocks
April 9, 2011AUST URANIUM STOCKS CONTINUE TO SLIDE, Business Spectator, 15 March 11, Reuters Shares in Australian uranium miners fell further as Japan’s nuclear crisis deepened and several countries said they would reconsider their position on nuclear power. (more…)
Cameco puzzles on how to clean up radioactive spill on board ship
February 7, 2011Cameco, regulators finalize cleanup plan for uranium concentrate spill , The Vancouver Sun, By Cassandra Kyle January 18, 2011 A ship whose cargo of uranium concentrate spilled during bad weather at sea is docked in British Columbia while a Cameco Corp. team assesses damage to its product and devises a plan to clean up the spill. (more…)
Cameco’s uranium plan brings risks to water supply, and workers’ health
November 9, 2010Cameco’s Kintyre Uranium Project report details risks to mine workers from radiation exposure, the potential for groundwater contamination and the spread of radioactive dust and its potential to endanger flora and fauna.
Radiation fear for Pilbara uranium mine workers * Narelle Towie, The Sunday Times November 08, 2010 A CANADIAN company plans to draw five million litres of water a day – two Olympic-sized pools – to operate a uranium mine on the edge of a Pilbara national park. (more…)
Rival uranium companies quietly planning transport routes in Australia
September 11, 2010Cameco may join with BHP Billiton and others…From there, the product may be sent by train to a port in South Australia,
Cameco May Work With BHP, Toro for Uranium Transport Hub in West Australia, Bloomberg, By James Paton – Sep 10, 2010 Cameco Corp. said it seeks to cooperate with companies including BHP Billiton Ltd. and Toro Energy Ltd. on transporting uranium oxide, potentially through a hub near Kalgoorlie in Western Australia…… (more…)
Cameco’s Central Australian uranium -Angela Pamela’s doubtful future
September 11, 2010the mine is unlikely to go ahead due to poor economic viability. Yet another reason to ramp up the opposition to this marginal and unpopular mine.
Arid Lands Environment Centre, Jess Abrahams, 9 Sept 10, On the eve of the Federal election in Alice Springs, incumbent local member Warren Snowdon made an announcement that if they were re-elected, Labor would fund a study into the threat to Alice Springs’s groundwater supplies from a uranium mine at Angela Pamela. (more…)
Cameco uranium company adopts Tobacco industry style ‘spin’
September 4, 2010The Nuclear Industry copies the Tobacco Industry. Same old tactics. You cast around to find a scientist willing to be paid to say that your product is “healthy” and “clean”.
Cameco uranium mining company is running “Community Liaison Forums”. And guess what? They’ve found that low dose ionising radiation is not only healthy – it even prevents illness!
Not a surprise, really, from Cameco. For years they’ve been pitching radiation to kids, as a fun thing.
