uranium news

Radioactive dust storm threat’ if mine goes ahead
ABC News 24 Sept 09 An Academy Award-nominated documentary maker claims the red dust dumped onto east coast cities yesterday is a reason to be concerned about BHP Billiton’s proposal to turn South Australia’s Olympic Dam uranium mine into an open-cut mine.

David Bradbury has made four documentaries on the nuclear issue and says figures in the company’s environmental impact study suggest that 70 million tonnes of radioactive tailings will be dumped at the minesite each year.

He says these tailings contain alpha radiation, which is known to be carcenogenic to humans and animals.
“My grave concern is that with the open-cut mine expansion that BHP Billiton wants permission from state and federal governments to go ahead with, that the radioactive tailings left behind will blow over the eastern coast centres of the most populated cities of Australia,” he said

‘Radioactive dust storm threat’ if mine goes ahead – ABC News (Australian Broadcasting Corporation)

Alliance Resources Falls as Four Mile Uranium Project Delayed
By James PatonSept. 21 (Bloomberg) — Alliance Resources Ltd., joint developer of the Four Mile uranium mine in South Australia, fell the most in five months in Sydney trading after saying the start of the project would be postponed until at least April 2010.The Melbourne-based company’s shares slumped 9.8 percent to 73.5 Australian cents, the biggest decline since April 20. Partner Quasar Resources Ltd. can’t begin construction because a mining lease has been delayed, Alliance said today in a statement to the Australian stock exchange.

Alliance Resources Falls as Four Mile Uranium Project Delayed – Bloomberg.com

Beware of the over-confidence trick  PURE SPECULATION: Robin Bromby | September 21, 2009Article from: The Australian CONFIDENCE certainly seems to have returned to the resources sector, but the worry must be whether it is now transitioning into over-confidence
We have all been transfixed by the massive gains in recent weeks in some stocks, the dramatic jumps on drilling results and the headless chook carry-on in the chat rooms. That suggests overheating……..

Northern Uranium (NTU). In April 2007 its shares reached $1.89 but by March this year levelled out at 10c. In the past seven trading days there has been some discernible activity as the NTU share price has moved from 17c to as high as 26c on no news. Somebody, it seems, is suddenly taking an interest in this junior. NTU hasn’t been all that active over the past two years, but it has been working up to the stage where it could drill its Gardiner-Tanami project close to Western Australia’s border with the Northern Territory. The operator is French nuclear giant Areva, which has around 10 per cent of NTU. Other big shareholders are Polaris Metals (POL) and Washington Resources (WRL).

Beware of the over-confidence trick | The Australian