Niger kidnappings puts Paladin Energy off NGM bid, Fri Sep 24, 2010 SYDNEY, Sept 24 (Reuters) – Australia-based uranium miner Paladin Energy is to drop its A$27 million ($26 million) bid for NGM Resources (NGM.AX: Quote), it said on Friday, citing worries that kidnappings in west Africa would hamper NGM’s exploration work in the region. Niger kidnappings puts Paladin Energy off NGM bid | Metals & Mining | Reuters
Posts Tagged ‘nuclear issues’
The high-ranking group, headed up by Resources Minister Martin Ferguson and former BHP chairman Don Argus, will consult with industry groups and hopes to have at least a couple of key issues resolved by the end of the year…..
Mining chiefs to advise minister on mineral resources tax | The Australian September 20, 2010 (more…)
But is BHP just playing the uranium card ?….is it an announcement to push the South Australian government to OK the Olympic Dam mine expansion;
BHP Boss Casts Doubt On Coal’s Future, Energy Efficiency, September 18th, 2010 When the world’s largest mining boss Marius Kloppers warns Australia should look beyond coal and towards other energy sources, you have to wonder whether its spin or otherwise. (more…)
BHP, Rio Tinto, Pilbara Manganese, Fortescue Metals and Hamersley HMS were the thirstiest, collectively taking more than 345 billion litres of water last year….Bore users are not charged for the water…the drawing of water by bore users had dried up lake systems in Yanchep National Park.
- Bore users escape fines | Perth Now, By Narelle Towie, September 18, 2010 “………….the mining sector has been exposed as the biggest water guzzler in the state, according to the department’s annual report, which will be released at the end of the month. (more…)
Iran defies West and cranks up uranium work Sydney Morning Herald February 10, 2010
The US has begun circulating ideas for possible sanctions among its closest allies on the UN Security Council and is hoping Tehran’s announcement will convince China that its real purpose is to create a weapon, not the civilian use of nuclear energy.
Calling Iran’s move provocative, a senior US official said the decision to enrich to 20 per cent, if carried out, would suggest that Iran’s ”intentions are not as they stated”………….
Business Report – Web: State finds First Uranium broke the law February 8, 2010By Asha Speckman First Uranium’s application for an environmental authorisation licence was withdrawn because it had contravened law and begun development of its minewaste tailings processing facility at its Ezulwini mine near Potchefstroom without proper approval. (more…)
(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.
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 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…)
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/