U.S. Runs Out Of Nuclear Fuel From Russian Warheads. Recent Performance Review Of 5 Uranium Producers. After an absolutely catastrophic 2011, uranium miners and the commodity itself have performed exceedingly well to start off 2012. The initial cause of last year's weakness was the Japanese nuclear catastrophe that followed the Fukushima Daiichi nuclear power plant getting hit by an earthquake and tsunami. The aftermath created a renewed fear of the radioactive power source, hitting the uranium mining industry's immediate and future demand projections. Shortly after the Japanese nuclear issue, Germany added to the concern by stating that it would reduce its use of nuclear power and slowly eliminate the power source. Expectations of additional similar policy decisions, coupled with rapidly falling natural gas prices, rendered nuclear power an unloved source of energy.
As a result, the uranium prices fell, as did the equity of uranium miners. Receive future articles by this author via email: Follow and be the first to know when they publish. Follow Zvi Bar (1,637 followers) New! Uranium Is a Deep-Value Sector: Alka Singh. Source: George S. Mack of The Energy Report (5/24/12) Having just founded her own research company, Mine2Capital, Alka Singh has her sights set on the uranium sector, where she sees deep values in a beaten-down industry. With two major catalysts likely to boost spot prices, M&A activity afoot, new mines coming into production and new companies coming to market, well-positioned investors stand to benefit from what just may be a coming boom. In this exclusive interview with The Energy Report, Singh shares what she sees on the horizon.
The Energy Report: Alka, after years at Rodman and Renshaw and then at Jennings Capital and Dahlman Rose, you started your own shop, Mine2Capital. What made you decide to set out on your own, and what investing philosophy will you use? Alka Singh: The reason we founded Mine2Capital was to provide trusted information for reliable investments. AS: Yes, all of that. TER: Along that line, will you be doing any buyside activities yourself? AS: It is. AS: Yes. Uranium found in town's tap water, health officials say | Around Oklahoma - KOCO Home. COYLE, Okla. —Residents of a town in Oklahoma have been told that their drinking water contains a high level of uranium, according to the Department of Environmental Quality. Health officials said the water in the town of Coyle contains too much of the radioactive metal. "We just happen to be one micro milligram per liter above the maximum contaminant level," Water Superintendent Joe Courtwright said.
Coyle officials sent out a notice to residents Friday from the DEQ stating that there was no immediate health risks from drinking the water. The notice said that drinking water with high uranium levels over time could create an increased risk of cancer or kidney problems. Coyle resident Michelle Aishman said she has been having water delivered to her home because her tap water did not seem safe to drink. "It's a different color. Courtwright said the nearly 300 people who live in Coyle get their water from a well. Courtwright said Coyle officials were looking at finding a new water source. High level of uranium found in Mongolian capital's groundwater: report. ULAN BATOR, April 24 (Xinhua) -- A high level of uranium has been detected in the groundwater in the Mongolian capital, local media reported.
The finding was made in a deep-well water research program conducted by a group of U.S. and Mongolian researchers in Ulan Bator last July in order to determine the arsenic content, according to the reports released Monday. The joint team of University of Michigan - Ann Arbor and National University for Medical Science of Mongolia extracted water samples from 129 deep wells in the city's seven districts and sent the samples to the United States for analysis. The results, according to the report, showed that the average uranium content is 4.6 milligram per liter, which is significantly above the safe level recommended by the World Health Organization (WHO). The researchers have yet to determine the causes. Uranium is a radioactive and poisonous chemical element which can produce negative impacts on the human genetic system.
Radioactive Obama Nazi. Iran warily welcomes U.S. flexibility. Source: Radio Zamaneh Iranian authorities report that while they are suspicious of recent overtures by the Obama administration about supporting low-grade uranium enrichment in Iran, they believe it would be an excellent step toward positive negotiations on the nuclear issue. The Los Angeles Times recently reported that U.S. officials have said that if Iran agrees to close and widespread inspection of its nuclear facilities by international inspectors, the U.S. might agree to let Iran continue enriching uranium to the five-percent level. Iran maintains that its uranium enrichment activities are aimed at making fuel for its nuclear reactors for power generation and medical purposes.
An unidentified Iranian Foreign Ministry official has told the L.A. Times that such a proposal by the G5+1 and the International Atomic Energy Agency will be "an excellent prologue" to the nuclear talks. The IAEA has reported that Iran has a 210-pound stockpile of 20-percent-enriched uranium. Cleanup of uranium waste near Moab will slow, which concerns Utah lawmakers. (Judy Fahys | Tribune file photo) Atlas tailings project manager Don Metzler, with the Department of Energy, stands in front of the site near Moab where millions of tons of uranium waste have been removed.
A new contract went to an Idaho company to take over from EnergySolutions Inc. and Rep. Jim Matheson said he is concerned that a scale-back in funding will slow down the project. Moab » Jim Matheson wants to hurry project, but he won’t represent the area after election. Cleanup crews have hauled a big chunk of the massive Atlas tailings pile away from Moab during the past three years. But the project’s supporters now worry about the heavy lifting ahead: the political effort needed to keep the project moving.
Under a new contract just getting under way, about 3 million tons of uranium-processing waste is set to be moved during the next five years. That’s a significant slowdown from the 5 million tons carved out of the 16-million-ton pile during the past three years. And Rep. Radioactive water 'flows' into ocean from Fukushima plant. The operator of the wrecked Fukushima Daiichi nuclear power plant says about 12 tons of radioactive water has leaked from the crippled Japanese facility, and some may have flowed into the Pacific Ocean. Tokyo Electric Power Co. (TEPCO) said on Thursday that the leak was found earlier in the day from a pipe attached to a temporary decontamination system, and the water contaminated with radioactive element strontium had already gone through some of the cleansing process.
“Our officials confirmed that cooling water leaked at a joint in the pipes,” a TEPCO spokesman said on condition of anonymity. He added that “it is possible that part of the water may have flowed outside the facility and poured into the ocean.” The spokesman noted that the leak has since been plugged, and the utility was probing the cause of the accident and how much, if any, water flowed into the Pacific. The accident was the latest of several leaks of radioactive water at the troubled Fukushima Daiichi nuclear plant.
China mine hunt turns to Africa, S.America, Asia. Radioactive GOV. Iran starts uranium enrichment, condemns American to death. Preserving Cabrini-Green's images In the sharp sun of an April afternoon, Nate Lanthrum walks through the remains of Cabrini-Green giving away what he has taken. He looks out of place, a white guy carrying a $1,500 Nikon D700 camera, but the residents are used to him by now and greet...
Blackhawks thrilled to have Brent Seabrook back Starting with Game 6 Sunday, Brent Seabrook's timeout will be over and the defenseman will be back on the ice — so long as he promises to play nice. The Blackhawks have done pretty well in Seabrook's absence, winning all three games the NHL... NFL draft preview: Defensive ends As the NFL draft nears — it takes place May 8-10 — we're taking an 11-day, position-by-position look at what's out there and what the Bears need.
In May 1974, Tribune delivered 2 Watergate bombshells Obama denounces racist comments reportedly made by NBA owner Cubs can't take advantage of Brewers' injuries Northwestern women win at Wrigley Blackhawks thrilled to have Brent Seabrook back. Australia hostage to the world. Mines not damaged by flooding. Vista Gold spokesman Raymond Iacono said media reports that the water was released from an old tailings dam were incorrect and that the water had instead come from a retaining pond. Mr Iacono said the water is acidic with a PH of about 3 to 3.5. The mine site has acid-rock drainage problems. When rain falls on the exposed rock it converts to sulphuric acid, causing heavy metals to leach into the nearby Edith River, causing fish kills. Mr Iacono said the water was regularly tested for heavy metals. The NT News has asked for the results of the most recent testing before the floods. The water was released within the regulations of the company's water discharge license, he said, and officials from NRETAS and the Department of Resources had inspected the site today.
The Edith river is used for irrigation and as a water supply. Other Territory mines were lucky to escape damage after intense flooding from ex-tropical Cyclone Grant. "It didn't affect us that much.'' Energy Metals signs first uranium export contract. Gregory Jaczko: NRC among 'Best Places to Work' - Dan Berman. Despite everything you might have heard about its feuding commissioners, the NRC’s embattled chairman says his agency is still a great place to work. The allegedly hot-tempered Gregory Jaczko is set to tell lawmakers Wednesday about the Nuclear Regulatory Commission’s successes in this “exceptionally challenging and productive year” — including the fact that the NRC was ranked the second-best place to work in the federal government, according to a copy of his prepared testimony obtained by POLITICO. Continue Reading “Even with the pressures of the past year, the NRC once again scored among the top tier of federal agencies in the 2011 Best Places to Work in the Federal Government rankings, conducted by the Partnership for Public Service,” Jaczko’s testimony says.
“The NRC scored No. 1 in all four major indices, including leadership and knowledge management, results-oriented performance culture, talent management and job satisfaction.” IAEA Project To Monitor Radioactive Substances In Pacific Ocean Region. Consumer sentiment in the U.S. improved by even more than previously estimated in the month of April, according to a report released by Thomson Reuters and the University of Michigan on Friday, with the consumer sentiment index reaching a nine-month high.
The report showed that the final reading on the consumer sentiment index for April came in at 84.1 compared to the preliminary estimate of 82 With immigration reform stalled in the House, Speaker John Boehner, R-Ohio, mocked his Republican colleagues in remarks on Thursday, suggesting that they are afraid to address the controversial issue. "Here's the attitude. Ohhhh, don't make me do this. Ohhhh, this is too hard," Boehner whined during a campaign stop in his home district in southwestern Ohio.
The United States has accused that Russia has put its faith in distraction, deception, and destabilization in eastern Ukraine. While U.S. Three American medical staff have been killed in an insider attack in a hospital in Afghan capital. China May Approve Nuclear Projects After Revising Safety Rules. Dec. 14 (Bloomberg) -- China, the world’s biggest energy user, may resume approving new nuclear projects after the cabinet endorses draft safety rules prepared by the Ministry of Environmental Protection, an industry association official said. “Technically, all conditions would be met after the State Council approves this new safety regulation,” Zhao Chengkun, vice president of the China Nuclear Energy Association, said yesterday by telephone from Beijing.
“I think it’s good news for China’s nuclear industry.” China suspended new nuclear projects after the March 11 earthquake and tsunami in Japan crippled the Fukushima Dai-Ichi plant and prompted a global review of atomic energy plants. The State Council said approvals would be withheld until existing projects and those under construction are inspected and a stricter safety regime is in place. Daya Bay Plants Daya Bay Nuclear Power operates six reactors in Guangdong’s Daya Bay and hopes to get approval to add two more reactors, Lau said.
Japanese nuclear power plant affects uranium stocks. NRC Chief Denies Verbal Abuse of Employees Cited by Colleagues. Dec. 14 (Bloomberg) -- U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko denied accusations by all four of his agency colleagues that he verbally abused employees, telling lawmakers he was hearing many complaints for the first time. Jaczko bullied employees, humiliated female workers and blocked information from being shared, the other commissioners told the House Oversight and Government Reform Committee today. Commissioners William Ostendorff and Kristine Svinicki said they have lost confidence in Jaczko’s leadership. “Many of these instances that they’re referring to have been misconstrued,” Jaczko, 41, said in response to questions. The House panel examined discord at the NRC after the four commissioners raised “grave concerns” about his leadership in an Oct. 13 letter to White House Chief of Staff William Daley.
‘Extreme Behavior’ “We’ve got people who are suffering under this gentleman,” Representative Jason Chaffetz, a Utah Republican, said. ‘Eroding’ Agency ’Not Criminal’ Congressman Kucinich expresses concerns on Davis-Besse cracks, urges public hearing before NRC allows reactor re-start. Apocalypse Newt - 2012 Elections. Newt Gingrich has changed a lot of positions over his many years in public life, but there are a few things about his worldview that are consistent. One is an obsession with apocalyptic or civilization-ending threats, often paired with the idea that Gingrich himself is alone (or nearly so) in recognizing the scale of the danger and in being equipped to deal with it.
My favorite example of this genre of Gingrich studies is a 1994 interview in which he declared “People like me are what stand between us and Auschwitz.” That line became an instant classic for Newt aficionados; less well-known is that Gingrich elaborated on the theme — at length — in the same interview, conducted by the Atlanta Journal Constitution: “I see evil around me every day,” he says. He cites the widespread slaughter from Bosnia to Washington D.C. The German tourist killed by what Gingrich calls “a savage” from the urban jungle of Miami. He added: “I don’t want my country to collapse.
As Mining Profits Soar, Legislation to Reform Nation's 139-Year-Old Mining Law. As Mining Profits Soar, Legislation to Reform Nation's 139-Year-Old Mining Law Hardrock mining companies nation’s largest source of toxic pollution Published on Nov 18, 2011 - 6:07:41 AM By: EARTHWORKS WASHINGTON, Nov. 17, 2011 – Prices for precious metals are soaring, but the hardrock mining industry remains exempt from paying royalties for the riches it extracts from U.S. public lands, and from paying to cleanup the pollution from abandoned mines. Legislation to make the mining industry pay its share and clean up its messes was welcomed today by Western communities who live daily with the impacts of mining. "With record-high metals prices and skyrocketing industry profits, it's time for mining companies to pay their fair share," said Lauren Pagel, policy director for Earthworks.
Rep. With precious metals prices higher than they have been in decades, big mining companies are enjoying astounding profits. "There are some places, sacred places such as Mt. Website: www.earthworksaction.org. Attackers of Siberian anti-uranium activists given jail terms | Crime. Stock Market Research - Zacks Investment Research. French nuclear reactors need safety upgrade - FRANCE. American depleted uranium ammunition. Radiation & Health What's New - Cancer panel to issue final report. Please give comments! Japanese Official Drinks Water From Fukushima Reactor Buildings. Europe Bans Airport Body Scanners over "Health and Safety" Concerns. Belgium Will Eliminate All Nuclear Power Plants By 2025. Sierra Club’s Nukespeak Revives the Nuclear Debate. Low levels of radioactive particles 'found in Europe' Fukushima Crisis: Gobs of Radioactive Contamination.
Chicago event unites activists for environmental justice. Gov't should thoroughly explain health risks from internal radiation exposure through food. Clean-up exposes 17 people to plutonium at Idaho lab. Sixteen workers exposed to radiation at US DOE lab in Idaho - Bellona. Forum explores pros, cons of uranium mining in Va. Uranium mining debate revs up. URANIUM DEVELOPMENT: Cigar Lake ore to be milled at McClean Lake | Canadian Mining Journal. Will the Government Guarantee Your Uranium Stock? (USU) Colorado: Court ruling puts uranium mining on hold. Kazakhstan Ends Rise In Uranium Production To Stabilize Prices. Effective Approaches for U.S. Participation in a More Secure Global Nuclear Market. Colorado demands Cotter Corp. clean up mine that's leaking uranium. Is Depleted Uranium As Safe As The Military Claims? DU Video | Heliobiology Predicts Effects Of Sunspot Cycles On Humans, History and Weather. GE warns nuclear reactors could struggle in earthquake.
N-plants to grow despite Japan disaster: IAEA. Intelligent absorbent removes radioactive material from water. Rio Tinto Places Offer for Uranium Junior Hathor Exploration. DOE to assist Ohio uranium plant project. Uranium Takeovers Offer Investors Big Payoffs. Cotter plans to reopen uranium mill near Cañon City. Congress takes on Arizona Strip mining issues. Kazakhstan steps up activity in rare-metals market. Time to scrap Koodankulam and start focusing on renewable energy | Causes | Judge halts uranium-mining plans in Colorado over environmental issues. A Call for a Moratorium on Open-Pit Mining. EPA wraps up uranium mine cleanup on Navajo Nation - KTAR.com. Bernard challenges Watkins for state Senate seat. The Grand Canyon, Uranium MIning, and John McCain. Uranium debate goes on. China Uranium Mining Market Overview and Forecast to 2020: Trends, Fiscal Regime, Major Projects, and Competitive Landscape - PR Newswire.
Steel Guru : Rio makes Hathor bid official and PEA modified - 233084 - 2011-10-30. As Palestinians Push to Restart Negotiations, US Quietly Supplies Israel With Bunker-Busting Bombs. Blast at French Nuclear Site Is Said to Kill One Person. South Australian population closing on eastern neighbours. Uranium Energy Corp Completes First Sale of Uranium. Key European Nuclear Firms Attacked By Variation On Stuxnet Virus. New Analysis: Indian Point Nuclear Plant Can be Replaced with Cleaner, Safer Energy.
Radiation Network. Southside resident reports on trip to Canadian uranium mine | Virginia Energy Independence Alliance. Olympic Dam project to inject $8.6bn into South Australia. IAEA team in Japan. Anti-nuclear rallies staged across US. Japan Discovers Plutonium Far From Crippled Nuclear Reactor | Fresh Coffee News… Radiation-Loving Fungi Can Remove Toxic Waste | Science. Plan targets highly contaminated mine on Navajo. Key Settlement Achieved on Water Rights for Energy Fuels’ Pinon Ridge Mill | Resource Investing News.
U.S. learns nuclear plant lessons.