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. 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. Alka Singh: The reason we founded Mine2Capital was to provide trusted information for reliable investments. Uranium found in town's tap water, health officials say. 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. 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.
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. 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. 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.”
China mine hunt turns to Africa, S.America, Asia. HONG KONG (Reuters) - Chinese firms are on the prowl for mining investments in Africa, South America and central Asia as they look to feed ever expanding domestic demand for key commodities, but are switching away from Australia and Canada, which are getting too expensive.
Iron ore and copper have been the hot targets over the past few years, but more recently, China Guangdong Nuclear Power Corp has gone after uranium in Africa, and firms are now seeking gold, nickel, tin and coking coal, too. They used to prefer Australia and Canada for their political stability, but state-owned and private Chinese investors say assets in those countries are becoming too expensive.
"Those traditional markets that are developed, while being more stable - the likes of Australia and Canada - the competition to gain good resources is actually very, very intense," said Leong Eng Kiat, Managing Director of CCB International Capital. "Because of that, the prices tend to be bid up.
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. 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. Energy Metals signs first uranium export contract. CHINESE-controlled uranium explorer Energy Metals has signed its first local uranium trading contract, agreeing to export third-party uranium from Adelaide to its parent company in Shanghai.
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.
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.
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. 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.
Congressman Kucinich expresses concerns on Davis-Besse cracks, urges public hearing before NRC allows reactor re-start. Apocalypse Newt - 2012 Elections.
As Mining Profits Soar, Legislation to Reform Nation's 139-Year-Old Mining Law. Attackers of Siberian anti-uranium activists given jail terms. Stock Market Research - Zacks Investment Research. Nov 18, 2011 (SmarTrend(R) Spotlight via COMTEX) -- Uranium Energy (AMEX:UEC) is one of today's worst performing low-priced stocks, down 2.0% to $3.01 on 0.6x average daily volume.Uranium Energy has traded 216,000 shares thus far today, vs. average volume of 379,000 shares per day.
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' 11 November 2011Last updated at 17:14 Low levels of radioactive particles have been detected in the Czech Republic and elsewhere in Europe, the UN nuclear agency has said. The iodine-131 particles do not pose a public health risk, the International Atomic Energy Agency said.
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. 9 November 2011Last updated at 04:55. 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. 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. 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. 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. 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. Radiation-Loving Fungi Can Remove Toxic Waste. Plan targets highly contaminated mine on Navajo. Key Settlement Achieved on Water Rights for Energy Fuels’ Pinon Ridge Mill. U.S. learns nuclear plant lessons.