tag:blogger.com,1999:blog-52116496071048115992024-02-07T19:53:39.933+10:00Australian Uranium Investingtturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.comBlogger437125tag:blogger.com,1999:blog-5211649607104811599.post-57161444669479820882014-11-30T18:44:00.002+10:002014-11-30T18:45:42.610+10:00The Uranium Bull Market: Only The Second Inning, Significant Upside Ahead <div style="text-align: center;">
Published on Sunday 30th November 2014 (AEST)
<img src="http://www.commodityuniverse.com/images/upload/featuredimages/article673featuredimage-1.jpg" height="220" width="600" /></div>
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">An
<a href="http://seekingalpha.com/news/2145505-uranium-spot-prices-plummet-as-buyers-exit-market" rel="nofollow">article</a>
published on Seeking Alpha November 24th titled "Uranium Spot
Prices Plummet as Buyers Exit the Market" is somewhat misleading
and overlooks the nuances of the uranium spot market. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">The spot
market is thinly traded, driven primarily by one off transactions
which can be very volatile (hence the 5% rebound last night
bringing U308 spot prices back above $40/pound, after the 8% drop
on Friday). Heightened focus on the spot move - on the pages of
Seeking Alpha and elsewhere - spurred uranium equities such as
Cameco Corp. & Denison to sell-off sharply, despite the fact that their
uranium contracts are long term, and not directly related to the
spot price on any given day. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">The most important points to focus on
when analyzing this market are the trajectory of uranium prices
(higher), the long-term supply-demand imbalance (and why recent
news regarding Japanese restarts is extremely important) and how
much uranium-related equities are positioned to benefit given
current valuations. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">As stated above, the uranium market is not very deep - the
buying trends of utilities is critical to the price and can drive
large swings in the price on a one-off basis. Our channel checks
suggest that most utilities are behind in striking new contracts
supplying them with uranium, just as in aggregate, global utilities
enter the biggest contract role cycle of the last several years
(see Chart 1). Most contracts are executed on a five or ten-year
basis, and as the chart shows, 2005 and 2010 were the heaviest
volume years going back to 1990. We believe natural buyers will be
in the market to support any dip in price (again, see last night's
strong rebound) starting now through the first two quarters of 2015
to secure the supply they are behind in contracting.</span></span><br />
<br />
<br />
<br />
<div style="text-align: center;">
<i>(click to enlarge)</i>
<a href="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-14169514853135834-SCM-Texas_origin.jpg" rel="nofollow">
<img class="articleImgLg" src="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-14169514853135834-SCM-Texas.jpg" />
</a>
</div>
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">Most uranium-watchers are extremely focused on Japan, but why?
The Fukushima disaster was responsible for the start of the uranium
bear market, and many bulls have hung their hopes on Japanese
restarts as the primary driver of uranium equity prices. Earlier in
November, two reactors at Japan's Sendai plant received approval
for restart (the first since the 2011 Fukushima event). Though
important from a sentiment perspective, the restart of two reactors
in and of itself does not move the demand needle. The approval is
however, a game changer, but not for the reasons commonly
discussed. The decision to restart removes one of the biggest
short-term oversupply concerns affecting the market (another
catalyzing factor for global utility buying demand).</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">
</span></span><span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">Prior to the Sendai announcement, many uranium market
participants feared that an estimated 100mm pounds of Japanese
inventory would be supplied to the market if Japanese officials
failed in their campaign to restart. The likelihood of this event
is now dramatically reduced as it would be illogical to sell
necessary uranium reserves ahead of what will be a multi-year
restart effort. As a sidenote, a successful snap election for Prime
Minister Abe and his LDP party bodes well for an acceleration in
the restart program. The LDP party has been firmly behind nuclear
restarts, but their junior coalition partner, the Komeito party,
has been an opposition force. Abe looks to be in a good position to
secure an outright majority, and the implicit uranium catalyst is
not often cited by the market.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">
</span></span><span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">While Japan is a popular component of the uranium trade, its
contribution to future demand becomes less significant when
compared to the growing number of reactor builds in the rest of the
world, which in aggregate are a much more important source of
demand. Industry consultants and uranium company management teams
alike project the uranium market going into deficit over the course
of the next several years excluding the demand impact of Japanese
restarts (see Chart 2). As has been pointed out many times by
various sources, until spot uranium reaches some ~$75/pound, it is
uneconomical for uranium supply to come online. We believe that a
clearing price level of at least $75/pound will be achieved in Q1
or Q2 2015.</span></span><br />
<br />
<br />
<div style="text-align: center;">
<i>(click to enlarge)</i>
<a href="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-1416951652310498-SCM-Texas_origin.jpg" rel="nofollow">
<img class="articleImgLg" src="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-1416951652310498-SCM-Texas.jpg" />
</a>
</div>
<span style="font-size: large;"><span style="font-family: Georgia,"Times New Roman",serif;">While the recent move in Uranium equities since the Sendai
reactor announcement may seem significant, it only brings equities
back to where they were trading at the end of September of this
year. Perhaps more surprising, is the general divergence between
the spot price and related uranium equities since the summer, which
has only partially closed (see Chart 3)</span></span>.<br />
<br />
<br />
<i>(click to enlarge)</i>
<br />
<div style="text-align: center;">
<a href="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-14169517192250419-SCM-Texas_origin.jpg" rel="nofollow">
<img class="articleImgLg" src="http://static.cdn-seekingalpha.com/uploads/2014/11/25/34426445-14169517192250419-SCM-Texas.jpg" />
</a>
</div>
<span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: large;">Though daily fluctuations in the spot price do not affect the
operations of uranium miners such as Cameco and Denison, long-term
price increases do impact the Net Asset Value ("NAV") of the
companies. We believe the divergence in pricing between the
commodity and equities reflects skepticism in the market about the
sustainability of the underlying price move. </span></span><br />
<br />
<span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: large;">Our discussions with
bigger market players suggest that uranium demand is strong, while
supply has been surprisingly thin. Meanwhile, both Cameco and
Denison trade at significant discounts to NAV - upwards of 50%
based on internal calculations based on given current pricing. We
believe that higher spot prices, plus an eventual normalization of
NAV multiples for the sector offers 100%+ upside to several names
from today's prices.</span></span><br />
<br />
<span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: large;">Current equity prices reflect worst-case scenarios, just as the
macro tailwinds for the industry are the strongest in several
years. The buying behavior of utilities coming into their contract
roll cycle, in addition to the positive sentiment catalyzed by
Japan's restarts is underestimated by the market. Our top pick in
the sector is Denison Mines based on the prospects of its Wheel
Lake Gryphon zone drilling site, 22.5% joint venture stake of the
Cigar Lake asset (operated by Cameco) and possibility of a near
-term non-core asset sale (assets which currently have zero value
in the NAV calculation). Internal one-year price target is C$ 2.20,
implying greater than 75% upside from November 25th's closing
price.</span></span><br />
<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br />
Read more: <a href="http://www.nasdaq.com/article/the-uranium-bull-market-only-the-second-inning-significant-upside-ahead-cm418184#ixzz3KXTxqDIx" style="color: #003399;">http://www.nasdaq.com/article/the-uranium-bull-market-only-the-second-inning-significant-upside-ahead-cm418184#ixzz3KXTxqDIx</a></div>
<br />
<br />
<br />
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com6tag:blogger.com,1999:blog-5211649607104811599.post-16400769447406920922014-08-15T12:07:00.003+10:002014-08-15T12:07:50.824+10:00Will 15% Of Uranium Supply Be Lost On August 28th 2014?<div style="text-align: center;">
Published on Friday 15th August 2014 (AEST)
<img src="http://easycalculation.com/chemistry/elements/images/uranium.jpg" height="180" width="500" />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span></div>
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">In terms of supply, there's one place that's head-and-shoulders above
all others: the Athabasca Basin of northern Canada. With uranium mines
here running at grades up to 100 times greater than deposits in most
other parts of the world.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">And with uranium prices down, Athabasca has become all the more
critical for supply. Being one of the few places on the planet where
producers are still making money--and continuing to turn out production.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">But news this week suggests that problems of a different kind could be brewing here. Labor issues.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Local
news sources report that workers at the major McArthur River mine and
Key Lake processing facilities may be preparing to strike. With the move
coming after the United Steelworkers Union's collective agreement with
mine operator Cameco expired in December 2013.</span></span><br />
<br />
<div style="text-align: center;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> <img src="http://www.investcom.com/graphics/at_basin.gif" width="500" /></span></span></div>
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Talks since have
apparently been unsuccessful in arriving at a new labor deal. And
negotiations between Cameco and the workers are now set to conclude on
August 28--with the union reportedly having authorized a full strike for
its 540 members here if an agreement is not reached by that date.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Such
a stoppage could be one of the biggest events to hit uranium supply for
a long time. The McArthur River mine alone puts out up to 18 million
pounds of uranium each year--equating to nearly 15% of current global
supply.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The facility has never seen a strike before, so it's
uncertain exactly what the impact on production might be. But Cameco
itself has acknowledged a possible knock on output, noting that "there
is risk to production if we are unable to reach an agreement and work
stoppage occurs."</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Of course the two sides still have two weeks to
work out an agreement and avert the strike. But if such a solution fails
to emerge, things could get a lot tighter in uranium, very quickly.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Here's to high-pressure negotiations,</span></span><br />
<br />
<br />
<h6>
<a class="black" href="http://oilprice.com/contributors/Dave-Forest">Dave Forest</a></h6>
<div>
Company: Pierce Points Daily E-Letter</div>
<div>
</div>
<div>
</div>
<br />
<br />
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" height="400" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com3tag:blogger.com,1999:blog-5211649607104811599.post-51504741816026437732014-08-05T17:58:00.001+10:002014-08-05T17:58:04.128+10:00Queensland Government's New Uranium Mining framework opens the state to Yellowcake Exploration<div style="text-align: center;">Published on Tuesday 5th August 2014 (AEST)
<img src="http://www.triathlonoz.com/images/Places/31105_6__TN800x600.jpg?_11052" height="250" width="500" /> </div>
Between 1958 and1963 a total of 4500 tonnes of uranium were produced. A
world oversupply of uranium led to the mine lying idle from 1963. It was
reopened in 1974 but closed again in 1976. It was finally closed down
in 1982 and the following year everything in the town from the houses to
the public buildings and the equipment was put up for auction. <br />
<br />
<div class="first">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">A framework to guide the reintroduction of uranium
mining in Queensland is expected to encourage uranium exploration,
despite the resource's low price on the international market.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The Queensland Government's regulatory framework that will enable the development and operation of its uranium industry.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The action plan is one of the features of the government’s 30-year plan to develop the state.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Uranium
hasn't been mined in Queensland since the closure of the Mary Kathleen
mine in 1982. A ban was introduced seven years later.</span></span><br />
<div class="inline-content audio right">
<div class="inline-audio">
</div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><a class="inline-caption" href="http://www.abc.net.au/news/2014-08-01/uranium-framework-released/5641476"><b>Audio:</b>
Uranium mining framework revealed
<span class="source">(ABC Rural)</span></a></span></span></div>
<div class="inline-content audio right">
</div>
<div class="inline-content audio right">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><span class="source"> </span>
</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Queensland Natural Resources and Mines
Minister Andrew Cripps,says the framework takes into account all
relevant issues across the uranium mining life cycle, such as strict
environmental standards, transportation and safe handling. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“Over
the last 18 months, since the government announced that we would be
removing the ban on uranium mining, we have been working very hard to
develop a modern regulatory framework for the development of this
industry,” Mr Cripps said.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The framework provides mining companies with a blueprint for their planning if they choose to propose a new uranium mine.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Mr
Cripps says it is unlikely mining companies would seek to develop a
mine any time soon, as the global uranium price is very low and it will
not be commercially viable until the market recovers.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“Any applications that do come forward will be driven by the commercial realities of the day,” he said.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“The
whole purpose of having (this) framework in place is that, when there
are commercial opportunities that present themselves, Queensland is in a
position to take advantage of those opportunities.”</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Mr Cripps expects companies will be ready to start exploration and other preparations ahead of any improvements to the market.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Georgetown
resident Noeline Ikin sat on the Uranium Mining Implementation
Committee, which collaborated with the State Government to create the
new framework.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">She says her view of uranium mining improved during the process. She also said there would be strong employment opportunities “There
would be two or three of four years of construction (of a new facility)
that local people are able to engage in and benefit,” she said.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“Then when the mine starts operating... there will be 400-500 employees for an average mine.”</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Townsville
deputy mayor Vern Veitch, a critic of uranium mining, says the new
framework does nothing to ease concerns about the safety of
reintroducing the industry.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“There is very strong concern in
Townsville about the possibility of a mine reopening just over the
Herveys Range ridge at Ben Lomond (mine site).</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">"The reason for that is that the Burdekin River is the back-up water supply for the Townsville community.</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“We
simply cannot take the risk that this water could be contaminated with
radiation poisoning from a severe storm, heavy rain that would see
tailings go into the Burdekin River,” Mr Veitch said.</span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Applications
for uranium mining projects will be lodged with the Coordinator-General
for assessment and a Uranium Mining Oversight Committee has been
established. </span></span><br />
<br />
<br />
<br />
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com2tag:blogger.com,1999:blog-5211649607104811599.post-75415988468778441602014-06-25T07:57:00.002+10:002014-06-25T08:01:08.526+10:00GoviEx Uranium (CSE: GXU) New TSX Listing<div style="text-align: center;">
Published on Wednesday 25th June 2014 (AEST)
<object height="415" width="560"><param name="movie" value="//www.youtube.com/v/vf7yvYcB5VA?hl=en_US&version=3&rel=0"></param>
<param name="allowFullScreen" value="true"></param>
<param name="allowscriptaccess" value="always"></param>
<embed src="//www.youtube.com/v/vf7yvYcB5VA?hl=en_US&version=3&rel=0" type="application/x-shockwave-flash" width="560" height="415" allowscriptaccess="always" allowfullscreen="true"></embed></object>
</div>
<div style="text-align: center;">
<br />
<div style="text-align: left;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Company's principal objective is to become a significant uranium
producer through the continued exploration and development of its
Madaouela Project and its other uranium properties, in Niger.</span></span></div>
<div style="text-align: left;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> </span></span>
</div>
<div style="text-align: left;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Company's principal asset is an advanced-stage exploration
property located in close proximity to the Somair and Cominak mines in
the Agadez region of north central Niger in the heart of a historically
prolific uranium-producing district (the "Madaouela Project"). </span></span></div>
<div style="text-align: left;">
<br /></div>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span>
<br />
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Madaouela Project consists of the Company's
ownership interest in seven brownfields exploration permits known as
Madaouela I, II, III, IV, Agal, Era and Anou Mellé.</span></span></div>
<br />
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-57741177825488436902014-06-21T20:33:00.001+10:002014-06-21T20:34:28.548+10:00Nuclear Boom Overwhelms China Watchdog <div style="text-align: center;">Published on Saturday 21st June 2014 (AEST)
<object data="http://www.bloomberg.com/video/embed/dSNLqbvARxS0dbWnxIG3FQ?height=395&width=640" height="430" style="overflow: hidden;" width="640"></object>
</div>
<div style="text-align: center;">
<br />
<div style="text-align: left;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">June 20 (Bloomberg) -- China is moving quickly to become the first
country to operate the world’s most powerful atomic reactor even as
France’s nuclear regulator says communication and cooperation on safety
measures with its Chinese counterparts are lacking. Zeb Eckert reports
on "First Up." (Source: Bloomberg)</span></span></div>
</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-35799914137345919392014-05-15T08:37:00.003+10:002014-05-15T08:40:46.322+10:00Alexander Molyneux Speaks On Record Uranium Demand Expected for 2016<div style="text-align: center;">Published on Thursday May 15 2014 (AEST)
<object data="http://www.bloomberg.com/video/embed/vwqg8FicTCiJY4Ehez64gQ?height=395&width=640" height="430" style="overflow: hidden;" width="640"></object> </div>
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Alexander Molyneux, chairman at Azarga Resources Ltd., talks about the company's agreement to merge with Powertech Uranium Corp. and the outlook for the uranium mining industry.
</span></span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" height="400" width="400" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" height="400" width="400" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-26256857106163794492014-05-13T22:29:00.001+10:002014-05-13T22:29:06.631+10:00Design/Build for Lance In-Situ Uranium Extraction Project<div style="text-align: center;">
Published on Tuesday May 13 2014 (AEST)
<img src="http://www.stratawyo.com/wp-content/uploads/2013/01/WY-Project-Locations-Map-web-ready.jpg" height="280" width="550" /> </div>
<div style="text-align: center;">
<br /></div>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The last year construction began on a nuclear power plant in the <a href="http://www.eia.gov/nuclear/reactors/stats_table3.html" target="blank">United States was 1977</a>, but that is about to change. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The <a href="http://energy.gov/articles/sec-moniz-georgia-energy-department-scheduled-close-loan-guarantees-construct-new-nuclear" target="blank">Department of Energy announced</a> in February that it is backing the construction of two new nuclear power plants, and <a href="http://www.treccorp.com/" target="blank">TREC</a>,
a Woodard & Curran company, is working on a major uranium mining
project to provide the fuel that these and other plants will need. After
four years, the Nuclear Regulatory Commission (NRC) recently gave
initial permitting approval and released the final environmental impact statement for the first phase of the project where TREC will play a leading role.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"><a href="http://www.stratawyo.com/ross-isr-project/lance-isr-projects" target="blank">Strata’s Lance In-Situ Uranium Recovery Projects</a>
in northeastern Wyoming encompass at least 190 combined miles of
uranium mineralization and more than 53 million pounds of triuranium
octoxide compound. TREC is leading the pre-construction activities for
the uranium processing plant under a design/build contract and providing
conceptual designs, detailed engineering design support, procurement,
and construction services.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">“Designing the system is an exciting challenge for our team,” said
Brian Pile, a Regional Operations Manager at TREC. “This project is made
even more significant because it will be such an important source of
fuel for clean, low-carbon energy production in the future. We are
committed to the efficient design of a low-impact system that protects
the local ecology and creates long-term benefits for both Strata Energy
and the local economy.”</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The TREC team completed each component of the facility design,
including mass balance, piping and instrumentation diagrams, and process
layouts, as well as structural and instrumentation and control
engineering. TREC also managed the laboratory, plumbing, HVAC and
architectural design work for the facilities and generated
specifications for the building, construction, equipment, pumps, tanks,
and process, mechanical, structural, and electrical controls. <a href="http://www.woodardcurran.com/" target="blank">Woodard & Curran</a> is assisting TREC with the electrical and instrumentation and controls aspects of the project.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Prior to construction, TREC developed performance specifications that
were provided to vendors for pricing and associated structural, safety,
and ventilation designs, which were then incorporated into the facility
design. This approach significantly reduced design costs and will
expedite the building process.</span></span><br />
<br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span>
<br />
<h3>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Production at the Lance Projects</span></span></h3>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Ross Production Site, the first phase of the Lance Project, is
the area where Strata is currently focusing development and will use
in-situ recovery (ISR) to extract the uranium, rather than an open pit
or underground mine. ISR at the Ross project involves a number of
injection wells that pump a solution of groundwater mixed with oxygen
and sodium bicarbonate (<a href="http://www.nrc.gov/reading-rm/basic-ref/glossary/lixiviant.html" target="blank">lixiviant</a>)
into the sandstone that holds the uranium. The lixiviant oxidizes and
dissolves the uranium, which is then drawn up by recovery wells. The
solution is pumped to a central processing plant, where the uranium is
extracted through an ion-exchange circuit, elution, precipitation
processes, and drying for an initial annual production rate of 1.2
million pounds of “yellowcake” by 2017. The water used to bring the
dissolved uranium to the processing plant is then re-fortified and
returned to the aquifer in the closed loop process.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The entire wellfield is surrounded by a series of perimeter
monitoring wells to guard against the migration of mining solution
outside of the recovery area. ISR requires minimal surface disturbance,
and the affected area—including the groundwater—is restored when the
mining operation is concluded.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Ross site will contribute a significant portion of the total
United States production of uranium. According to the U.S. Energy
Information Administration, <a href="http://www.eia.gov/uranium/production/quarterly/pdf/qupd_tbl1.pdf" target="blank">2013 domestic uranium production totaled roughly 4.8 million pounds</a>.
Strata is targeting 1.2 million pounds of triuranium octoxide produced
at the Ross site per year through the years 2014 – 2017 and later plans
to increase production to 2.3 million pounds per year.</span></span><br />
<br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span>
<br />
<div class="separator" style="clear: both; text-align: left;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://blog.woodardcurran.com/wp-content/uploads/trec_strata_ross_2.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Construction Underway" border="0" class="size-full wp-image-958" src="http://blog.woodardcurran.com/wp-content/uploads/trec_strata_ross_2.jpg" height="255" width="255" /></a></div>
<div style="margin-left: 1em; margin-right: 1em;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The
uranium will be extracted through an ion-exchange circuit, elution,
precipitation processes, and drying for an initial annual production
rate of 1.2 Mlbs of “yellowcake” by 2017.</span></span></div>
<br />
<div class="wp-caption alignright" id="attachment_958" style="text-align: left; width: 265px;">
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<br /></div>
<div class="wp-caption-text">
<br /></div>
</div>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span>
<br />
<h3>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Construction Underway</span></span></h3>
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Ground breaking commenced in October of 2013. <a href="http://www.stratawyo.com/ross-isr-project/ross-project-construction" target="blank">Phase I construction</a>
has been completed to the point feasible during the winter months. TREC
and Strata have begun procuring equipment and the pre-engineered steel
buildings to allow for the rapid continuation of construction in the
spring. Strata anticipates that the NRC will issue the Source Material
License in early April 2014, which will allow the construction of the
processing plant and initial wellfields.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">“The design/build approach streamlines the process for Strata
Energy,” Pile added. “The project benefits by having one contract and
entity for design, construction, cost, and schedule management. It
really is a true turn-key delivery for the owner, which provides them
with the ability to focus on their core business.”</span></span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-91360772008619170402014-05-07T07:56:00.002+10:002014-05-07T07:56:36.134+10:00Fortescues Andrew Forrest pumps $12m into Uranium Junior<div style="text-align: left;">
<div style="text-align: center;">
Published on Wednesday May 7 2014 (AEST)
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> <img src="http://www.energymetals.net/userfiles/image/ozmap.jpg" height="260" width="500" /></span></span></div>
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Andrew Forrest’s investments continue to range far and wide, with the
mining billionaire today investing millions into a uranium junior just
days after he bought a beef exporting company.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Forrest has today pumped $12 million into Energy and
Minerals Australia as part of a broader $36 million funds injection for
the company.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The investment is a reunion of sorts, with EMA run by two men
with prior links to Mr Forrest via his main company Fortescue Metals
Group; Julian Tapp and Mike Young.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><a href="http://images.smh.com.au/2014/03/28/5304771/art-353-forrest-300x0.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Andrew Forrest, chairman of Fortescue Metals Group Ltd., speaks during the company's annual general meeting in Perth, Australia, on Wednesday, Nov. 13, 2013. Fortescue, the most indebted junk-rated mining company, is accelerating repayment of $2.04 billion in bonds to help cut debt and lower interest payments. Photographer: Aaron Bunch/Bloomberg *** Local Caption *** Andrew Forrest" border="0" src="http://images.smh.com.au/2014/03/28/5304771/art-353-forrest-300x0.jpg" height="195" itemprop="image" width="200" /></a><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> </span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Tapp was government relations advisor for Fortescue until
2012, while Mr Young led iron ore exporter BC Iron into a highly
successful joint venture with Fortescue in 2009.</span></span><br />
<br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">EMA is exploring acreage in the goldfields of WA which are prospective for uranium and base metals.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">“My investment is a strong vote of confidence in the
executive management team of Mike Young and Julian Tapp with whom I have
had a long and successful working relationship,’’ said Mr Forrest in a
statement.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Forrest’s investment through his holding company ‘’Forrest
Family Investments’’ will give him a stake of just over 27 per cent in
EMA, and comes on the same day that Macquarie, Acorn Capital and Element
Resources Fund agreed to covert their $24.5 million worth of debt into
shares.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Young said the investment would help unlock EMA’s future growth and potential.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">It’s the second raising that EMA has completed so far in 2014, despite the deathly environment for uranium.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Forrest’s investment comes just days after he bought WA food exporter Harvey Beef for an estimated $30 million.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">But his stake in nickel junior Poseidon is shrinking, after
the billionaire declined to participate in another equity raising by the
nickel minnow.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Poseidon has today completed its second equity raising in the
space of four months, and while the total raised this year – $7.5
million - may be small, it’s a big improvement on last year when the
company couldn't raise money on several attempts.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Poseidon boss David Singleton said improved nickel prices
were bringing investors back to nickel, and the company could have
raised much more over the weekend had it not been prevented by an
internal raising cap.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">‘‘We were very heavily over-subscribed and we probably would
have done more but we have bumped up against our annual raising capacity
that we have permission for from shareholders,’’ he said.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">‘‘It is unfortunate because having had a few bad years where
it was quite hard to raise money, to get to the point where we were so
heavily over-subscribed that we could have raised a lot more but to not
have the capacity to do it is a little bit frustrating.’’</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Nickel prices have improved by more than 25 per cent since
January on the back of an export ban imposed by the world’s biggest
nickel producer, Indonesia.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Singleton confirmed that Mr Forrest had not participated in the equity raising.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Forrest started 2014 with 33 per cent of Poseidon shares, but according to Bloomberg he now holds just over 27 per cent.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">‘‘He will be slightly diluted as a result of today,’’ said Mr Singleton.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Poseidon must pay about $9 million in debts to Mr Forrest by
October 1, and Mr Singleton said the company was considering asking
shareholders for permission to raise more money, or possibly taking on
new debt, to pay back Mr Forrest.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Poseidon is also reviewing quicker and cheaper ways to get its Windarra nickel prospect into production.</span></span><br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The company halted work last year as low nickel prices bit
hard, but the improved climate could see preparatory work on site
recommence soon.</span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">‘‘The key next step for us is to recommence operations on the
ground at Mt Windarra which we bought to a halt in June last year as
the nickel market was going strongly against us. We are able to restart
now and that will start to open up some other options,’’ said Mr
Singleton.</span></span><br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
</div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
</div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
</div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
</div>
</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-42516684971775972012014-04-22T21:44:00.001+10:002014-04-22T21:44:24.624+10:00Paladin Energy Lifts 2014 Q1 Uranium Production<div style="text-align: center;">Published on Tuesday April 22 2014 (AEST)
<img height="180" src="https://s.yimg.com/ea/img/-/140422/426946690-19lbush.jpg?x=656&sig=zfO2OetN.Sz0FdQcTWdogA--" width="500" />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span></div>
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">PALADIN Energy has reaffirmed its full-year production guidance after increasing uranium output in the three months to March. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The miner produced 2.089 million pounds of uranium oxide across its Langer Heinrich and Kayelekera mines in the March quarter, up from 1.992 million pounds in the March 2013 quarter.
Sales were 2.405 million pounds of uranium oxide in the quarter, up from 1.2 million pounds in the previous corresponding period. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">But revenue slipped to $US88.56 million ($94.81m), compared with $US106m in the prior corresponding period, as prices fell. </span></span><br />
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Paladin reported an average sales price of $US36.82 per pound, down from an average price of $US55.22 per pound in the previous corresponding period. </span></span><br />
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-66205419455896478452014-03-30T08:56:00.003+10:002014-03-30T08:56:34.422+10:00Interview with David Sadowski re Uranium<div style="text-align: center;">
Published on Sunday March 30 2014 (AEST)
<img src="http://www.theenergyreport.com/images/EnergyBarChart.jpg" height="220" width="550" /></div>
<br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">David Sadowski is a mining equity research analyst at Raymond James, and has been covering the uranium and junior precious metals spaces for the past seven years. Prior to joining the firm, David worked as a geologist in western Canada with multiple Vancouver-based junior exploration companies, focused on base and precious metals. David holds a Bachelor of Science in Geological Sciences from the University of British Columbia.
The Energy Report: David, the uranium price remains below the cost of production for many producers and the forecasts for uranium production are flat. Why are you optimistic about the uranium space?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>David Sadowski:</b> In the current price environment, supply won't be able to keep up with demand growth. That's really the core to the uranium investment thesis. The cost of uranium production spans a pretty wide range, from the mid- to high-teens per pound for the cheapest in-situ leach mines in Kazakhstan, to $50–60/pound ($50–60/lb) for some of the lower-grade, conventional assets in Africa, Australia and East Asia. So we're looking at about $40 to produce your average pound of uranium. That number is climbing on cost inflation and depletion of the best mines.
The current spot price is under $36/lb, so many operations are underwater right now. That's why we've seen numerous deferrals of projects and even shutdowns of existing mines, the most significant of which was Paladin Energy Ltd.'s (PDN:TSX; PDN:ASX) Kayelekera at the beginning of February. That's on top of operations that are at risk for other reasons. In just the last few months, we've seen four of the world's largest mines owned by Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) and AREVA SA (AREVA:EPA) shut down on operational and political hiccups. Then you look at where the supposed growth is coming from over the next several years— Cameco Corp.'s (CCO:TSX; CCJ:NYSE) Cigar Lake and China's Husab. Those are technically very challenging, too. All of this is occurring in a world no longer benefitting from a steady 24 million pounds per year (24 Mlb/year) supply of uranium from downblended Russian warheads. In short, the supply side is a basket case.
Yet demand growth keeps chugging along. European Union (EU) and North American growth perhaps isn't what it was a couple of decades ago. Pressure from competing energy sources like liquefied natural gas (LNG) in the U.S. is causing some operators to switch off their older, smaller reactors. But reactor retirements are being more than offset by new reactor construction not only in the U.S. and EU, but much more important, in Asia and in Russia. China, India, Korea and Russia are collectively constructing 70 reactors right now.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> Japan and the United Arab Emirates (UAE) just announced a program to cooperate in developing nuclear technology. What's the market significance of that?</span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> <b>DS:</b> There is a push toward nuclear in many of these nations in the Middle East. Not only do they have pretty strong population growth and urbanization, thus electricity growth is strong, but some of those oil-rich nations have cited a preference to sell their petroleum into the international markets rather than domestically. The UAE is a very large potential source of demand growth. It is constructing two nuclear power plants at the moment and is imminently going to break ground on two more. There are an additional 41 new nuclear reactors on the drawing board in the Middle East. So in the context of 434 operable reactors today, that's a very meaningful amount of growth potential.
Demand growth remains resilient, and supply is lagging behind. In just a few years, we think this will lead to a deficit that will quickly grow to crisis levels. That's why we're bullish. Uranium prices have to go higher to incentivize more supply to meet this looming supply gap.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> Why hasn't that happened yet?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> There are just a few forces working against the price. Since the Fukushima accident in Japan, there has been a supply glut in the marketplace. There has been a decrease in demand, with a lower level of buying by some countries, like Germany, Switzerland and, of course, Japan. Additionally, some extra supply was coming out of the U.S. government. There is an extra amount coming from enrichment underfeeding. If you add all that up, there has been essentially more supply than is required, and that puts downward pressure on prices. It's caused the utilities to take a step back from the market.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> So do you think conditions in the market itself will materially improve? What will that look like?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> For us, it comes down to when the utilities start getting involved again. While the utilities have been sitting on the sidelines over the last couple of years, high-fiving each other for not buying uranium in a declining price environment, their uncovered requirements in the future have actually risen quite dramatically. At some point, they have to resume long-term contracting to cover all those needs. Japan is a key catalyst.
Japan's reactors were slowly shut down after the Fukushima accident. Right now, none of them are operating. The country's inventories have piled up to probably around 100 Mlb. Many of these utilities have asked their suppliers to delay deliveries of fresh uranium. That material ends up in the marketplace one way or another, so it's having a price-dampening effect. In late February, however, the Japanese government announced its final-draft energy plan. Japan will restart at least some of its reactors to stop spending a ludicrous amount of money on imported fossil fuels. There are other economic and environmental benefits, but it’s the country's trade balance that is really driving the restart push.
It's these restarts that we think will spur global utilities outside Japan to resume buying. The signal will be sent that Japan won't be dumping its inventories, it won't be deferring deliveries anymore and, by the way, there is not enough supply to go around in just a few years so you better start contracting again. That's what we think is going to support prices.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> That basic energy plan in Japan is a draft, but there is a lot of public opinion against it. You do think its prospects are good?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> Consensus is that the plan is going to be approved by the cabinet by the end of March. The opposition is highly regionalized, and many pockets of the country are actually very pronuclear. Nuclear, obviously, provides a lot of jobs and generates a lot of tax revenue in these regions.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> Raymond James has revised its uranium supply-demand balance and anticipates a growing supply deficit beginning in 2017. What is the case for investing in the industry today with a payoff so far in the future?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> A shortfall beginning in 2017 doesn't mean prices don't move until 2017. In fact, in a healthy market, they should have moved already. But, again, it comes back to the utilities. They view the nuclear fuel market and their own fuel requirements as a game of risk management.
Today, many utilities are sitting on near-record piles of material, so there's not a great deal of risk to the utilities with respect to supply availability over the next couple of years. However, as these groups start to look out beyond that period to 2017, 2018 and so on, they'll realize that it could become more challenging to get the uranium they need. Given that the utilities typically contract three to four years in advance, we're very close to that window where we expect buying to ramp up again and prices to move upward. Again, critically, we expect Japanese restarts to be an important catalyst in that resumption of buying. We expect first restarts in H2/14 with a half-dozen units online by Christmas. So from an investor's point of view, we're already seeing the benefit of this outlook. That's been driving the uranium equities upward over the past couple of months.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> You're forecasting spot uranium prices averaging $42/lb in 2014, but three months into the year, the price is still struggling to break $36. What will drive it over $42? When do you expect that to happen?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> We think the move this year is likely to happen toward the end of this year, as Japanese restarts spark a return of normal buying levels by utilities. The uranium price should really start moving in 2015.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> What indicators should investors look for in watching the uranium price trend?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> One of the best indicators is Uranium Participation Corp. (U:TSX). Since the fund's inception, this stock has been a remarkably accurate predictor of where the uranium spot price is headed. When Uranium Participation's share price is above its net asset value (NAV), the market is baking a higher uranium price into its valuation of the stock because the NAV is calculated at current uranium prices. For even more precision, you can divide the company's enterprise value by its uranium holdings for a rough dollar/pound estimate on what the market is ascribing. So right now, we calculate the fund is implying $40/lb, and that's over $4 above the current spot price. This is by no means a bulletproof measure, but absent a black swan event, history tells us that this could be the destination for the price in the near future.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> You have said you see $70/lb as the price that will incentivize new mining. What should investors do while they're waiting for the price to reach that level?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> Buy uranium equities. It's that simple. We think prices are going higher, so buy uranium stocks well ahead of the upswing.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> Do you have a target time that you expect the price to reach that level?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> We're looking for the price to reach $70/lb in 2016. We forecast prices flat forward at $70 from that year onward.
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>TER:</b> Which mining companies are the best investment prospects in this environment? Which are the weaker ones?
<b> </b></span></span><br />
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><b>DS:</b> They say a rising tide floats all boats. We think all the uranium stocks are probably going higher, or at least the vast majority of them. But we also believe being selective will provide the greatest rewards. Most investors should be looking at names with quality assets, management teams and capital structures.
Among producers, our preferred companies are focused on relatively high-grade projects with solid balance sheets and fixed-price contracts that can buffer them against near-term spot price weakness. After all, we think the spot price could remain weak for most of the balance of 2014.
Cheers from G64
<a href="http://theenergycollective.com/streetwiser/360291/conjuring-profits-uraniums-resurgence-david-sadowski" target="_blank">conjuring-profits-uraniums-resurgence-david-sadowski</a>
.
</span></span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-86662435565504688642014-03-22T15:37:00.002+10:002014-03-22T15:37:47.918+10:00Nuclear Industry Hopes Ukraine crisis to boost business in Europe<div style="text-align: center;">
Published on Saturday March 22 2014 (AEST)
<img src="http://i.dailymail.co.uk/i/pix/2011/05/31/article-1392359-0C57BEC300000578-495_468x379.jpg" height="220" width="550" />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> </span></span></div>
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">By Michel Rose
PARIS, March 21 (Reuters) - Western players in the nuclear industry are hoping the conflict between Ukraine and Russia could help push countries in Eastern Europe that rely on Russian gas to turn to atomic energy. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Tension between Russia and the West over the future of Ukraine is spurring the European Union to renew efforts to end decades of dependence on Russian gas, which accounts for about a third of the bloc's supplies.
The nuclear industry, whose prospects were hit by the Fukushima disaster in Japan in 2011, has been keen to promote its advantages as a domestically produced source of clean energy by comparison with imported gas and polluting coal-fired plants.
"I think it is wise for eastern Europe to be evaluating nuclear, because it forces them to be less dependent on external forces, external politics," Donald Hoffman, president of the American Nuclear Society (ANS), told Reuters on the sidelines of the SFEN nuclear industry conference in Paris. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Delegates from the French nuclear industry are also keen to export reactors to central European countries such as Poland and the Czech Republic.
"It (nuclear power) can bring rethinking in terms of energy independence," said Christophe Behar, director of the French nuclear research centre CEA's nuclear energy division.
Moscow has in the past cut supplies to Ukraine when negotiating prices with Kiev, causing shortages for its customers further west, especially in central Europe, which largely relies on Russian supplies to meet its demand.
"The first Ukrainian alert had played a role in energy policy decisions in Britain, for example," said Philippe Knoche, chief operating officer at French nuclear reactor builder Areva. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> Britain went on to award a 19 billion euro ($26.4 billion) contract last year to build the first new nuclear plant in Europe since Fukushima to a consortium made of EDF, Areva and Chinese state-owned companies CGN and CNNC.
"In eastern European countries, there could also be a certain number of consequences," said Dominique Miniere, generation and engineering head at French utility EDF.
"Gas doesn't have the same place that they wanted to give it six or seven years ago," he said.
Gas-fired power plants across Europe have been sitting idle for months because of low demand and competition from cheap coal, which has made it more difficult to cut carbon emissions.
NO SHORT-TERM BOOST
But other players were more sceptical on the prospects for nuclear energy in Eastern Europe as a response to the Ukrainian crisis. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">"The gas issue is very short-term, I don't see how the nuclear industry could help," said Jean Van Vyve, nuclear assets and projects manager at Belgium's Electrabel, owned by GDF Suez.
These countries' existing heating infrastructure, mainly based on oil and gas and not on electrical devices, reduces the attractiveness of nuclear energy, he added.
Danes Burket, from Czech utility CEZ, did not expect a major boost for nuclear energy either.
"I am not optimistic on that," he said, partly because the EU energy strategy focuses more on supporting renewables than nuclear energy.
"And there is enough shale gas in the U.S. and in case of high prices in Europe, it can be imported. But it depends of course on the U.S. export strategy. </span></span><br />
<br />
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Now they want to use the gas for the U.S.," he added.
</span></span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-9632942863994411712014-03-09T14:45:00.001+10:002014-03-09T14:45:10.340+10:00Black Range Minerals Enters Permitting Stage On Hansen Taylor Uranium Project Colorado<div style="text-align: center;">
Published on Sunday March 09 2014 (AEST)
<img src="http://oi58.tinypic.com/vi0axi.jpg" width="750" />
<img src="http://oi57.tinypic.com/2lvjlty.jpg" width="750" />
</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-15541463044385857142014-03-07T22:45:00.002+10:002014-03-07T22:45:53.891+10:00Nuclear Power in Japan "Start Them Up "<div class="separator" style="clear: both; text-align: center;">
Published on Friday March 07 2014 (AEST<img alt="http://assets.inhabitat.com/wp-content/blogs.dir/1/files/2013/07/nuclear-power-red-537x359.jpg" class="decoded" src="http://assets.inhabitat.com/wp-content/blogs.dir/1/files/2013/07/nuclear-power-red-537x359.jpg" height="200" width="600" /></div>
<h1 class="rubric">
<span style="font-size: large;">The government and voters are putting economics before atoms, opening the way for Japan to restart its nuclear power plants</span></h1>
<br />
<br />
<aside class="floatleft light-grey">
<time class="date-created">
</time></aside><br />
<div class="content-image-float-290">
</div>
<a href="http://cdn.static-economist.com/sites/default/files/imagecache/290-width/images/print-edition/20140308_ASD001_0.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" border="0" src="http://cdn.static-economist.com/sites/default/files/imagecache/290-width/images/print-edition/20140308_ASD001_0.jpg" height="326" title="" width="290" /></a><span style="font-size: large;">JUST three years on from the catastrophic meltdown in March
2011 of three reactors at the Fukushima Dai-ichi plant, Japan is taking
steps to revive its nuclear dream. A rush to restart some of the
country’s 48 mothballed commercial nuclear reactors is well under way.
Hundreds of technicians from utility firms are camped out in downmarket
Tokyo hotels, working at the beck and call of the Nuclear Regulation
Authority (NRA), the country’s new nuclear watchdog, in hopes of meeting
new safety requirements. On February 25th the government published a
draft energy plan which put nuclear power at the core. It is a sharp
reversal of the previous energy strategy, devised by a former government
in 2012, eventually to eliminate nuclear power altogether.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The sense of urgency is driven, first, by the mounting costs
of doing without the nuclear plants. One by one, nearly all reactors
were shut down in 2011-12. Utilities fired up conventional power
stations to make up for lost electricity generation. But the cost of
importing extra oil, coal and gas has been all the steeper with a weak
yen. The trade deficit has climbed, along with electricity charges,
particularly for businesses. Should nuclear plants be left idle, the
programme of Shinzo Abe, the prime minister, to revive the economy could
be in doubt.</span><br />
<br />
<br />
<span style="font-size: large;">Second, the establishment fears
that time is running out. A fourth summer without nuclear power—but also
without any sudden blackout to alarm the public—might permanently shift
opinion against switching the plants back on. Shigeru Ishiba,
secretary-general of the ruling Liberal Democratic Party (LDP), says
that people have noticed the lights are still blazing and the trains
running. So some 15 months after returning to power, the government is
ready to take the political risk of restarts. But it is wary of being
thought ahead of the agency charged with nuclear safety.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">This month the NRA is due to choose which few reactors it
wants to fire up first. The most modern reactors and those farthest from
the Pacific coast and the threat of tsunamis are at the head of the
queue, and may be restarted as early as the summer. A favoured candidate
is the plant at Oi, on the west coast of the country’s main island. Two
of its four reactors were the first to restart once before, in the
summer of 2012, only to close again in September 2013. Public
demonstrations in Tokyo accompanied their return to the grid. At the
time Japan had not reformed its lax regime for regulating nuclear power.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Now the government hopes that the NRA, more independent than
its ridiculed predecessor, will allay the public’s fears. The agency is
replacing Japan’s shattered myth of absolute nuclear safety with the
concept of “defence in depth”, that is, multiple back-up plans against a
series of worst cases. Several reactors, such as those at Hamaoka,
located near Tokyo above the Nankai trough, where two tectonic plates
collide, may never restart. But the regulator, understaffed and still
susceptible to political pressure, faces a daunting task.</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">As for the cosy “nuclear village” of utilities, heavy
industry, bureaucrats and pronuclear media and politicians, it remains
largely intact. TEPCO, the operator of the Fukushima Dai-ichi plant,
still bestrides the electricity industry, though its credibility with
the public is gone. Mr Abe can take comfort from the fact that the
anti-nuclear movement appears spent as a political force, despite the
backing of a hugely popular former prime minister, Junichiro Koizumi. In
the Tokyo governor’s election last month, economic concerns trumped
nuclear ones.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The very first reactor will be the hardest to switch back
on. After that, once the NRA gives the all-clear, local governments
hosting nuclear plants will waste no time. During the shutdown their
economies have been deprived of generous subsidies from nuclear
utilities. The governor of Niigata, which hosts TEPCO’s
Kashiwazaki-Kariwa plant, the world’s largest, is a loud critic of
nuclear power. But last September even he gave permission for the
utility to press ahead with its plan to restart reactors.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The long-run future of nuclear power is more uncertain. The
age of today’s reactors means that new ones must soon be built—a detail
the government’s new energy plan skated over. Along with the Tokyo
election, a governor’s race last month in Yamaguchi, the southern
prefecture from which Mr Abe hails, was closely watched for signs of the
mood about new plants. A battle has raged for decades over one to be
built in Kaminoseki, a small fishing town in the prefecture. The result,
again, was defeat for anti-nuclear candidates. The government has said
it may allow three other reactors already under construction before
March 2011 to be completed. Just a short time ago, that would have been
unthinkable.</span><br />
<span style="font-size: large;">
</span><br />
<div class="ec-article-info">
<span style="font-size: large;">From the print edition: Asia</span> </div>
<br />
<span style="font-size: large;">Nuclear power in Japan
Start ’em up
</span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-59254897572947599602014-02-26T17:15:00.000+10:002014-02-26T17:15:06.082+10:00Uranium Stocks Surge as Japan inches closer to Nuclear Restarts<div style="text-align: center;">
Published on Wednesday February 26 2014 (AEST
<img src="http://wpmedia.business.financialpost.com/2014/02/cameco_uranium_mine.jpg?w=620" height="280" width="500" /> </div>
<br />
<span style="font-size: large;"> Uranium stocks jumped higher on Tuesday after Japan unveiled a
pro-nuclear energy plan that could lead to restarts of some of its
long-idled nuclear reactors.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The restarts are a key catalyst for the uranium sector that investors
have awaited for years. Shares of industry leader Cameco Corp. jumped
8% on the news, Denison Mines Corp. rose 9%, and Paladin Energy Ltd.
climbed 11.5%. Smaller companies such as Ur-Energy Inc. made even bigger
gains (up 18%).</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Shinzo Abe’s government released a draft of its long-awaited Basic
Energy Plan, which makes a commitment to nuclear power as part of
Japan’s energy mix. The plan, which is expected to receive cabinet
approval in weeks, could open the door to restarting some of Japan’s 48
idled reactors as soon as this year. The plan also hints at new
reactors, according to reports.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The reactors were shut down following the Fukushima disaster in March
2011. It was a devastating event for the nuclear power business, and
gutted short-term demand for uranium.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Mr. Abe has pushed a pro-nuclear agenda since becoming prime minister
in late 2012. He implemented new safety standards for the industry,
which created a framework in which reactors could eventually restart.
Currently, 17 reactors are being reviewed for potential restarts.</span><br />
<span style="font-size: large;">“Things are lining up nicely as we go along. It’s just taking longer
than we thought it would [for the restarts],” Cameco chief executive Tim
Gitzel said Tuesday at the BMO Global Metals and Mining Conference in
Florida.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Before the Fukushima accident, nuclear power made up roughly 30% of
Japan’s energy mix. It is unlikely to play such a large role in the
future, but the energy plan provides proof that Japan is committed to
nuclear power and will not attempt to phase it out completely as Germany
is doing.</span><br />
<br />
<span style="font-size: large;">Investors lost interest in the uranium sector immediately after
Fukushima, and the stocks have performed poorly ever since. However,
they have picked up some momentum this year, partly in anticipation of
reactor restarts in Japan.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The uranium producers have acknowledged that there is more than
enough uranium supply to meet demand in the short term. But they believe
the long-term picture remains very positive due to new reactor
construction in China and other countries. There are 70 reactors under
construction worldwide and another 173 being planned, according to the
World Nuclear Association.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">“The long-term story for our industry is a growth story,” Mr. Gitzel said.</span><br />
<br />
3
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-83899189529522331702014-02-08T07:55:00.000+10:002014-02-08T07:55:03.114+10:00Paladin Energy Suspends Uranium Production At Kayelekera<div style="text-align: center;">Published on Friday February 07 2014 (AEST)
<img src="http://www.proactiveinvestors.co.uk/genera/img/companies/original_logos/paladin.gif" height="200" width="500" />
<span style="font-size: large;"> </span></div>
<div style="text-align: center;">
<br /></div>
<span style="font-size: large;"> Australian Uranium Producer Paladin Energy, announced Friday that it is suspending production at its Kayelekera
uranium mine in Malawi, calling the operation a substantial drain on its
cash resources over the last three years. </span><br />
<br />
<span style="font-size: large;">The company told investors that the suspension will involve placing
the operation on care and maintenance status until the price of uranium
recovers. </span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The move is expected to preserve the remaining ore body until this
time, when Paladin decides that production can resume on a profitable
basis. The price of uranium oxide has been depressed ever since March
2011, when the Fukushima earthquake and tsunami hit in Japan. During
this period, the spot uranium price has more than halved from US$72.63
per pound prior to Fukushima, to a current price of US$35.50 per pound. </span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The government of Malawi holds a 15% interest in Paladin's African
subsidiary (PAL), which holds the uranium mine in Malawi. The company
said it will work with government authorities to implement the
suspension, which is also a result of the "unsustainable" cash burden to
maintain the loss-making operation.</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">"The Kayelekera Mine has performed exceptionally well technically,
with production levels recorded at or near nameplate capacity over the
past 12 months and significant achievements made in PAL's cost reduction
programme," said CEO John Borshoff. </span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">"Nevertheless, despite these considerable efforts, KM continues to
operate at a loss due to the low prevailing uranium price. Paladin is
unable to continue to provide the level of financial support that PAL
has required in recent years, hence the decision at this time."</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Indeed, the company said that based on a uranium price of US$35 per
pound, Paladin would have had to inject a further US$20 to $25 million
in cash for each of the next two years to maintain the operation.</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">Paladin is forecasting that putting the mine on care and maintenance
will improve its expected cash flow position by US$7 to US$10 million in
2014 and in the range of US$20 to US$25 million in 2015. </span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The cost of suspension, estimated at US$12 million per year, will be
funded from proceeds to be received from the sale of uranium oxide on
hand and produced during the rundown phase, Paladin said. </span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The company noted that production and cost estimates for its Langer
Heinrich mine in Namibia, which has a significantly lower cost profile
than Kayelekera, will not be affected by the suspension.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">As a result of the decision, the company revised its production
forecast for this year downwards, to 7.8 to 8.0 million pounds of
uranium oxide, from its previous guidance of 8.3 to 8.7 million pounds.</span><br />
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-20018961437908597512014-02-06T08:59:00.000+10:002014-02-06T08:59:15.455+10:00Peninsula Energy Begins Setting the Stage for Diversified Uranium Production<div style="text-align: center;">
Published on Thursday February 06 2014 (AEST)
<img src="http://www.proactiveinvestors.com.au/genera//img/companies/news/lance_map_350_50d3f897d7457.jpg" height="290" width="580" />
<span style="font-size: large;"> <b> </b></span></div>
<span style="font-size: large;"><b>With so many uranium companies at play in the current market,
it can be difficult to know which ones present investors with the best
opportunities. And while investors are strongly encouraged to do their
own due diligence, it’s worth having a peek at which companies have
landed on our reader</b><b>s’ radar. </b></span><br />
<span style="font-size: large;"><b> </b><span style="font-size: small;">By <a href="http://uraniuminvestingnews.com/author/vivien" rel="author" title="Posts by Vivien Diniz">Vivien Diniz</a> - Exclusive to <a href="https://www.blogger.com/uraniuminvestingnews.com/">Uranium Investing News</a></span></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<br />
<span style="font-size: large;">Based on a recent reader request, Uranium Investing News (UIN)
reached out to John (Gus) Simpson, executive chairman of Peninsula
Energy (ASX:<a href="https://www.google.com/finance?q=asx%3Apen&ei=dEjxUpCqDOP7iwKQZQ">PEN</a>),
to learn more about what sets the company apart from other uranium
exploration and development companies vying for investor attention.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Peninsula Energy has set its sights on becoming a diversified uranium
producer. The company plans to accomplish this feat through the
development of its large uranium assets in both Wyoming and South
Africa.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Recently Peninsula Energy was identified as one of the
uranium companies our readers are watching. In your opinion, what is it
about Peninsula that sets it apart from other companies in its class?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>I think two things set us apart. The first is
the scale of our deposits. Most teams in Wyoming are looking at
production levels of around half a million to a million pounds a year,
and we’re looking at 2 to 3 million pounds. We’re licensing our central
processing plant to do that.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The second is that we have two project groups. We’ve obviously got
Wyoming, as I just mentioned, where we’ve currently got 54 million
pounds, but we believe ultimately we’ll have several hundred million
pounds.</span><br />
<span style="font-size: large;">The other project group is a very large South African projects in the
Karoo where we have about 8,000 square kilometers of mineral tenements,
100 million pounds of resources — we believe that there’s probably
close to 300 to 350 million pounds within the tenement holding. The
scale of that project — if and when it gets into production — will be 3
to 4 million pounds a year for production.</span><br />
<span style="font-size: large;">Our projects are big and not something typically you find in a
junior. We’ve been fortunate enough to have enormous exploration success
in Wyoming, and we’ve discovered 50 million pounds for less than a
dollar a pound.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">As for South Africa, post-Fukushima AREVA (EPA:<a href="https://www.google.com/finance?q=areva&ei=NjnpUpjdCKqtiALIzAE">AREVA</a>)
was unloading of a lot of assets around the world due to a combination
of factors, the largest one being the performance of uranium. When they
tried to get rid of them in early 2012, there wasn’t much interest, so
we managed to do a good deal with them.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Peninsula has assets in both the United States and Africa. Can you share a little about how these jurisdictions compare?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Obviously the United States is a much more
regulated environment but a much more stable environment. South Africa,
on the other hand, is one of the world’s great mining economies and
subsequently has enormously good infrastructure and a very large pool of
skilled labor with expertise in the mining field.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Being in these different jurisdictions, you also have a fair
amount of diversification. How important is diversification of assets in
the grand scheme of things?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Diversification is very important. We are trying
to model the requirements of utilities — end users of products. For
them, it’s all about security of supply. Utilities are looking, in my
opinion, for producers that have got geographical and jurisdictional
diversity. Within that diversity they want long life and low cost, which
reside in first-tier jurisdictions. That diversity and those
qualifications, in my opinion, make for very stable relationships.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Peninsula’s main project, Lance, is located in Wyoming. What
is it about the state that makes it attractive for uranium mining?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Wyoming is attractive in that it’s been in continuous uranium production since 1951.The big players are there with Cameco (TSX:<a href="https://www.google.com/finance?q=TSE%3ACCO&ei=OTnpUpieHYjliAKyCw">CCO</a>,NYSE:CCJ) and Uranium One (TSX:<a href="https://www.google.com/finance?q=TSE%3AUUU&ei=sjnpUoCUI6W1iAKMWg">UUU</a>) and Rio Tinto (ASX:<a href="https://www.google.com/finance?q=ASX%3ARIO&ei=wjnpUuHRBIKUiALtEQ">RIO</a>,NYSE:RIO,LSE:RIO)
(but it isn’t actually operating). There have been three new mines that
have come into production in the last eigthteen months, and several
others are in the final stages of permitting and construction. Overall,
it’s a very uranium-friendly environment. There is also a long history
of successful production from ISR, which is what we’re doing there.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Speaking of ISR, Marin Katusa recently said that the success
stories in the current uranium market will come from companies with the
lowest cost of production, namely ISR operations. What are your average
production costs?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Our operation costs are about $11 a pound. Our total all-in costs, excluding capital, are sub-$30.</span><br />
<span style="font-size: large;">The difference for us and why costs are low — or expected to be lower
— compared to other companies, is due of the impact of capital. Because
we have a very large resource, 50 million pounds, we’re amortizing the
capital cost over a longer period and more pounds.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: What are some of the key features investors should know about
the Lance project? What kind of expansion potential does the project
have?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Long mine life, low cost, good grade,
first-class production team, very experienced production team, very
strong shareholder support from groups like Blackrock, Pala and others.</span><br />
<span style="font-size: large;">Our planned production is 2.2 million pounds, ramping up over several
years. Central processing facility is licenced for 3 million pounds,
and our plan is to look for satellite orebodies — of which there are
several — within the Powder River Basin that we can incorporate with a
separate ion exchange operation and truck loaded resin to our central
processing plant. So that being said, we have about a 30 percent
capacity for expansion.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">With South Africa coming on as a second project probably three or
four years behind it, we have the potential there for another three or
four million pounds.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">And I think that that is how we are perceived by the utilities. As a
potential mid-tier producer filling that space that currently is being
vacated by Uranium One as a public company.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Briefly can you tell us a little more about your South African projects?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>They’re the next in line for production. We have
to go through feasibility, engineering, financing, but there’s a lot of
interest in South Africa to provide the funding and uptake for these.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The projects will be mined through conventional open-pit then
underground mining, again with a central processing plant. We have a
very big holding there, it’s an amazing project.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">If you look at our latest presentation, there’s some scale of it.
We’ve got three palio channels where we’ve got mineralization occurring
over 50 miles for each of them. It’s very heavily mineralized and
high-grade material that is near-surface and open-pittable material that
you put a decline in and go into. We’re talking between 1,000 and 1,400
ppm.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Can you help our readers understand a little more about what the nuclear landscape looks like in South Africa?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>South Africa only has about two nuclear power
stations, and they intend to build another six — which I believe the
Russians are lead contenders for.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">There’s a requirement of Eskom if they purchase South African fuel.
That’s a regulatory requirement in South Africa, but that will not
restrict us where we sell it. What’s more important is that South Africa
is very well versed in the mineral recovery and mineral sales and has
all the infrastructure to facilitate the growth of mining, and
specifically uranium. It’s a very good place to be operating.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: So, Peninsula is strategically placed to take advantage of several markets?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>I’d say so.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: What else do you have planned for the future?</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Our intention is to acquire and build a project in Australia and look into the growing Asian market as well.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">One of the biggest assets that we have outside of our projects is our
strong production team in the United States, which has unique skills in
ISR. We’ve also got a very strong global exploration team in South
Africa and Australia.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">These teams and these people are going to turn opportunities into
success. That’s overlain by a strong board and financial expertise
within the group. We think that we are very well positioned to become a
major player in the game as the market improves for uranium and for us
to have a significant increase in value. We believe that we can
ultimately become a multi-billion dollar company and that’s the plan.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>UIN: Well, that wraps up my questions. Thank you for taking the time to speak with me.</b></span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;"><b>JS: </b>Thank you.</span><br />
<br />
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-61281532078045121662014-01-22T07:28:00.000+10:002014-01-22T07:28:25.192+10:00Paladin Energy PT Raised to C$0.70 at TD Securities (PDN)<div style="text-align: center;">
Published on Wednesday January 22 2014 (AEST)
<img src="http://l.yimg.com/fv/xp/wan/20100720/11/2440830312.jpg" height="200" width="570" />
<span style="font-size: large;"> </span></div>
<br />
<span style="font-size: large;">Equities researchers at TD Securities hoisted their price objective on shares of Paladin Energy (TSE:PDN) from C$0.60 to C$0.70 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. TD
Securities’ target price would indicate a potential upside of 16.67%
from the stock’s previous close.</span><br />
<br />
<span style="font-size: large;">Paladin Energy (<a href="http://www.analystratings.net/stocks/TSE/PDN/?RegistrationCode=ArticleClickthrough" target="_blank">TSE:PDN</a>)
traded down 8.33% on Tuesday, hitting $0.55. The stock had a trading
volume of 2,006,448 shares. Paladin Energy has a one year low of $0.375
and a one year high of $1.30. The stock has a 50-day moving average of
$0.45 and a 200-day moving average of $0.54. The company’s market cap is
$529.8 million.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Other equities research analysts have also recently issued reports
about the stock. Analysts at Scotiabank raised their price target on
shares of Paladin Energy from C$0.55 to C$0.60 in a research note to
investors on Friday. They now have a “sector perform” rating on the
stock. </span><br />
<br />
<span style="font-size: large;">Analysts at Raymond James reiterated a “market perform” rating
on shares of Paladin Energy in a research note to investors on
Wednesday, January 15th. They now have a C$0.50 price target on the
stock. One research analyst has rated the stock with a sell rating,
five have assigned a hold rating and two have given a buy rating to the
stock. The company presently has an average rating of “Hold” and a
consensus price target of C$1.07.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Paladin Energy Ltd (<a href="http://www.analystratings.net/stocks/TSE/PDN/?RegistrationCode=ArticleClickthrough" target="_blank">TSE:PDN</a>) is a uranium production company with projects in Australia and two operating mines in Africa.<img src="http://www.americanconsumernews.net/scripts/viewcount.ashx?type=a&id=270275" /></span><br />
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-38427711993827315512014-01-20T15:51:00.000+10:002014-01-20T15:51:04.666+10:00Paladin Energy Sells 25% Stake In Langer Heinrich Uranium Mine<div style="text-align: center;">
Published on Monday January 20 2014 (AEST)
<img src="http://www.scmp.com/sites/default/files/styles/980w/public/2014/01/20/daya_bay_cheungchifai.jpg?itok=xCofBKe0" height="260" width="600" />
</div>
<h1 class="title" id="page-title" style="text-align: center;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: x-large;"><span style="color: #073763;"><span style="font-weight: normal;">China's Top Nuclear firm to buy stake in Australian Company's Uranium Mine in Namibia</span></span></span></span> </h1>
<div class="panel-pane pane-entity-field pane-node-body pos-1">
<div class="pane-content">
<div class="field field-name-body field-type-text-with-summary field-label-hidden clearfix">
<span style="font-size: large;">China
National Nuclear Corporation has agreed to buy a 25 per cent stake in
Australian miner Paladin Energy’s uranium mine in Namibia for US$190
million, locking in supplies as Beijing builds new nuclear plants for
cleaner energy.</span></div>
<div class="field field-name-body field-type-text-with-summary field-label-hidden clearfix">
</div>
<div class="field field-name-body field-type-text-with-summary field-label-hidden clearfix">
<div class="field-items">
<div class="field-item even first last">
<span style="font-size: large;">CNNC is the bigger of two state-owned nuclear power conglomerates,
controlling nine of the country’s 17 reactor units and working on an
ambitious reactor construction programme to help China ease its
dependence on coal-fired power.</span><br />
<br />
<span style="font-size: large;">The firm has agreed to buy a quarter of the production from the
Langer Heinrich mine, which has a capacity of 5.2 million pounds of
uranium concentrate a year, and has the option to buy further supplies
from Paladin at market rates.</span><br />
<br />
<span style="font-size: large;">“I do believe, through the investment in the Langer Heinrich project,
CNNC and Paladin will develop a long-lasting business relationship
which is beneficial to each other and also bring long-term influence to
the global uranium mining industry,” CNNC director general for geology
and mining Du Yunbin said in a statement.</span><br />
<br />
<span style="font-size: large;">This is China’s second foray into uranium in Namibia, following China
Guangdong Nuclear Power’s US$2.3 billion acquisition of the Husab
project, one of the world’s biggest uranium deposits, in 2012.</span><br />
<br />
<span style="font-size: large;">The deal will help stabilise Paladin following three years of pain as
uranium prices have sagged in the wake of Japan’s Fukushima disaster,
which killed Japanese demand for the mineral and led to other countries
halting nuclear expansion plans.</span><br />
<br />
<span style="font-size: large;">“The significant cash injection from this minority interest sale will
largely be applied to debt reduction, which the board considers an
essential step during a time of unprecedented low uranium prices,”
Paladin chief executive John Borshoff said in a statement.</span><br />
<br />
<span style="font-size: large;">CNNC’s acquisition is subject to approvals from Chinese authorities,
including the National Development and Reform Commission, which Paladin
said were expected to be obtained by the middle of the year.</span></div>
</div>
</div>
<span style="font-size: large;">
</span></div>
<span style="font-size: large;">
</span></div>
<br />
<br />
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-47003037324006704632014-01-16T09:34:00.000+10:002014-01-20T10:36:15.646+10:00Paladin Energy Partial Uranium Mine sale expected in Coming Days<div style="text-align: center;">
Published on Thursday January 16 2014 (AEST)<br />
<br />
.<img src="http://resources2.news.com.au/images/2010/07/22/1225895/596870-john-borshoff-paladin.jpg" height="250" width="600" /> </div>
<br />
<span style="font-size: large;">Paladin Energy said talks around the sale of its Langer Heinrich uranium mine were progressing as the price for uranium begins to improve.</span><br />
<br />
<br />
<span style="font-size: large;"><b> LANGER HEINRICH MINORITY INTEREST SALE</b></span><br />
<span style="font-size: large;"><b> </b><br />Strong interest from a variety of parties to sell a minority interest in Langer Heinrich continues. Paladin offers a unique platform in the uranium supply sector generating competition from the nuclear industry for an association both for current production and future growth. </span><br />
<br />
<span style="font-size: large;">Paladin has confidence in an outcome which will alleviate shareholder concerns regarding debt, noting the next tranche of Convertible Bonds is not due until November 2015. </span><br />
<br />
<br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"> The Perth-based miner flagged its intentions to sell its stake in the African mine in August when it announced <a href="http://www.miningaustralia.com.au/news/paladin-energy-to-cut-jobs-and-expenditure">a raft of cost-cutting measures to combat the weakening price of uranium.</a></span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> While it was widely thought a deal would be inked before Christmas, Paladin chief executive John Borshoff said more details would become available in the next few weeks, <a href="http://au.news.yahoo.com/thewest/business/wa/a/20739113/paladin-in-no-rush-for-sale/">The West Australian reported. </a></span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> "Things are progressing and we will see what the next month or so will bring," he said.</span><br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"> The company’s quarterly report is due this week, but yesterday Paladin released an update for its Manyingee deposit, 80km east of Onslow.</span><br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"> The project has been upgraded, with the company reporting it now holds an inferred and indicated resource of 25.9 million pounds at an average grade of 850ppm, making it WA's fifth largest uranium project.</span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> While Borshoff the project was a long-term play for the miner, he said the stubbornly low uranium price meant all new developments had been put on the backburner.</span><br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"> "It's unsustainable at the moment," Borshoff said.</span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> "Everyone has declared a moratorium on new projects. It's all hanging by a thread and at some point this year it has got to turn."</span><br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"><a href="http://www.miningaustralia.com.au/news/paladin-energy-posts-$40-million-loss-in-september">Last year the company made a $US173 million loss in the three months to June.</a></span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> Paladin signalled it would slash corporate and exploration costs by $US10.8 million, a 24 per cent reduction.</span><br />
<span style="font-size: large;"></span><span style="font-size: large;"> While capital expenditure will be cut by $US12.4 million over the next two financial years.</span><br />
<br />
<span style="font-size: large;"></span><span style="font-size: large;"> The miner said production costs have fallen 12 per cent at Langer Heinrich, with further targets aimed at reducing this to 15 per cent.</span><br />
<br />
<span style="font-size: large;"> While cash costs at Kayelekera have dropped by 20 per cent, with the company aiming for a 22 per cent target.</span><br />
<br />
<br />
<b><span style="color: blue;">article edited</span></b><br />
http://australianuraniuminvesting.blogspot.com.au/<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span></div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span></div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a></div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-23149042508102842972014-01-15T08:59:00.002+10:002014-01-15T08:59:56.672+10:00Uranium bull market to gather steam over next 18 months - Scotiabank<div style="text-align: center;">
Published on Wednesday January 15 2014 (AEST)
<a href="http://uraniumstocksaustralia.blogspot.com.au/" target="_blank"><img height="280" src="http://i50.tinypic.com/nnsaj9.jpg" width="540" /></a>
<br />
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<span style="font-size: large;">Scotiabank analysts make noise on the uranium drum, drawing a what-if supply/price picture if Japan restarts reactors</span></div>
<br />
<br />
<b><span style="font-size: large;">Scotiabank analysts are bullish uranium. </span></b><br />
<br />
<span style="font-size: large;">They have been for some time. As <a href="http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=176249&sn=detail" target="_blank">we noted in early 2013</a>, Patricia
Mohr, Scotiabank's vice-president economics and commodity market
specialist, made the case that uranium prices, decimated by the
2011 Fukushima Dai-Ichi nuclear disaster, would rebound mid-decade. It's
not a position that has changed. In her latest commodities report on
December 19, 2013 she labelled uranium a "turnaround story" for the
mid-2010s. Her thesis - as outlined at the AME BC Roundup conference
last year - is heavily contingent on three factors: decreasing sources
of stockpiled uranium, increasing reactor builds in China and restarting
reactors in Japan, still on idle after the Fukushima Dai-Ichi nuclear
disaster in 2011, which decimated uranium prices.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">The first two parameters are better known entities. Stockpiles have
dropped. China is building reactors. But the third is a more fraught
issue. It's an open question if, or (perhaps more realistically) how
many, reactors Japan will restart. It's a contentious subject in Japan
given justifiable fears over nuclear contamination following the
Fukushima disaster.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Still, that some nuclear power plant will come back online, seems quite possible. According to <i>The Japan Times</i> Japan's government led by Prime Minister Shinzo Abe has <a href="http://www.japantimes.co.jp/opinion/2014/01/12/editorials/nuclear-plant-restarts-on-the-table/#.UtQsi_RDvfA">called nuclear power</a>
an "important baseload power source." The high cost of importing fuels
reportedly has power companies pushing hard to clear the way for some
reactor restarts. <i>Bloomberg </i>counts some <a href="http://www.bloomberg.com/news/2013-11-18/japan-won-t-set-dates-for-restarting-50-idled-nuclear-reactors.html">16 applications</a> for permission to do so under stiffer regulations enacted last year.</span><br />
<br />
<br />
<span style="font-size: large;"> <b>And if they do restart?</b></span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">Again over at Scotiabank, analyst Ben Isaacson takes the view that
supply/demand will tighten and prices will rise. In a recent note, he
plotted his view - in some detail - of uranium prices and producer
shareprices assuming Japan restarts 10 reactors in the next 18 months
and more thereafter. Isaacson sees contract uranium prices - down 30
percent from 2011 to around $50 a pound in recent months - climbing to
$59 a pound, on average, this year and rising to $78 a pound by 2017.
Spot prices, likewise, climb to $39 a pound this year and hit $70 pound
in 2017.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">"Without rising demand, the uranium price would likely stabilize at
the current level since we are in a temporary supply-driven market,"
Isaacson noted. "However, our base-case demand outlook sees an
incremental 34 million lb U3O8 needed annually by 2020." That's the
effect of Japan restarts and new Chineses reactors coming online.</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;"></span><br />
<span style="font-size: large;"></span><br />
<span style="font-size: large;"><img height="316" src="http://www.mineweb.com/mineweb/media_stream/mineweb/1/224937/images/uranium%20price%20chart%202008-2013.jpg" width="550" /></span><br />
<span style="font-size: large;">
</span>
<b><span style="font-size: large;"><i>Longterm uranium prices after Cameco monthly averages. Graph: Kip Keen</i></span></b><br />
<span style="font-size: large;">
</span>
<span style="font-size: large;">
</span><span style="font-size: large;">Isaacson makes an interesting point on the uranium investment sector.
"Simply put, there aren't many ways to play the space, which we like to
see." As evidence of that, he notes that excepting Areva, which you
might consider more a nuclear company and less a miner, Canadian
uranium-miner Cameco is the only large-cap uranium play. </span><br />
<br />
<span style="font-size: large;">Thus, in
initiating coverage, Isaacson covers some of the usual suspects. Cameco
gets a $27 a share target; Denison Mines: $1.80; Paladin: $0.55; and
Uranium Participation (a uranium stockpiler): $6.75.</span><br />
<br />
<span style="font-size: large;">
</span><span style="font-size: large;">He concludes: "However investors choose to play this niche commodity,
we believe patience will be rewarded as we forecast a bull market
(beginning) to form over the next 18 months. Accordingly, we think
investors should position for a recovery."</span><br />
<span style="font-size: large;">
</span><span style="font-size: large;">But much, as ever, depends on what Japan decides to do with its idled reactors. Developments there must be watched closely.</span><br />
<br />
777777777777
<br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-56754658629708487192014-01-08T15:25:00.001+10:002014-01-08T15:25:50.848+10:00Fukushima - The Anti Nuclear Scare Campaign Has Been Busted <div style="text-align: center;">
Published on Wednesday January 08 2014 (AEST)<br />
<br />
<br />
<object height="415" width="600"><param name="movie" value="//www.youtube.com/v/XXuhjsI3ZQI?hl=en_US&version=3&rel=0"></param>
<param name="allowFullScreen" value="true"></param>
<param name="allowscriptaccess" value="always"></param>
<embed src="//www.youtube.com/v/XXuhjsI3ZQI?hl=en_US&version=3&rel=0" type="application/x-shockwave-flash" width="600" height="415" allowscriptaccess="always" allowfullscreen="true"></embed></object><br />
<br />
<div style="text-align: left;">
<span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: small;">I certainly do hope that many people view this video, and the World finally realizes the untruths that the Anti Nuclear brigade have circulated over the past 3 years ! </span></span></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<span style="font-family: Georgia,"Times New Roman",serif;"><span style="font-size: small;">Well done JAIF for putting this informative video together.
</span></span></div>
</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-6220910266792888162014-01-04T12:20:00.000+10:002014-01-07T10:37:31.405+10:00Fukushima The True facts about Ocean Radiation and the Fukushima Disaster<div style="text-align: center;">Published on Saturday January 04 2014 (AEST)<br/><br/><img src="http://www.rsc.org/chemistryworld/sites/default/files/upload/fukushima-sign_shutterstock_300.jpg" height="220" width="550"/> </div><br/><span style="font-size: large;">On March 11th, 2011 the Tōhoku earthquake and resulting tsunami wreaked havoc on Japan. It also resulted in the largest nuclear disaster since Chernobyl when the tsunami damaged the Fukushima Daiichi Nuclear Power Plant. Radioactive particles were released into the atmosphere and ocean, contaminating groundwater, soil and seawater which effectively closed <a href="http://www.japantimes.co.jp/news/2013/09/24/national/fukushima-fisheries-to-resume-trial-fishing-after-samples-prove-safe/#.UpaJA5R4awE" target="_blank">local Japanese fisheries</a>.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">Rather unfortunately, it has also led to some wild speculation on the widespread dangers of Fukushima radiation on the internet. Posts with titles like “<a href="http://jeromiewilliams.com/2013/04/12/holy-fukushima-radiation-from-japan-is-already-killing-north-americans/" target="_blank">Holy Fukushima – Radiation From Japan Is Already Killing North Americans</a>” and ”<a href="http://www.activistpost.com/2013/10/28-signs-that-west-coast-is-being.html">28 Signs That The West Coast Is Being Absolutely Fried With Nuclear Radiation From Fukushima</a>” (which Southern Fried Science has already <a href="http://www.southernfriedscience.com/?p=15903">throughly debunked</a> ) keep popping up on my facebook feed from well-meaning friends.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">I’m here to tell you that these posts <b>are just plain garbage</b>. While there are terrible things that happened around the Fukushima Power Plant in Japan;Alaska, Hawaii and the West Coast aren’t in any danger. These posts were meant to scare people (and possibly written by terrified authors). They did just that, but there is a severe lack of facts in these posts. Which is why I am here to give you the facts, and nothing but the facts.</span><br/><span style="font-size: large;"><br/></span><br/><h3><span style="font-size: large;">WHAT WAS RELEASED INTO THE OCEAN AT FUKUSHIMA?</span></h3><span style="font-size: large;">The radioactive rods in the Fukushima power plant are usually cooled by seawater [CORRECTION: they are usually cooled by freshwater. As a last ditch emergency effort at Fukushima seawater was used as a coolant.].</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;">The double whammy of an earthquake and a tsunami pretty much released a s**tstorm of badness: the power went out, meltdown started and eventually the radioactive cooling seawater started leaking (and was also intentionally released) into the ocean. Radioactive isotopes were also released into the air and were absorbed by the ocean when they rained down upon it. These two pathways introduced mostly Iodine-131, Cesium-137, and Cesium-134, but also a sprinkling of Tellurium, Uranium and Strontium to the area surrounding the power plant.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">There aren’t great estimates of how much of each of these isotopes were released into the ocean since TEPCO, the company that owns the power plant <a href="http://america.aljazeera.com/articles/2013/10/12/un-questions-japanestimatesoffukushimaworkerradiationdoses.html" target="_blank">hasn’t exactly been forthcoming with information</a>, but the current estimates are around 538,100 terabecquerels (TBq) which is above <a href="http://en.wikipedia.org/wiki/Three_Mile_Island_accident" target="_blank">Three-Mile Island</a> levels, but below Chernobyl levels. And as it turns out, <a href="http://in.reuters.com/article/2013/08/06/us-japan-fukushima-panel-idINBRE97408V20130806" target="_blank">they recently found contaminated groundwater has also started leaking into the sea</a>. TEPCO, the gift that keeps on giving.</span><br/><span style="font-size: large;"><br/></span><br/><h3><span style="font-size: large;"><b>WHAT’S A BEQUEREL? WHAT’S A SIEVERT?</b></span></h3><span style="font-size: large;">Units of Radiation are confusing. When you start reading the news/literature/blogs, there are what seems like a billion different units to explain radiation. But fear not, I’ve listed them below and what they mean (SI units first).</span><br/><span style="font-size: large;"><br/></span><br/><div style="padding-left: 30px;"><span style="font-size: large;"><i>Becquerel[Bq] or Curie[Ci]:</i> radiation emitted from a radioactive material (1 Ci=3.7 × 10<sup>10</sup> Bq)</span></div><div style="padding-left: 30px;"><span style="font-size: large;"><i>Gray [Gy] or Rad[rad]</i>: radiation absorbed by another material (1Gy=100 rad)</span></div><div style="padding-left: 30px;"><span style="font-size: large;"><i>Sieverts[Sv]* or “roentgen equivalent in man”[rem]</i>: how badly radiation will damage biological tissue (1 Sv=100 rem)</span></div><div style="padding-left: 30px;"><span style="font-size: large;"><br/></span></div><div style="padding-left: 30px;"><span style="font-size: large;"><br/></span></div><div style="padding-left: 30px;"><span style="font-size: large;"><br/></span></div><div style="text-align: center;"><span style="font-size: large;"><img alt="Simpsons Guide to Radiation" class="aligncenter size-large wp-image-23685" src="http://deepseanews.com/wp-content/uploads/2013/11/RadiationGuide1-600x348.jpg" height="348" width="600"/> </span></div><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">You can convert from Grays and Rads to Rem and Sieverts, but you have to know what kind of radiation it is. For example alpha radiation from naturally occurring Polonium-210 is more damaging to biological tissues than gamma radiation from Cesium-137. Even if you absorbed the same number of Grays from Cesium or Polonium, you would still effectively receive more damaging radiation from Polonium because the number of Sieverts is higher for Polonium than Cesium. And kids, Sieverts and <a href="http://byt.wpengine.netdna-cdn.com/wp-content/uploads/2012/03/kirk.jpg" target="_blank">Seavers </a> are both dangerous to your health but please don’t confuse them.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><br/><h3><span style="font-size: large;">WHAT’S CESIUM-137?</span></h3><span style="font-size: large;">Cesium-137 is product of nuclear fission. Before us humans, there was no Cesium-137 on earth. But then we started blowing stuff up with nuclear bombs and VOILA!, there are now detectable, but safe, levels of Cesium-137 in all the world oceans.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><br/><h3><span style="font-size: large;">WHAT DO THE MAPS OF FUKUSHIMA RADIATION IN THE PACIFIC REALLY TELL US?</span></h3><span style="font-size: large;">There are a bunch of maps being thrown around on the internet as evidence that we are all going to die from Fukushima radiation. I’m going to dissect them here. Apologies in advance for dose of snark in this section because some of these claims are just god awful. Spoiler: radiation probably has reached the West Coast but it’s not dangerous.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><br/><h4><span style="font-size: large;">MAP OF TERROR #1: The Rays of Radioactive Death!</span></h4><div class="wp-caption aligncenter" id="attachment_23932" style="width: 445px;"><div style="text-align: center;"><span style="font-size: large;"><a href="http://www.enviroreporter.com/investigations/fukushima/a-radioactive-nightmare/"><img alt="A-Radioactive-Nightmare" class="size-full wp-image-23932" src="http://deepseanews.com/wp-content/uploads/2013/11/A-Radioactive-Nightmare.jpg" height="531" width="435"/></a></span></div><div class="wp-caption-text"><span style="font-size: large;"><br/></span></div><div class="wp-caption-text"><span style="font-size: large;"><br/></span></div><div class="wp-caption-text"><span style="font-size: large;"><br/></span></div><div class="wp-caption-text"><span style="font-size: large;">[<span style="background-color: #f3f3f3;"><a href="http://www.enviroreporter.com/investigations/fukushima/a-radioactive-nightmare/">source: http://www.enviroreporter.com/investigations/fukushima/a-radioactive-nightmare/</a></span>]</span></div></div><span style="font-size: large;">This is not a map of Fukushima Radiation spreading across the Pacific. This is a map of the estimated maximum wave heights of the Japanese Tohuku Tsunami by modelers at NOAA. In fact, tsunamis don’t even transport particles horizontally in the deep ocean. So there is no way a Tsunami could even spread radiation (except maybe locally at scales of several miles as the wave breaks onshore). Dear VC reporter, I regret to inform you this cover image could be the poster child for the importance of journalistic fact-checking for years to come.</span><br/><span style="font-size: large;"><br/></span><br/><h4><span style="font-size: large;">MAP OF TERROR #2: EHRMAGHAD radioactive <a href="http://hyperboleandahalf.blogspot.com/2010/02/spaghatta-nadle.html" target="_blank">SPAGHATTA NADLES</a> attack Hawaii!</span></h4><h4><span style="font-size: large;"> </span></h4><div style="text-align: center;"><span style="font-size: large;"><a href="http://www.asrltd.com/japan/plume.php"><img alt="" class="aligncenter" src="http://www.thelibertybeacon.com/wp-content/uploads/2013/01/fukushima_radiation_map.jpg" height="442" width="668"/></a></span></div><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">I mean I guess this is a bit better. At least this map used an ocean model that actually predicts where radioactive particles will be pushed around by surface ocean currents. But it still gets a BIG FAT FAIL. <a href="http://www.asrltd.com/japan/plume.php" target="_blank">The engineering company that put this image/piece of crap out there </a>couldn’t even be bothered to put a legend on the map.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;">Their disclaimer says “THIS IS NOT A REPRESENTATION OF THE RADIOACTIVE PLUME CONCENTRATION.” Then what do the colors mean?</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><br/><h4><span style="font-size: large;"><b>MAP OF TERROR #3: THE BLOB! </b></span></h4><div style="text-align: center;"><span style="font-size: large;"><a href="http://iopscience.iop.org/1748-9326/7/3/034004/"><img alt="" class="aligncenter" src="http://i2.wp.com/climateviewer.com/wp-content/uploads/2013/10/Fukushima-Pacific-Ocean-Radioactive-Cesium-137-Seawater-Impact-Map1.jpg?resize=620%2C348" height="348" width="620"/></a> </span></div><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">It’s true, oceanographic models have shown that radiation from Fukushima has probably already hit Aleutians and Hawaiian Island chain, and should reach the California Coast by Fall 2014 [Beherns et al. 2012]. The map above is showing the spread of Cesium-137 from the Fukushima reactor would look like right now, I mean radiation is apparently EVERYWHERE! But what is missing from most of the discussion of these maps is what the colors ACTUALLY mean.</span><br/><span style="font-size: large;"><br/></span><span style="font-size: large;"><br/></span><span style="font-size: large;">We shall now seek guidance from the little box in the upper right hand corner of the map called the legend**. The colors show </span><br/><del>how much less radioactive the</del><span style="font-size: large;"> </span><span style="color: #3366ff;">the decrease in the radioactive</span><span style="font-size: large;"> concentrations of Cesium-137 isotopes </span><br/><del>have become</del><span style="font-size: large;">since being emitted from Fukushima. For example, the red areas indicate the Fukushima Cesium-137 is now more than 10,000 times less </span><br/><del>radioactive</del><span style="font-size: large;"> </span><span style="color: #3366ff;">concentrated</span><span style="font-size: large;"> than when released.</span><br/><br/><span style="font-size: large;">The California Coast, more than a million times less. The punchline is that overall </span><span style="color: #3366ff;">concentrations of radioactive isotopes and therefore</span><span style="font-size: large;"> radioactivity in the Pacific will increase from Pre-Fukushima levels, but it will be way less than what was seen in coastal Japan and definitely not enough to be harmful elsewhere (we’ll get to more of that later).</span><br/><br/><span style="font-size: large;">** As Eve Rickert has thoughtfully pointed out, my description of the image is a little confusing. I’ve added corrections in blue to clarify.</span><br/><br/><br/><h3><span style="font-size: large;">HOW MUCH RADIATION WILL REACH THE WEST COAST?</span></h3><span style="font-size: large;">Practically, what does ten thousand or a million times less radiation mean? It means that these models estimate the West Coast and the Aleutians will see radiation levels anywhere from 1-20 Bq/m</span><sup>3</sup><span style="font-size: large;">,while Hawaiian Islands could see up to 30 Bq/m</span><sup>3 </sup><span style="font-size: large;">[Beherns et al. 2012, Nakano et al. 2012, Rossi et al. 2013].</span><br/><br/><br/><span style="font-size: large;">I could write a small novel explaining why the numbers differ between the models. For those that love the details, here’s a laundry list of those differences: the amount of radiation initially injected into the ocean, the length of time it took to inject the radiation (slowly seeping or one big dump), the physics embedded in the model, the background ocean state, the number of 20-count shrimp per square mile (Just kidding!), atmospheric forcing, inter-annual and multi-decadal variability and even whether atmospheric deposition was incorporated into the model.</span><br/><br/><div style="text-align: justify;">Like I said before, the West Coast will probably not see more than 20 Bq/m<sup>3 </sup>of radiation. Compare these values to the map of background radiation of Cesium-137 in the ocean before Fukushima (from 1990). Radiation will increase in the Pacific, but it’s at most 10 times higher than previous levels, not thousands. Although looking at this map I would probably stop eating Baltic Herring fish oil pills and Black Sea Caviar (that radiation is from Chernobyl) before ending the consumption of fish from the Pacific Ocean.</div><div style="text-align: justify;"><br/></div><div style="text-align: justify;"><br/></div><div class="wp-caption aligncenter" style="width: 709px;"><div style="text-align: center;"><a href="http://www.whoi.edu/page.do?pid=83397&tid=3622&cid=94989"><img alt="" src="http://www.whoi.edu/cms/images/OceanRadiationMap2_en_135993.jpg" height="347" width="699"/></a></div><div class="wp-caption-text">[source: http://www.whoi.edu/page.do?pid=83397&tid=3622&cid=94989]</div><div class="wp-caption-text"><br/></div><div class="wp-caption-text"><br/></div></div><h3><span style="font-size: large;">WILL THE RADIATION REACHING THE WEST COAST BE DANGEROUS?</span></h3><span style="font-size: large;">No it will not be dangerous. Even within 300 km of Fukushima, the additional radiation that was introduced by the Cesium-137 fallout is still well below the background radiation levels from naturally occurring radioisotopes. By the time those radioactive atoms make their way to the West Coast it will be even more diluted and therefore not dangerous at all.</span><br/><br/><br/><span style="font-size: large;">It’s not even dangerous to swim off the coast of Fukushima. Buessler et al. figured out how much radiation damage you would get if you doggie paddled about Fukushima (Yes, science has given us radioactive models of human swimmers). It was less than 0.03% of the daily radiation an average Japanese resident receives. Tiny! Hell, the radiation was so small even immediately after the accident scientists did not wear any special equipment to handle the seawater samples (but they did wear detectors just in case). If you want danger, you’re better off licking the dial on an </span><a href="http://en.wikipedia.org/wiki/Radium_dials" target="_blank">old-school glow in the dark watch</a><span style="font-size: large;">.</span><br/><br/><br/><h3><span style="font-size: large;">CAN I EAT FISH FROM THE PACIFIC?</span></h3><span style="font-size: large;">For the most part the answer is YES. Some fisheries in Japan are still closed because of radioactive contamination. Bottom fish are especially prone to contamination because the fallout collects on the seafloor where they live. Contaminated fish shouldn’t be making it to your grocery store, but I can’t guarantee that so if you are worried just eat fish from somewhere other than Japan.</span><br/><br/><br/><span style="font-size: large;">Fish from the rest of the Pacific are safe. To say it mildly, most fish are kinda lazy. They really don’t travel that far so when you catch a Mahi Mahi off the coast of Hawaii its only going to be as contaminated as the water there, which isn’t very much.Hyperactive fish, such as tuna may be more radioactive than local lazy fish because they migrate so far. </span><a href="http://deepseanews.com/2012/06/detectable-but-not-hazardous-radioactive-marine-life-of-fukushima/" target="_blank" title="Detectable but not hazardous: radioactive marine life of Fukushima">As Miriam pointed out in this post</a><span style="font-size: large;">, there is a detectable increase of radiation in tuna because they were at one point closer to Fukushima, but the levels are not hazardous.</span><br/><br/><br/><span style="font-size: large;">To alleviate fears that you may be glowing due to ingestion too many visits to your local sushi joint, Fischer et al. figured out exactly how much damaging radiation you would receive from eating a tower of tuna rolls. Seriously. Science is just that awesome. Supermarket tuna hunters would receive 0.9 μSv of radiation, while the outdoors subsistence tuna hunter would receive 4.7 μSv. These values are about the same or a little less than the amount a person receives from natural sources.</span><br/><br/><br/><span style="font-size: large;">To put 0.9 μSv of radiation in perspective check out </span><a href="http://xkcd.com/radiation/" target="_blank">this awesome graph of radiation by xkcd</a><span style="font-size: large;">. You’ll get the same amount of radiation by eating 9 bananas. Monkeys might be doomed, but you are not.</span><br/><br/><br/><br/><h3><span style="font-size: large;">I EAT PACIFIC FISH AND SO CAN YOU!</span></h3><span style="font-size: large;">I hope this list of facts has answered most of your questions and convinced you the Pacific and its inhabitants will not be fried by radiation from Fukushima. I certainly feel safe eating sustainable seafood from the Pacific and so should you. If you are still unsure, please feel free to ask questions in the comments section below.</span><br/><br/><br/><h2><span style="font-size: large;">UPDATE #1: CONTRIBUTIONS FROM GROUNDWATER LEAKS</span></h2><span style="font-size: large;">There’s been a lot of discussion in the comments about the contribution from the groundwater leaks. I did some homework and here’s what I came up with. (Also thanks to everyone for the interesting discussions in the comments!)</span><br/><br/><br/><span style="font-size: large;">The ground water leaks are in fact problematic, but what has been released into the ocean is MUCH less than the initial release (although I admit the groundwater itself has extremely high radiation levels). The estimates from Jota Kanda are that 0.3 TBq per month (10</span><sup>12</sup><span style="font-size: large;"> Bq) of contaminated groundwater is leaking into the ocean, which has added another 9.6 TBq of radiation into the sea at most. The initial releases were about 16.2 PBq (10</span><sup>15</sup><span style="font-size: large;"> Bq), about 1500 times more radiation. With this in mind, the additional radioactivity leak from ground water isn’t a relatively large addition to the ocean.</span><br/><br/><br/><span style="font-size: large;">The models by Behrens and Rossi used initial source functions of 10 PBq and 22 PBq, which is on par with the most recent estimates. Since their models used a much higher source function, that says to me that this relatively smaller input from groundwater still won’t raise the radioactivity to dangerous levels on the West Coast, Alaska and Hawaii. Recent observations around Hawaii by Kamenik et al. also suggest that the models may have even overestimated the amount of radiation that hit Hawaii, which is good news.</span><br/><br/><br/><span style="font-size: large;">But there are caveats to this information as well. The leaking groundwater contains strontium and tritium which are more problematic than Cesium-137. But it sounds like strontium accumulates in bones and is only problem if you eat small fish with the bones in, like sardines (and it will only affect sardines caught near Japan since they don’t travel far). I suspect there might be some precedent for understanding the dangers of tritium in seawater from the 20th century nuclear testing in atolls, but I really don’t know. There is also 95 TBq of radioactive cesium is in the sediment around Fukushima, which is still super problematic for bottom dwelling fish and therefore local Japanese Fisheries. Lastly, another source is terrestrial runoff. These numbers haven’t been quantified but they are probably minor because they contain a fraction of the total deposition from atmospheric fallout, which itself was a fraction of what was released into the ocean.</span><br/><br/><br/><span style="font-size: large;">So even with the new groundwater leaks, the available evidence still tells me I can eat fish from the West Coast, Hawaii, and Alaska.</span><br/><br/><a href="http://www.nature.com/news/ocean-still-suffering-from-fukushima-fallout-1.11823">http://www.nature.com/news/ocean-still-suffering-from-fukushima-fallout-1.11823</a><br/><a href="http://www.biogeosciences.net/10/6045/2013/bg-10-6045-2013.pdf">http://www.biogeosciences.net/10/6045/2013/bg-10-6045-2013.pdf</a><br/><a href="http://newswatch.nationalgeographic.com/2013/09/11/fukushima-fallout-not-affecting-u-s-caught-fish/">http://newswatch.nationalgeographic.com/2013/09/11/fukushima-fallout-not-affecting-u-s-caught-fish/</a><br/><br/><span style="font-size: large;">[DISCLAIMER: The creators of the NOAA tsunami map work in my building. I secretly fangirl squeal when I walk past their offices. I recently had coffee with Joke F. Lübbecke, who also works in my building. It was caffeinated.]</span><br/><br/><span style="font-size: large;">*Confusingly, oceanographers also co-opted the acronym Sv for Sverdrups their unit for volume transport. 1 Sverdrup=1 Sv=one million </span><a href="http://en.wikipedia.org/wiki/Cubic_metre" title="Cubic metre">cubic metres</a><span style="font-size: large;"> per second=400 Olympic swimming pools just passed your house in one second.</span><br/><br/><br/><h3><span style="font-size: large;">SOURCES:</span></h3><span style="font-size: large;">Behrens, Erik, et al. “</span><a href="http://iopscience.iop.org/1748-9326/7/3/034004" target="_blank">Model simulations on the long-term dispersal of 137Cs released into the Pacific Ocean off Fukushima</a><span style="font-size: large;">.” </span><i>Environmental Research Letters</i><span style="font-size: large;"> 7.3 (2012): 034004.</span><br/><br/><span style="font-size: large;">Buesseler, Ken O., et al. “</span><a href="http://www.pnas.org/content/early/2012/03/26/1120794109.full.pdf+html" target="_blank">Fukushima-derived radionuclides in the ocean and biota off Japan</a><span style="font-size: large;">.” </span><i>Proceedings of the National Academy of Sciences</i><span style="font-size: large;"> 109.16 (2012): 5984-5988.</span><br/><br/><span style="font-size: large;">Fisher, Nicholas S., et al. “</span><a href="http://www.pnas.org/content/110/26/10670.full.pdf+html" target="_blank">Evaluation of radiation doses and associated risk from the Fukushima nuclear accident to marine biota and human consumers of seafood</a><span style="font-size: large;">.” </span><i>Proceedings of the National Academy of Sciences</i><span style="font-size: large;"> (2013).</span><br/><br/><span style="font-size: large;">Nakano, Masanao, and Pavel P. Povinec. “</span><a href="http://www.sciencedirect.com/science/article/pii/S0265931X11002967" target="_blank">Long-term simulations of the 137 Cs dispersion from the Fukushima accident in the world ocean.</a><span style="font-size: large;">“ </span><i>Journal of environmental radioactivity</i><span style="font-size: large;"> 111 (2012): 109-115.</span><br/><br/><span style="font-size: large;">Rossi, Vincent, et al. “</span><a href="http://www.sciencedirect.com/science/article/pii/S096706371300112X" target="_blank">Multi-decadal projections of surface and interior pathways of the Fukushima Cesium-137 radioactive plume</a><a href="http://deepseanews.com/2013/11/true-facts-about-ocean-radiation-and-the-fukushima-disaster/Rossi,%20Vincent,%20et%20al.%20%22Multi-decadal%20projections%20of%20surface%20and%20interior%20pathways%20of%20the%20Fukushima%20Cesium-137%20radioactive%20plume.%22%20Deep%20Sea%20Research%20Part%20I:%20Oceanographic%20Research%20Papers%20%282013%29." target="_blank">.</a><span style="font-size: large;">“ </span><i>Deep Sea Research Part I: Oceanographic Research Papers</i><span style="font-size: large;"> (2013).</span><br/><br/><br/><span style="background-color: #f3f3f3;"><span style="color: #f3f3f3;"><a href="http://deepseanews.com/2013/11/true-facts-about-ocean-radiation-and-the-fukushima-disaster/" target="_blank">http://deepseanews.com/2013/11/true-facts-about-ocean-radiation-and-the-fukushima-disaster/</a></span></span><br/><br/><div style="text-align: center;"><br/></div><div style="text-align: center;"><br/></div><div style="text-align: center;">.</div><div style="color: #990000;text-align: center;"><span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div><div style="text-align: center;"><a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500"/></a></div><div style="text-align: center;"><br/></div><div style="text-align: center;"><br/></div><div style="text-align: center;"><br/></div><div style="text-align: center;"><br/></div><div style="text-align: center;">.</div><div style="text-align: center;"><div style="color: #996633;font-weight: bold;text-align: center;"><span style="font-size: 100%;">VISIT MY OTHER SITE </span></div><div style="text-align: center;"><span style="color: #999900;font-size: 100%;">@</span></div><div style="text-align: center;"><span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900;font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span></div><div style="text-align: center;"><a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500"/></a></div></div>tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-63624100038698953762013-12-31T08:40:00.000+10:002013-12-31T08:40:12.124+10:00Ur-Energy makes $5.7M Uranium Sale<div style="text-align: center;">
Published on Tuesday December 31 2013 (AEST)
<img height="250" src="http://www.wyomingbusinessreport.com/storyimage/WB/20131227/NEWS/131229988/AR/0/AR-131229988.jpg&maxw=550&maxh=270" width="570" />
<span style="font-size: large;"> </span><br />
<span style="font-size: large;"><b><span style="font-size: small;">New production in-situ wells in progress at Ur-Energy's Lost Creek facility in central Wyoming. Mark Wilcox photo.</span></b></span><br />
<br />
<span style="font-size: large;"><b>Interesting to note that </b></span><br />
<span style="font-size: large;"><b> </b>Yellowcake
sales sold for<span style="color: #0b5394;"> $62.92 per pound</span>, far above </span><br />
<span style="font-size: large;">current spot prices</span><br />
<span style="font-size: large;"><b><span style="font-size: small;"> </span></b> </span></div>
<span style="font-size: large;">CASPER – The newest producing in-situ uranium mine has completed its
first major sale, infusing the market with 90,000 pounds of yellowcake,
or U3O8.<br /><br />The sale produced gross revenues for the company of $5.7
million, putting a dent in the approximately $100 million in capital
invested into the Lost Creek facility near Jeffrey City. The yellowcake
sold for $62.92 per pound, far above current spot prices, which have
hovered in the mid-30s for most of the year.<br /><br />CEO Wayne Heili told
the Business Report recently that the company had negotiated long-term
contracts, even after the March 2011 Fukushima disaster that devastated
uranium spot prices, to get the most for their product. The pricing is
based on multi-year supply agreements between Ur-Energy and the two U.S.
based utility companies that purchased the poundage, who Heili said
must remain contractually anonymous.<br /><br />However, he said uranium
actually has very few buyers, meaning sales of uranium are few and far
between and don't fluctuate as wildly as spot prices suggest. He said
the spot prices are set by a third party that basically approaches
uranium producers and asks what they'd be willing to sell their product
for before approaching buyers to ask what they'd be willing to pay for
the product. The spot price, he said, is basically an average of the two
answers. <br /><br />"Recording our first revenue as a company is indeed a
milestone event," Heili said in a statement. "Ur-Energy has achieved
tremendous growth in the past year."<br /><br />The company recently acquired two abandoned mines from Pathfinder Mining Corp. – <a href="http://wyomingbusinessreport.com/article/20131226/NEWS/131229992" target="_self" title="Ur-Energy wraps purchase of 2 Wyo. mines"><b>a $6.6 million deal.</b></a></span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0tag:blogger.com,1999:blog-5211649607104811599.post-26097306004483605242013-12-08T08:10:00.002+10:002013-12-08T08:10:47.828+10:00Rio Tinto Uranium Mine Spills Radioactive Acid in National Park<div style="text-align: center;">
Published on Sunday December 08 2013 (AEST)
<img height="250" src="http://www.seek.com.au/AdvHomes/eraranger/9294176_p_image.jpg" width="600" />
<span style="font-size: large;"> </span></div>
<br />
<span style="font-size: large;">Rio Tinto Group (RIO)’s Energy Resources
Australia (ERA) said a tank at its Rangers uranium mine in Kakadu
National Park split, spilling a mixture of acid, ore, mud and
water.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">The 1,450-cubic-meter leaching tank developed a hole, which
caused it to split and release slurry today, the company said in
an e-mailed statement. Processing at the facility will be
suspended while a clean up takes place, it said.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Operations at the mine must be suspended indefinitely and
the company should conduct a full audit of the operations at the
plant, the Australian Greens party said in an e-mail that
described the spill as radioactive. ERA doesn’t dispute that the
slurry is radioactive, company spokesman Dan Hall said by phone
today. </span><br />
<span style="font-size: large;">“Containment systems stopped the flow, and this has meant
there is no impact to the surrounding environment,” Tim
Eckersley, general manager of operations at ERA, said in the
company statement. “ERA is focusing on clean up and recovery.”</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">World heritage-listed Kakadu National Park, located in Australia's Northern Territory, is the nation’s largest national
park, and more than half of it is Aboriginal land. </span><br />
<span style="font-size: large;">The Gundjeihmi Aboriginal Corporation, which represents the
traditional owners of the land, called for an independent
investigation of the spill.</span><br />
<span style="font-size: large;"><br /></span>
<span style="font-size: large;">Justin O’Brien, chief executive officer of GAC, said
photographs and descriptions from eye witnesses showed the tank
burst with such force that it bent and twisted nearby
infrastructure and coated equipment in the slurry. </span><br />
<br />
<span style="font-size: large;">“What could be safely described as one of Australia’s
biggest nuclear accidents has occurred,” O’Brien said. “No one
has demonstrated to us that there hasn’t been contamination.” </span><br />
<span style="font-size: large;">Rio Tinto owns 68.4 percent of Energy Resources. </span><br />
<span style="font-size: large;">.
</span><br />
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com1tag:blogger.com,1999:blog-5211649607104811599.post-87985334899469246652013-12-02T11:30:00.003+10:002013-12-02T11:32:48.779+10:00The Uranium Bull Market Rick Rule's Strategies for Making Money<div style="text-align: center;">
Published on Monday December 02 2013 (AEST)<br />
<br />
<object height="415" width="660"><param name="movie" value="//www.youtube.com/v/IkWqCAWjuAU?version=3&hl=en_US&rel=0"></param>
<param name="allowFullScreen" value="true"></param>
<param name="allowscriptaccess" value="always"></param>
<embed src="//www.youtube.com/v/IkWqCAWjuAU?version=3&hl=en_US&rel=0" type="application/x-shockwave-flash" width="640" height="415" allowscriptaccess="always" allowfullscreen="true"></embed></object>
.
</div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="color: #990000; text-align: center;">
<span style="font-size: large;"><b>Click Image To Access Uranium Stocks Australia</b></span></div>
<div style="text-align: center;">
<a href="http://uraniumstocksaustralia.blogspot.com/" target="_blank"><img src="http://i50.tinypic.com/nnsaj9.jpg" width="500" /></a></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<br /></div>
<div style="text-align: center;">
.
</div>
<div style="text-align: center;">
<div style="color: #996633; font-weight: bold; text-align: center;">
<span style="font-size: 100%;">VISIT MY OTHER SITE </span></div>
<div style="text-align: center;">
<span style="color: #999900; font-size: 100%;">@</span> </div>
<div style="text-align: center;">
<span style="font-size: 180%;"><span style="font-size: 100%;"><a href="http://australianuraniumquicksearch.blogspot.com.au/" style="color: #999900; font-family: trebuchet ms;" target="_blank">Australian-World Uranium-News Updates</a></span></span> </div>
<div style="text-align: center;">
<a href="http://australianuraniumquicksearch.blogspot.com/" target="_blank"><img src="http://oi51.tinypic.com/2wqej5s.jpg" width="500" /></a> </div>
</div>
tturaniuminvesthttp://www.blogger.com/profile/03627100339491304884noreply@blogger.com0