Australia's uranium supply to India will be require based once the approvals for the yellow cake exports to New Delhi are finalized, Energy Minister Martin Ferguson has said.
"It (uranium supply) will be require based. The supply once accepted for exports will be of a commercial nature between the Australian uranium and mining industry and potential customers in India," Ferguson told PTI.
Asked when the uranium exports will begin, Ferguson said We don't put a timeframe. This is about a negotiation of a manufactured goods between Australia and India.The issue is to get it right to supply negotiations and to make sure that we take the individual community with it in terms of their confidence concerning the fact that the uranium will be used safely.
India commissioned a uranium ore mine and processing plant in the state on Friday which is estimated to have one of the mainly important uranium reserves in the world and could fuel 25 percent of the country's nuclear plants.
Atomic Energy Commission Chairman Srikumar Banerjee commissioned the Rs. 1,106 crore plant developed by the Uranium Corporation of India Limited (UCIL) at Thummalapalle in YSR Kadapa district, which is expected to have world's largest uranium reserves.
Speaking on the occasion, Mr Banerjee told reporters that India now has the potential to develop its own uranium ore mines as an alternative of depending on imports. The newly-commissioned plant has a capability of mining and processing 3000 tonnes of uranium a day.
Inside highly unusual move for a Japanese politician, Prime Minister Yoshihiko Noda went on national small screen on Friday and told his fellow citizens that Japan could not uphold its financial system or its current standard of livelihood without restarting some of the nuclear reactors shuttered since the Fukushima disaster.“Mr. Noda said he would order the restart of two reactors at the Ohi nuclear plant in western Japan once he gets the final approval from the local Fukui prefectural government, which is expected to make a decision as early as next week,” Martin Fackler reports.
“Contemptible and dependable electricity are necessary for supporting prosperous and decent livelihoods,” Mr. Noda said. “Japanese society cannot function if we stop or try to do without nuclear power generation, which has supplied 30 percent of our electricity.”
Such personal appeals are unusual in Japan’s often colorless political world and Mr. Noda’s was seen here as recognition of how the restart issue has polarized his nation. While many Japanese are now deeply suspicious of their government’s ability to oversee the politically powerful nuclear industry, others worry that power shortages could cost jobs and accelerate the nation’s industrial decline.The nationwide traumas of Fukushima, and its lasting effects, go a long way to explaining the need for Mr. Noda’s strange intervention. Former Prime Minister Naoto Kan, premier during the Fukushima accident, testified last month that Japan could do without nuclear power.
However, global energy experts have been saying — in some cases, since the global call for a pullback from nuclear power post-Fukushima — that such calls were simply unrealistic.In the IHT’s Energy Special Report last fall, Stephanie Cooke, editor of Energy Intelligence Group’s Nuclear Intelligence Weekly, detailed how the nuclear drawback was likely to be more talk than real change.
The world has no choice, given its growing energy needs, but to use nuclear power to meet some of that demand. “Forecasts from multiple sources, including the United Nations, nuclear industry executives, the U.S. Energy Information Administration and the International Energy Agency all point to a rise of at least 75 percent in nuclear power development by 2030,” wrote Andrés Cala in an IHT Green Energy Special Report last year.
In exacting, Angela Merkel’s call that Germany stop all use of nuclear power has been pointed out as unworkable. And that censure has intensified recently. Who will be the next world leader to reverse the clarion call for a nuclear-free energy mix?
According to Alexandra Navrotsky, a professor at the University of California, Davis, Japan’s choice to use seawater at the stricken Fukushima-Daiichi nuclear plant was probably the best action to take at the time.But Navrotsky and others have since discovered a new way in which seawater can corrode nuclear fuel, forming uranium compounds that could potentially travel long distances, either in solution or as very small particles.
Uranium in nuclear fuel rods is in a chemical form that is pretty insoluble in water, unless the uranium is oxidized to uranium VI a process that can be facilitated when radiation converts water into peroxide, a powerful oxidizing agent.
Peter Burns, professor of civil engineering and geological sciences at the University of Notre Dame and a co-author of the paper, had previously made spherical uranium peroxide clusters, rather like carbon “buckyballs,” that can dissolve or exist as solids.There is no data yet on how fast these uranium peroxide clusters will break down in the environment.
Public Fears of Nuclear Power in the Uranium Mining Industry, in March's Issue of Energy Digital
Labels: fossil fuels, nuclear industry, nuclear power, nuclear reactor, Uranium Energy Corporation's CEO, uranium market
Energy Digital takes a second look at the uranium market and the significance of nuclear energy. Despite what various may think about nuclear power in light of Fukushima's nuclear reactor meltdown incident earlier this year it residue an integral part of the world's power supply. Compared to burning additional fossil fuels, it's also the better option.
"It's the only form of power generation in the world that is low cost, large-scale, dependable and emissions-free," says Uranium Energy Corporation's CEO Admir Adnani in an interview with Energy Digital. "There's just no credible option to that."
Comparing the injure caused from nuclear reactor failures, fossil fuels continue to dump ridiculous amounts of CO2 into the atmosphere on a daily basis. The nuclear industry has taken unbelievable effort to adjust those safety issues, but the difficulty now is supplying uranium to keep it running.
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Canada's No.2 uranium producer's profit was $4.5 million, in the quarter ended March 31. That compared with $14 million or 1 cent a share, in the year previous period. Adjusted to eliminate one-time items, profit was $15.1 million, or 2 cents a share, compared with $15 million, or 2 cents a share, in the first quarter of 2011.
Revenue fell 6 percent to $95.9 million as the average realized cost per pound of uranium dropped to $53 from $61. The company's regular cash cost per pound sold in the quarter was steady at $14.The spot price for uranium fell in March of last year following the Fukushima nuclear disaster led to reactor shutdowns in Japan and Germany. Despite the near term uncertainty, longer term insist remains strong as China, India, Russia and South Korea progress ahead with plans to ramp up atomic output.
Uranium One's sales volumes in the quarter rose 8 percent to 1.8 million pounds, even as production was 18 percent higher at 2.8 million pounds. The company expects to make 11.6 million pounds of uranium this year and 12.5 million pounds in 2013
Toro Energy has rejected claims it did not consult generally enough about its designed uranium mine in WA, but concedes it has sponsored a scientist who argues low level radiation is valuable to health.
The state's Environmental Protection Authority last week backed Toro's proposal to extend WA's initialuranium mine, the Wiluna project.All that remains for the mine to go ahead is a optimistic decision to proceed by the company's board, and maintain by state Environment Minister Bill Marmion and his federal counterpart Tony Burke.
On Monday, Wiluna local and indigenous elder Glen Cooke said he was dangerous of the community consultation procedure undertaken by Toro and now required consultation from the environment ministers.Mr Cooke said he was supported by other locals.