Eromanga Uranium: TOP Urangebiete in Australien! - 500 Beiträge pro Seite

[Panem]

- Erst seit einiger Zeit an den ASX
- HÖCHST interessante Projekte
- Frühes Explorationsstadium
- Nähe Olympic D.
- Starkes Interesse in Australien seit wenigen Tagen
- Extrem niedrige Bewertung

-------------------------
Meinung aus einem Australischen Forum:

Re: ERO - Eromanga Uranium

Yep, I remember TRO. After it jumped for 2 or 3 days I was thinking "it can't just keep going verticle, it can't." Well, it did stop eventually, so I was right. Not sure how to compare the 2 Nizar. Different projects etc. Chart wise, I'm just not sure, too early to tell. This Marree Project sounds very very prospective. Could they be beating it up a bit? 100km long palaeochannel. Would like to see a radiometrics of it.

Typical junior explorer report though. They managed to get Beverley, OD, rollfront, just about all in the one sentance. LOL.

If this is a legit pennant then target could be........49 cents!

(for those wondering - a probably t/a projected sp from a pole and pennant like this, is the distance of the pole. It's about 21 cents. So, a break from 28 cents should have the sp hitting 49 cents on break)

Seems a bit out there in reality though.

Good luck! I might have a look myself.

(nice website)

http://www.eromangauranium.com/

[infight]

interessant.

[Panem]

Finde ich auch!

[Nebhotep]

Antwort auf Beitrag Nr.: 28.352.127 von Panem am 18.03.07 14:40:32

Besten Dank für den Thread, Panem.
Ich werde Eromanga Uranium
künftig fest im Visier haben.

[Panem]

So sei es!

Vergiss Aldershot und Scimitar nicht!

[chini]

Eromanga discovers large channel system in SA

Kevin Lines


The first use in Australia of a new uranium exploration approach has unearthed a previously unknown and unexplored palaeochannel system stretching more than 100km in length in the far north of South Australia.

The discovery – by newly listed Eromanga Uranium Ltd – will be drill tested as early as mid year in an area between the township of Marree and the operating Beverley uranium mine.

Eromanga is earning a 70% interest in the “Marree Project” under a joint venture with Maximus Resources Ltd.

Eromanga also announced that on the back of what it termed “an outstandingly successful” outcome from its first exploration foray on the Marree Project – it would now employ the same uranium search approach later in 2007 on its three other South Australian and Northern Territory project areas.

The early success for Eromanga came after the company flew a 4,000 line kilometre electromagnetic (EM) survey across the Marree Project using an advanced aerial survey system designed to better identify ancient buried river systems (palaeodrainages) in which sandstone hosted uranium deposits can develop.

The new “REPTEM” system used by Eromanga has more stable flight and therefore improved data quality compared to the internationally respected HoistEM system historically employed extensively throughout Australia for EM programs.

“The computer processing and imaging of the huge volumes of data acquired during the survey has now been completed and the results have delighted the company,” Eromanga’s Managing Director, Kevin Lines, said.

“The survey has defined a previously unknown palaeodrainage system, the “Marree Palaeodrainage” wholly centred and contained in our tenements at Marree and draining to the west and northwest,” Mr Lines said.

“However, unlike the modern drainage, the Marree Palaeodrainage is constrained to the west by a major basement fault we believe could generate an excellent site for later development of rollfront style uranium mineralisation.

“Channel development within the deeper portions of the Marree Palaeodrainage totals in excess of 100km and presents Eromanga with an excellent portfolio of targets for future drill testing and supplementary geophysical evaluation.”

Mr Lines said the depth penetration of the maiden airborne EM survey in the highly
conductive palaeodrainage was limited to 75m.

“A critical aspect of early drill testing will be to delineate the base of this newly
discovered ancient drainage system.”

Mr Lines said surface sampling of outcrops conducted in parallel with the survey, had identified non-economic secondary uranium mineralisation - occurrences which
importantly, confirmed that uranium sourced from the adjacent ranges had flowed
into, and been deposited within the Marree Project area.

Eromanga has commenced negotiations with the Adnyamathanha aboriginal people to secure heritage clearance approvals ahead of a drill start.

The company would complete similar airborne EM surveys to that employed at Marree, over its projects at Billa Kalina, 70km northwest of Olympic Dam; at Kingoonya further to the west; and in the Northern Territory, at Abminga, just inside the border with SA.

- 13 Mar 2007

[ambrosio]

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=ERO:AU&sid=akCzQ_oJPZ7U

[ambrosio]

Von 22März07 bis 23März07 fand in Adelaide die Paydirt Uranium Conference statt.
Höhrt sich gut an, was die Zukunft für südaustralische zukünftige Uranproducer bringen soll.

http://www.im-mining.com/Articles/Australianuraniumexportstodouble.asp

[ambrosio]

Uranpreis steht seit 260307 bei $US95.
http://www.wabusinessnews.com.au/en-story/1/50324/Uranium-stocks-surge-on-increasing-price

[ambrosio]

MARREE PROJECT – 7KM RADIOMETRIC ANOMALY
IDENTIFIED, INITIAL SAMPLING RETURNS
ANOMALOUS URANIUM RESULTS.
22 March 2007
The Manager
Companies Announcements Office
Australian Securities Exchange
20 Bridge Street SYDNEY NSW 2000
Highlights

Processing of airborne radiometric data has identified an area 20km x 10km containing a cluster of six (6) discrete anomalies. This area lies at the margins of the recently discovered Marree Palaeodrainage.

Initial on-ground validation of these anomalies utilising handheld
scintillometers identified two (2) areas with gamma readings 34 times background.

Reconnaissance grab/rockchip sampling has returned multiple anomalous uranium analyses, to a peak value of 85ppm.
The 7km long anomaly at Area A has been identified as the priority for follow-up exploration based on a combination of geological setting and radiometric response.

Future exploration Based on the combined results of the airborne EM survey and radiometric analysis the company has applied for two additional exploration licences covering approximately 1870 sq km immediately to the west of the current tenement holding at Marree Negotiations with the relevant Traditional Owners at Marree are ongoing and drilling of the Marree Palaeodrainage and the new radiometric anomalies will commence as soon as practical after all the necessary clearances are in hand.
•
Eromanga Uranium

Gesamte Bekanntgabe ist mit Abbildungen unter
http://www.eromangauranium.com/investors/asx/2007/ero_asx20070322.pdf
nachzulesen.

[ambrosio]

Die atomstromproduzierenden Länder im ostasiatischen Raum sind und werden vor allem in Zukunft Hauptabnehmer des australischen U3O8 sein.
China drängt besonders stark in den australischen Uranmarkt.
Nachfolgend einige "facts and figures".

http://blog.foreignpolicy.com/node/4182

[ambrosio]

Das Eromanga Basain, in dem die Explorationstätigkeiten von Eromanga Uranium durchgeführt werden, ist noch relativ unerschlossen.

http://www.pir.sa.gov.au/byteserve/minerals/references/mesa_journal/mj_39/mj39_untouched_sa.pdf

[ambrosio]

Explorationstätikgeiten (airborne electromagnetic (EM)
survey) in den Explorationsgebieten BILLA KALINA, KINGOONYA, ABMINGA sollen ab Mitte April begonnen werden.
Grund für den Start im April soll die davor gegebene grosse Hitze sein, die die mittels Hubschrauber durchgeführten Ergebnisse der "airborne electromagnetic(EM) survey" verfälschen könnten.

[ambrosio]

Im Eromanga Basin befinden sich zwei der drei australischen Uranminen. Eine ist die Olymbic Dam Mine von BHP Billiton, mit den momentan grössten Uranvorkommen der Welt und die zweite ist die Beverly Uranium Mine von Heathgate Resources. Honymoon von Uranium One,auch im Eromanga Basin, soll mit 2008 in Produktien gehen.

Vor wenigen Tagen wurden in der Nähe der Beverly Uranium Mine die wahrscheinlich größten Uranvorkommen der letzten 25 Jahre entdeckt.
http://www.news.com.au/adelaidenow/story/0,22606,21486980-91…

Drei der fünf Explorationsgebiete von Eromanga Uranium befinden sich in der Nähe von Olymbic Dam und Beverly.
Marree: ca.70km westlich der Beverly Mine
Billa Kalina: ca. 100km nordwestlich von Olymbic Dam
Kingoonya: ca. 150km westlich von Olymbic Dam

[Panem]

Antwort auf Beitrag Nr.: 28.647.892 von ambrosio am 03.04.07 20:31:24

Nun, ja...Nähe...

Aber OK:

Man wird sehen!

[ambrosio]

Freitag, 6. April 2007
Weltweiter Klimawandel

http://www.n-tv.de/787912.html
http://www.ftd.de/politik/international/:Amerikaner%20Weltkl…

Berichte sind für die Menschheit nicht besonders gut, aber für Energiequellen, die kein CO2 produzieren, um so besser.

[ambrosio]

Neuer Uranpreis 113US$
http://www.stockinterview.com/News/04072007/Uranium-Price-Ov…

[ambrosio]

Handel an der ASX vom 10apr07

Open 0,28
Close 0,315
+12,5%
Volumen 6,286,438

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.…

Wieder kräftiger Handel!

[ambrosio]

European Union wants bigger slice of yellowcakeNigel Wilson, Energy writer
April 12, 2007; The Australian

THE European Union wants a share of Australia's future uranium sales, rather than be closed out of the billion dollar market by China and India.
It is arguing that Europe, as a strong supporter of the Nuclear Non-Proliferation Treaty, is a reliable consumer of uranium compared with other countries.
Last year Prime Minister John Howard and Chinese Premier Wen Jiabao signed an agreement under which Australia will sell uranium to China for power generation, while India has been pressing Australia to lift its ban on uranium sales to countries that are not signatories to the treaty.

EU ambassador Bruno Julien told West Australian Premier Alan Carpenter yesterday that while the state's ban on uranium mining was an internal political matter, Europe had to rely on nuclear power for matters of energy security and climate change.

Mr Carpenter reiterated at the meeting there would be no uranium mining in the state while he was Premier.

Mr Julien said the EU needed energy security because energy was a very important source of competitiveness for its 27 member countries, with their 480 million consumers.

Fifteen of the 27 EU member states are already using nuclear energy and it is moving towards an integrated energy policy, though nuclear energy is a matter for individual members to decide.

Mr Julien said Australia, with about 30 per cent of the world's low-cost uranium reserves, was important as a supplier.

"We need energy supply from reliable providers and you know that some of the providers of energy right now are unstable countries," he said.

"So we need to have diversity of countries supplying energy and also of sources of energy.

"In addition to that, one of our major problems we are trying to fight against is climate change."

Europe sources about 30 per cent of its energy from nuclear power.

Mr Julien said the European Council decided earlier this year to reduce greenhouse gas emissions by 20 per cent, which could increase the requirement for nuclear energy.

"We have to consider that having diverse sources of supply and diverse sources of energy should certainly include uranium," he said.

"What I want to secure is a source of supply, and that all of your uranium is not going to India or China and we can have our share of the cake."

Mr Julien said the EU was willing to adhere to full application of the Nuclear Non-Proliferation Treaty.

"We are a signatory and we think it is very important that we are a very reliable user of resources."

Interessanter Beitrag zur Atomenergiepolitik der EU.

[ambrosio]

Desperately Seeking 500,000 Pounds UraniumShut-Out Utility Needs to Buy U3O8 Fast

Kurzer Auszug aus dem Bericht:

Matthew Smith of TheInvestar.com reports his Australian uranium stock index closed at an all-time high this past week. The Canadian uranium stock index closed a few points below its record high set earlier in the week.

Smith observed AREVA’s developments in Australia. In an email, he wrote, “With AREVA being so active right now in Australia this tells us:

They think the 'Three Mines Policy' will be overturned at the end of the month.

There is a higher risk for the Athabascan mines than Cameco (CCJ) is letting on. Therefore, AREVA (whose subsidiary is an owner, through joint ventures, of many of the mines there) is diversifying and spreading their risk over many future deposits and mines.

They see increased demand in a large way down the road. AREVA would not be buying if they could not justify this. The larger miners are generally very conservative. American and Australian deposits are where the big boys will go first when buying. Then, they will gradually gravitate to the more speculative plays in Athabasca and elsewhere.”

http://www.stockinterview.com/News/04152007/Uranium-Market-S…

[ambrosio]

Tuesday April 17, 11:40 AM

South Australia the 'Saudi Arabia' of uranium: Rann

Premier Mike Rann says uranium is "the fuel of the future" even though he opposes the use of nuclear power in South Australia.

Mr Rann will fly to Melbourne and Sydney tomorrow to begin lobbying Labor delegates to overturn the party's "no new uranium mine" policy, ahead of next week's national ALP conference.

Mr Rann says the policy is outdated and illogical and he believes the potential of South Australia's uranium would be huge if the policy could be overturned.

"Sixty companies in South Australia are now holding exploration licences for uranium," he said on Radio 5AA.

"To put it into perspective, if uranium is the fuel for the future, we're not the Texas, we're the Saudi Arabia of it in our state."

http://au.news.yahoo.com/070417/21/134sh.html

Na dann hoffen wir, dass SÜD AUSTRALIENS Premier, Mr. RANN, seine Parteikollegen überzeugen kann, von der "three mine policy" abzugehen!

[ambrosio]

Labor Evans hopeful uranium ban will goEmail
April 17, 2007 - 2:59PM

Federal Opposition resources and energy spokesman Chris Evans says he's hopeful Labor's national conference will overturn the party's ban on new uranium mines.

With Federal Finance Minister Nick Minchin forecasting that the dumping of Labor's 25-year-old no new mines policy next week was a fait accompli, Senator Evans admitted the anti-uranium stand was now nonsensical.

But he said there remained a longstanding concern in the Labor Party about the nuclear fuel cycle and he had long ago given up predicting what the ALP national conference would do.

It was perhaps that uncertainty that also had prompted South Australian Premier Mike Rann to head to Melbourne and Sydney on Wednesday to lobby delegates to dump the policy.

Senator Evans said Australia currently mined uranium, would continue to mine uranium and would probably be the largest or second largest exporter to the world over the next 20 or 30 years.

"So to have a debate about how many mines you have in the context of all that seems to me to be nonsensical," he told reporters in Adelaide.

"But I don't underestimate the concern in the party about these issues, and I don't ridicule at all their concerns about the nuclear fuel cycle."

Senator Minchin said the Labor Party was still very divided over the uranium issue.

"But it's a fait accompli that at the conference they will abandon this idiotic policy, there is no way they are going to embarrass their new leader who has said he doesn't support it, by retaining it," the minister said.

"So that policy is gone, although I think they will have a good donnybrook over it because they are very divided."

Mr Rann said he would continue to lobby his Labor colleagues right up until the party's convention, describing the policy as outdated and illogical.

"I cannot think of anything more important politically, symbolically and economically for the whole resources sector than to see this illogical and outdated policy ended," he said.

"I plan to talk, face to face, with as many delegates as I possibly can in the coming week.

"I will carry out shuttle diplomacy in order to make my position crystal clear."

Senator Evans said one thing that wouldn't change at the national convention was Labor's stand on nuclear power, with the party united in its opposition to nuclear power stations in Australia.

With large reserves of coal and natural gas, Australia was in the fortunate position of not having to take the risk of the nuclear option, he said.

http://www.smh.com.au/news/National/Labor-Evans-hopeful-uran…

[ambrosio]

Price forecasts red hot for uranium
'Bellwether' change in attitude cited

JOHN PARTRIDGE INVESTMENT REPORTER
18april2007

CIBC World Markets Inc. has raised its price forecasts for uranium oxide by 40 per cent, citing an environmentally driven renaissance in nuclear power and a gap between demand and supply for the metal.

The firm's chief economist Jeffrey Rubin said yesterday that....

Gesamter Bericht ist unter
http://www.theglobeandmail.com/servlet/story/LAC.20070418.RU…
nachlesbar.

[ambrosio]

CANBERRA, Australia, April 20

Australia's prime minister is pushing harder for nuclear power, though the country with the largest uranium reserves doesn't allow it.

"Nuclear energy, nuclear science, nuclear power is part of Australia's future, and those who seek to shut the nuclear option out of anything in relation to power generation or science or medicine in the future are really looking backward rather than forward," John Howard said at the opening of the country ' s new research reactor.
The Open Pool Australian Lightwater reactor will research radioisotope production, irradiation services and neutron beam research, not for producing energy, according to World Nuclear News, a service of the World Nuclear Association, the industry's global trade group. OPAL will replace HiFAR, Australia's first research reactor, which operated for 48 years.

Werner Burkart, deputy director general of the International Atomic Energy Agency, said Australia is ready to move toward nuclear power production.

"I think Australia would have the technology level, you would have the kind of good governance, you would have the kind of regulatory infrastructure," Burkart said. Australia is one of the world leaders in uranium mining, though it doesn't process it for use in nuclear plants. Howard has urged the country to reverse its anti-nuclear stance.

http://www.earthtimes.org/articles/show/54436.html

[ambrosio]

23 April 2007 - 9:09AM
Labor 'will change uranium mines stance'

Deputy Opposition Leader Julia Gillard is confident Labor's 25 year opposition to new uranium mines will be overturned at the party's national conference this weekend.

Uranium and industrial relations are shaping up as the two biggest challenges for Labor leader Kevin Rudd during the three-day conference in Sydney, starting on Friday.

Ms Gillard says Mr Rudd will face some tough opposition from a number of Labor Party members.

"I expect it to be a pretty tough debate on uranium mining," Ms Gillard told ABC Radio.

"There are a lot of deeply held views across the Labor Party and we will see those views put and put with vigour."

But, at the end of the debate, Ms Gillard believes Mr Rudd's plans will be supported by the majority.

"I believe that Kevin Rudd will prevail in this debate - but I expect it will be a vigorous debate and that's appropriate," she said.

"Labor is a democratic party, we value people's views, and the national conference is the time for people to put them."

Labor frontbencher Anthony Albanese believes Mr Rudd won't necessarily get it all his own way at the conference.

Mr Albanese will be leading the push for Labor to retain its no new uranium mines policy, once known as the three mines policy.

Ms Gillard said she is not surprised Mr Albanese opposes the plan, as he has deep and long-held views about uranium mining.

"But in terms of more uranium mines, I think it's important that this country can exploit it's natural assets," she said.

I'm from South Australia originally - I know how important uranium mining is to the economy of that state and consequently I believe that we can get all of the safeguards right but have further uranium mining."

However Labor's environment spokesman Peter Garrett said Mr Rudd will have a fight on his hands.

"I have always said that we are into nuclear as far as we ought to be, I won't be supporting any proposals to expand uranium mining in Australia and we'll have a discussion at the conference when these amendments come forward," the environment spokesman told ABC Radio.

But Mr Garret said he was not sure how many other Labor Party members would be voting against the shift in policy.

"I'm not counting numbers, all I'm saying is what I've always said and that is that we are into nuclear as far as I think we ought to be," he said.

http://wimmera.yourguide.com.au/detail.asp?class=national%20…

[ambrosio]

Yes on uranium, says Rudd
April 24, 2007 12:44am


FEDERAL Opposition Leader Kevin Rudd will offer to block a uranium enrichment industry from developing in Australia as part of a pitch to gain his party's support for an expansion of uranium ore exports, it was reported today.

Mr Rudd will ask the ALP to end a 25-year-old ban on new uranium mines at Labor's national conference this weekend.

The draft policy amendment to the party's 1982 platform, which banned new uranium mines, will prohibit nuclear power stations and “all other states of the nuclear fuel cycle”, The Australian newspaper reported.

The move will be a blow to those in Labor who believe Australia could develop a lucrative export industry developing nuclear rods for power stations, particularly for the burgeoning economies of China and India.

http://www.news.com.au/heraldsun/story/0,21985,21611020-5005…

[ambrosio]

Premier backs Rudd on uranium mines
April 24, 2007 09:21pm

SOUTH Australian Premier Mike Rann has thrown his weight behind a push by Labor's right to overthrow the party's no new uranium mine policy.

Federal Opposition Leader Kevin Rudd will this weekend try to change Labor's policy but is facing opposition from his environment spokesman Peter Garrett, along with left faction member and water spokesman Anthony Albanese.

Mr Rann has written to conference delegates saying new uranium mines could help fight climate change.

"Nations are demanding uranium to provide carbon-free energy," Mr Rann wrote.

He demanded those who oppose new mines provide another answer to climate change.

"The world must reduce its reliance on fossil fuels, as well as recognise the right of less developed countries to a higher standard of living," he said.

"We cannot do both these things by relying solely on the traditional energy sources that are contributing to global warming."

Mr Rann declared current policy "outdated and illogical", but he maintained his opposition to nuclear power stations and uranium enrichment in Australia.

"Nuclear power generation would not stack up financially in Australia, with its small and dispersed population," he wrote.

http://www.news.com.au/heraldsun/story/0,21985,21616399-5005…

[ambrosio]

Uranium fallout splitting the party
Samantha Maiden, Political correspondent
April 26, 2007

KEVIN Rudd's push to overturn a ban on new uranium mines has triggered a split in the Victorian Right, with Labor's deputy Senate leader Stephen Conroy still considering his position.
Splits have formed in all three factions of the Labor Party over the proposal to overturn the ban but Senator Conroy would become the first member of Mr Rudd's leadership team to break ranks on the issue.
The Victorian Right last night resolved to give delegates a free vote on policy matters, allowing those who disagree with Mr Rudd to vote against the historic change. However Senator Conroy stressed a clear majority was still expected to vote in favour of overturning the ban.

A long-time opponent of an expansion of uranium mining, the Victorian powerbroker has previously voted against moves to drop prohibitions on new mines.

"I am considering my position," he told The Australian.

"As to what the outcome will be, Kevin Rudd will win. I would expect an overwhelming majority of the Victorian Right will vote with Kevin Rudd."

The rise of union leader Bill Shorten, who is expected to join Mr Rudd's team after the next election as a Victorian MP, will help shore up the Right's support for change. The support of Deputy Labor leader Julia Gillard, a member of the Left in Victoria, and Opposition Senate leader Chris Evans is also expected to deliver a significant bloc of votes to support Mr Rudd's position.

Labor's Right faction holds a majority of delegates at this year's conference, which will help deliver wins for Mr Rudd but splits are expected over a range of issues including a push to introduce a charter of human rights.

The Right faction is expected to secure a clear majority on the ALP's powerful national executive, which can decide preselections, securing 11 positions to the Left's nine and wiping out the old independents/centre faction as a force.

Despite John Howard's suggestion that claims of a split with the unions on uranium mines and industrial relations are nothing more than a "pantomime", significant resistance remains.

In Western Australia, the 40-strong delegation is "split down the middle" on uranium mining. The state's ALP national executive passed a motion this week urging delegates to recognise the strong stance of the Carpenter Government against uranium mining and the failure to address the long-term storage of nuclear waste. Unions WA passed a similar motion on Tuesday night expressing their opposition to the nuclear industry and asking for no change to the ALP's current policy.

In South Australia, where Premier Mike Rann is campaigning for change, the delegation is also split, with many delegates from the Left opposed to an expansion of uranium mining.

In response to a letter Mr Rann sent to delegates, in which he backed change, frontbencher Anthony Albanese said opponents remained concern about safety.

"The issue of nuclear waste simply can't be wished away," Mr Albanese said yesterday. "I haven't heard anyone argue yet there's a mandate from rank-and-file members asking for change."

The Victorian delegation has historically been reluctant to change the ALP's position on uranium. "Every conference there's a push and it usually collapses because the Victorian Right collapses," a source said.

http://www.theaustralian.news.com.au/story/0,20867,21622672-…

[ambrosio]

Uranium trading could boost prices
By Tom Stundza
Purchasing
April 25, 2007

The New York Mercantile Exchange will introduce uranium futures on its electronic platforms—CME Globex and NYMEX ClearPort—on May 7. NYMEX and UxC, a publisher of uranium prices and price forecasts, will provide marketing and education for the contracts, which will serve as the pricing benchmark.

Richard Schaeffer, the futures house chairman, says the introduction of uranium futures provides the industry with transparent price discovery. "We expect to create a benchmark contract for this important and underserved global market," he says.

UxC President Jeff Combs says: “The experience this decade has clearly indicated that the uranium market would benefit from additional price transparency, especially in terms of forward prices, as market participants formulate budget and investment decisions in this critical period of a renaissance in nuclear power.”

Industry analyst Sean Brodrick at The Small Uranium Wonders newsletter in Jupiter, Fla., suggests that speculators are going to get involved quickly in uranium. Market prices already have exploded to $100/lb and Brodrick says “uranium futures could put us at $500/lb in the blink of an eye because they'll give hedge funds a way to trade in and out of uranium easily.” He also suggests that this will lead to a uranium EFT (electronic funds transfer) system in the U.S. “Keep your eyes peeled for that one,” Brodrick says. “It would be yet another force to power uranium prices higher.”

http://www.purchasing.com/article/CA6436291.html

[ambrosio]

Rudd to win uranium vote
Clinton Porteous
April 27, 2007 12:00am

FEDERAL Opposition leader Kevin Rudd is set to triumph on the controversial issue of new uranium mines as the ALP national conference kicks off today.

Mr Rudd wants to overturn a historic ban on the opening of new mines but there is fierce opposition from many delegates, especially those on the Left.
However, key anti-nuclear figures in the party yesterday admitted it would be devastating if Mr Rudd were defeated.

"It's too close to the next election to be cannibalising ourselves," a key member of the Left said.

Uranium and the new-look industrial relations system proposed by Mr Rudd are set to dominate the conference, which comes six months before an election is expected.

The Labor leader will make a keynote speech this morning as he helps open the three-day extravaganza at Sydney Convention and Exhibition Centre.

The uranium issue has split Mr Rudd's front bench. High-profile environment spokesman Peter Garrett and industry spokesman Kim Carr are campaigning for the ban to remain.

Most of the Left want the ban to stay but Mr Rudd's deputy Julia Gillard has broken factional ranks and backed the development of more mines.

The vote on uranium is due tomorrow and is expected to be close.

Mr Rudd will present the motion on uranium mines and South Australian Premier Mike Rann is to second it.

Mr Rann, who has been lobbying for change, said he was taking nothing for granted.

"It's really a very contentious issue. It's going to be a very close vote," he said. "It's overturning a policy that's been in place for 25 years and one that generates a great deal of emotion."

The motion includes extra safeguardsto stop Australian uranium being used in weapons programs.

Queensland Premier Peter Beattie and Western Australian Alan Carpenter have opposed new mines.

http://www.news.com.au/couriermail/story/0,23739,21627600-95…

Mögliche Änderung der "no new mines policy" geht in die entscheidende Phase!

[ambrosio]

Interessanter Bericht über Zukunftsaussichten der Uranpreisentwicklung nach Einführung des Uran Future an der NYMEX.

http://www.marketwatch.com/News/Story/Story.aspx?guid={04534…

[ambrosio]

ALP geht von der "three mines policy" ab!


Labor ends mine ban
Howard goes nuclear

April 29, 2007 12:30pm


THE FEDERAL Government is to unchain the nuclear industry, removing restrictions on mining, processing and exporting uranium.

And the government will open the way for domestic nuclear power generation.

In an announcement coinciding with Labor's national conference in Sydney, the Prime Minister Mr Howard said expert advice clearly showed Australia was missing major economic opportunities because of excessive barriers on uranium mining and export.

He said Australia had a clear responsibility to develop its uranium resources in a sustainable way, irrespective of whether Australia ended up adopting nuclear power.

Details of the plan were leaked to major newspapers, dominating their front pages and overshadowing reports of Opposition Leader Kevin Rudd and the Labor conference.

Mr Howard's actual announcement also appeared timed to pre-empt the Labor national conference debate on overturning a 25-year-old ban on new uranium mines. That was carried but Labor maintained its opposition to domestic nuclear power. The conference voted 205 to 190 to defeat an amendment by Labor frontbenchers Anthony Albanese and Peter Garrett to keep the uranium ban.

Mr Howard said nuclear energy was a fact of life and a key source of clean energy in 30 countries across Europe, Asia and North America, supplying 15 per cent of the world's electricity.

"I am announcing today a new strategy for the future development of uranium mining and nuclear power in Australia," he said.

"The government will implement this strategy to increase uranium exports and to prepare for a possible expansion of the nuclear industry in Australia."

Under that plan, the government will move immediately to remove unnecessary constraints on expanding uranium mining, including overlapping regulation of the mining and transportation of ore.

Australia will also participate in the Generation IV advanced nuclear reactor research program.

Mr Howard said a regulatory regime would be developed to govern an expanded nuclear industry and any future nuclear power plants.

Communications strategies will be developed to spell out what needs to be done and why - a key step in what's set to become an intense propaganda campaign.

All this will be under way by election time.

"Relevant ministers and their departments are to commence this work immediately and to report to Cabinet by around September this year. The work plans are to be implemented in 2008," Mr Howard said.

Labor, the Australian Democrats, Greens and environment groups spoke as one in slamming the plan.

Mr Rudd said Mr Howard had opted for the Montgomery Burns solution to climate change - a reference to the nuclear power plant proprietor in the Simpsons television cartoon series.

"Does this represent any way of dealing with the real challenge of global greenhouse gas emissions and the answer against any level of logic is 'No'," he said.

Greens leader Bob Brown said this was a bomb of a policy.

"People don't want nuclear reactors in Australia, they don't want uranium enrichment and they don't want the nuclear waste dump that (Environment Minister) Malcolm Turnbull says we must be looking at," he said.

Australian Democrats leader Lyn Allison said Australia did not need nuclear power to reduce greenhouse emissions.

"The prime minister says we need either fossil fuels in coal or we need nuclear in order to power our baseload. The prime minister is wrong," she said.

Wilderness Society campaigns director Alec Marr said this would increase unsolved problems of nuclear waste.

"The prime minister has said he wants to develop a nuclear industry but what he isn't saying is that Australia is being lined up to become the world's nuclear waste dump," he said.

Friends of the Earth spokesman John Hallam said Mr Howard was living in nuclear fairyland.

"Nuclear power is the most expensive, complex, inefficient, and dangerous way to boil water ever devised," he said.

http://www.news.com.au/adelaidenow/story/0,22606,21633981-50…

[ambrosio]

Antwort auf Beitrag Nr.: 29.038.552 von ambrosio am 28.04.07 10:52:47

Na dann wird EROMANGA wohl weiter durchstarten.

Mines vote a bonanza for SA
April 29, 2007 12:15pm


THE dumping of the Labor Party's illogical "three mines" uranium policy is a long overdue bonanza for South Australia.

It will encourage further exploration across the state because, as many in the mining industry are fond of saying, "there is almost certain to be another Roxby Downs out there somewhere".
The mining industry is transforming this State in a way that will reverberate for decades.

BHP Billiton's Olympic Dam mine at Roxby Downs is leading the way with plans to turn it into the world's biggest mine.

But this is just one part of an industry that will be the engine room of jobs, prosperity and population for years to come.

Mineral wealth discovered by a dynamic exploration industry will generate enormous wealth for the State, with a ripple effect spreading far beyond those directly involved in mining.

Economists believe that for every $1 created by mining, another $4 flows through the community.

New mining projects will attract people and skills to the State, revitalise regional centres and offer new options for rural people to stay in their communities.

The infrastructure alone supporting major mining ventures will breathe new life into the State.

The State's top 23 mining companies plan to spend $20 billion on infrastructure in the next decade – and this is just developing known discoveries.

While they do, the State Government will have to build new road, rail and port facilities, schools, hospitals and other infrastructure to support the influx of people chasing thousands of new jobs.

The State Government's Plan for Accelerated Exploration (PACE) has been a driving force behind the minerals exploration boom. However, as the old saying goes, you ain't seen nothing yet.

Much of the rush so far has been to explore and find new mineral deposits.

Explorers have found plenty. The next phase is coming, largely beginning in 2008, as a host of new mines go into production.

The dumping of the three mines policy by Labor is a major political victory for Opposition Leader Kevin Rudd and Premier Mike Rann.

More importantly, it is an economic victory for South Australia which is now regarded as one of the world's most attractive regions for mineral exploration.

Subject to environmental safeguards, this State must make it clear – miners are welcome here.

http://www.news.com.au/adelaidenow/story/0,22606,21638761-50…

[ambrosio]

Antwort auf Beitrag Nr.: 29.051.334 von ambrosio am 28.04.07 22:11:02

Quartalsbericht für das 3.Quartal wurde veröffentlicht.

Auszug:
Highlights

Successful completion of over 4000 line/km of airborne EM surveys at the Marree Uranium Project in northern South Australia delineated a previously unknown and unexplored palaeodrainage system.

This buried river system, located entirely within Eromanga’s tenements, has over 100km of deeper channels capable of hosting sandstone hosted (rollfront)uranium deposits.

Processing of airborne radiometric data identified an area 20km x 10km containing a cluster of six (6) discrete anomalies. This area lies at the margins of the recently discovered Marree Palaeodrainage.

Based on exploration results the company has applied for two additional exploration licences covering approximately 1870 sq km immediately to the west of current tenement holdings at Marree.

As at the 31st March 2007 the company held cash of $12.803 million.

Eromanga is positioned for a very active June Quarter, with major programs of airborne EM at Billa Kalina and Abminga and the commencement of drilling at Billa Kalina and Marree scheduled for May and June 2007.

Gesamter Bericht unter:http://www.eromangauranium.com/investors/reports/quarterly/e…

Exlorationtätigkeiten werden vorangetrieben, weiteres wurden zwei zusätzliche Geologen ins Boot geholt.

[ambrosio]

Antwort auf Beitrag Nr.: 29.066.462 von ambrosio am 30.04.07 06:03:16

Marree-Projekt:
Auf Grund der guten Ergebnisse der elektromagnetischen Untersuchung des Marree-Explorationsgebietes hat ERO um die Exploration von weiteren 1870qukm (östlich ans Marree-Projekt anschließend) angesucht.

Weiteres soll ab Mai mit elektromagnetischen Untersuchungen (airborne EM survey) auf den Projekten Billa Kalina und Abminga begonnen werden.

Auf Billa Kalina und Marree soll im 4.Quartal (Mai/Juni) auch mit Bohrungen begonnen werden.

Mal sehen wie ERO die Vorhaben umsetzt. Können auf jeden Fall interessante zwei Monate werden.

[ambrosio]

Antwort auf Beitrag Nr.: 29.087.730 von ambrosio am 01.05.07 21:58:57

stocknessmonster; ein gutes Instrument, um den Kursverlauf von ERO zu beobachten

http://stocknessmonster.com/stock-chart?S=ERO&E=ASX

Bericht über ERO auf quote.com (01Mai07)

http://mobile.quote.com/story.aspx?symbols=&id=RWE120t3099&p…

[ambrosio]

Uranium Explorers Gain After Australian Labor Party Ends Ban
By Gavin Evans

April 30 (Bloomberg) -- Australian uranium stocks surged after the nation's opposition Labor Party ended a 25-year ban on new mining of the radioactive mineral.

Shares in Perth-based Deep Yellow Ltd., which is seeking the uranium in Namibia as well as four Australian states and territories, gained as much as 13 percent. Eromanga Uranium Ltd., with projects in South Australia and Western Australia, rose 11 percent.

Australia has about 40 percent of the world's known uranium. Ending the ban, which restricted mining to the country's three existing sites in the Northern Territory and South Australia, will free state governments to consider proposals from explorers keen to capitalize on record prices. Labor is in power in all eight states and territories and in opposition at federal level.

``Prior to now it's been quite a remote possibility that they would have the chance to produce anything they find,'' said Neil Boyd-Clark, who helps manage the equivalent of $3.5 billion at ABN Amro Asset Management in Sydney.

Uranium, used to make fuel for reactors, reached a record $113 a pound last month. Prices almost tripled the past year after floods and delays at existing projects reduced supplies and new reactor construction increased demand.

Still, the change in policy may offer only limited scope for new developments in Australia outside South Australia, where the government favors new projects, and the Northern Territory, where the federal government manages mine permitting.

No Mining

Western Australia Premier Alan Carpenter says there will be no uranium mined in the state while he remains in office. Last week, Queensland Premier Peter Beattie said the state Labor Party opposed mining and wasn't likely to change its view anytime soon.

The pace of any mining expansion may depend on whether state Labor Party policy moves into line with the federal policy over time, Boyd-Clark said, noting ABN Amro holds shares in uranium producers Rio Tinto Group and BHP Billiton Ltd.

``They own some of the biggest and best uranium deposits in the country,'' and will also benefit if mining is expanded into the other states, he said.

Rio Tinto owns the Rossing mine in Namibia and controls Energy Resources of Australia Ltd., which operates the Ranger mine in that country's Northern Territory.

BHP Billiton operates Olympic Dam in South Australia, which is also home to Heathgate Resources' Beverley mine. The state favors more mining and has already approved SXR Uranium One Inc.'s Honeymoon project due to start up within 12 months.

To contact the reporter on this story: Gavin Evans in Wellington at [e-mail]

Last Updated: April 29, 2007 23:36 EDT

http://www.bloomberg.com/apps/news?pid=20601072&sid=a0_g2Q9b…

[ambrosio]

Der Startschuß zu intensiven Explorationstätigkeiten fällt am 09 MAI.

An diesem Tag werden die elektromagnetischen Untersuchungen (airborne EM survey) auf den Projekten Billa Kalina und Abminga begonnen. Diese Untersuchungen sollen 10 Wochen in Anspruch nehmen, wobei 12000km geflogen werden (4000km Billa Kalina/8000km Abminga). In diesem Zusammenhang wurde auch des Computersystem (CS), welches zur Auswertung der Ergebnisse der "airborne EM survey" dient, upgegradet. Mit den zwei neuen Geologen und dem Upgrade des CS kann die Auswertung der Ergebnisse der elektromagnetischen Untersuchungen rascher durchgeführt werden.

Weiteres wird ab Anfang Juni mit zwei Probebohrungen auf Billa Kalina begonnen. Jede dieser Bohrungen sollen bis in eine Tiefe von 800m vorangetrieben werden.

Details sind unter
http://sa.iguana2.com/cache/131f5a14240cbb8f64f34394c17f4b7f…
zu finden.

[ambrosio]

Antwort auf Beitrag Nr.: 29.124.813 von ambrosio am 04.05.07 05:10:27

Um vergleichen zu können, welches Ausmaß die "airborne EM survey" auf den Projekten Billa Kalina und Abminga hat, der Vergleich mit Marree.
Ende 2006 wurden auf Marree 4000km "airborne EM survey" durchgeführt.
Das bedeutet, dass bis ca. Ende Juli07 (10 Wochen) drei mal so viele km untersucht (beflogen) werden, als auf Marree.

[ambrosio]

Uranpreis: 120US$

http://www.stockinterview.com/News/05052007/Record-Uranium-S…

[ambrosio]

Aktueller Uranpreis:

05/07/2007 11:54:34 135US$

http://www.nymex.com/UX_csf.aspx

[ambrosio]

Eromanga rockets as EM surveys take off
Paul Garvey
Monday, 7 May 2007

EROMANGA Uranium managing director Kevin Lines says a "combination of factors" is responsible for this morning's stunning 49.5% rise in his company's share price.

Shares in Eromanga had put on 24c in trade today to sit at 72.5c just after midday.

Last Friday, the company announced it was set to begin two airborne electromagnetic surveys later this week.

In addition, Eromanga said it had signed contracts for the drilling of two deep diamond drillholes into the Billa Kalina project in South Australia.

Eromanga's shares put on 6c to 48.5c in late trading following that announcement.

Speaking to MiningNews.net this morning, Lines said the share price movement represented a "justified re-rating" of the explorer.

"As the announcement says, we've got two big EM surveys about to start, and that will generate a lot of targets for us," Lines said.

In addition, Lines said the market was interested in the outcome of drilling at the Billa Kalina gravity anomaly, which sits near the Olympic Dam and Prominent Hill copper-gold mines, as well as Teck Cominco's recent Carrapateena discovery.

"After that magnificent intersection at Carrapateena that left us all gobsmacked, people want exposure to that area," Lines said.

Meanwhile, the two EM surveys are expected to start on Wednesday. The surveys will cover around 12,000 line kilometres of the Billa Kalina and Abminga projects. Lines said the surveys would cost around $1.2 million.

Lines said the EM surveys would use the same system that defined an as-yet undrilled paleochannel uranium target at Eromanga's Marree project.

http://www.miningnews.net/storyview.asp?storyid=98211§io…

ERO hat am 08may07 an der ASX um 10% korrigiert, am 09may07 aber wieder um 21% zugelegt.
Heute soll mit der "airborne EM survey" auf dem Projekt Billa begonnen werden.

[ambrosio]

Präsentation (Rückblick auf die letzten 6 Monate und Ausblick) vom 10may07 unter

http://www.eromangauranium.com/investors/presentations/2007/…

verfügbar.

[kalabaw]

Hi Ambrosio!

Du machst dir hier jede Mennge Mühe. Respekt.

Ich bin eher stiller Beobachter, aber dennoch interessiert.

Wie prognostizierst du den Kursverlauf für die nächsten 3 Monate.

Gruß

kalabaw

[ambrosio]

Antwort auf Beitrag Nr.: 29.272.540 von kalabaw am 11.05.07 17:24:18

Hallo kalabaw,

Meine persönliche Meinung ist, dass ERO eine große Zukunft vor sich haben kann und der Startschuß dazu am 09may gefallen ist.

Die Veröffentlichung der Explorationstätigkeiten für das 4.Quartal wurden sehr gut gewählt. Der Vorstand, mit CEO Kevin LINES, hat diese unmittelbar nach dem Fall der "three mines policy" getätigt. Das Ergebnis kann man am Kursverlauf verfolgen.

In den nächsten 4 Wochen wird die "airborne EM survey" auf BILLA KALINA durchgeführt. Ich rechne mit der Auswertung der "airborne EM survey"-Ergebnisse mit Ende JUNI.

Unverzüglich nach Abschluß der Flüge auf BILLA KALINA wird ABMINGA mittels REPTEM untersucht (REPTEM-siehe ERO-Homepage). Diese soll weitere 6 Wochen in Anspruch nehmen. D.h. mit der Auswertung der Untersuchungsergebnisse ist bis Anfang AUGUST zu rechnen.
Die zwei Probebohrungen, die auf ABMINGA in der ersten JUNI-Woche begonnen werden, sind ebenfalls zu erwähnen.

Nach Abschluß der Verhandlungen mit den Aboriginals soll auch auf MARREE weitergearbeitet werden.

Mit den 20000qukm Explorationsgebiet in einem South Australia, das sehr "Uranfreundlich" gestimmt ist, ist ERO, nach meinem dafürhalten sehr gut positioniert.

Ich persönlich bin für die nächsten drei Monate und auch darüber hinaus positiv gestimmt, werde mich aber jetzt und auch in Zukunft davor hüten Kursprognosen abzugeben. Was ich weiterhin machen werde, dass ist zu recherchieren und meine Erkenntnisse hier zu posten.

Wünsche ein schönes Wochenende
amdrosio

[ambrosio]

Moves by Australian Labor Party on Uranium Policy Welcomed by AEF

A reversal of the Labor party’s stance on new uranium mines was welcomed today by the chairman of the Australian Environment Foundation, Don Burke.

“The further development of the uranium mining industry is good news for the environment” said Mr Burke.

“Nuclear power generation, which accounts for 16 per cent of all electricity generated worldwide, produces no greenhouse gas emissions and therefore should be considered by all who care for the environment.”

“With electricity production accounting for 40 per cent of the world’s energy needs and this figure is expected to rise with growing global output – all clean options for power generation, including renewable energy, should be part of the solution to cutting greenhouse gas emissions globally.”

According to the Australian Uranium Association demand for uranium is expected to increase by as much as 50 per cent in the next two decades.

Support by the major political parties for the expansion of the uranium mining industry will enable Australia to capitalise on choices other countries make about their energy requirements.

“The decision taken at the Labor party national conference this weekend by the delegates is a reflection of the realities of the world in which we live. Delegates considered all the options and decided to change party policy, which will suit current desired environmental outcomes.”

“If other countries power generation needs can be met using Australian uranium then the Australian economy will benefit and global greenhouse gas emissions will be reduced” concluded Mr Burke.

Posted May 13th, 2007

http://www.azom.com/details.asp?newsID=8510

[ambrosio]

Wie sieht es bei ERO mit den Finanzen aus?

Nach dem Börsengang am 31 Oktober des vergangenen Jahres konnte ERO Kapital von 14,76Mil A$ aufweisen.
Gem. letztem Quartalsbericht besitzt ERO noch 12,803Mil A$ (Stand 31März).
Im vergangenen Quartal wurden 843 000A$ ausgegeben (davon
447 000A$ für Exploration und Auswertung von "airborne EM survey").
Für die weiteren Explorationstätigkeiten verbleibt CASH von 12,803mil A$.
Nach Angaben von Mr. LINES sollen die Kosten der "airborne EM survey" für die Projekte BILLA KALINA und ABMINGA 1,2Mil A$ betragen.
Meiner Meinung ist genug Geld vorhanden um bis einschl. 2008 nach Uran zu suchen.

[ambrosio]

Interessante Gedanken von Neal Froneman, CEO von "uranium one", über eine mögliche Uranpreisentwicklung.

http://www.bloomberg.com/apps/news?pid=20601082&sid=a_X73jxM…

[ambrosio]

Umfrage über die Haltung der Australier zu Uran
16 May 2007

Uranium mining support growing: poll
By Tara Ravens

Australians are adapting quickly to the age of uranium expansion, with almost 60 per cent of people now supporting yellowcake exports, says the head of a nationwide lobby group.

Mainstream Australia was turning to the nuclear fuel alternative, the executive director of the Australian Uranium Association, Michael Angwin, told the second Australia's Uranium Conference in Darwin.

People recognised its environmental credentials..............

http://stawell.yourguide.com.au/detail.asp?story_id=585056&s…

[vonSchlau]

Hallo ambrosio - guter Thread - hat Appetit gemacht.
Habe mir dir Firma angesehen - könnte klappen - haben sehr aussichtsreiche Projekte und die finanzierung steht zunächst.

Da Atomenergie ja wahrscheinlich bald ein comeback erlebt habe ich mal eine Position eingelagert.

[ambrosio]

Uran Spotpreis steht auf $122/lb!
22Mai07

US-Produzent verkauft 100 000 pounds U3O8 mit Liefertermin 15.Juni. Gebote sind am 30.Mai fällig.
Ein weiterer Anbieter verkauft 200 000 pounds U3O8, wobei Gebote bis 01.Juni entgegengenommen werden.
Offene Nachfrage beträgt knapp über 1mio pounds.
TradeTech’s Uranium Spot Price Indicator steht nun auf $122, $2 höher als vergangene Woche. Zu diesem Preis würde momentan ein Verkauf zu stande kommen.


Originaltext:
Uranium Spot Price now at $122/lb
May 22nd, 2007

This interesting snippet appeared on the TradeTech web site:
“One transaction is reported this week in the spot uranium market. A US producer has entered the market to sell 100 thousand pounds U3O8 for June 15 delivery; bids are due by May 30. Another seller is requesting bids on 200 thousand pounds U3O8 and 100 tU as UF6; bids are due June 1. Open demand now stands at just over 1 million pounds. Several buyers have made firm bids to buy, but no transactions have been concluded as of Friday, May 18. TradeTech’s Uranium Spot Price Indicator is $122.00, up $2.00 from last week, which represents TradeTech’s judgment of the price at which a willing buyer and willing seller would conclude a transaction.”

Apart from the $2/lb price rise we have another ‘Sealed Bids Only Please’ situation upon us. The bids are due by the 30th May for 100 thousand pounds of U3O8. We thought that we were cavalier in the past with our predictions of the outcome of such auctions and came up with a price that was too low every time.

So 8 days from now could prove to be very interesting indeed. Rumours will no doubt abound as so called inside information does the rounds regarding who is likely to bid what, which we shall ignore as only the result counts.

However the rumour will no doubt be bought so this should be a good 8 days for the prices of uranium stocks.

http://www.uranium-stocks.net/uranium-spot-price-now-at-122l…

[ambrosio]

Uran Spotpreis seit 23Mai07 auf 125US$

Interessante Berichte über mögliche Uranpreisentwicklung und wie es zum Preis kommt.

http://www.stockinterview.com/News/05232007/Short-Term-Urani… vom 23Mai07

http://www.stockinterview.com/News/05212007/Uranium-Market-T… vom 21Mai07

[ambrosio]

Nuclear 'cheaper' than fossil fuels
May 21, 2007 - 6:44PM

Pricing carbon through an eventual emissions trading scheme will raise the price of fossil fuels to make nuclear energy a cheaper and cleaner electricity alternative, says the government's nuclear expert Dr Ziggy Switkowski.

Dr Switkowski told a Committee for Economic Development of Australia (CEDA) function that nuclear energy for Australia was cheap when costs associated with greenhouse gas emissions were taken into account.

"A nuclear reactor generating energy today would be more expensive than fossil fuel electricity, the price that you pay for today," he said in Perth.

"If fossil fuels are properly costed for their emissions, pollution and particularly greenhouse gases, it doesn't take much of a cost for greenhouse gas ... to close the gap.

"It wouldn't take more than a few tens of dollars per tonne of carbon dioxide per year, which is in the range of what people are thinking, to make nuclear in Australia lower cost than fossil fuels and demonstrably cleaner."

Dr Switkowski, who last year was appointed by the federal government to head a panel to investigate the feasibility of nuclear energy, said environmental and global warming concerns had put uranium back on the agenda as an alternative energy source.

He said the federal government's uranium mining, processing and nuclear energy report, of which Dr Switkowski chaired, has sparked an informed debate on the sensitive issue of nuclear energy.

The report found there was no insurmountable obstacle to developing an enrichment industry, which would add billions of dollars in export value to Australia's reserves of uranium.

"In the 2020s, nuclear energy will be the most cost effective and cleanest form of base-load electricity that Australia has on option to consider," Dr Switkowski said.

"If Australia is looking for low greenhouse gas alternatives, you must have nuclear on the table."

However, director of the West Australian Conservation Council Chris Tallentine said the cost of storing nuclear waste needed to be factored into the equation.

"We need to factor in those sorts of things, when we do the cost comparisons, and when that is done properly, we'll even actually see, even with the introduction of emissions trading ... the price differential between uranium and nuclear power will be much higher than renewables," he said.

Australia holds about 38 per cent of the world's low-cost uranium reserves.

[ambrosio]

Die Einstellung Südaustraliens zur Uranförderung ist äußerst positiv.

Uranium worth $2bn a year
May 23, 2007 02:15am

SOUTH Australian uranium exports are expected to be worth at least $2 billion a year within the next decade, giving a major boost to jobs and infrastructure, the State Government said yesterday.

Mineral Resources Minister Paul Holloway said the boom in uranium mining, caused by high world prices, would lead to a massive increase in uranium exports over the next 10 years.

Federal Government nuclear taskforce head Ziggy Switkowski this week tipped uranium exports would be worth $10 billion a year.

Mr Holloway said conservative estimates suggested the industry would be worth at least $2 billion a year at contract prices in SA and up to $4 billion valued at current spot prices.

SA uranium exports two years ago were worth about $300 million a year to the state. "It is going to reflect right across the economy," Mr Holloway said. "This will mean jobs.

"Essentially, all those billions of dollars, most of that money will go back to all the suppliers and those groups and distributed back into the economy."

Payroll taxes will significantly increase as a result of the boom adding millions of dollars to state coffers as a result of high wages in the mining industry.

The State Government also has predicted tens of millions of dollars of extra royalty payments will flow into the state within five years.

http://www.news.com.au/adelaidenow/story/0,22606,21778631-91…

[ambrosio]

Was geschieht, wenn Aboriginals den Bergbau auf den ihnen zugesprochenen Gebieten nicht zustimmen, hat Energy Resources of Australia erlebt. Auf den Gebieten im Nothern Terretory wird es keinen Uranabbau geben (ohne zustimmung der Aboriginals keine Lizenzen, ohne Lizenzen keine Minen).
http://www.newratings.com/analyst_news/article_1537667.html

Hoffentlich ergeht es ERO bei den Verhandlungen für die weitere Exploration der drei Anomalien auf Marree besser.
In zwei bis drei Wochen sollten die Verhandlungen mit den tratitionellen Besitzern abgeschlossen sein.

[ambrosio]

FP Trading Desk 31may07
Uranium market: Figures show all groups lining up to buy – market awaits results of recent auctions
As uranium market participants await the results of a sale of 100,000 pounds of U3O8, which had bids due on Wednesday, and two larger lots with bids due on Friday, spot prices from monitors Ux Consulting and TradeTech remained at US$125 per pound and US$122 respectively.

While investor interest in uranium stocks, merger and acquisition activity, the NYMEX uranium futures contract, and rising spot prices have garnered plenty of attention of late, the past three months have been the most active period in the history of the uranium market, RBC Capital Markets analyst Adam Schatzker said in a research note, citing a UxC report.

One signal that all potential buying groups – U.S. and other utilities, producers, traders, brokers and others – are lining up to get a piece of the action, comes from figures that show spot volume is nearing 10 million pounds year-to-date. UxC also expects that number could reach 30 to 35 million for the remainder of 2007.

On the supply side, with selling by traders, brokers and others coming in at slightly above 5 million pounds, with upwards of 3 million more from producers, UxC insists production shortfalls remain a real possibility.

http://communities.canada.com/nationalpost/blogs/tradingdesk…

[ambrosio]

Uranpreis vom 04jun07: US$ 138

June 08, 2007
Uranium stocks tumble on worries about higher interest rates

.....
THE increased attention that uranium has attracted over the past few years continues to multiply rather than subside. Until recently, hardly anybody would have envisaged that uranium futures contracts would be traded on NYMEX, while the spot price has continued its rapid escalation since 2003. At US$138/lb, it is now ten times the depressed level of the 1980s and 1990s and in real terms has reached a new peak.

The reasons behind the price rise have been widely discussed. It is generally agreed that the main explanations are the lack of investment in new production facilities during the era of low prices, combined with the perception that secondary supplies will not be as readily available in the future.

The gap between annual reactor requirements and primary production will persist, but it must be narrowed over time by a sharp rebound in the latter. This is reinforced by the increased attention that nuclear power itself is achieving these days, as one of the possible solutions to concerns over energy security and greenhouse gas emissions. Demand for uranium may, therefore, be rather stronger in the future, meaning that the required increase in primary production will also be the greater.

Uranium output, however, has not yet shown much response to the changed price picture. Despite the fl urry of activity within the junior uranium mining sector, it will clearly take some time before the substantially higher incentive to produce leads to much more uranium coming to market. There are plenty of known uranium deposits around the world which can be mined profi tably at a fraction of the current price, but production cannot be turned on and off like a tap.

The regulatory (and political) delays are obvious, but there is also a boom taking place in demand for most other commodities, so the mining sector as a whole is stretched to keep up. Some of the prominent companies from the junior sector, such as Paladin and Uranium One, are now getting into production, and there is a growing queue of credible companies following them, but it will all take time.

Indeed, production problems at current major producers in recent years have been a signifi cant contributor to the price increases. They were already working at a high level of capacity utilisation in order to meet contract commitments but problems at various mines have forced them into the spot market to buy up available supplies.

In 2006, world uranium production fell by 5% from the level of the previous year, to 39,655 t. The reduction was concentrated at the major mines in two major producing countries, Canada and Australia, where production fell by 15% and 20%, respectively.

Lower-than-expected mill head grades at Areva's McClean Lake in Saskatchewan and heavy rainfall at Rio Tinto's Ranger operation in the Northern Territory were the biggest problems. Notable production increases in Kazakhstan, Niger and the US were insuffi cient to cover the volume losses in Canada and Australia, so world production inevitably fell. This showed up the vulnerability of production to a range of technical and climatic factors and underscores the fragility of the supply infrastructure throughout the whole nuclear fuel cycle after many years of neglect.

The uranium producers cannot be blamed, as it was impossible for them to make money when prices were so low and contract terms made it hard for them to plan and develop new mines. Only the lowest-cost producers survived and the best deposits, like Cameco's McArthur River, could be developed.

MARKET WEAKNESS

The rapid price escalation, in itself, has shown up a weakness in the uranium market, which the NYMEX move represents one attempt to correct. While it was always clear that primary production would have to rise sharply at some point in the future, quoted prices remained depressed for too long and did not transmit the signal of likely shortages to market players.

Price and production cycles in uranium are always likely to be rather longer than in other metals and minerals, given the particular demand pattern and lags in production. Demand tends to be very steady, as once reactors start up, they tend to run for many years (most US reactors have already received extensions to their licensed lives to 60 years) and fuel is required for reloads only every 12-24 months.

Given that uranium mines are also expensive to develop and last many years, the buyers and sellers in the market should be able to do good business with each other. But the recent period has shown that the uranium market is very immature and needs substantial further development if it is to meet the needs of an expanded nuclear future. The speculators who have entered the market (and no doubt made a lot of money) have merely acted to show up these weaknesses and encourage their resolution.

http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=190742&_…

[ambrosio]

Uranium Auctions: The Pace Quickens!
June 10th, 2007

There are two days to watch this week and they are Tuesday and Friday.

On Tuesday, June 12th, Denison Mines via Uranium Participation Corp will receive bids for 125 thousand pounds U3O8 for a June delivery.

On Friday, on June 15th, Nufcor will receive bids for 200 thousand pounds U3O8 and 100 tUF6.

Fresh on the heels of two recent uranium auctions that have pushed the price of uranium up to $138/lb according to TradeTech come another two uranium auctions this week. The excitement builds as we watch the hottest game in town unfold before our very eyes.

Through our mythical comic strip starring Sir Peter Misfit of Gigantum Power Corporation we had arrived at a bid of $137.50/lb for the last auction with Uranium-stocks advising that a bid of $140/lb would be required to secure this elusive precious metal. (As uranium is almost half the price of silver here at uranium-stocks we believe that it should be upgraded to reflect its importance) Back to this week where we are faced with two opportunities to get it wrong! It is interesting to see this metal come to the market as the current holders obviously think it is time to take some money of the table and lock in their paper profits.

To put it into context Uranium Participation has approximately 4.2 million pounds of U3O8 and 1.2 million Kg of UF6 or Uranium Hexafluoride. So in percentage terms they are selling 125 thousand pounds U3O8 from their stockpile of 4.2 million pounds, which is approximately 2.9%. We see this as a reasonable move to lock in some paper profits along the way but we do not see it as having a major effect on the price of uranium.

We will keep you informed as and when developments become apparent next week and may we suggest that we could be looking at $150/lb some time next week. As for uranium stocks we are not selling but holding and looking for possible bargains during the summer doldrums.

http://www.uranium-stocks.net/uranium-auctions-the-pace-quic…

[ambrosio]

Exploration Update
31Mai2007

Die "airborne EM surveys" auf BILLA KALINA und ABMINGA haben sich, auf Grund unfreundlichem Wetter und Fehlfunktion des neuen REPTEM-Systems, verzögert.
Zusätzlich gab es noch Einschränkungen beim Transport des Fluggerätes ins BILLA KALINA-Gebiet, sodass die "airborne EM surveys" nicht vor Mitte bis Ende JUNI wieder begonnen werden.
ERO glaubt aber nicht, dass diese Umstände die gesamtheitlichen Explorationsbestrebungen auf BILLA KALINA und ABMINGA beeinflussen.

Das Tiefenbohrprogramm (zwei Bohrungen) auf BILLA KALINA soll am 11JUNI begonnen worden sein.

http://www.eromangauranium.com/investors/asx/2007/ero_asx200…

[ambrosio]

Uranium prices could rise further with new auctions this week – prices should peak in 2007 and 2008, RBC says
11jun07

Two more uranium auctions this week could push uranium spot prices higher, after previous sales with bids due on May 30 and June 1 helped drive prices to US$135 per pound at Ux Consulting and US$138 at TradeTech.

Higher demand continues to be cited as the explanation for the near doubling of uranium prices this year, as the nuclear fuel continues to gain more traction as a clean energy source.

RBC Capital Markets boosted its average demand growth forecast for the metal to 3.8% annually for the next 25 years, up from a previous target of 2.2%, due to plans for more reactors to be built around the world.

“While the reactors will take many years to permit and build, we believe the demand for material could precede reactor commissioning by many years,” RBC analysts said in a research note.

In terms of supply, the firm sees growth of 10% until 2013, up substantially from previous estimates of 3.2%, thanks to the inclusion of new and more speculative production. This is also due to both high demand for uranium and the incentive provided by higher prices.

“We believe the uranium price will continue to remain at levels that are sufficient to justify the continued exploration for, and development of, new mines,” RBC said, adding that the uranium market is expected to be in a deficit position in 2007 and 2008. The is when prices are expected to peak.

More balance should come between 2009 and 2011, while 2012 and 2013 could see small surpluses.

However, RBC thinks these surpluses could be quickly snatched up by consumers or nations like India and China, which is why a severe deficit could occur after 2015.

Jonathan Ratner

http://communities.canada.com/nationalpost/blogs/tradingdesk…

[ambrosio]

Bericht aus dem ROHSTOFF-DAILY vom 12jun07

Warum der Uran (U308) Future kein Indikator für die steigende Nachfrage istvon Miriam Kraus

Liebe Leser,

hatten Sie auch schon einmal den Wunsch sich im Vorgarten einen Bleibehälter zu bauen, um darin Uran aufzubewahren?!

Gut, vielleicht nicht gleich im eigenen Vorgarten, denken Sie jetzt möglicherweise, aber an dieser Preisentwicklung hätte ich doch zu gerne partizipiert.

Vielleicht denken Sie jetzt auch: Ich brauche keinen Bleibehälter, schließlich gibt’s ja U308 Futures an der NYMEX, die gegenwärtig im Januar 08 Future bei 152 US Dollar pro Pfund notieren. Obgleich der Spotmarktpreis sich wieder auf 135 US Dollar korrigiert hat.

Die Future Konstellation

Eigentlich werden an Rohstoff – Terminbörsen Waren gehandelt, die irgendwann einmal zur Auslieferung kommen. Wenn Sie sich an der CBOT einen Weizenkontrakt zulegen und diesen nicht in den Folgemonat rollen, wird ihnen die komplette Menge angeliefert.

Dieses Vorgehen hat auch einen Grund. Denn in erster Linie dienten die Terminkontrakte der Absicherung der Produzenten, ebenso wie der der Abnehmer.

So konnte im konkreten Fall, zum Beispiel ein Farmer die Ernte für das kommende Jahr vorverkaufen um erst einmal genügend Cash zu generieren für die Aussaat dieser kommenden Ernte.

Im Gegenzug konnte der Abnehmer schon im Vorfeld die Garantie auf Lieferung im nächsten Jahr kaufen.

Der Handel mit U308 Futures an der NYMEX wirkt dagegen im Vergleich irreal. Denn die Uranfutures sind nun einmal nicht physisch unterlegt.

Sie können folglich so viele Futures kaufen wie Sie möchten, Sie werden trotz allem nicht das Recht an der Nutzung des zugrundeliegenden Rohstoffs erwerben.

Vergessen Sie also den Bau eines Bleibehälters im Vorgarten, ebenso wie die Idee zum Bau eigener Atomwaffen, aber auch die Möglichkeit des Verkaufs ihrer Futures an das nächstgelegene AKW.

Und gerade dies ist der springende Punkt...

Wenn der Future nicht real unterlegt ist, hat der Verbraucher auch keinen Grund diesen zu erwerben. Es handelt sich folglich um ein rein spekulatives Geschäft, welches eventuell lediglich dem Nutzen dienen soll die Preisentwicklung noch weiter voran zu treiben.

Die NYMEX selbst betrachtet die Futurepreise als Benchmark für die realen Preise.

Folglich müssten die Futurepreise sich an den Spotmarktpreisen anpassen. Wenn aber die Futurepreise spekulativ nach oben gespült werden, so gibt diese Entwicklung – und das ist der springende Punkt – nicht die reale Nachfragesteigerung wieder.

Mit anderen Worten: Durch die Futures entsteht keine zusätzliche Nachfrage nach Uranoxid.

Hedgefonds erzeugen eine künstliche Nachfragesteigerung
Wenn Sie eine Investmentgruppe oder ein Hedgefonds sind, sieht das Ganze natürlich etwas anders aus.

Dann haben Sie vielleicht Uran auf dem Spotmarkt gekauft und warten jetzt wie Süskinds Grenouille in ihrer Höhle auf den großen Auftritt, während Sie sich an ihren Dufterinnerungen an ihr irgendwo gelagertes Uran berauschen.

Geht das, fragen Sie sich?! Ja, das geht! Es gibt tatsächlich Hedgefonds die Uran in schwer bewachten Bleibehältern aufbewahren. In Oregon hält der Hedgefonds Adit ein solches Depot, mit einem geschätzten Volumen von 900 Tonnen.

Doch die meisten der Investmentgruppen erkaufen sich offenbar nur das Anrecht auf das begehrte Metall und überlassen die Einlagerung dem Produzenten.

Schätzungen zufolge dürften aufgrund von Hedgefondskäufen in den vergangenen zwei Jahren rund 12 bis 15 Millionen Pfund über die Theke und von dort aus nirgendwo mehr hingegangen sein.

Mit anderen Worten, haben die Hedgefonds in der letzten Zeit regen Anteil an der sowieso schon bestehenden Angebotsverknappung gehabt.

Warum ist das Angebot an Uran so gering?

Warum das Angebot an Uran gegenwärtig so gering ist!

Uran ist ein Spurenelement, welches mit 4mg/kg in der Erdkruste und einer durchschnittlichen Konzentration von 3,3 Mikrogramm pro Liter im Meerwasser eigentlich recht häufig vorkommt.

Das Problem ist der wirtschaftlich rentable Abbau!

Bei Gewinnnungskosten von bis zu 130 US Dollar pro kg Natururan liegen die bekannten Reserven zwischen 1,7 und 9,4 Millionen Tonnen.

Was die Produzenten benötigen...

sind folglich konstant hohe Preise um teurere Abbaumethoden überhaupt erst einmal rentabel zu machen.

Dass die Produzenten offenbar nur auf steigende Preise warten zeigt sich in ihrer gegenwärtigen Taktik. Anstatt neue Vorkommen zu explorieren, haben sie damit angefangen sich gegenseitig zu übernehmen: Aflease kaufte Uranium Southern Cross und formierte SXR Uranium One, um erst kürzlich wieder mit UrAsia zu fusionieren. Denison Mines ging mit International Uranium zusammen und Paladin erwarb Valhalla Uranium.

Die Exploration überlassen sie statt dessen den, wie Pilze aus dem Boden schießenden, Junior Explorern, von denen die Hälfte vermutlich genau so schnell wieder verschwinden wird.

Angebot und Nachfrage
Gegenwärtig liegt die weltweite Nachfrage nach Uran durch die 436 Kernreaktoren bei 68 000 Tonnen pro Jahr. Und die Nachfrage wird noch steigen. Allein China hat das ehrgeizige Ziel einmal 100 Reaktoren am Netz zu haben.

Man geht davon aus, dass ab 2010 pro Jahr etwa 10 neue Reaktoren ihren Dienst antreten. Wir haben also noch ein wenig Luft, könnte man sich denken. Doch das Gegenteil ist der Fall. Neue Reaktoren benötigen eine Anfangsladung von mindestens 1 Million Pfund Uran, bevor sie überhaupt in Produktion gehen können. Die Zeit in der der Reaktor auf seinen Dienstantritt vorbereitet wird beträgt etwa 2 – 3 Jahre. Die Reaktoren die 2010 ans Netz wollen, müssen also schon jetzt anfangen Uran zu kaufen.

Die Angebotsseite dagegen sieht äußerst knapp aus. Gegenwärtig produzieren die Minen weltweit etwa 43 000 Tonnen pro Jahr.

Die Differenz wird aus Lagerbeständen und recycelten Atomwaffen, hier allen voran russischer Herkunft ausgeglichen.

Aber im Jahre 2012 läuft der Vertrag über die Zerlegung der russischen Kernwaffen aus. Überdies ist Herr Putin inzwischen auch gar nicht mehr so glücklich über die „einseitige“ russische Abrüstung. Es ist daher sehr unwahrscheinlich, dass die Russen diesen Vertrag verlängern werden. Im Gegenteil, Putin- und mit großer Wahrscheinlichkeit auch sein Nachfolger- versuchen die alte Stärke des russischen Bären wieder herzustellen und der Welt ein Grinsen mit Zähnen zu offerieren. Da liegt eine Aufrüstung näher als eine Abrüstung.

Fazit

Nachdem mit Cigar Lake der Traum einer weiteren gegenwärtig rentablen, „konventionellen“ Mine ertrunken und die Ranger Mine inzwischen halb abgesoffen ist, warten die Produzenten auf nichts sehnlicher als stabil hohe Preise um das Angebot wieder zu vergrößern.
Die Future Kontrakte spielen dagegen das Spiel nach anderen Regeln und könnten einer der größten Gefahrenfaktoren für eine anstehende Blasenbildung sein.

So long liebe Leser...was halten Sie davon, wenn wir uns alle zusammenschließen, den Rohstoff Daily Hedgefonds bilden und uns ein bisschen Uran kaufen ?!... ;-)

Ihre Miriam Kraus

http://by134w.bay134.mail.live.com/mail/ReadMessageLight.asp…

[ambrosio]

Uranium: Past, Present and Future
By Jackie Steinitz
12 Jun 2007 at 02:07 PM GMT-04:00

Interessantes Interview mit Steve Kidd, Director of Research and Strategy der World Nuclear Associat

http://www.resourceinvestor.com/pebble.asp?relid=32887

[ambrosio]

Handel an der ASX
14jun07

Volumen: 351 434
Kauf: 255 733
Verkauf: 95 701
Kurs:0,415
+1,22%

[ambrosio]

Handel an der ASX
15jun07

Volumen: 204 589
Kauf: 154 262
Verkauf: 50 327
Kurs: 0,43
+3,6%

[ambrosio]

Etwas zum Beobachten!
D`AGUILAR GOLD
WKN:812805
ASX-KürzelGR
http://www.daguilar.com.au/

[ambrosio]

Antwort auf Beitrag Nr.: 29.934.355 von ambrosio am 15.06.07 09:40:05

ASX-Kürzel: DGR

[ambrosio]

Handel an der ASX
18jun07

Volumen:401 916
Kauf:312 844
Verkauf:89 072
+16,3%

[ambrosio]

Uranium: The great spot market debate
18jun07

Last week was relatively quiet in the spot uranium market, with a 200,000 pound purchase by a non-U.S. buyer for delivery this month representing the only transaction, according to TradeTech’s Nuclear Market Review. However, market watchers await the results from two auctions, with the TradeTech’s spot price indicator at US$138 per pound of U308, the most common form of uranium. The long-term price indicator is at US$95 per pound.

With spot prices more than doubling in the past year, many have asked whether they reflect the true state of the market.

Uranium is much like other highly traded metals like nickel, copper, aluminum and zinc, in that spot prices accurately reflect fundamentals of the spot market, TradeTech said in its weekly report.

“Why should the spot price ever reflect the supply-demand balance in the long-term? It doesn’t in any other market, so why should uranium be so special?”

The short-term dynamics of the uranium market are best applied to the short-term market, not the long-term supply-demand picture, it added.

http://communities.canada.com/nationalpost/blogs/tradingdesk…

[ambrosio]

Handel an der ASX
19jun07

Volumen:312 246
Kauf:119 220
Verkauf: 193 026
-5%

[ambrosio]

Aktuelles ERO-Update

Auf ABMINGA wurden 2000km der "airborne electromagnetic surveys" (AEM) geflogen, 6000km sind noch ausständig. Dies wird noch 4 bis 5 Wochen beanspruchen. Danach werden die 4000km AEM auf BILLA KALINA geflogen.
Die zwei Tiefenbohrungen auf BILLA KALINA sollten in 4 Wochen abgeschlossen sein (abhängig von Bohrtiefe und Produktivität des Bohrgerätes).
Die tratitionellen Besitzer von MARREE sind zur Zeit vor Ort und beurteilen, ob die Gebiete, die von ERO für weitere Exploration vorgesehen sind, auch durchgeführt werden dürfen. ERO hofft, dass ein positiver Bericht weitere Exploration ab Mitte Juli möglich macht.

http://sa.iguana2.com/cache/e1d5539f63917a283fd8bdb4cd0b161e…

[ambrosio]

Handel an der ASX
20jun07

Volumen: 467 000
Kauf: 160 350
Verkauf: 306 650
Kurs: 49A$
+3,2%

[ambrosio]

Kurs von 49A$ wäre nicht schlecht!

Kurs: 0,49A$

[ambrosio]

Uranium May Rise to $200 in Year Before Falling, Investec Says
By Antony Sguazzin

June 20 (Bloomberg) -- Uranium prices may rise to $200 a pound within the next year because of a shortage of the nuclear material, Investec Securities said.

The metal, currently trading at $138 a pound, may average $160 a pound in 2009 before declining to an average of $50 a pound from 2013, Leon Esterhuizen, a Johannesburg-based analyst at Investec, wrote in the report yesterday that was obtained by Bloomberg. Esterhuizen declined to comment on the report when called on his mobile phone.

There is ``a possibility of a significant price rise on the back of a known and increasing market deficit, followed by a supply-side response bringing the market back to balance within the next five years,'' Esterhuizen wrote.

Uranium has risen more than fourfold in the past two years as supply strains to keep pace with demand from power companies.

[ambrosio]

Russia wants our uranium
June 17, 2007 12:15am

AUSTRALIA is about to strike a controversial nuclear deal with Russia.

Uranium from Australian mines could be powering Russian nuclear plants by the end of the year.
The Howard Government is close to finalising a nuclear treaty with Vladimir Putin's regime to allow exports of Australian yellowcake and possibly enriched uranium.

The Opposition also claims the Government has plans to accept overseas nuclear waste.

John Carlson, head of the federal Australian Safeguards and Non-Proliferation Office, said the bilateral treaty could be finalised by September.

"The timetable for September is very tight but I believe we can do it," Mr Carlson told a Russian news agency.

Opposition environment spokesman Peter Garrett said the treaty with Russia raised doubts about where the government's uranium policy was heading.

"We need to know what discussions and commitments were given to Russian officials concerning Australia being used as a dumping ground for the world's nuclear waste," Mr Garrett said.

http://www.news.com.au/adelaidenow/story/0,22606,21918499-91…

[ambrosio]

Handel an der ASX
21jun07

Volumen: 213 000
Kauf: 118 000
Verkauf: 95 000
Kurs: 0,49A$
+/-0%

[ambrosio]

Uranium: Up $1.00
June 20th, 2007
All that anxious waiting and nail biting and uranium puts on a buck!

According to UXC Consulting their revised spot price now stands at $136/lb. However over at TradeTech they are still showing uranium at $138/lb. It seems to us that there is an opportunity here to buy from one organisation and sell to the other, but I suppose they are aware of their differing prices.

The good thing about UXC’s spot price is that it has not dropped by $10.00 or so, which would bring out the dancing bears who have been wrong all the way up and would no doubt rejoice in the reversal in the uranium price.

A quick look at the market and we can see a fair amount of green on the screen in Toronto with Laramide up 4% so far today. UraMin is up 1.3% so far today so will observe the action or lack of it for now.

Have a good one.

http://www.uranium-stocks.net/uranium-up-100/

[ambrosio]

Australia should be open to selling uranium to India: Expert
21 Jun, 2007

SYDNEY: Australia should keep its options open for selling uranium to India and not link any such sales to New Delhi signing the Nuclear Non-Proliferation Treaty (NPT), a leading Australian security expert said.

Rory Medcalf, Programme Director of International Security at the Lowy Institute for International Policy, an independent think-tank based here, said Australia could capitalise on India's rising energy demand fuelled by all round economic growth.

"Energy needs is the critical issue in India's strategic interests. A uranium supply relationship could make Australia indispensable to the rise of India," he said on Wednesday.

However, he emphasised that achieving this relationship will not be straightforward.

"For a start, it would need the US-India nuclear pact to be sealed and this may take a few years. The deal would ....

http://timesofindia.indiatimes.com/World/Rest_of_World/Austr…

[ambrosio]

Handel an der ASX
22jun07

Volumen: 581 237
Kauf: 270 850
Verkauf: 310 387
Kurs: 0,455A$
-7,1%

[ambrosio]

Handel an der ASX
25jun07

Volumen: 133 120
Kauf: 62 930
Verkauf: 70 190
Kurs: 0,44A$
-3,3%

[ambrosio]

SOUTHERN CROSS EQUITITIES REPORT
Australian broker sees longevity in high spot uranium priceA report just released by Sydney-based Southern Cross Equities believes that, despite market scepticism, the uranium price will remain robust for four to five years.

Author: Ross Louthean
Posted: Monday , 25 Jun 2007

PERTH -

With strong support from governments the uranium market and its key players will provide "real investment opportunities and long-term outperformance."

A study by Southern Cross Equities on the uranium market ....

http://www.minewebaustralia.com/mineweb/view/mineweb/en/page…

[ambrosio]

Handel an der ASX
26jun07

Volumen: 503 029
Kauf: 34 150
Verkauf: 468 879
Kurs:0,42A$
-4,5%

[ambrosio]

Uranium Sealed Bids Auctions: No Deal!
June 25th, 2007

A quote from the Nuclear Market Review reported in this week’s issue:

“Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time. “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months out.”

This statement is interesting and infuriating at the same time. Did the sellers back off because they wanted a June delivery as stated or did the bid price not meet their expectations? What were their expectations; $140? $150? $160? It brings into the spotlight the difference between ‘Stated Aims’ and ‘Real Aims’ the stated aim is a delivery issue and the real aim could be anything, that we the investors are not privy to, but we tend to think that it is a price issue. Opinions on a post card please! We have no wish to discredit the sellers in any way but the news has been slow to come out and on a ‘gut feel only’ basis it just does not feel right.

It is difficult to evaluate this almost non-event of a situation so we can only wait for the next auction to come along and give us an indication as to the spot price of uranium. The futures market is there as a guide but it is early days for the NYMEX, no doubt it will develop over time and become a useful indicator. According to Stock interview the current prices are June $136/lb, July $140/lb and December 2007 $154/lb.

The decision not to sell however is indicative of the power residing in the hands of the sellers and that they are able to negotiate from a position of strength being able to reject offers in the hope of receiving higher offers at a later date. This story will continue to roll with news, rumours, head fakes, et al, however we are still of the opinion that the demand for nuclear fuel has not disappeared and uranium will hit our long held prediction of $200/lb.

Have a good one.

http://www.uranium-stocks.net/uranium-sealed-bids-auctions-n…

[ambrosio]

Handel an der ASX
27jun07

Volumen: 340 992
Kauf: 102 223
Verkauf: 238 769
Kurs: 0,40A$
-4,8%

[ambrosio]

Auszug aus dem Exploration Update von MAXIMUS RESOURCES (MXR)
28jun07

BILLA KALINA JOINT VENTURE PROJECT
SOUTH AUSTRALIA
Maximus diluting to 50%

Joint venture partner and operator, Eromanga Uranium Limited (ERO), has announced that drilling of the gravity feature considered prospective for Olympic Dam style copper-gold-uranium mineralisation at Billa Kalina is underway (Figure 1). Precollar mud drilling has reached 100 metres depth and is continuing.


EROMANGA BASIN JOINT VENTURE PROJECT
SOUTH AUSTRALIA
Maximus diluting to 30%

Joint venture partner and operator, ERO, has informed Maximus that a helicopter-borne electromagnetic survey of the Abminga project area to locate palaeochannels considered prospective for sandstone hosted uranium is proceeding well (Figure 1). Approximately 40% of the 8000 square kilometre survey area has been completed and the remainder will be completed in July.
ERO has also informed Maximus that Native Title Heritage clearances have been completed over the Marree project area. ERO is now preparing to commence initial drill testing of the uranium-prospective palaeochannels delineated by the previously completed Marree helicopter-borne electromagnetic survey.

http://sa.iguana2.com/cache/0e68b0d57c677abf8b5913b9c3f9c08d…

[ambrosio]

Handel an der ASX
28jun07

Volumen: 317 032
Kauf: 179 832
Verkauf: 137 200
Kurs: 0,415
+3,8%

[ambrosio]

Handel an der ASX
29jun07

Volumen: 216 600
Kauf: 81 400
Verkauf: 135 200
Kurs: 0,435
+4,8%

[ambrosio]

Higher and higher for uranium--------------------------------------------------------------------------------
Friday, 29 June 2007
Rebecca Lawson

THE spot price of uranium is still heading upwards and could reach a high of $US165 per pound by September, Resource Capital Research says.

Contrary to reports the uranium price is showing weakness, the equity research company said in its June quarterly report that "forward indicators continue to suggest a strengthening outlook for the uranium price".

The company said the near-term outlook indicates the spot price of the metal is headed towards $148/lb and could reach $165/lb by September, an increase of 19.6% from its current spot price.

The figures are revised forecasts from its March quarterly report, which indicated an expected uranium price of $125/lb in May and $140/lb by late this year.

Currently the spot price of uranium is at $138/lb, up 45% from three months ago and a jump of 111% from $65/lb six months ago.

RCR said the market valuation of 143 Australian uranium juniors was up 5% over the past month and up 175% over the last 12 months when compared to Canadian uranium juniors, which have been down 1% over the past month and up 75% over the past year.

Taking a look at the big end of town, RCR said the uranium majors have had variable performances over the past three months with Canadian giant Cameco up 22% and bidder for OmegaCorp Denison Mines up 4% while among Australian majors Energy Resources Australia was down 18% and Paladin dipped 2%.

With all the talk over greenhouse gas emissions and the environment, RCR noted an increase in planned and proposed nuclear power reactors worldwide from January to May this year to 256 reactors, an increase of 15%.

The main countries building more reactors are China, Russia, Ukraine and the US.

RCR focuses on over 300 small and mid-size resource companies and its June quarterly report covers 23 global uranium exploration and development companies with a focus on Australia, Canada, the US and UK.

[ambrosio]

Handel an der ASX
02jul07

Volumen: 164 500
Kauf: 68 500
Verkauf: 96 000
Kurs 0,43A$
-1,1%

[ambrosio]

Handel an der ASX
03jul07

Volumen: 96 190
Kauf: 55 271
Verkauf: 40 919
Kurs: 0,425A$
-1,2%

[ambrosio]

At Last The Uranium Spot Price Declines - $3
July 2nd, 2007

Uranium Prices having been rising for 47 consecutive months and so it was only a matter of time before the price experienced a tick down.

But should this be treated in a negative way for uranium bulls?

We think not. The fact is that the uranium price only fell $3, from $138 to $135 per pound, a very small decrease. Also, although TradeTech’s indicator has fallen, the uranium spot price at UXC has not. When TradeTech raised its indicator to $138/lb UXC only raised their price to $135, and it now stands at $136. Therefore this decline may have been the result of a overestimation of the uranium spot price. However, that aside a decline in prices had to come sooner or later and a consolidation was to be expected.

This could present another great buying opportunity, if uranium stocks open down today. However, uranium stocks, still haven’t caught up with $80/lb uranium prices, let alone the three figure U3O8 price at the moment. Therefore even if the uranium price doesn’t rise much more in the coming months, the stocks have to catch up with their underlying commodity which has soared.

We are seeing the transformation of a commodity. As more and more countries want to build nuclear power plants and buy uranium, the uranium industry is growing. If we look at other fuels such as oil and gas, the price goes up and down all day long. Uranium has been unique as prices are set each week and there is not much trade compared with other commodities. As this uranium bull market continues, there will be more fluctuations in price as trading volume increases. Therefore we are seeing uranium change from a rarely traded, hardly known about almost “secret” commodity, to a worldwide fuel, that will change in price much more frequently so we can expect more down ticks as well as up ticks.

The fundamentals for uranium remain the same and we remain very bullish on uranium stock maintaining our price target of $200/lb for uranium that we have held for a long time and have published since this website was launched.

http://www.uranium-stocks.net/at-last-the-uranium-spot-price…

[ambrosio]

Stocks hit as uranium's bull run slows
Wednesday, 4 July 2007
Rebecca Lawson

THE price of uranium has fallen for the first time in nearly four years according to uranium specialist TradeTech, ending a stellar rise during which its value increased almost 13-fold.

TradeTech's weekly Nuclear Market review reported the spot price of uranium fell $US3 to $135 per pound last week.

The last time uranium prices fell was in May 2003, the uranium specialist said.

Over the past 47 months, the metal's price has risen nearly 13-fold to a record high of $138/lb, driven by decreased supply and speculation by investment funds.

"After months of tight supply, rising spot prices, and intense bidding for material, buying interest has waned considerably and the market now sees increasing interest on the part of sellers to move material," TradeTech said.

Speaking to MiningNews.net Fat Prophets analyst Gavin Wendt called the price drop an adjustment and said there was no real cause for concern.

"I don't think the underlying trend has altered to any degree, the overall trend is still onwards and upwards," Wendt said.

"The fundamentals haven't changed, supply is still restricted and demand is still extremely high.

"Purchases [of uranium] have probably just dropped off a little bit."

Toro Energy managing director Greg Hall put the drop down to the summer holidays in the US, traditionally home to the biggest spot uranium buyers.

"It's pretty standard that it happens around this time of year excluding the past couple of years," Hall said.

The appetite for uranium floats listing on the Australian Stock Exchange is waning according to Wendt, who said the modest debuts of recent uranium floats – compared to premiums experienced by past listings – could be a signal.

Wendt said that while there was an appetite for uranium stocks' initial public offers, which are usually oversubscribed, that was not necessarily translating to the marketplace with investors usually selling the stock on its first day.

"Eventually steam runs out of these things and the bubble will eventually burst," Wendt said.

The latest uranium hopefuls have not made the same dramatic debuts on the Australian Securities Exchange as those that listed following the flooding of Cameco's Cigar Lake project in October, which effectively removed 10% of the market's projected uranium supply.

Uranoz and Uramet Minerals debuted over the past two weeks; Uranoz on par with its issue price and Uramet at only a slight premium.

In contrast, in recent months Alara Uranium debuted at a 60% premium to its 25c issue price, while Okla Uranium charged onto the ASX and opened at more than triple its 20c issue price of 71.5c.

The lower uranium price hit miners Paladin Resources and Energy Resources of Australia, which fell 3.4% to $7.97 and 2.6% to $18.50 respectively, at time of writing.

Other uranium stocks dropped around 5%, with Uran falling 5.6% to 34c, OmegaCorp dipping 5.4% to $1.22 and Northern Uranium shedding 5.3% to $1.08.

Hampton Hill Mining was oblivious to the fall, climbing 15.4% to 30c while Crossland – which debuted in April at a 136% premium – saw its shares increase by 6.1% to 35c.

[ambrosio]

Handel an der ASX
04jul07

Volumen: 322 493
Kauf: 252 372
Verkauf: 70 121
Kurs: 0,455A$
+7,1%

[ambrosio]

Handel an der ASX
05jul07

Volumen: 133 715
Kauf: 40 000
Verkauf: 93 715
Kurs:0,455A$
+-0%

[ambrosio]

Auszug aus dem Explorationsupdate von Maximus Resources
06jul07

BILLA KALINA JOINT VENTURE PROJECT
SOUTH AUSTRALIA
Maximus diluting to 50%
Joint venture partner and operator, Eromanga Uranium
Limited (ERO), has advised that drilling of the gravity
feature considered prospective for Olympic Dam style
copper-gold-uranium mineralisation at Billa Kalina is
continuing in core drilling. The first of two planned
holes is now at more than 224 metres depth with the
target zone being anticipated at over 400 metres in
depth.

[ambrosio]

Handel an der ASX
06jul07

Volumen: 30 000
Kauf:5 529
Verkauf: 24 471
Kurs: 0,445A$
-2,2%

[ambrosio]

New Report: We need 3000 New Nuclear Reactors
July 5th, 2007


A new report says that the world needs to build 3000 new nuclear reactors, that’s one every week for the next 60 years, to combat global warming.

A report by the Oxford Research Group says that although worldwide electricity demand is expected to increase by 50% in the next 25 years, only 25 new reactors are being built at the moment, with 76 planned and 162 proposed.

Well, one reactor every week for the next 60 years is enough to be getting on with, but what if we need the nuclear power sooner, to match the 50% increase in demand in the next 25 years. What if we needed to build the number needed in a much smaller time frame, say 20 years? Well, then we would need to build 3 new reactors every single week! The highest rate of nuclear reactor building in history is 3.4 reactors each year.

This report concluded that such a rate of building was unfeasible, but we disagree. Many top economists said the the double digit economic growth in China was unsustainable, but China continues to grow at that rate today, building a new coal power station every weak in a desperate attempt to keep pace with industrial demand. However China will have to add nuclear to its list of plants to build, in light of the fact that nearly a million people die every year in China from air pollution. Indeed throughout the history of nuclear technology, many people, even experts have doubted it. Admiral William Leahy told US President Truman that “the atom bomb would never go off” and the project was “the biggest fool thing we have ever done” in 1945 before they were dropped on Hiroshima and Nagasaki. So the fact that “experts” doubt this does not discourage us, human beings can accomplish remarkable things when they put their minds to it.

An additional 3000 nuclear reactors represents a increase of 700% in nuclear power and that means a big increase in the demand for uranium. Although reactors may become more efficient, particularly as we develop breeder reactors, this vast increase in the nuclear industry will still represent a massive increase in the demand for uranium, especially in the short term as new plants need 2 – 3 years of supply of uranium to start up. This of course is positive news for uranium prices and uranium stocks.

http://www.uranium-stocks.net/new-report-we-need-3000-new-nu…

[ambrosio]

Handel an de ASX
09jul07

Volumen: 91 251
Kauf: 0
Verkauf: 91 251
Kurs: 0,420A$
-5,6%

[ambrosio]

Home » Uranium Price Declines to $133/lb – But instability increases in Niger
July 8th, 2007

The uranium price fell further this week, down $2 to $133/lb but the show is not over yet.



Although the uranium price is experiencing some short term weakness, the supply and demand scenario remains the same, and with the latest events in Niger, we could be in for yet another uranium supply squeeze.

The flooding at Cigar Lake in Canada and the Ranger mine in Australia, sparked a uranium buying panic. In the short term more catalysts like these will send uranium prices much close to our $200/lb target.

Niger is the world’s fourth largest uranium producer, so any negative impact on its uranium mining industry is going to cause a significant shortfall in uranium supply and therefore if this happens we should be prepared for a swing up in uranium prices.

Evidently disgruntled with China, the Tuareg rebels and other nomadic tribes in Niger, have kidnapped deputy general manager Zhang Guohua of China Nuclear International Uranium (Sino-U). The highly trained military leader of the rebels, Aghaly ag Alambo, is rapidly becoming a hero in Niger’s nomadic tribes who control the north, coincidently where the world’s seventh and eight largest uranium mines are, open pit mine Arlit and the underground uranium mine Akouta. The combined production of these mines is nearly 3500 tonnes per year. In April, armed rebels attacked the Akouta uranium mine, part of the AREVA empire and four people were killed.

So why are the rebels attacking the Chinese companies? Well, they claim China is giving arms to the government in order to have access to Niger’s resources, in particular uranium. The government is then using the arms against civilians and so the rebels see China as supplying the corrupt government with the tools to kill the people.

This situation is looking remarkably like the situation in Nigeria with oil, except its in Niger with uranium. Rebels in the Niger Delta in Nigeria have long been attacking foreign companies and their personnel in protest about unfair conditions in the region.

One of the main reasons to switch to nuclear fuel is because it largely comes from politically stable countries, however with this latest incident, that argument is somewhat discredited.

Nonetheless we still think that compared to oil, uranium comes from a lot safer sources and when countries like Australia eventually open up their uranium mining industry, that argument will be re-enforced further.

It remains to be seen if the Niger rebels will be able to seriously disrupt the uranium supply, but we are keeping a close watch on the situation as even a seemingly small incident on one of these large uranium mines, could have big impacts on the uranium price.

Events like these only go further to discouraging investors like ourselves from putting our money into projects in politically unstable areas of the world, which includes nearly all of Africa.


http://www.uranium-stocks.net/uranium-price-declines-to-133l…

[ambrosio]

Einige Berichte zum Uranpreis!

'Uranium can pip $150/lb'
http://www.fin24.co.za/articles/companies/display_article.as…

Uranium shows short term price weakness
http://resourcexinvestor.com/news.php?id=1925

Uranium bull market far from over
http://biz.yahoo.com/seekingalpha/070709/40356_id.html?.v=1

Spot uranium price drops, but Niger rebels pressure miners
http://biz.yahoo.com/seekingalpha/070709/40442_id.html?.v=1

[ambrosio]

Handel an der ASX
10jul07

Volumen: 315 314
Kauf: 154 965
Verkauf: 160 349
Kurs: 0,395A$
-6%

[ambrosio]

10jul07 13:22
ASIA
Nuclear race is on in Asia

Ever more Asian states are building nuclear plants to have low cost, clean energy. But critics object to the risk of accidents, the danger that many may also have military technology and the possibility that plants may be targeted by terrorist groups.


Beijing (AsiaNews/Agencies) – The nuclear race is Asia is well and truly on. A study has revealed that 17 of the 28 nuclear power plants under construction around the world are in Asia. All the states have declared that their nuclear programmes are for civilian purposes. Asia’s two giants, India and China are constantly on the lookout for the energy necessary to fuel their rapid development and even Japan, the world’s third largest home to nuclear plants after the United States and France, has declared that it will boost generation of power from nuclear sources from 30 to 40 percent in the next 10 years.


South Korea has already announced that it will increase its number of nuclear power plants. Vietnam has decided to install two nuclear reactors in the coming decade. Thailand is conducting research for nuclear power with the aim of having a plant operational by 2020. Malaysia has not excluded the nuclear-energy option in the near future. Indonesia is planning to start building its first nuclear power plant by 2010 and, with the help of South Korea and Australia (which already holds 40 per cent of world uranium deposits) to produce at least 17% of the national energy supply.


And the “cases” of Iran and North Korea should not be forgotten. Teheran, rich in oil and gas which it does not exploit, has declared that it is developing nuclear technology for civilian purposes, despite opposition from many parties that fear military development. Pyongyang, where people are dying of hunger, has for long years stated its intention to develop nuclear arms “for self-defence”.


The choice hinges on the growing demand for low cost energy and on pollution problems. The rapid increase in oil prices, growing competition for energy sources, fear that these natural resources may die out and political instability in the Middle East, all point to the advisability of taking up the nuclear option. Coal-fired and oil-fuelled energy plants result in highly polluting emissions into the atmosphere. Hong Kong is debating whether or not to construct a nuclear plant precisely to reduce air pollution.


Critics object to the risk of disasters, like the blast at the Soviet power station of Chernobyl in 1986 and the danger that nuclear technology may also be used for military purposes. Moreover, they note that the development of the necessary technology is long-term and expensive, and that in countries like Indonesia, plants could become prime targets for extremist Muslim groups.

http://www.asianews.it/index.php?l=en&art=9781&size=A

[ambrosio]

Handel an der ASX
11jul07

Volumen: 173 013
Kauf: 77 000
Verkauf: 96 013
Kurs: 0,385A$
-2,5%


Weiteres

Chinese Uranium Company Pulls Out of Niger
July 10th, 2007
The China Nuclear Engineering and Construction Corporation (CNEC), today pulled out of Niger and shut down its uranium prospecting operations after receiving threats from the Tuareg rebels.



Apparently, All the Chinese have left the site and arrived at Ingall (100 km south of Agadez) with their prospecting equipment and a major military escort.

This pullout comes shortly after a Chinese national was kidnapped on Friday by the rebel movement. The movement, called the Movement of Niger People for Justice has called for an immediate end to all mining in the North of Niger and claims that “No foreigner will be safe” until their demands are met.

We do not know who is “right” and who is “wrong” in these conflicts and it is not our policy to take sides. However we do not see how shutting down mining operations will help Niger as a country. No mining means no companies making money, which means no taxes being paid, which means no money for the people of Niger. Also, these violent actions by the rebels discourage investment in the country and so its economy will struggle to prosper. We do not invest in areas like Niger exclusively for this reason, political uncertainty makes investors nervous and so many refuse to put their hard earned cash into such places.

No matter how great the project may be, we simply do not think it is worth risking our money in unstable regions of the world. In fact, if the story is spectacular, then that is even less reason to put your money into it as it will just be more tempting for government to nationalise or rebels to targets.

Stick to politically “safe” countries and you take a great deal of risk out of your investment.

http://www.uranium-stocks.net/chinese-uranium-company-pulls-…

Nach Berichten der letzten Tage und dem jetzigen Abzug der Chinesen aus NIGER kann dies einen Anstieg des Uranpreises bedeuten.
Gemäß Bericht im Posting 98 ist NIGER der fünftgrößte Uranproduzent.
Im Norden NIGERs, wo die Rebellen aktiv sind, befinden sich die siebend- und achtgrößte Uranmine der Welt, die nach dem Abzug der Chinesen vermutlich geschlossen wurden.

[ambrosio]

Exploration wird ausgeweitet.

Explorationsupdate läßt in den nächsten Monate einige News erwarten.

http://sa.iguana2.com/cache/655e6efd10e179e4290f51f4ca44ccbb…

[ambrosio]

Handel an der ASX
12jul07

Volumen: 311 822
Kauf: 229 000
Verkauf: 82 822
Kurs: 0,420A$
+9,1%

[ambrosio]

Aus dem Explorationsupdate von heute Morgen

MARREE

Am Montag, 16jul07, wird auf MARREE mit Probebohrungen begonnen.
Das Bohrprogramm wird mindestens vier Wochen in Anspruch nehmen. Dieses erste Bohrprogramm wird ungefähr 50 Löcher umfassen und soll die außergewöhnlichen Ergebnisse der im Vorjahr durchgeführten "airborne electromagnetic survey" (AEM) prüfen.

BILLA KALINA

Mit der ersten von zwei Probebohrungen hat man eine Tiefe von 270m erreicht. Diese wird bis auf 500m fortgeführt.
Um den 01aug07 soll das Gerät für die weitere AEM von ABMINGA nach BILLA KALINA verlegt werden. Hier werden dann die 4000km AEM geflogen.

ABMINGA

In den letzten drei Wochen wurden bei der AEM hervorragende Fortschritte erzielt, sodass mit 11jul07 über 6100km der AEM abgeschlossen werden konnten.
Das sind 75% der geplanten Untersuchung und man hofft, das diese in den nächsten 7 bis 10 Tagen abgeschlossen werden kann.
Die Auswertung der AEM erfolgt mit den ERO-eigenen Systemen, mit denen auch schon die AEM von MARREE ausgewertet wurde.
Auf Grund der geologischen Analysen des ABMINGA-Gebietes hat ERO zwei weitere Explorationslizenzen beantragt. Diese beantragten Lizenzen würden zu 100% von ERO gehalten.

[ambrosio]

Cameco's flooded mine may not open until 2011
July 12, 2007 | 9:56 AM ET


Cameco Corp. verlautbarte, dass ihre Cigar Lake Uraniummine (hier wollte man 2008 mit dem Uranabbau beginnen) vermutlich nicht vor 2011 in Produktion gehen wird.
Cameco Corp. hoffte den Betrieb in der überflutete Mine bis 2010 aufnehmen zu können.

http://www.cbc.ca/money/story/2007/07/12/cameco-cigar.html

Diese Nachricht wird den Uranpreis nicht gerade sinken lassen!

[ambrosio]

More Trouble for Cameco at Cigar Lake
July 12th, 2007
Cameco is in more trouble at Cigar Lake as they have announced that the mine will not be online until 2011.



According to the news release by Cameco, more flooding and dewatering issues have further hampered the world’s largest undeveloped uranium project.

Cigar Lake was supposed to produce 9 million pounds of U3O8 annually with its originally estimated proven reserves of 113 million pounds. The project is a joint venture owned by Cameco, Areva Resources Canada, Idemitsu Canada Resources, and TEPCO Resources.

Taking Cigar Lake out of the uranium market is like taking Saudi Arabia out of the oil market. It creates a devastating supply squeeze that could push the uranium price and so uranium shares to extreme heights.

We are of the opinion that Cameco don’t actually know the problem at the project. They have to find out what the problem is before they can even contemplate fixing it. At the moment their tactics are appear to be on a “hit and miss basis” with the company trying all sorts of strategies that are to no avail.

Cameco COO Tim Gitzel said that they were “making steady progress in bringing the project into production”. Well this latest release sounds nothing like steadily progress to us, it is a step back as it means that Cameco shareholders have to wait another year until Cameco think they can get the project back online…and it might not even come online then.

We are staying out of Cameco and in our smaller uranium stocks, which we believe will be more successful and profitable over the years to come.

http://www.uranium-stocks.net/more-trouble-for-cameco-at-cig…

[ambrosio]

Handel an der ASX
13jul07

Volumen: 118 378
Kauf: 62 000
Verkauf: 56 378
Kurs: 0,420A$
-2,4%

[ambrosio]

Ein weiterer Beitrag zur Uranpreisentwicklung

Uranium Price Confusion: Especially in the US DOE
July 24th, 2007


The two major indicators for the uranium price are TradeTech and UXC, however they do not always agree on the uranium price and so this sometimes leads to some confusion.

However there appears to be a lot more misunderstanding in the US Department of Energy.

TradeTech have the uranium spot price at $129/lb however UXC have their price as $120/lb. This shows that in a thin market such as the uranium market, there can be a great deal of disagreement on what the price actually is. The more important figure to study is the long term price, which stands unchanged at $95/lb despite the recent drop in the uranium spot price.

Although psychologically it can be disheartening watching the spot price fall, we must bear in mind that the long term indicator remains unchanged and long term uranium prices are going much higher than present levels.

However, the more confusing event is that the US Department of Energy is going to sell the equivalent of 520 thousand pounds of U3O8 by auctioning up to 200 metric tons of uranium hexafluoride (UF6). In our opinion, it is illogical to sell your governmental uranium reserves, at a time when uranium is in tight supply and other governments such as China are getting their hands on uranium reserves wherever they can. Presuming the DOE gets roughly the current spot price, the auction will generate about $62,400,000, enough for some politician to buy their re-election no doubt, with no consideration for how the government is going to replace that uranium, or if they will be able to.

Bearing in mind that the uranium price has recently took a small dip, the US government should be buying uranium, not selling it. We believe that it could be the case that the USA will end up trying to buy back this uranium, at higher prices, in the future. The government should be thinking more long term, for the benefit of the people, who need more nuclear power to ensure a secure supply of energy and having uranium is crucial to maintaining that supply.

On a more positive note, this is a relatively small amount of uranium and perhaps the DOE will not continue this pattern of selling crucial, strategic and essential reserves of uranium.

http://www.uranium-stocks.net/uranium-price-confusion-especi…

[ambrosio]

Neues Exloration Update

EROMANGA CONSOLIDATES LANDHOLDING AT THE ABMINGA PROJECT

BILLA KALINA AND MARREE PROJECTS EXPLORATION UPDATE


26 July 2007
The Manager
Companies Announcements Office
Australian Securities Exchange

http://sa.iguana2.com/cache/8201d0d2cffd82c51943b9a8b8006957…

[ambrosio]

Interessanter Bericht aus dem miningnews.net von der Australischen Urankonferenz aus Perth.

Uranium debate over: AUA

Thursday, 26 July 2007

THE head of the Australian Uranium Association has said uranium mining in Australia is a done deal and any debate about the future of the industry was over. .....

http://www.miningnews.net/storyview.asp?storyid=102498§i…

[ambrosio]

Uranium conference in Australia
Fri, 27 Jul 2007 12:17:18


Austrailia has the largest Uranium reserves in the world
As uranium demand has been on the rise globally, a conference on this vital element for producing electricity was held in Fremantle, Australia.

Australian Minister for Industry, Tourism and Resources, Ian Macfarlane, said that his country has increased the uranium production capacity in response to the higher global demand.

Macfarlane added that the Australian government strongly supports the activity of private companies in this regard, according to IRNA reports quoted from NHK.

More than 400 participants from different sections of China's natural resources' development, and a number of experts from other countries also attended the two-day conference.

Australia has very large uranium reserves, of which over 90 percent has so far been left untouched.

The report also indicates the huge Chinese investments in uranium development projects in Australia.

http://www.presstv.ir/detail.aspx?id=17578§ionid=3510204…

[ambrosio]

Quartalsbericht veröffentlicht


Highlights

• Deep drill testing of the Billa Kalina gravity anomaly has commenced with the first of two planned holes currently at a
depth of 496m. This target is considered to be highly prospective for Olympic Dam style iron oxide-copper-gold-uranium
(IOCG) mineralisation.
• After successful completion of an Aboriginal Heritage Site Clearance survey, the first phase of rotary-mud drilling at the
Marree Project is underway with 16 holes, for a total of 2202m completed to-date.
• A very large airborne electromagnetic survey (AEM) covering over 9,000 line/km has been completed at the
Abminga Project and is currently undergoing detailed computer processing.
• Following ongoing geological analysis of the Abminga Project, three additional exploration licence applications
have been lodged by the company over ground considered prospective for both sandstone-hosted uranium and
iron oxide-copper-gold (IOCG) style deposits.
• Eromanga has entered into an agreement with Caldera Resources Pty Ltd designed to consolidate the company’s
strategic land position in the Abminga region.
• As at 30th June 2007 the company held cash of $12.04 million.
• After a very active June Quarter the company is well positioned to continue this momentum with drilling programs to
continue at the Billa Kalina and Marree Projects and major AEM surveys to be undertaken at Billa Kalina in August
and the Kingoonya Project in September 2007.


Gesamter Bericht unter:
http://sa.iguana2.com/cache/64ab7b0d26ae305c0346045e9b4a3ed6…

[ambrosio]

Nuclear Power: The Future
August 1st, 2007


Last Year, the IEA (International Energy Agency) voiced their support for nuclear power as a viable way of meeting carbon emission targets and increasing energy security.

This is something the IEA had not done before and they are not alone as the founder of Greenpeace Sir Patrick Moore, Sir David King, the UK Government’s chief scientist and James Lovelock, inventor of the Gaia theory have also voiced their support for nuclear power.

And of course one must add ourselves to that list of pro nuclear figures along with any readers of our Uranium Stocks Newsletter that support nuclear power.

Nuclear power is the overwhelming obvious option to combat climate change and carbon emissions. The Torness nuclear power plant here in the UK emits about five g/kWh of carbon dioxide. Now a regular combined-cycle gas turbine gives out around 400 g/kWh whereas a UK coal plant emits 900 g/kWh. So nuclear power is 80 times better than gas and 180 times better than gas, simply on carbon dioxide emissions, this doesn’t take into account any other factors like energy security and the fact that fossil fuels are running out.

The French have been the smartest country on the energy playing field, as they have been building nuclear plants since oil boomed roughly 30 years ago, they saw how unstable the oil price was. France gets 80% of its electricity from nuclear plants, and 12% from hyrdo-electricty, so there is no need for young French soldiers to die protecting energy resources in unstable areas of the world. The French power company, EDF, estimates that if the UK replaced all its nuclear power plants with gas power stations, carbon emissions would rise by 7.95 million tonnes a year. This is equivalent to increasing the number of cars of Britain’s roads by 40%, that’s another 10-12 million cars.

Despite the nuclear power shining through as the obvious way to go there are still sceptics. The chief executive of Greenstone Carbon Management, Belinda Howell, thinks that there are several reasons why nuclear power is not environmentally friendly. “Uranium is a non-renewable resource and nuclear fission creates long-lasting radioactive waste. Also, scientists have shown that climate change appears to be moving faster than previously predicted. We need to cut energy demand and emissions within ten years, while nuclear power will only start to come on stream a decade from now.”

Let us take a closer look at that statement. At the moment, we do not know how much uranium there is in the world, so if there is enough to last humans for the next thousand years, is nuclear power not worth a shot? Breeder reactors are getting a lot better and we think there will be a major breakthrough soon, probably when the governments of the world designate a decent proportion of their budget to nuclear research. We cannot argue with the fact that nuclear energy produces dangerous waste, but this waste can be stored for many years and in time science will have found a way to deal with the radioactive waste. If climate change is moving faster than previously predicted then we should be moving fast to build nuclear power plants that we need yesterday. There is no way you are going to cut, curb or even slow down the worlds increasing energy demand. China, India and other up and coming countries are going for a full-scale industrial revolution. Nobody can tell them to turn their lights out or stop the assembly lines, especially western countries as we have had our industrial revolution and we are still living of the benefits. We cannot turn around and tell them to stop theirs. Cutting energy demand is not an option. Cutting emissions is possible with a switch to nuclear power and even if it takes ten years we should start now instead of taking the attitude that it’s too late now so we might as well give up. When nuclear power was discovered, the world should have begun building nuclear power plants in earnest, all over the world. It might take 10 years for newly constructed nuclear power plants to come on stream and start cutting carbon emissions, but the fact is that if we don’t start building nuclear plants now, carbon emissions will not be cut at all. Also, like the majority of nuclear power critics, Belinda Howell has offered no alternative to nuclear power. Why? Because there isn’t one.

People also tend to bring up the terrorist threat, which is a genuine concern, but nuclear power plants are protected against possible attacks. You can fly a jet aeroplane into the wall of a nuclear power plant and the plane will explode but the wall will not be breached in the slightest. It is true that the failed London bombers had plans of Sizewell B, a nuclear plant in Britain, but that does not mean that they were anywhere near being able to launch an attack. The fact that they choose to attack the underground trains may say something about the daunting nuclear power plant security.

There appears to be a bit of a fuss over the recent energy bill passed in the US senate, where a one sentence provision could make builders of new nuclear plants eligible for tens of billions of dollars in government loan guarantees. Why is this so shockingly bad? Let us hope that the US Government does give its nuclear industry the $50 billion loan it needs to carry out a large expansion program. This makes a lot more sense to us than subsidising cotton farmers so they can sell their products to third world countries, where people are starving as they can’t sell their cotton as the American cotton is cheaper due to the subsidies. It also makes more sense than paying farmers to grow crops for bio-fuels, burning food is quite possibly the most ludicrous idea we have ever heard of, and the bio-fuels scandal will be cover in depth in a future article.

We do not understand why some people can still be anti-nuclear with the wall of evidence in its favour and the rapidly growing threat of energy security and climate change. We will try and convince the sceptics that nuclear power is a good idea because the only way we will get governments to move on this issue is to sway public opinion. This isn’t about making boatloads of cash in uranium stocks; this is about stopping a global crisis.

http://www.uranium-stocks.net/nuclear-power-the-future/

[Schnuckelinchen]

Ist hier noch jemand dabei? Angetrieben von der zwischenzeitlichen kleinen "Renaissance" von Uran Titeln bin ich auf diesen Wert gestossen. Hab erstmal einen Handtaschenbestand gekauft, sicher ist sicher

[Popeye82]

[ahtintin]

Antwort auf Beitrag Nr.: 32.318.524 von Schnuckelinchen am 07.11.07 00:35:38

...und ich brüte weiter auf meinem bestand und hoffe es schlüpft irgenwann was großes draus!

[ambrosio]

NEWS

http://sa.iguana2.com/cache/04ec17c6a63fcd5db30af2f16721fb46…

http://sa.iguana2.com/cache/b24ce720709d336b3191db27b381ecc2…

http://sa.iguana2.com/cache/5aa38924cfb55da0383247557c71f63f…

[ambrosio]

QUARTALSBERICHT

http://sa.iguana2.com/cache/5243d3225e7fb9e57a1f4c34cb24b694…

[ambrosio]

Uranium Market Update 07 March 2008

Uranium is now poised for a strong rally according to the Royal Bank of Canada Capital Markets who have told their clients that:

“We think the sentiment of the uranium market has changed substantially in a very short period . . . our 2008 market balance estimate has shifted to a deficit (from a balanced market) and we think the spot market is set for a strong rally”.

Their rationale was predicated on things such as Uranium One reducing production, AngloGold Ashanti warning it may have to declare ‘force majeure’ and Uranium Participation entering the market and purchasing 900,000 pounds on the spot market. Their forecast for 2008 stands at $110/lb which should bring a smile back to the faces of those who have held on through the downturn. They also report that the long term expectation for both the Ux Consulting Company and TradeTech remains at $95/lb. All grist to the mill, to read the article in full just follow this link.

Moving across to LONDON, Reuters carry a report that the British government have made 18 more sites available for the next generation of nuclear power stations. Mr John Hutton, Secretary for business said that:

“Planning applications for new plants are likely to focus on areas in the vicinity of existing sites and so it’s welcome that the NDA is making its significant land and other assets available to the market,”

It looks like a sound move so far but it will be interesting to see how they handle nimbyism (not in my back yard) which will no doubt have a roll to play.

Mr John Hutton also said the government may sell its shares in British Energy, worth around 2.0 billion pounds, however he doesn’t say where he intends to spend this cash. Sadly we can see it being consumed somewhere in the public sector, a town hall extension here, a trip or two to an exotic location or the hiring of a few more enablers and creating other non-jobs. To read this article in full please click this link.

And finally to Denison Mines Corporation. When we reviewed this stock on the 12th February 2008, it was trading at $6.40 and we were hoping to pick it up at about $6.00, however it moved faster than we did and is now trading at $8.81. If you managed to bag a few then well done you must be sitting on a canny profit by now and in a short time too! Denison may come off a little from here but don’t worry about it, the upside potential looks a lot brighter to us than downside, which we think is limited to a small amount of profit taking.

[ambrosio]

Eromanga lifts SA IOCGU exposure

Eromanga Uranium operations


Eromanga Uranium has entered into a joint venture with InterMet Resources over EL 4001, covering 983sqkm in northern South Australia, approximately 90km northeast of the township of Marla.

The tenement area is positioned over the northern margins of the Gawler Craton and is considered to be prospective for iron oxide-copper-gold-uranium mineralisation (IOCGU).

Eromanga said the addition of the joint venture area to the company’s exploration portfolio strengthened its IOCGU initiative in the Marla region where it is currently drilling the exciting Welbourn Hill anomaly.

EL 4001, currently referred to by InterMet as the Abminga Project, will now be known as the Todmorden Project to avoid confusion with projects with similar names within the Eromanga portfolio.

Under the joint venture agreement, Eromanga can earn up to an 80% interest in EL 4001 from InterMet Resources by spending $500,000 on exploration.

Eromanga may withdraw at any time after an initial appraisal period, provided it has expended at least $50,000. InterMet may elect to contribute pro-rata to expenditure once Eromanga has earned a 60% interest upon expenditure of $250,000.

Eromanga said it intends to complete a ground gravity survey at the Todmorden Project during the second quarter of 2008, with ongoing exploration of the project area, including drill testing, to be guided by the results of the gravity survey.

- 28 Mar 2008

[ambrosio]

THE world's known uranium resources are sufficient to last for 100 years based on 2006 usage rates, but there is still a risk of supply shortfalls in the near-term, the International Atomic Energy Agency says.

June 04, 2008

Gesamter Artikel unter
http://www.news.com.au/adelaidenow/story/0,22606,23808934-50…



Übrigens NEWS sind überfällig!

Im Exploration-Update vom 17apr08 stand:

Welbourn Hill
....As at 6.00 am on Thursday 17 April 2008 the first hole, EWHD01, had reached a depth of 831.17 m.Initial assay results are expected in four weeks.
The drilling contractor is currently on a scheduled break. Drilling is expected to recommence on a two shift, 24 hours basis,
from 24 April 2008.

Abminga East
....Currently 16 holes haves been completed for a total advance of 3370 m. An additional five holes are planned to complete the
program.
The company is encouraged by the regionally wide spread, albeit low level,gamma anomalism contained within wide intervals of reduced, organic rich and variably pyritic, sections of the Mesozoic Algebuckina Sandstone.
Initial Assay results are expected to be received in four weeks

http://stocknessmonster.com/news-item?S=ERO&E=ASX&N=165683

[ambrosio]

12 JUNE 2008
EXPLORATION UPDATE — WELBOURN HILL

HIGHLIGHTS
• Basement intersected at 450 metres below surface, 250 metres shallower than in drill hole EWHD01.
• Increased intensity of sericite/hematite alteration with zones of veining and brecciation throughout the basement.
• Disseminated sulphide mineralisation associated with the alteration including pyrite, chalcopyrite and minor bornite.
• Top of modelled gravity anomaly at 670–700 m below surface is yet to be tested.
• Drilling to resume 19 June 2008 following the scheduled driller’s field break and drill-rig maintenance

http://stocknessmonster.com/news-item?S=ERO&E=ASX&N=166699




June 07, 2008
U3O8.biz Weekend Wrapup

The bull is back in the spot uranium market, as seen in stabilizing prices and optimistic research reports for the metal in the June quarter. And alongside an overdo upswing in the sector come more musings about the proverbial nuclear renaissance that has yet to materialize despite uranium's excellent fundamentals.

Price publisher Tradetech left its spot uranium price unchanged at $60 a pound U3O8 this week, amid reports of increasing buying interest through the month of May. According to Tradetech, spot.....

Gesamter Artikel zu finden unter:
http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=306215&_Type=Market-Commentary&_Title=U3O8.biz-Weekend-Wrapup

[ambrosio]

June 18, 2008
U.S. nuclear friendly

Investors would be hard-pressed to find a better home for nuclear projects than the United States. That's according to a research report commissioned by the UK government and completed by Ernst & Young. World Nuclear News reported the UK, China, and South Africa are next-best places, in that order. The States leads the pack largely thanks to government backing and financial support.

A summary of the report was presented at a summary of which was presented in London Wednesday, by that country's department of business and enterprise during an inaugural Financing Nuclear Power conference. Attendees were also told investors are embracing the world's new nuclear markets with confidence and another presentation of research findings stated nuclear power is the cheapest source of electricity generation, assuming the reduction of carbon costs is a prime objective. Delegates also heard that investors around the world are embracing nuclear power projects because they're profitable.

Meanwhile, at the 2008 Australasian Institute of Mining and Metallurgy's International Uranium Conference, delegates heard Australia could have a uranium conversion industry in the next five to 10 years. Uranium conversion---the process of turning Australian-made yellowcake into uranium hexafluoride---is the next logical step for the Australian nuclear industry, which now entertains serious discussions about moving to the next step in the uranium fuel cycle, delegates were told.

Over in Canada, Saskatchewan, the world's largest producer of uranium, is looking to enter the nuclear power game. Bruce Power, a joint venture spearheaded by local uranium behemoth Cameco, will study the feasibility of a nuclear reactor in the province.

Saskatchewan Premier Brad Wall has is a strong supporter of nuclear power, often comparing Saskatchewan's uranium reserves to the oilfields of Saudi Arabia. But critics of the plan, including that province's opposition party, say Bruce Power's new announcement is a move to turn Saskatchewan and neighbouring Alberta against each other in a race for nuclear power.

Indeed, earlier this year, Bruce Power filed an application with the Canadian Nuclear Safety Commission for approval of as many as four reactors near Peace River, Alberta.
The Canadian Press reported Bruce would begin its analysis this summer and issue a report by the end of 2008.

Finally, the spot price of uranium is holding steady at US$60 a pound U3O8 according to price publisher Tradetech (or at US$59 a pound U3O8 according to rival Ux Consulting), but some investors are getting impatient. It seems a constant and exciting stream of global investing news has yet to boost the uranium market above current---and widely regarded as depressed---levels.

The National Post newspaper, for example, interviewed RBC Capital analyst Adam Schatzker, who argued that if low uranium prices continue, investor will lose patience and look to put their money elsewhere, taking with them the funds required for future exploration and development of the sector.

Schatzker worried the absence of equity market participation in the uranium industry could cause uranium demand to outstrip uranium supply, which could then negatively affect reactor build programs from utilities around the globe. As it stands, uranium bulls will tell you uranium prices are already strengthening. Others expect the usual summer slowdown could hold the metal's prices down, but feel the return of buying from utilities in the fall will help drive prices upward.


Übrigens die Bohrergebnisse von Abminga East sind auch noch ausständig!

[ambrosio]

July 17, 2008
Spot price continues to climb

The spot price of uranium continues to climb thanks to strong demand
in the market. Price publisher Tradetech raised its price projection
by US$3.25 to US$63.25 a pound U3O8 late last week, reporting the
metal's spot price gained steadily through the week, as buyers eager
to cash in on new demand raised their offer prices. Eight transactions
were reported, with nine buyers still seeking several million pounds
of the material.

Rival price publisher Ux Consulting quickly followed suit, raising its
price estimate US$4 to US$64 a pound U3O8 on July 14. According to
Tradetech, investors and financial groups still make up the bulk of
the buyers in the spot market, but utilities are also starting to shop
around.

....

http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=311963&_…

[ambrosio]

EXPLORATION UPDATE — WELBOURN HILL

The Company is pleased to provide an update on the deep diamond
drill program underway at our Welbourn Hill IOCGU (iron oxide, copper,gold, uranium) project near Marla in far northern South Australia. The second drill hole, EWHD02, was completed at a depth of 806.53m and the company is now in receipt of analytical results for the interval 450–658 metres with highlights as follows:

HIGHLIGHTS
• The entire basement intersection from 450 to 806.53 m is strongly
altered with abundant magnetite and associated pyrite, chalcopyrite +/- bornite mineralisation.
• Analytical results for the interval from 450 to 658 metres confirm that basement gneisses are anomalous in copper with a best intersection of 18 m at 0.1% copper from 639 to 657 m.
• The Company believes that these results confirm the presence of significant volumes of IOCGU related fluids in the project area. This is an extremely pleasing result from only the second hole drilled in an area that has received virtually no previous exploration for IOCGU mineralisation.
• Results for the interval 659– 806.53 metres are anticipated
within the next two to three weeks.
• Drilling has also highlighted the potential for the Welbourn
Hill project area to host unconformity-related uranium mineralisation.
• Drilling will commence at the Nicholson Project, the second of our major IOCGU targets, on the 26 July 2008 allowing time for the receipt of all outstanding assay data and the planning of further drilling at Welbourn Hill.

http://www.stocknessmonster.com/news-item?S=ERO&E=ASX&N=1673…" target="_blank" rel="nofollow ugc noopener">http://www.stocknessmonster.com/news-item?S=ERO&E=ASX&N=1673…



July 23, 2008
Uranium's upward momentum continues

http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=312964&_…

[ambrosio]

Let's Have Some Love for Nuclear Power
By WILLIAM TUCKER
July 21, 2008; Page A13

All over the world, nuclear power is making a comeback. British Prime Minister Gordon Brown has just commissioned eight new reactors, and says there's "no upper limit" to the number Britain will build in the future. German Chancellor Angela Merkel has challenged her country's program to phase out 17 nuclear reactors by 2020, saying it will be impossible to deal with climate change without them. China and India are building nuclear power plants; France and Russia, both of whom have embraced the technology, are fiercely competing to sell them the hardware.

And just last month John McCain called for the construction of 45 new reactors by 2030. Barack Obama is less enthusiastic about nuclear energy, but he seems to be moving toward tacit approval.


M.E. Cohen
In the U.S. at present, 104 nuclear plants generate about 21% of our electric power. Last November, NRG Energy, of Princeton, N.J., became the first company to file for a license to build a new nuclear plant since the 1970s. Almost a dozen more applications have now also been filed.

While we may be at a turning point, one enormous question still hangs over this revival of nuclear power in the U.S.: Who is going to pay for it? The construction of reactors in the rest of the world is essentially a government enterprise. Private investment and even public approval are not always necessary. In the U.S., however, the capital will have to be raised from Wall Street. But not many investors are willing to put up $5 billion to $10 billion for a project that could become engulfed by 10 to 15 years of regulatory delay -- as occurred during the 1980s. The Seabrook plant in New Hampshire went through 14 years of that before opening in 1990. The Long Island Lighting Company's Shoreham plant began in 1973, but was shut down by protests in 1989 without generating a watt of electricity, and the company went bankrupt as a result.

If we are now going to choose nuclear power as a way to resolve both our concerns about global warming and our looming energy shortfalls, we are first going to have to engage in a national debate about whether or not we accept the technology. To begin this discussion, I suggest redefining what we call nuclear power as "terrestrial energy."

Every fuel used in human history -- firewood, coal, oil, wind and water -- has been derived from the sun. But terrestrial energy is different.

Terrestrial energy is the heat at the earth's core that raises its temperature to 7,000 degrees Fahrenheit, hotter than the surface of the sun. Remarkably, this heat derives largely from a single source -- the radioactive breakdown of uranium and thorium. The energy released in the breakdown of these two elements is enough to melt iron, stoke volcanoes and float the earth's continents like giant barges on its molten core.

Geothermal plants are a way of tapping this heat. They are generally located near fumaroles and geysers, where groundwater meets hot spots in the earth's crust. If we dig down far enough, however, we will encounter more than enough heat to boil water. Engineers are now talking about drilling down 10 miles (the deepest oil wells are only five miles) to tap this energy.

Here's a better idea: Bring the source of this heat -- the uranium -- to the surface, put it in a carefully controlled environment, and accelerate its breakdown a bit to raise temperatures to around 700 degrees Fahrenheit, and use it to boil water. That's what we do in a nuclear reactor.

Because the public first became aware of nuclear energy through warfare, reactors have always been thought of as "silent bombs." But nuclear plants cannot explode. The fissionable isotope of uranium must be enriched to 90% to create a weapon. In a reactor it is only 3%. You could not blow up a nuclear reactor if you tried.

Nor is the threat of terrorists crashing an airplane into a reactor and setting off a holocaust very plausible. The Department of Energy once crashed an F-4 jet going 500 miles per hour into a concrete wall the thickness of a nuclear containment structure. The plane vaporized while the concrete was barely dented. (You can watch it on YouTube: "Plane crashes into wall.")

Finally, the problem of radioactive waste has been absurdly exaggerated. More than 95% of the material in a spent fuel rod can be recycled for energy and medical isotopes.

We have a nuclear waste problem in this country because we gave up reprocessing in the 1970s. The fear was that terrorists or foreign nationals would steal plutonium from American reactors to build bombs. This is a bit like worrying that terrorists will steal all the gold from Fort Knox. Other countries have built bombs in the intervening years. They didn't need American plutonium to do it.

Meanwhile, France has proved that reprocessing works. With a fully developed nuclear cycle, the French now store all the waste from 30 years of producing 75% of its electricity beneath the floor of one room at La Hague in Normandy.

Three days after Sen. McCain made his proposal on June 18, Admiral "Skip" Bowman, president of the Nuclear Energy Institute, wrote an op-ed asking for yet more government support in developing nuclear energy. It can't work this way.

If nuclear energy is to progress, it must stand on its own. That means Wall Street has to invest. And convincing Wall Street to invest means persuading the public that there is nothing unacceptably dangerous or diabolical about nuclear power.

Mr. Tucker's book, "Terrestrial Energy: How Nuclear Power Can Lead the Green Revolution and End America's Long Energy Odyssey," will be published in September by Bartleby.

http://online.wsj.com/article/SB121659839296769061.html?mod=…

[ambrosio]

Neue Präsentation


Eromanga continues to be a very active exploration group with drilling on multiple fronts.
• Initial drill testing at Welbourn Hill has confirmed the potential for the area to host IOCGU mineralisation.
• Drilling underway at the exciting Nicholson Project.
• Company now in a position to maximise the value of its airborne EM data.
• Drilling scheduled to re-commence at Abminga in mid-September.
• Initial testing of Sunshine Dam scheduled for early September 2008.
• Strong project pipeline
• Well funded to succeed.

http://stocknessmonster.com/news-item?S=ERO&E=ASX&N=167729

[ambrosio]

Erneuter Wassereinbruch am Cigar Lake lässt verstärkt Zweifel an Machbarkeit des CAMECO-Minenprojekts aufkommen!

Eigentlich wollte Cameco stets von den Fortschritten bei der
Entwässerung der betroffenen Schachtanlagen am Zigarrensee berichten, doch die Realität sieht anders aus, denn erneut ließ ein massiver Wassereinbruch den problematischen Schacht über 400 Höhenmeter volllaufen. Während Cameco bisher nur die Fakten berichtete, auf mögliche Auswirkungen nicht einging, werden
die Zweifel von Experten an der Machbarkeit des potenziell größten Uranprojekts Kanadas mit einem späteren Anteil von 10 % an der weltweiten Uranproduktion immer lauter. So konnten Camecos Spezialisten bisher nicht ausmachen von wo das Wasser überhaupt eindringt, ob die alte Stelle oder gar neue für den Zufluss
der Wassermengen verantwortlich sind. Ferner wird berichtet, dass sich derzeit die eindringenden Wassermengen sogar noch erhöhen, an eine abermalige Trockenlegung der Mine gar nicht zu denken sei. Ursprünglich sollte Cigar Lake im vergangenen Jahr mit der Uranproduktion beginnen, aber ein Wassereinbruch in die halbfertigen Anlagen sorgte im Oktober 2006 für die ersten
Verzögerungen. Bis zum jüngsten Zwischenfall sollte mit der Uranförderung endlich etwa Mitte 2011 begonnen werden, jetzt scheint das ganze Projekt doch mehr als fraglich zu sein. Hinter Cameco (50,025 %) ist übrigens die Nummer 2 der Uranspezialisten, der französische ARVEVA-Konzern, mit 37,1 % am Cigar-Lake-Joint-Venture beteiligt.

http://www.canada.com/saskatoonstarphoenix/news/story.html?i…

http://www.theglobeandmail.com/servlet/story/RTGAM.20080814.…

[ambrosio]

August 20, 2008
Cameco troubles stimulate late summer market
Publisher: U3O8.biz
Author: Luke Brocki

....
Also in Austalia, the nuclear debate is back on the front burner, after the liberals called the technology essential, if the country wants to reduce its greenhouse gas emissions. The country's current government has strongly opposed the push to go nuclear, but Australia's liberals now suggest the country should put its plentiful uranium reserves to good domestic use.
....

http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=316258&_…