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Uranium and Nuclear Power Industry

Canada knew nuclear deal with China could be seen as ‘weak’: Docs – by Carl Meyer (Embassy News – April 16, 2014)

http://www.embassynews.ca/

Briefing notes say even though safeguards changed, non-proliferation policy would still be achieved.

After a major Canadian uranium mining firm landed deals with Chinese state-owned enterprises, the Harper government met several times with the firm and then announced a new protocol to ship raw Canadian uranium directly to China—even though it knew the protocol’s safeguards could be perceived as “weak,” government documents show.

Nuclear disarmament advocates fear the new scheme is an example of commerce driving policy in Ottawa. They say it could set a precedent that countries can establish workarounds to international nuclear security standards if the status quo was seen to be restricting potential trade.

“Commercial interests, as important as they are, must be shaped and constrained by non-proliferation considerations,” said Cesar Jaramillo, program officer for space security and nuclear disarmament at Waterloo-based Project Ploughshares.

But Canada says the deal with China will ensure Canadian uranium is used only for “strictly peaceful, non-military purposes” and that the new requirements are “appropriate to the level of the proliferation risks involved.” The Chinese Embassy also assured Canadians that its nuclear facilities are safe and under control.

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Challenges ahead to sustain Saskatchewan’s rate of economic growth – by Meaghan-Craig (Global News – April 9, 2014)

 

http://globalnews.ca/toronto/

SASKATOON – Experts and mining leaders are weighing in on a new report that suggests Saskatchewan cannot sustain its current rate of economic growth.

According to a new study released Wednesday, while it’s a good time to be living in Saskatchewan, we may be relying too heavily on high commodity prices.

“For opportunity to continue you can’t rest on your laurels and what worked 10 years maybe doesn’t work the same way anymore,” said Doug McNair, with Certified Management Consultants of Saskatchewan.

The report by The Institute of Certified Management Consultants of Saskatchewan says the province’s rapid growth has been strongly influenced by the global commodity supercycle.

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Throwing stones in a glass Dacha: The West’s metal vulnerabilities – by Christopher Ecclestone (Mineweb.com – April 4, 2014)

http://www.mineweb.com/

Christopher Ecclestone of Hallgarten & Company addresses supply issues the West faces with Russia as adversary.

LONDON – Some have accused the EU and U.S. of soft-pedaling on the Crimea/Ukraine issue. But might these economic powers think twice before stirring up too much of a ruckus? The EU is particularly vulnerable to Russia cutting off natural gas exports and the U.S. has to play nice with Russia to keep getting cheap uranium supplies.

According to the US Energy Administration, in 2011 the United States mined nine percent of the uranium consumed by its nuclear power plants. The remainder was imported, principally from Russia (50%), Canada, and Australia. As uranium bulls will ceaselessly inform you the supply situation is tight and if it wasn’t for those pesky Russians the price would be a lot higher.

We usually do not make common cause with the tin-foil-hatted but would beg to agree with the uranium bulls. It is a truism that the unwinding of the Soviet stockpiles have beggared the global uranium mining industry and that the great day will be when an end to this attrition is seen.

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Feds reach $5.15B settlement over [Arizona] mining cleanup – by FELICIA FONSECA, ERIC TUCKER and DINA CAPPIELLO (Associated Press – April 04, 2014)

http://www.kltv.com/

FLAGSTAFF, Ariz. (AP) – For decades, uranium ore was mined from the Lukachukai Mountains of northeastern Arizona, providing Navajos with much-needed employment but leaving behind a legacy of death and disease on the reservation.

Uranium waste was thrown over the mountainside and carried by rain across the remote but scenic land used by hikers, anglers, medicine men and Navajo shepherds. The roughly 50 mine sites were eventually abandoned without cleaning up the contaminated waste.

The Navajo Nation now has its best chance yet to address what has been a source of heartache for families. The federal government announced Thursday that it reached a $5.15 billion settlement with Anadarko Petroleum Corp. for the cleanup of thousands of long-contaminated sites nationwide. About $1 billion will go to the 50 sites on the country’s largest American Indian reservation.

The settlement that resolves a legal battle over Tronox Inc., a spinoff of Kerr-McGee Corp., is the largest ever for environmental contamination. The bulk of the money – $4.4 billion – will pay for environmental cleanup and be used to settle claims stemming from the legacy contamination. Anadarko acquired Tronox in 2006.

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COLUMN-Cheaper Asian LNG depends on coal, Japan nuclear – by Clyde Russell (Reuters U.K. – March 25, 2014)

http://uk.reuters.com/

(Reuters) – Asian spot liquefied natural gas prices have started their seasonal downturn after the winter peak, but how far they will fall depends on whether coal remains cheap and if Japan restarts some nuclear capacity.

LNG for May delivery was around $16.50 per million British thermal units (mmBtu), down from levels above $20 per mmBtu last month, reached as utilities re-stocked after peak winter demand. Last year, spot LNG LNG-AS fell 28 percent from the peak of $19.67 per mmBtu on Feb. 18 to a low of $14.13 on May 3.

Prices peaked at $20.50 per mmBtu on Feb. 7 this year, and a drop of a similar magnitude would see them fall to about $14.76 around May. However, much will depend on whether Japan does restart some nuclear generation, and whether it and China are willing to use cheaper coal despite the higher pollution.

None of Japan’s reactors, which used to supply about 20 percent of the nation’s electricity, are currently online, although two are now on a shortlist for a final round of safety checks.

Public scepticism remains high three years after the earthquake and tsunami that caused the destruction of the Fukushima plant, which led to the idling of nuclear generation.

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Out of sight, out of mind [Nuclear Waste] – Thunder Bay Chronicle-Journal Editorial (March 23, 2014)

Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario.

IT has been 35 years since the governments of Canada and Ontario established the Nuclear Fuel Waste Management Program to develop a concept to safely and permanently dispose of the radioactive byproducts of nuclear energy. We are told it will be 2035 before a repository can be operating. So there is no hurry.

It took authorities just a year, though, to propose deep geological disposal in Northern Ontario’s granite as opposed to finding a way to keep the stuff near to where it is produced in southern Ontario.

There is a great deal to be said for geological disposal. Earthquakes are rare here and not violent. What ground movement there is would not be enough to dislodge lead-lined canisters filled with nuclear waste stored 500 metres down in rock caves backfilled with concrete. Groundwater movement is minimal. Still, nuclear waste remains radioactive for a long time.

So there is a risk, however small, no matter where this material is stored. Would the risk be greater in a vault of some description near the reactors in southern Ontario? Would terrorists be more likely to try to steal it there than here or enroute?

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Johannesburg’s Golden Legacy Includes Radioactive Dump – by Kevin Crowley (Bloomberg News – February 10, 2014)

http://www.bloomberg.com/

Johannesburg sits atop the world’s most productive gold reef — a staggering 40,000 tons of the precious metal has been mined from it during a history tracing back 130 years. That legacy of riches has left behind a toxic inheritance: radioactivity from uranium hauled up in the mining process.

Scientists have found uranium quantities in rivers west of the city to be as much as 4,000 times natural levels and in tap water as much as 20 times higher. A soil sample taken by Bloomberg News and tested by government-certified WaterLab Ltd. from pumpkin roots grown a little more than a mile from a recently closed gold mine contained five times more uranium than background levels considered normal by the International Atomic Energy Agency.

Residents of Johannesburg and surrounding communities live among an estimated 600,000 metric tons of uranium buried in waste rock and covering an area four times the size of Manhattan, according to university researchers. Another undetermined amount lies below ground, where water has filled abandoned mines and leaks into the environment.

“There’s nowhere in the world where you’ll find so many people living alongside such a vast amount of ore-bearing uranium,” said Carl Albrecht, head of research at the Cancer Association of South Africa, or Cansa.

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Cameco finally starts up production at Cigar Lake after years of delays – by Peter Koven (National Post – March 14, 2014)

The National Post is Canada’s second largest national paper.

Thirty-three years after it was discovered, and nine years after construction began, Cameco Corp. has finally brought the much-anticipated Cigar Lake uranium mine into production.

The company made the landmark announcement on Thursday. And after a seemingly endless string of delays and setbacks at the giant Saskatchewan-based project, it must have come as a relief.

“There were a lot of doubters who said it would never be done,” chief executive Tim Gitzel said in a phone interview from the mine site. “But I never gave up on the creativity and the perseverance of our workforce.”

When Cameco’s board approved construction of Cigar Lake in 2004, the expected capital cost was $450-million and first production was planned for 2007. By the end of last year, the cost was a staggering $2.6-billion and it still wasn’t in production. Needless to say, it has been a much tougher process than Cameco ever imagined.

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ANALYSIS-Small U.S. uranium miners make contrarian bet by ramping up output – by Rod Nickel (Reuters U.S. – March 5, 2014)

http://in.reuters.com/

TORONTO – (Reuters) – Sinking prices for uranium in the past three years have caused many of the world’s biggest uranium miners to scale back production plans or defer projects, but two small U.S. producers are bucking the trend by planning to increase output this year and investors have sent their share prices surging as a result.

Uranium prices are hovering near eight-year lows because an earthquake and tsunami struck Japan in March 2011, crippling the Fukushima-Daiichi atomic power plant, and leading to the shutdown of nearly all reactors in the country, which previously relied on nuclear sources for 30 percent of its power. The disaster crimped Japanese demand for uranium and fueled fears about a backlash to nuclear power.

Last month, Japan included nuclear power in its draft energy plan, easing doubts about the industry and boosting uranium company shares. The spot uranium price, however, remains weak and companies scaled back production and halted expansion plans that curbed potential output by 20 million to 25 million lbs (9 million to 11.3 million kg), according to Edison Investment Research. That amounts to 16 percent of estimated global production last year.

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Cameco Welcomes Nuclear Commitment in Japan Draft Policy – by Liezel Hill and Christopher Donville (Bloomberg News – February 26, 2014)

http://www.bloomberg.com/

Cameco Corp. (CCO), Canada’s largest uranium producer, welcomed a commitment by Japan to nuclear power almost three years after the meltdown of three reactors at the Fukushima Dai-Ichi nuclear power plant.

As Prime Minister Shinzo Abe seeks the restart of the nation’s 48 reactors, all of which are idled for safety checks, the government yesterday presented its draft energy policy showing nuclear as an important component in the nation’s future energy mix. Cameco rose the most in more than three years in Toronto and other uranium stocks soared. Paladin Energy Ltd. (PDN) surged 21 percent in Sydney trading today, its biggest one-day gain in more than nine years.

“To put it out now in black and white is very encouraging,” Cameco Chief Executive Officer Tim Gitzel said yesterday in an interview. “The process is unfolding as we thought it would, it’s just taking longer” than expected.

Uranium prices have slumped 47 percent since the March 2011 earthquake and tsunami that crippled Tokyo Electric Power Co.’s nuclear power plant. The disaster led to Japan suspending its fleet of reactors. Some of those plants will come back online this summer, Takayuki Sumita, director-general for oil, gas and mineral resources at Japan’s ministry of economy, trade and industry, told a Singapore conference yesterday.

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From Warheads to Cheap Energy – by William J. Broad (New York Times – January 27, 2014)

http://www.nytimes.com/

Thomas L. Neff’s Idea Turned Russian Warheads Into American Electricity

As the Cold War ended in the late 1980s and early ’90s, a new fear arose amid the rejoicing and relief: that atomic security might fail in the disintegrating Soviet Union, allowing its huge stockpile of nuclear warheads to fall into unfriendly hands.

The jitters intensified in late 1991, as Moscow announced plans to store thousands of weapons from missiles and bombers in what experts viewed as decrepit bunkers, policed by impoverished guards of dubious reliability.

Many officials and scientists worried. Few knew what to do. That is when Thomas L. Neff, a physicist at the Massachusetts Institute of Technology, hit on his improbable idea: Why not let Moscow sell the uranium from its retired weapons and dilute it into fuel for electric utilities in the United States, giving Russians desperately needed cash and Americans a cheap source of power?

Last month, Dr. Neff’s idea came to a happy conclusion as the last shipment of uranium from Russia arrived in the United States.

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Saskatchewan Dene group wants more consultation on Areva’s Kiggavik project – by Sarah Rogers (Nunatsiaq Online.com – February 6, 2014)

http://www.nunatsiaqonline.ca/

Project proposes flying uranium to northern Saskatchewan

Athabasca Dene in northern Saskatchewan say they have not been properly consulted on Areva’s Kiggavik uranium project near Baker Lake. Although the Kiggavik site is hundreds of kilometres away from their traditional lands, the Athabasca Dene oppose the proposed transportation of milled uranium — known as yellowcake — by plane from the mine to northern Saskatchewan.

Areva proposes to fly some 5,000 tonnes of yellowcake each year to Points North, Saskatchewan, where it would then be transported by truck or train.

In December 2013, the Athabasca Denesuline Né Né Land Corp., which represents First Nations in Black Lake, Fond du Lac and Hatchet Lake, passed a resolution opposing the transport of uranium over their territory.

In a letter addressed to the Nunavut Impact Review Board that same month, the corporation said Dene are worried about accidents and the potential damage to their local environment.

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Special Report: Areva and Niger’s uranium fight – by Daniel Flynn and Geert de Clercq (Reuters India – February 5, 2014)

http://in.reuters.com/

ARLIT, Niger/PARIS – (Reuters) – When France began mining uranium ore in the desert of northern Niger in the early 1970s, Arlit was a cluster of miners’ huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara.

The 1973 OPEC oil embargo changed that. France embraced nuclear power to free itself from reliance on foreign oil and overnight this remote corner of Africa became crucial to its national interests.

Arlit has grown into a sprawling settlement of 117,000 people, while France now depends on nuclear power for three-quarters of its electricity, making it more reliant on uranium than any country on earth. Niger has become the world’s fourth-largest producer of the ore after Kazakhstan, Canada and Australia.

But uranium has not enriched Niger. The former French colony remains one of the poorest countries on earth. More than 60 percent of its 17 million people survive on less than $1 a day.

Arlit is a dusty and neglected place, scoured by desert sandstorms and barely touched by the mineral wealth it ships off to Europe each year.

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[Suzuki] An admission of bombast – by Lorne Gunter (Toronto Sun – January 21, 2014)

http://www.torontosun.com/home

Last fall, David Suzuki, the high priest of Canadian enviro-alarmism, used an eco-conference to predict the likelihood of another Japanese earthquake comparable in size to the March 2011 monster Tohoku quake at “over 95% … in the next three years.”

True to his all-scaremongering, all-the-time form, Suzuki predicted that when a second catastrophic seismic event occurred, the remaining fuel rods at the Fukushima power plant would unleash a nuclear disaster that would mean “bye bye Japan” and would force an evacuation of the entire North American west coast.

This is about as crazy as the hoaxes circulating around the Internet claiming that a giant squid, driven eastward by radiation emanating from Japan, had beached itself at Santa Monica, Calif., or that 98% of the Pacific’s sea bottom is strewn with irradiated fish. (In fact, less than 5% of the Pacific’s floor has even been mapped, so knowing what is on 98% of it is impossible.)

This week, Suzuki told the Vancouver Province that he had stirred up his Japanese quake scenario “off-the-cuff” and he now regretted being so bombastic.

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INTERVIEW-Greenland eyes mines as melting ice cap unlocks mineral riches – by Balazs Koranyi (Reuters India – January 21, 2014)

http://in.reuters.com/

TROMSOE, Norway – Jan 21 (Reuters) – Greenland will push ahead with a uranium and rare earths mine despite the objections of its former colonial ruler and main benefactor as the melting of the polar ice cap unlocks the country’s natural resources, its prime minister said.

Arctic Greenland, with the lowest population density in the world, could open its first big iron ore mine in five years and award the first rare earths exploitation licence by 2017, hoping for riches that could attract thousands of workers and leave the locals in a minority, Aleqa Hammond told Reuters.

“We simply refuse to go under as a culture because of climate change,” Hammond, 48, said on Tuesday on a visit to Norway. “We have to adapt because the ice is disappearing and hunting is no longer the main source of income.

“But climate change gives us a new chance to survive because our minerals become accessible so we’ll adapt,” Hammond, an Inuit woman brought up to skin seals, said. “We are one of the very few countries around the world where climate change is giving us benefits.”

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