Tuesday, August 28, 2012

River Commission Wants Uranium Ban To Remain/ Uranium mining is a Bust Now



River Commission Wants Uranium Ban To Remain

BOYDTON, Va. (AP) — A commission composed of legislators from Virginia and North Carolina is urging Virginia to keep a 30-year ban on uranium mining in place.

The resolution was approved Monday by the Roanoke River Basin Bi-State Commission, an advisory panel that makes recommendations to government officials on the use and stewardship of the Roanoke River Basin.

Andrew Lester of the Roanoke River Basin Association praised the commission, saying the "stigma" of uranium mining would be harmful to the region's agricultural and tourism industry in Southside Virginia

http://www.thestreet.com/story/11676817/1/river-commission-wants-uranium-ban-to-remain.html

Virginia, North Carolina legislators go on record opposing uranium mining

SoVaNow.com / August 27, 2012
The Roanoke River Bi-State Commission, meeting Monday at the John H. Kerr Dam visitors center near Boydton, unanimously passed a resolution expressing formal opposition to the proposed Coles Hill uranium mining project in Pittsylvania County.

“The Roanoke River Basin Association (RRBA) applauds the resolution unanimously passed at today’s meeting of the Roanoke River Basin Bi-State Commission urging Virginia’s legislature to keep Virginia’s 30-year ban on uranium mining in place indefinitely.
“The North Carolina-Virginia Roanoke River Basin Bi-State Commission is composed of members of the legislature from both states. The Commission’s function is to ‘make recommendations to local, state, and federal legislative and administrative bodies, and to others… regarding the use, stewardship, and enhancement of the Basin's water and other natural resources.’

“Since then seven studies at a total cost of $2.8 million have been completed; all of them warning Virginia’s decision makers that uranium mining would be a highly risky endeavor given Virginia’s unpredictable climate and the lack of state and federal experience in regulating uranium operations on the East Coast.

“The resolution passed by the Bi-State Commission today was prompted by these studies’ findings. The Bi-State Commission urged Virginia’s legislature to keep the uranium mining ban indefinitely to protect the Roanoke’s natural resources.

“’We are very pleased with the Bi-State Commission’s decision to support the ban on uranium mining. Our basin’s natural resources are the engine of the regional economy. Agriculture and the tourism and outdoor recreation sectors bring in hundreds of millions of dollars annually to the states’ coffers. The stigma and the risk of irreversible water contamination that uranium mining would create are incompatible with the future of our basin,’ said Andrew Lester, RRBA’s executive director.”

http://www.sovanow.com/index.php?/news/article/virginia_north_carolina_legislators_go_on_record_opposing_uranium_mining/

Loss of mine to bring $1bn hit

TREASURY modelling has revealed the South Australian economy will take a $1.1 billion hit from the cancellation of BHP Billiton's $30bn Olympic Dam expansion, confirming the worst fears of economists.
http://www.theaustralian.com.au/national-affairs/state-politics/loss-of-mine-to-bring-1bn-hit/story-e6frgczx-1226459367702

CANADA STOCKS-TSX drops with miners; but banks, RIM limit fall

TORONTO, Aug 27 (Reuters) - Canada's main equity index slipped on Monday morning as investors pulled back from mining and railway stocks
http://in.reuters.com/article/2012/08/27/markets-canada-stocks-idINL1E8JR62G20120827

BHP CEO sees long-term price declines for its commodities
CEO of the world's biggest mining company Marius Kloppers says he sees long-term price declines for its commodities as slower economic growth in China weighs on demand.