Saturday, March 8, 2014

Keep the Ban: Stories about Uranium



UPDATE 2-Uranium supplier USEC files for bankruptcy

Wed Mar 5, 2014 6:43pm IST
March 5 (Reuters) - USEC Inc filed for bankruptcy after struggling with weak prices for the enriched uranium it supplies to nuclear power plants and

Uranium spot price drifts down on discretionary demand

Washington (Platts)--4Mar2014/126 pm EST/1826 GMT

The spot price of uranium is about $35.25/lb, down 5 cents from Friday, as some sellers in the market, seeing demand wane, have lowered offer prices to conclude deals, analysts said Tuesday.

James Bay Cree Nation Welcomes Announcement Of Quebec-wide Hearings On The Uranium Industry

Created: Tuesday, 04 March 2014 17:54
Published: Tuesday, 04 March 2014 11:54
Written by Administrator 4
Posted: 2014-03-03. NEMASKA, EEYOU ISTCHEE (QUEBEC), March 3, 2014: The James Bay Cree Nation welcomes the announcement made today by Quebec Environment Minister Yves-François Blanchet of the mandate granted to the Bureau d’audiences publiques sur l’environnement (BAPE) to conduct province-wide public hearings regarding the uranium sector in Quebec.
“This is a crucial first step in an important process,” said Grand Chief Dr. Mathew Coon Come. “A broad, independent and rigorous study of the uranium industry in Quebec is urgently required. We intend to participate fully in the BAPE process, to ensure that it meets these high standards. We are confident that when Quebecers learn and consider the true facts about uranium mining and uranium waste, they will join us in our permanent moratorium stand.”
“The Government of Quebec and the Cree Nation Government have committed to work closely together, both before and during the BAPE mandate, to ensure that the BAPE process regarding the uranium industry in Quebec proceeds in a manner that respects Cree treaty rights and the requirements of the James Bay and Northern Quebec Agreement,” Grand Chief Coon Come noted. “Uranium is an issue of grave concern for the Cree Nation, for our environment, our lands and our future generations.”
On August 8, 2012, the Cree Nation enacted a permanent moratorium on uranium exploration, mining, milling and waste emplacement in Eeyou Istchee. The Cree Nation’s opposition to uranium activities in their territory is based on the serious risks uranium poses to the environment and to human health. Uranium exploration and mining places a burden on future generations that the Cree Nation is not prepared to assume.
“We commend the Government for its decision to look more closely at the risks associated with uranium, as the community of Mistissini has already done” said Mistissini Chief Richard Shecapio. “Our position remains clear: there will be no uranium activities in our territory.”
Strateco Resources Inc.’s Matoush project, which is located near the Cree community of Mistissini, is the most advanced uranium project to date in the Cree territory of Eeyou Istchee and in Quebec.

Powertech merges, changes name

March 03, 2014 11:45 pm  • 
EDGEMONT – Powertech Uranium Corp., USA, which is pursuing permits to mine uranium north of Edgemont in its Dewey-Burdock Project has merged with Azarga to form a new company; Azarga Uranium Corp.
The announcement was made officially via a press release that was sent out Feb. 27. While the transaction was approved by the boards of directors for both companies, completion is conditional upon approval of the Toronto Stock Exchange and shareholders of both Powertech and Azarga.
The press release states that Azarga will become a wholly-owned subsidiary of Powertech, but Mark Hollenbeck of Edgemont, the Dewey-Burdock Project Manager said that the transaction is really a merger.