Michael Roche, chief executive of The Queensland Resources Council has argued today that:

“Lifting a ban on uranium mining could expand the state’s economy and through its use in nuclear power generation help to avoid huge greenhouse gas emissions.”

Three cheers for this man!

Mr Roche goes on to sat that (read more…)

The British Prime Minister, Gordon Brown, has said that is it time to become more ambitious with the plans for nuclear power for Britain. Three cheers for the British PM!

As we see it the United Kingdom government have adopted a softly, softly approach to nuclear power by first of all introducing the idea of replacing the old plants and are now going a tiny step further by recognising the need for more nuclear power plants (read more…)

The Green Room hosts a series of discussion pieces on environmental topics on a weekly basis at the BBC News website. This week Dr Peter Bleasdale argues that Nuclear power has a key part to play in providing the UK with reliable, low carbon electricity in the future.

So, after years on neglect Britain is moving forward, ever so slowly in our opinion, with the establishment of the National Nuclear Laboratory (NNL). This is one of the requirements in the findings of the white paper entitled: ‘Meeting the Energy Challenge (read more…)

Within 5 miles of the Grand Canyon National Park, there are more than 1,100 uranium claims, a massive increase when you consider that there were only 10 in January 2003, the Department of the Interior reports.

As the search for uranium continues it would appear that nowhere is sacred (read more…)

Just when the uranium stocks look like coming to life the spot price for uranium takes another step lower. According to TradeTech who have reported this decline in the spot market price saying the following (read more…)

Opposition to uranium mining in Meghalaya, India, may be dampened as The Department of Atomic Energy (DAE) announced a “detailed white paper” on uranium mining, which would be presented to the Meghalaya Assembly. Mounting protests have put pressure on the government to take action as Meghalaya has 16% of India’s uranium reserves, totalling 13,500 tonnes.

The Union Minister of State, Jairam Ramesh had this to say (read more…)

In a disappointing u-turn Shell have pulled out of a prestigious wind power project in the United Kingdom, placing the future of this project in jeopardy.

This flagship wind generation project was to produce 1,000 megawatts of power – enough to power a quarter of London’s residential properties (read more…)

Australian explorer, Uran Limited appears to be the latest victim of the global bureaucratic hurdle as the Czech town council of Pribyslav, rejected an offer from the Australian company for it to be allowed to explore what are believed to be rich uranium deposits in the centre of the country.

Pribyslav was one of Uran’s target areas because it is thought to have about 7,500 tonnes of uranium at nearby Brzkov (read more…)

The chart is courtesy of TradeTech.

Despite a $3/lb slid in the spot price the long-term price remains firm at $95/lb and that is the number that we should be focusing on. No doubt this change to the spot price will send some investors to the exit door, but is it really a time to sell (read more…)

Like a naughty boy sent to stand outside of the classroom uranium is once again being ignored by most of the investment community. Uranium stocks have put in an occasional flurry but still remain a long way off their previous highs.

Thanks to u308.biz for the chart

As the above chart shows the current spot price has slipped once again to now stand at $71/lb (read more…)