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« Aurora Energy: Good drill results | Main | Uranium: Are we there yet? »
Sunday
May042008

Indian opposition to uranium mining

Dept of Atomic Energy India 05 May 2008


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:

"The central government will not do anything against the wishes of the government of Meghalaya or the public opinion of the state. This is a huge challenge and we will address it in a very transparent manner. Most of our nuclear power plants are running at 50 per cent capacity due to shortage of uranium. This shortage is the reason why we are going for the Indo-US nuclear deal. Uranium from Meghalaya can help us feed our nuclear reactors to a great extent."

We draw your attention to this shortage of uranium! If this statement is correct then it tells us two things. Firstly, they have the capacity to increase their energy production if they can secure a steady supply of uranium. Secondly, once they have finalised this deal with the US a steady supply of uranium will be taken off the market. A satisfactory conclusion to this situation with the protestors will go some way to alleviating the pressure on demand for uranium, however it bodes well for uranium prices going forward, as India continues with its own industrial revolution.

The protests are based on the fear that uranium mining causes cancer, a team of doctors and scientists from Mumbai's Tata Memorial Hospital are to be assembled in order to combat and allay the fears that the protestors have raised.

The nuclear industry needs to prove on a global basis that uranium mining and atomic power can be utilised without any adverse effects to the population. We are constantly seeing protestors raise similar issues across the globe thus hampering the nuclear renaissance. More effort is required to promote the safety aspects, environmental impacts and the benefits of nuclear power. A universal acceptance is needed otherwise its lights out for the uninformed!

Have a good one.

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Reader Comments (2)

bob,i was checking out the aussie uran stocks -ones ending in ax...it looks like there is some good movement in some australian uranium stocks...why are theirs moving and not ours yet?? could it be that that is a sign that canadian/usa uran stocks will be moving soon?

May 5, 2008 | Unregistered Commenterlou

I would like to think so, however we'll wait for some sort of confirmation that we are actually on the move.

May 6, 2008 | Unregistered CommenterUranium Stocks

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