Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

Queensland Elections, Uranium Issue to the Fore?

February 28th, 2009

The upcoming Queensland elections could become quite interesting when viewed from the question of whether it is right, rational or even  reasonable for the Bligh government to maintain the ban on uranium mining. The Federal labor party is now in favour of uranium mining…. Australia has around 40% of the world’s easily mined uranium and Qld has a fairly large proportion of Australia’s vast holdings.  So, what do you think:  Should Anna Bligh blithely chuck away literally billions of dollars worth of exports and the revenue derived from mining and selling Qld uranium?

Sovereign Risk

February 28th, 2009

Traditional owners continue ban on Koongarra uranium mining
Saturday February 28, 2009, 4:00 pm

Traditional owners in the NT’s Kakadu region have decided to continue a ban on mining at the $5 billion Koongarra uranium deposit.

The French company Areva wants to mine 14,000 tonnes of uranium at the site that is surrounded by Kakadu National Park.

The lucrative deposit sits three kilometres from Nourlangie Rock – a sacred art site and major tourist attraction.

Representatives of traditional owners, the Northern Land Council, Areva and the Territory and Federal governments met in Jabiru and Cooinda this week to discuss the future of the deposit.

Traditional owners decided mining should not go ahead at the site.

By law the matter can be revisited, but the NLC says it has been told by traditional owner Jeffrey Lee that he never wants to discuss the company’s proposal again.

The Land Council also says Mr Lee is still keen for the site to incorporated into Kakadu

Namibia safer than Australia?

February 15th, 2009

In regard to the mining of uranium I wonder if Namibia has less country risk than Australia.
Several of Australia’s better uranium explorers have either moved to or have projects in Namibia. RIO, PDN, EXT, BMN, DYL all have significant resources of around 100m pounds.

Is it safe to invest there?

ASX Uranium Exploers and Producers Namibia
ASX Uranium Exploers and Producers Namibia

Hello world!

February 12th, 2009

Uranium is a chemical element in the periodic table that has the symbol U and atomic number 92. Heavy, silvery-white, toxic, metallic , and naturally- radioactive , uranium belongs to the actinide series and its isotope 235 U is used as the fuel for nuclear reactors and the explosive material for nuclear weapons. Uranium is commonly found in very small amounts in rocks , soil , water , plants , and animals (including humans).

Notable characteristics

When refined, uranium is a silvery white, weakly radioactive metal, which is slightly softer than steel. It is malleable, ductile, and slightly paramagnetic. Uranium metal has very high density , 65% more dense than lead , but slightly less dense than gold. When finely divided, it can react with cold water; in air, uranium metal becomes coated with uranium oxide. Uranium in ores can be extracted and chemically converted into uranium dioxide or other chemical forms usable in industry.