Koffiekamer Terug naar discussie overzicht

Uranium

1. [verwijderd] 11 augustus 2005 21:56

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Canada's Cameco Urges Australian Uranium Policy Clarity
   
   
   
   Thursday August 11, 12:30 AM EDT
   
   CANBERRA -(Dow Jones)- Canada's Cameco Corp. (CCJ) (CCJ), the world's biggest uranium producer, hopes a public debate in Australia will clarify the country's long-term position for the fuel.
   
   Cameco also wants Australia's federal government to assume regulatory control of the mineral, removing it from differing state jurisdictions, said its chief executive, Jerry Grandey.
   
   Grandey told a parliamentary committee of a "tremendous resurgence" of global interest in nuclear energy and an increasing appetite for uranium, whose spot price has tripled over the past two years to about US$30 a pound.
   
   The global interest has spilled into Australia, where the government has initiated a public debate about the future of uranium mining.
   
   The country hosts about 40% of the world's low-cost resources of uranium.
   
   "Out of all of it, we hope that there emerges a clear direction - favorable or unfavorable - so we...in the industry have a good sense of where the long-term policy and position will be for Australia," Grandey told the committee.
   
   In the past, Australian uranium mining had been restricted by what is known as the three mines policy and bans on uranium mining and processing by state and territory governments.
   
   Last week, the federal government took control for the approval of uranium mining in the Northern Territory from the territory government - a move that effectively gave a green light to develop what are believed to be the territory's vast uranium resources.
   
   Grandey wants the federal government to assume full regulatory control for the mineral, like how the U.S. and Canadian federal governments control their uranium industries.
   
   He wants the same regulatory standards to apply throughout the nation.
   
   "Having federal oversight is something that ought to be considered, making it a federally managed and regulated mineral," Grandey said.
   
   Cameco has spent about A$50 million in the past 10 years exploring for uranium in the Northern Territory and about a further A$5 million exploring in Western Australia.
   
   Grandey's comments coincided with an announcement by Resources and Industry Minister Ian Macfarlane Thursday that the government has set up a steering group to undertake a three-year study into further developing the uranium mining industry.
   
   In particular, the main objectives of what he called the Uranium Industry Framework are to support the sustainable development of Australia's uranium industry by reducing impediments to exploration, mining and export of the fuel and ensuring a consistent and efficient regulatory regime.
   
   On Tuesday, the government announced it will formally begin talks on a nuclear cooperation agreement with China, where strong demand for uranium is expected in the coming years.
   
   -By Ray Brindal, Dow Jones Newswires; 612 6208 0902; ray.brindal@dowjones.com
   
   -Edited by Ryan Woo
   
   (END) Dow Jones Newswires
   
   money.iwon.com/jsp/nw/nwdt_rt_top.jsp...
2. Sukh Baatar 13 augustus 2005 10:58

   auteur info

   • Sukh Baatar

     Lid sinds: 23 jul 2001

     Laatste bezoek: 03 mrt 2025

   • Aanbevelingen

     Ontvangen: 320

     Gegeven: 284

   •    Aantal posts: 621

   quote:

   kck schreef:

   En niet duur:
   
   Forward P/E (fye 30-Jun-06) 1: 12.11
   PEG Ratio (5 yr expected): 0.69
   Price/Sales (ttm): 3.45
   Price/Book (mrq): 6.50
   
   Was Billiton vroeger niet hollands (bauxiet,suriname)?
   

   Was vroeger deel van Shell.
3. [verwijderd] 17 augustus 2005 21:05

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Australian Uranium Hopefuls Surge Again, Analysts Wary
   
   
   
   Wednesday August 17, 5:16 AM EDT
   
   CANBERRA -(Dow Jones)- Despite some compelling fundamentals, the Australian investment market for uranium explorers might now be in bubble territory, analysts said Wednesday.
   
   Intraday momentum traders in particular appear to be pushing the value of small uranium explorers to levels way beyond realistic values, they said.
   
   Adam Conigliaro, an energy analyst at Perth brokerage DJ Carmichael, identified a large number of hurdles that could prevent many companies switching from exploration to production. He cited problems such as securing environmental approvals, negotiating with landowners, defining a commercial resource, and obtaining licenses to mine and export the fuel.
   
   "Until they go down that pathway, it's hard to attribute any value to what they have except for blue sky, which is highly subjective, and in this market is getting priced very highly," he said.
   
   In the case of one surging stock, in part encouraged by national government comments supportive of more uranium mining, Summit Resources Ltd. (SMM.AU) has increased 15 times in the past year to close at 77 Australian cents.
   
   Perth brokerage Patersons Securities notes that while Summit's uranium projects in Queensland are well advanced, the state remains strongly opposed to any form of uranium mining.
   
   Conigliaro prefers companies with exposure to more favorable jurisdictions, namely the Northern Territory or South Australia. Deep Yellow Ltd. (DYL.AU), which has tenements in the territory, closed at 13.5 cents, up from less than two cents at the start of 2005.
   
   Rob Brierley, head of research at Perth-based Patersons, said many investors and mining companies are jumping on the uranium bandwagon.
   
   "There's elements of bubbles, there's elements of reality," said Brierley.
   
   In a research note, Patersons identified a host of positive factors helping the uranium sector, including a global spot price now almost US$30.00/pound, up from US$7.00 in late 2000, driven by a global production deficit.
   
   Other supportive factors cited include industry consolidation, impending mine closures, a lack of new mine production, increasing demand from countries such as China and India, and continued high oil prices that increase the attractiveness of alternative fuel sources.
   
   Renewed Uranium Debate In Australia
   
   A renewed debate in Australia about uranium - its use, mining and export - has also focussed attention on the sector.
   
   Already this month the Australian government has set up a steering group to undertake a three-year study into developing the uranium mining industry, and announced it will formally begin negotiations on a nuclear cooperation agreement with China, where strong demand for uranium is expected in the coming years.
   
   The federal government also took control for the approval of uranium mining in the Northern Territory from the territory government, a move that effectively gave a green light to develop what are believed to be vast uranium resources.
   
   "It's no longer that taboo subject," Paterson's Brierley said. "All these things are just fueling a fire that's already been burning."
   
   It is for these reasons and more that Patersons believes the global uranium market will continue to gain momentum over the next 12-18 months.
   
   Any debate about uranium also has heightened significance in Australia, where production has for years been limited by the three mines policy.
   
   Energy Resources of Australia Ltd. (ERA.AU), a 68.4% subsidiary of Rio Tinto Plc (RTP) (RTP), operates the Ranger mine in the Northern Territory. BHP Billiton ( BHP) owns the Olympic Dam uranium mine in South Australia, where the Beverly mine owned by General Atomics of the U.S. is also located.
   
   Dominated by Olympic Dam, Australia has 39% of the world's uranium resources, with Canada having 17%, Kazakstan 16% and South Africa 7%, according to mining industry figures.
   
   Yet Canada accounted for 31% of total global exports in 2003 of 33,843 metric tons and Australia just 22%, according to figures supplied by Patersons.
   
   Both brokerages recommend Paladin Resources Ltd. (PDN.AU) as a company to watch, with its Langer Heinrich uranium project in Namibia scheduled to begin production in the 2006 third quarter. Paladin shares closed at A$1.56, down from a A$1.84 high late July but a tidy gain from less than 20 cents a year ago.
   
   DJ Carmichael also lists for watching ERA, which owns the undeveloped high- grade Jabiluka resource also in the territory.
   
   Patersons is cautious about junior companies exploring in Western Australia and Queensland because of opposition there to uranium mining.
   
   The market for companies in these states is "fast becoming a play on government policy as much as contained resources", the brokerage said.
   
   DJ Carmichael's Conigliaro said some current share price movements and turnover is reminiscent of the old "dotcom" days.
   
   Nearly all investors realized the tech-boom overheated and wasn't sustainable, he said.
   
   "However, it went higher and longer than anyone expected and whether this is the same thing only time will tell," he said.
   
   The uranium boom "won't be sustainable over the long term", he added.
   
   -By Ray Brindal, Dow Jones Newswires, 612 6208 0902;
   
   ray.brindal@dowjones.com
   
   -Edited by Ian Pemberton
   
   (END) Dow Jones Newswires
   
   08-17-05 0516ET
   
   money.iwon.com/jsp/nw/nwdt_rt_top.jsp...
4. [verwijderd] 17 augustus 2005 21:15

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Globaal uranium tekort verwacht
   
   Volgens een recent rapport van de Canadese Asia Pacific Foundation komt er waarschijnlijk een 45.000 ton tekort aan uranium in het volgende decennium. Een gevolg van het pieken van de uraniumproductie in 2001. Het openen van nieuwe mijnen duurt volgens experts meer dan 10 jaar. We zien van deze piek nu al effecten, de prijzen van uranium zijn tussen 2003 en 2005 vrijwel verdriedubbeld.
   
   In 2002 consumeerde de wereld 67.000 ton Uranium terwijl er maar 36.000 ton geproduceerd werd. De rest die nodig was kwam vanuit afgedankte nucleaire wapens. Vaak zijn er veel optimistische voorspellingen, ze gaan ervan uit dat er genoeg uraniumreserves zijn voor 42 jaar. We leven echter in een groeiende wereld.
   
   Indien het verbruik 6x zou verdubbelen dan is de voorraad maar goed voor 12 jaar. Deze groei gaat bij het huidige tempo zeer snel bereikt worden. China is bijvoorbeeld van plan 40 nieuwe nucleaire reactoren te bouwen tussen nu en 2020. Ook India, Amerika, Rusland, Finland zijn al nucleaire reactoren aan het bouwen. En in veel landen word de bouw overwogen, zoals ook in ons land.
   
   Bron: Times Online
   
   www.peakoil.nl/pivot/entry.php?id=234...
5. Cézan 20 augustus 2005 09:30

   auteur info

   • Cézan

     Lid sinds: 07 apr 2001

     Laatste bezoek: 20 jun 2024

   • Aanbevelingen

     Ontvangen: 1069

     Gegeven: 1096

   •    Aantal posts: 12.282

   Nee, ik beleg (nog) niet in uranium, neemt niet weg dat ik het wel interessant vind. Hangt wel een onheilspellende lucht aan deze grondstof.
   CCJ heb ik zelfs al op watchlist van Alex staan, goed gedaan gisteren.
   Voor geinteresseerden verhandeling van een
   uraniumblogger, gevonden tijdens het googlen.
   wesker.web-log.nl/log/3151804
   Altijd handig te weten wat voor spul het precies is.
   
   Czn.
   
   
6. [verwijderd] 21 augustus 2005 13:02

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   Cézan schreef:

   Nee, ik beleg (nog) niet in uranium, neemt niet weg dat ik het wel interessant vind. Hangt wel een onheilspellende lucht aan deze grondstof.
   CCJ heb ik zelfs al op watchlist van Alex staan, goed gedaan gisteren.
   Voor geinteresseerden verhandeling van een
   uraniumblogger, gevonden tijdens het googlen.
   wesker.web-log.nl/log/3151804
   Altijd handig te weten wat voor spul het precies is.
   
   Czn.
   
   

   Ik heb ff zitten lezen op die site. Als uranium geen fatsoenlijk alternatief is (...dat komt daar naar voren...), dan wordt het helemaal griezelig! Het enige serieuze substituut voor olie als brandstof valt dan weg!
   
   Waar is meer te lezen over de stelling dat kernenergie geen serieus alternatief is voor olie?
7. [verwijderd] 21 augustus 2005 17:21

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   postzak schreef:

   [quote=kck]
   En niet duur:
   
   Forward P/E (fye 30-Jun-06) 1: 12.11
   PEG Ratio (5 yr expected): 0.69
   Price/Sales (ttm): 3.45
   Price/Book (mrq): 6.50
   
   Was Billiton vroeger niet hollands (bauxiet,suriname)?
   [/quote]
   
   Of het NL is geweest..ik dacht het niet, maar het zit wel al een hele tijd in Suriname, klopt.
   
   Profiel:
   Was ooit een onderdeel van ouwe Royal Dutch dacht ik
   BHP Billiton Limited engages in discovering mineral resources, as well as extracting them through mining, drilling, and processing. It produces crude oil, natural gas, and liquefied natural gas; aluminium and alumina; copper, silver, zinc, and lead; metallurgical coal, iron ore, and manganese used in the production of carbon steel; diamonds and specialty products, including titanium; energy coal for use in electricity generation; and nickel metal, and chrome and nickel ferroalloys used in the production of stainless steel. BHP Billiton Limited’s properties are located in Australia, Latin America, and southern Africa. The company was incorporated in 1885 as The Broken Hill Proprietary Company Limited and changed its name to BHP Limited, and then to BHP Billiton Limited in 2001. BHP Billiton Limited is headquartered in Melbourne, Australia.
   
   finance.yahoo.com/q/pr?s=BHP
   
   

8. [verwijderd] 23 augustus 2005 18:18

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Kernenergie een oplossing?Kan kernenergie een bijdrage leveren aan het opvangen van Peak Oil en het broeikaseffect? De nucleaire lobby zegt van wel. Het nieuwe energiebeleid van Brinkhorst zet voorzichtig de deur open naar nieuwe investeringen in kernenergie, maar is dat verstandig? Herman Damveld geeft een aantal contra argumenten
   Kernafval en het broeikaseffect
   
   Herman Damveld
   
   Kernenergie wordt genoemd als oplossing voor het broeikaseffect. De Franse onderminister van Industrie, Nicole Fontaine, zei in mei 2003 dat men moet kiezen tussen de risico's van kernenergie en de dreiging van klimaatverandering . Dat bij kernenergie ook kernafval ontstaat is een gegeven. Maar is kernenergie de oplossing voor het broeikaseffect? We denken van niet en geven hiervoor vijf argumenten:
   
   1. Kernenergie is niet CO2-vrij.
   
   Kernenergie is niet CO2-vrij, zoals het Nucleaire Energie Agentschap in mei 1998 schreef . Kernenergie is ook geen oplossing voor het broeikaseffect. Dit komt door indirecte CO2-uitstoot door winning en verwerking van het uranium voor de kerncentrales. Dat staat in een in september 2002 verschenen studie van prof. Philip Smith en Jan Willem Storm van Leeuwen.
   
   
   Smith (prof. emeritaat aan de Rijksuniversiteit Groningen) en Storm van Leeuwen (deskundige energie-analyse) hebben in een op internet verschenen rapport uitgerekend hoeveel CO2 er langs de indirecte weg vrijkomt bij kernenergie. Ze stellen vast dat de indirecte CO2 uitworp vooral afhangt van de winning en de bewerking van uraniumerts. Daarvoor gebruikt men machines die op benzine draaien en daarmee CO2 uitstoten.
   
   Maar ook de afbraak van de kerncentrale en de verwerking en opslag van kernafval gaat via machines en geeft CO2. De wetenschappers hebben een vergelijking gemaakt tussen de som van de directe en indirecte CO2 -uitstoot van een kern- en een gascentrale.Op het ogenblik worden de rijkere ertsen gewonnen, met gemiddeld zo'n 0,1 procent uranium; in 1000 kilo gesteente zit dan een kilo uranium. In deze situatie is - gerekend over de verwachte levensduur van 30 jaar - de totale CO2 uitstoot van een kerncentrale 30% van die van een gas-gestookte centrale.
   
   Er is echter slechts een beperkte hoeveelheid rijker uraniumerts: met deze hoeveelheid kan drie maal het huidige gebruik aan elektriciteit wereldwijd worden opgewekt. Wanneer vanwege het broeikaseffect meer kerncentrales gebouwd worden, zal men over tien tot vijftien jaar moeten overgaan op ertsen met een lager gehalte aan uranium. Dan moet veel meer gesteente afgegraven en verwerkt worden voor eenzelfde hoeveelheid uranium. Daardoor stijgt de CO2 uitstoot.
   
   Bij een ertsgehalte van 0,02 procent is de CO2-uitstoot door een kerncentrale 60% van die van een gascentrale. Een kerncentrale moet in dit geval 14 jaar elektriciteit leveren, voordat er CO2-winst optreedt. Bij nog armere ertsen van 0,01% is een kerncentrale verantwoordelijk voor meer CO2-emissie dan wanneer dezelfde hoeveelheid elektriciteit verkregen zou zijn door meteen fossiele brandstoffen te verbranden .
   
   2. Kernenergie stagneert
   
   Ook in het geval we doen alsof kernenergie nauwelijks CO2 uitstoot, zal kernenergie geen oplossing voor het probleem betekenen. Marvin Fertel van de Amerikaanse kernlobbygroep Nuclear Power Institute, stelde in februari 2003 dat er duizenden kerncentrales nodig zijn om - in zijn visie - de klimaatverandering effectief te bestrijden . Dat is onhaalbaar.
   
   Wereldwijd zorgden in 2003 de 440 kerncentrales (met een elektrisch vermogen van 357.000 Megawatt) voor een paar procent van de energieproductie; afhankelijk van de gebruikte rekenmethode gaat het om 2,7% of 6,9% . De kerncentrales produceerden in 2003 ongeveer 2450 miljard kilowattuur . Bestrijding van het broeikaseffect vereist een sterke toename van het aantal kerncentrales, maar dit aantal stagneert. Tussen 1988 en augustus 2003 is het aantal kerncentrales wereldwijd met slechts 11 toegenomen. Het International Energy Agency verwacht dat er de komende tien tot twintig jaar behalve in Z-Korea en Japan niet of nauwelijks kerncentrales worden gebouwd in de OECD-landen.
   
   3. Beperkte voorraad uranium
   
   Sterke groei van de kernenergie stuit op de beperkte voorraad uranium. De meest recente schattingen van die voorraad staan in een rapport van het Nuclear Energy Agency (NEA) van 10 september 2002 . Volgens dit rapport bedragen de bewezen voorraden 2,85 miljoen ton. De geschatte voorraden op grond van redelijk betrouwbare gegevens zijn nog eens 1,08 miljoen ton. Deze twee categorieën samen noemt het NEA de bekende voorraden. Het gaat dus om 3,93 miljoen ton uranium. Daarnaast noemt het NEA de niet-ontdekte en speculatieve voorraden van 12 miljoen ton uranium. <
   
   Hoelang gaat de bekende voorraad uranium mee? Dat is natuurlijk afhankelijk van de vraag. Het Internationale Atoom Energie Agentschap (IAEA) te Wenen schatte in 1976 dat in het jaar 2000 wereldwijd kerncentrales een vermogen van 2.300.000 Megawatt zouden hebben , dus 6,5 keer zoveel als er nu daadwerkelijk aan kerncentrales staat. De kerncentrales gebruiken nu jaarlijks 64.000 ton uranium . Indien de verwachtingen uit de jaren zeventig voor de bouw van het aantal kerncentrales zou zijn uitgekomen, was zou er jaarlijks 400.000 ton uranium nodig zijn en was de bewezen voorraad het uranium al over een jaar of twee op. Juist vanwege de beperkte voorraad uranium wilde de kernindustrie overgaan op kweekreactoren, maar dat is een mislukking uitgelopen .
   
   Het NEA heeft in het rapport over de uraniumvoorraden ook uitgerekend hoelang de voorraad meegaat. Daartoe heeft het NEA een prognose gemaakt van het aantal kerncentrales tot 2050 volgens drie scenario's: evenveel als nu, 2,5 keer zoveel en 4,5 keer zoveel kernenergie. Als kernenergie niet toeneemt is er voldoende tot 2050. Bij 2,5 keer zoveel kernenergie is de bewezen voorraad op in 2041. Bij de hoge groei van kernenergie is de bewezen voorraad op in 2029. Tot 2050 is dan nog eens 2 miljoen ton nodig uit nog niet ontdekte voorraden. Het NEA stelt dan ook dat investeringen in de uraniumwinning nodig zijn om de toekomst van kernenergie te verzekeren .
   
   4. Uraniumtekort dreigt
   
   De winning van uranium is een krimpende markt waar ontslagen vallen. Dit komt door de ontwikkelingen sinds de jaren zeventig. Men schatte destijds dat rond het jaar 2000 zo'n 0,4 miljoen ton uranium jaarlijks nodig zou zijn om de kerncentrales draaiende te houden. De uraniumwinning werd hierop toegerust. Wereldwijd plaatsten elektriciteitsbedrijven alvast hun bestellingen.
   
   De bouw van kerncentrales ging echter veel trager dan verwacht.Zo ontstond een aanzienlijke overcapaciteit op de uraniummarkt voor, gekoppeld aan voorraden bij elektriciteitsbedrijven. Daardoor daalden de prijzen en sloten steeds meer uraniummijnen. De productie is nu 36.000 ton per jaar, terwijl de vraag 64.000 ton uranium per jaar bedraagt . Aan de overcapaciteit op de uraniummarkt komt echter een einde. In december 2003 werd duidelijk dat er binnenkort al een tekort aan uranium dreigt .
   
   5. Klein verschil
   
   De kernindustrie rekent met een te verwaarlozen CO2-emissie door kernenergie. Zo ook het Nuclear Energy Agency te Parijs. Het NEA heeft een scenario waarbij in het jaar 2100 uit kernenergie 18 keer zoveel stroom komt als nu. Dat vereist de inbedrijfname van gemiddeld zo'n 60 grote kerncentrales per jaar.
   
   Maar ook met de door de kernindustrie geplande uitbouw van het aantal kerncentrales gaat de -
9. [verwijderd] 24 augustus 2005 19:51

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Een bezoeker van dit forum wees net op Cameco (CCJ) als interessante belegging in de "kernenergiesector". Areva is mogelijk ook een aardige belegging: www.areva.com/servlet/ContentServer?p...
10. [verwijderd] 2 september 2005 19:33

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Research report on uranium firms published
    --------------------------------------------------------------------------------
    
    Equity research company Resource Capital Research, which focuses on small resource companies, yesterday launched a major quarterly research report covering 20 global uranium exploration and development companies with a focus on Australia, Canada and the US.
    
    Over 120 junior and mid cap explorers and development companies are identified with a total market capital exceeding $4,2 billion.
    
    The report reviews companies active in established uranium districts globally, including the Gawler Craton (Olympic Dam Uranium Mine) and the Frome Embayement (Beverley and Honeymoon) in South Australia, Arnheim (Ranger, Jabiluka) to Westmoreland in northern Australia, the Athabasca Basin in Canada (McClean Lake, McArthur River), the Great Divide Basin in Wyoming, US and the Damara Orogen, Namibia (Rossing, Langer Heinrich).
    
    www.miningweekly.co.za/min/news/break...
12. [verwijderd] 2 september 2005 19:34

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Kon niet uitblijven:
    
    Last Updated 02/09/2005, 14:12:39 Select text size:
    
    Australia's Foreign Minister Alexander Downer has outlined a timetable for negotiations over the sale of Australian uranium to China.
    
    Mr Downer said China's demand for uranium could equal Australia's entire annual export earnings by 20202.
    
    But he said that nuclear energy would not be a feasible option for Australia for some time.
    
    Our reporter Nick Lucchinelli says negotiations are under way for Australia to feed what Mr Downer describes as the voracious Chinese appetite for energy.
    
    Mr Downer said having the largest source of obtainable uranium in the world could allow the government to promote nuclear non-proliferation.
    
    The Minister said strict safeguards would ensure uranium sold to China is not used for military purposes.
    
    "We would need to have the capacity to inspect how our uranium is being used and that's an issue we'll work through with them," he said.
    
    Mr Downer expects negotiations will be completed by the end of next year.
    
    www.radioaustralia.net.au/news/storie...
13. [verwijderd] 2 september 2005 19:37

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Press Release Source: Cameco Corporation
    
    Cameco Announces $300 Million Debenture
    Wednesday August 31, 9:56 am ET
    
    SASKATOON, Saskatchewan--(BUSINESS WIRE)--Aug. 31, 2005--Cameco Corporation (TSX:CCO - News; NYSE:CCJ - News) announced today that it has entered into an agreement with two underwriters, under which they have agreed to purchase from Cameco and resell $300 million of unsecured debentures. The company will file a preliminary short form prospectus with securities regulatory authorities in all Canadian provinces in connection with the sale of the debentures to the Canadian public. The debentures may be sold on a private placement basis in the US according to the rule 144A exemption. The offering is subject to customary securities regulatory approvals and closing conditions and is expected to close on or about September 16, 2005.
    
    Cameco plans to use the net proceeds of this offering principally for retiring outstanding commercial paper, planned capital expenditures and general corporate purposes. The company's planned capital expenditures include developmental and sustaining capital at its uranium and conversion facilities. The company's commercial paper program is used for capital expenditures and general corporate purposes which may include the funding of acquisitions.
    
    The debentures have been rated A (low) by Dominion Bond Rating Service Limited and BBB+ by Standard & Poor's Rating Service. Each debenture has a minimum denomination of $1,000 and will bear interest at an interest rate of 4.70% per annum payable semi-annually in arrears on March 16 and September 16 in each year commencing March 16, 2006 and will mature on September 16, 2015. The debentures are unsecured obligations of the company.
    
    Cameco's credit has been rated A (low) by Dominion Bond Rating Service Limited, BBB+ by Standard & Poor's Rating Service and Baa 2 by Moody's Investors Service, Inc.
    
    The debentures have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States to any person absent registration or an applicable exemption from registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the debentures in the United States.
    
    Cameco, with its head office in Saskatoon, Saskatchewan, is the world's largest uranium producer. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.
    
    Statements contained in this news release which are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market prices for uranium, electricity in Ontario and gold; the impact of the sales volume of uranium, conversion services, electricity generated and gold; competition; the impact of change in foreign currency exchange rates and interest rates; imprecision in reserve estimates; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; a possible deterioration in political support for nuclear energy; changes in government regulations and policies, including trade laws and policies; demand for nuclear power; replacement of production and failure to obtain necessary permits and approvals from government authorities; legislative and regulatory initiatives regarding deregulation, regulation or restructuring of the electric utility industry in Ontario; Ontario electricity rate regulations; weather and other natural phenomena; ability to maintain and further improve positive labour relations; operating performance of the facilities; success of planned development projects; and other development and operating risks.
    
    Although Cameco believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. Cameco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
    
    Cameco Corporation (TSX:CCO - News; NYSE:CCJ - News)
    
    biz.yahoo.com/bw/050831/315385.html?.v=1
14. [verwijderd] 6 september 2005 12:03

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Miner signals uranium push
    
    BEN SPENCER
    
    A WA uranium mining company says further increases in uranium prices similar to the past two years would force it to consider seeking approval to mine its big Pilbara deposit.
    
    With the uranium price about $30.20 a pound - up 200 per cent in just over two years - one analyst said a price of $50 was not out of the question when demand for nuclear energy rose in the northern winter.
    
    Paladin Resources managing director John Borshoff, whose company owns the Manyingee deposit south of Onslow, said Paladin was content to sit on its deposit for now.
    
    But he said if prices reached $45 it would become an issue and the company would be compelled to start looking into feasibility studies and other preliminary works.
    
    The Manyingee deposit and Nova Energy's Centipede-Millipede deposit, south of Wiluna, are covered by mining approvals granted before the State Government's no-uranium mining policy came into effect in June 2002. Soaring prices have stimulated interest in deposits in recent months, leading Minerals Council of Australia chief executive Mitchell Hooke to describe as flawed the no-new mines policies of Queensland, NSW, Victoria and WA.
    
    Premier Geoff Gallop, who has repeatedly stated his opposition to uranium mining, came under fire from Opposition Leader Matt Birney last week after it was revealed five mineral leases covering uranium deposits were still valid, throwing the uranium ban into question.
    
    Mr Borshoff said any Government move to force mining companies to relinquish leases approved before June 2002 would meet fierce opposition and compensation claims of hundreds of millions of dollars.
    
    A Department of Industry and Resources spokesman said having a valid lease did not mean a company had a clear path to start mining uranium. He said any proposal would be referred to the Environmental Protection Authority for assessment and approval was needed from the State Environment Minister.
    
    In Jakarta, Federal Treasurer Peter Costello said Australia should consider nuclear power and boost uranium exports.
    
    He said it would seem strange to boost uranium exports while at the same time ruling out its use in Australia.
    
    Mr Costello said that ultimately it would be up to energy companies to decide if it was economically viable.
    
    www.thewest.com.au/20050906/news/gene...
15. [verwijderd] 6 september 2005 12:05

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Uranium looks strong
    
    By TOM MAST
    Star-Tribune staff writer Tuesday, September 06, 2005
    
    Demand for uranium is expected to exceed supplies over the next decade, an international equity research company predicts.
    
    Resource Capital Research of Sydney, Australia, says much of the increased demand will come with the development of 130 new reactors expected over the next 15 years in developing countries. China, for example, plans to build 27 new nuclear reactors by 2020, and India intends to construct 17 by 2012.
    
    Supply at the moment is hampered by a lack of new mine production and declining inventory, the report states. World demand for uranium is at about 169 million pounds per year, while mine production is at about 106 million pounds. The rest comes from inventory -- primarily, the down-blending of weapons grade uranium.
    
    "After nearly 25 years in the doldrums, the uranium industry is undergoing a major resurgence worldwide with uranium exploration and property acquisition at a high level," John Wilson, the report's author, said in a prepared statement. "The share prices of companies, many of them newly formed, with uranium assets have moved sharply upward."
    
    He said that advance exploration and development stage companies have done particularly well over the past year in terms of share prices, including Paladin (up 760 percent), Laramide Resources (up 735) and Summit Resources (up 1,160 percent).
    
    In Wyoming, US Energy of Riverton has been active in the Sheep Mountain area. Sheep Mountain and the Shootaring Canyon Mill in Utah are both permitted for operations subject to approval of amended activity statements. The target for restarting the mill is 2007, according to the report.
    
    A scoping study of Wyoming properties by Energy Metals Corp. is expected in the first quarter of 2006. The company has been active in the Great Divide Basin. It has 16 properties with historical uranium resources within a 25-mile radius of Rawlins.
    
    Strathmore Minerals has advanced projects in New Mexico with potential for in-situ leach development. In Wyoming, the company has property near Cameco's Smith Ranch Highland's project and Cogema's Christenson Ranch.
    
    The outlook for uranium price, currently at about $30 per pound, remains strong, with tight supplies creating the potential for price spikes in 2006.
    
    "Current market pressures are stronger than initially predicted and current sentiment is that the uranium price could maintain this level or increase over the next 12 months subject to activity of the physical funds," the report says.
    
    The report notes that environmentalists around the world are split over nuclear power. In some quarters, fears about global warming and the desire to reduce greenhouse gases associated with coal-powered plants have increased support for nuclear power.
    
    Business editor Tom Mast can be reached at tom.mast@casperstartribune.net, or call 307-266-0574.
    
    www.casperstartribune.net/articles/20...
16. [verwijderd] 7 september 2005 14:51

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Uranium mining interest beyond expectation: Minerals Council
    The Minerals Council says interest in uranium has swelled beyond expectations in the month since the Commonwealth took control of approving new mines in the Northern Territory.
    
    The council's Kezia Purick says there are now 25 companies mining and looking for uranium in the Territory, or interested in doing so, compared to about 16 a few weeks ago.
    
    She says most of the explorers are Australian, alongside three Canadian companies and one French.
    
    "We have a mixture of large corporates for example the Rio Tintos and companies of that level," she said.
    
    "But we have some medium-sized companies, Paladin Resources. And then we have a swag of junior exploration companies.
    
    "A lot of them out of Western Australia because that's obviously a big heartland of the mining industry for Australia."
    
    Ms Purick says there is no reason why most of the companies now exploring cannot progress to actual mining.
    
    "I mean it's not unusual for a company to take between five and 10 years from the beginning of exploration to a financial commitment to mine and that will be the same for this enthusiasm and burst of interest in the Northern Territory.
    
    "It could be we have a mine within two to five years and then we could perhaps another one or two, 10 years, five years after that."
    
    www.abc.net.au/news/newsitems/200509/...
17. [verwijderd] 7 september 2005 15:23

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    China to build 10 nuclear reactors in East
    
    China Power Investment Corp., one of the country's major electricity firms, plans to build 10 1,000-megawatt nuclear reactors in the provinces of Shandong and Liaoning to ease reliance on coal, reported Reuters.
    
    2005-09-05 19:27
    
    It did not say which nuclear technology would be used or when the project's construction was scheduled to begin and end. "We will build six 1,000-megawatt reactors at Haiyang in East China's Shandong province, as well as four similar ones at Hongyanhe, Dalian in Liaoning province," the China Daily quoted a senior director of the firm as saying.
    
    China relies on coal for 70 percent of its booming energy demand. It has the biggest coal mining industry in the world, but also the most dangerous: last year, more than 6,000 people were killed in mining accidents nationwide. Coal burning has also contributed to China's environmental woes, and the country is the world's second-largest producer of greenhouse gasses.
    
    Liu Changqing, the senior director with the China Power Investment Corp., told the newspaper the central government had already given preliminary project approvals, including the environmental protection and safety assessments. Further "procedures" needed to be examined by the National Development and Reform Commission before infrastructure construction could start, it said. China is investing some 400 billion yuan ($48 billion) in building 30 nuclear reactors by 2020, according to the China National Nuclear Corporation.
    
    The Russian Atomstroyexport is constructing two 1,000-megawatt units at Tianwan NPP. At the moment the preparation for the fuel loading in the first reactor is in progress and should took place this month. The Atomstroyexport is also taking part in the tender for construction of the four reactor units in China.
    
    China now has nine reactors, generating around 2.3 percent of its electricity, Reuters reported.
    
    www.bellona.no/en/international/russi...
18. [verwijderd] 1 oktober 2005 13:02

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Interesse voor uranium houdt aan. Logisch bij een alsmaar hoog (??) blijvende olieprijs:
    
    Plans for Uranium Plant Debated
    Sep 30, 2005, 05:12 PM
    
    Federal regulators have listened to strong arguments for and against a plan to build a new uranium enrichment plant in southern Ohio.
    
    At a hearing Thursday night in Pike County, a spokeswoman for Congressman Ted Strickland said good reasons to support the project are estimates that it will create 3,300 jobs during construction and another 1,500 to operate the plant.
    
    But some area residents said what's more important are concerns about the safety of the facility's neighbors and workers.
    
    USEC Incorporated wants to build a $1 billion state-of-the-art enrichment plant at the company's existing site in Piketon. The Nuclear Regulatory Commission expects to issue a decision on whether to grant an operating license in early 2007.
    
    (AP Credit: Fred Kight, WOUB, Athens)
    
    (Copyright 2005 by The Associated Press. All Rights Reserved.)
    
    www.onnnews.com/Global/story.asp?S=39...
    
19. [verwijderd] 2 oktober 2005 13:55

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Uranium's New Kid on the Block Will Be the Biggest
    
    By David J. DesLauriers
    29 Sep 2005 at 11:49 AM EDT
    
    TORONTO (ResourceInvestor.com) -- The Endeavour people now have a uranium vehicle, and as usual they have gone big. The presently halted Signature Resources [TSXv:SRZ] is the putative subject of an RTO and a name change to UrAsia Energy.
    
    The team will include Ian Telfer as non-executive Chairman, and the board of directors will consist of Phillip Shirvington, Frank Giustra, Bob Cross, Douglas Holtby, Dr. Massimo Carello and one other to be determined. The officers will be Phillip Shirvington, president and chief executive officer, and Gordon Keep, chief financial officer and secretary. Half of this list are former Yorkton, Endeavour people who are part of almost all of the large mining deals in Canada and in Europe.
    
    This project is designed to be the blue chip vehicle for institutions to participate in the uranium bull market predicted by an increasing number.
    
    Financing
    
    “UrAsia has agreed to enter into a brokered private placement through a syndicate led by Canaccord Capital Europe Ltd. and including BMO Nesbitt Burns and GMP Securities Ltd. of subscription receipts at an estimated price of $2.00 (Canadian) to $2.50 (Canadian) per share to raise gross proceeds of $300-million (U.S.). The agents will also be granted a greenshoe option of up to $125-million (U.S.).”
    
    Knowing this group, and the appetite for uranium, the greenshoe will most likely be filled. $425 million is one hell of a lot of money – more than was raised for Wheaton River in the early days, and it is also a big vote of confidence in Kazakhstan where all of the proposed assets are located.
    
    Kazakhstan
    
    This will be, by my count the third Endeavour related vehicle operating in Kazakhstan, the two others being European Minerals [TSX:EPM], and Oriel Resources [TSX:ORL].
    
    As we told readers in late June when we reported on the Oriel story, Kazakhstan is a better place to do business than people realize.
    
    The GDP of Kazakhstan is 41 billion dollars, which is more than the combined GDP of the four other ‘Stans’ and also more than the combined GDP of Georgia, Armenia and Azerbaijan.
    
    "We (Kazakhstan) have done extremely well as compared to other Stans in the neighborhood," Kazakhstan President Nursultan Nazarbayev told United Press International in an interview. "We have one third of Central Asia's population and three fourths of its natural resources," he said.
    
    Nazarbayev also told a recent gathering at the fourth Eurasian Media Forum that with radical market reforms he has hiked the per capita GDP of Kazakhstan from over $700 a decade ago to $2,700 by the end of last year.
    
    Nazarbayev has pledged to the country's over 15 million people that by year 2010, the per capita GDP would be $5,800 making it first post Soviet Union nation to reach at par with Czech Republic, Hungary, Poland and Malaysia.
    
    Indeed, Kazakhstan does appear to be a cut above the madness going on in the Stans right now, and investors forget, or are unaware of the fact that the country has the same bond rating as Mexico.
    
    Assets
    
    UrAsia has the option to acquire a 30% indirect interest in the Kharassan uranium project located in south-central Kazakhstan in consideration for $75-million of which $37.5-million is payable in cash and $37.5-million is payable by the issuance of ordinary shares of UrAsia at the financing price. The other 70% interest in the project is held by Kazatomprom and another Kazakhstani entity.
    UrAsia has also entered into a memorandum of understanding pursuant to which it can acquire an indirect 70% interest in the Betpak Dala joint venture, which has interests (described below) in two uranium projects in Kazakhstan in consideration for $350-million, payable as to $234-million in cash and the balance by the issuance of ordinary shares of UrAsia at the lower of the financing price.
    UrAsia also intends to submit an offer to a public tender by the Kyrgyzstani government for the purchase of a 72% interest in the Kara Balti uranium mill, located in Kyrgyzstan.
    Conclusion
    
    It would appear that if this is consummated, UrAsia would have a market capitalization larger than all of the Canadian listed uranium plays save Cameco [TSX:CCO]. I believe that honour currently goes to International Uranium [TSX:IUC].
    
    All of the assets will be concentrated in Kazakhstan, and by all appearances uranium reserves will be huge, the partner will be Kazakhstan’s state energy company, and there will likely be uranium production in fairly short order.
    
    The company will be run by a group that can raise money, promote, and has excellent relationships with the institutions. If uranium runs, this thing will be at the top of the list. One wonders if there will be a publicly listed, long life warrant?
    
    www.resourceinvestor.com/pebble.asp?r...
20. [verwijderd] 3 oktober 2005 14:28

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Govt steps up uranium hunt
    Monday October 3 2005 09:09 IST
    NEW DELHI: Close On the heels of the Cabinet’s green signal to beef up nuclear power generation at Jaitapur, Kakrapar, Rawatbhata and Kundalkulum, Prime Minister Manmohan Singh has imparted urgency to nationwide exploration for uranium.
    
    Last month, the Prime Minister directed the Minister of State (PMO) Prithviraj Chavan—who is also a member of the Atomic Energy Commission—and Atomic Energy Commission Chairman Anil Kakodkar to visit the uranium mines in Jaduguda in Jharkhand.
    
    This was the first ministerial visit to Jaduguda since 1971, when the then Union Minister Nandini Satpathy had visited the open pit mines.
    
    Jaduguda’s current mining capacity is around 2,800 metric tonnes with average ore grade content (uranium oxide) less than 0.067 per cent as compared to 14 per cent in Canada and 16 per cent in Australia.
    
    Sources in the government confirmed that the UPA government wants to beef up its uranium stockpile and is looking at beginning mining at Domiasiat in Meghalaya, Lambapur-Peddagattu in Andhra Pradesh and new sites around Jaduguda.
    
    There are two reasons for stepping up mining of uranium ore. First, if the US Congress approves the Indo-US nuclear deal, India will be able to buy yellow cake (uranium oxide) and fuel from international market and boost its nuclear power generation.
    
    The current production of nuclear power is pegged at a mere 3,120 MW—way below the projected 10,000 MW by the Department of Atomic Energy by 2000.
    
    The other reason being that once India separates its civilian and nuclear facilities, the much-required uranium ore can be used for maintaining a minimum credible nuclear deterrent posture.
    
    The Domiasiat open pit uranium mine, which was explored way back in 1992, is 135 kilometre south of Shillong and is estimated to have nine million tonnes of uranium ore.
    
    The average ore grade content (uranium oxide) is pegged at 0.104 per cent. However, before the mining is taken up in earnest, the Meghalaya cabinet will have to approve the decision. Last month, the Centre asked the state government to expedite the decision.
    
    The Centre is also exploring the option of starting mining at Lambapur-Peddagattu near the Nagarjunasagar dam in Andhra Pradesh and had approached the state Pollution Control Board for environmental clearance.
    
    The board has sent its rather non-committal report, the Lambapur mine has an average ore grade content of 0.052 per cent.
    
    But with the NGOs up in arms over environmental impact of uranium mining, the Centre wants to shift the ore processing facility away from the site.
    
    Besides, the government is also seriously considering mining new sites in Jharkhand. These include Bhatin (around 150 metric tonnes per day); Naruvapaha (around 1200 metric tonnes per day); Turanvi east (750 metric tonnes per day); Bandhuran (2300 metric tonnes per day) and Bagajhata (around 365 metric tonnes).
    
    www.newindpress.com/NewsItems.asp?ID=...
21. [verwijderd] 3 oktober 2005 14:29

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Uranium sector: another stockmarket bubble? PRINT FRIENDLY EMAIL STORY
    PM - Tuesday, 27 September , 2005 18:42:21
    Reporter: Neal Woolrich
    MARK COLVIN: It's not so long since the dot-com crash but already another stockmarket bubble could be emerging, in Australia's uranium sector.
    
    There's been a flood of small uranium miners listing recently, and some shareholders have almost doubled their money.
    
    Last night the former prime minister Bob Hawke kept the nuclear energy debate alive by suggesting that Australia could host a nuclear waste dump.
    
    But analysts warn that there's very little real activity out in the field, and most of the action is in boardrooms.
    
    Neal Woolrich reports.
    
    NEAL WOOLRICH: Monax Mining is one of several small uranium explorers to have listed on the Stock Exchange recently.
    
    Last week it enjoyed a spectacular debut, hitting the markets at 34 cents, almost 75 per cent above its issue price.
    
    Its $5 million capital raising was over-subscribed – not bad for a company which has only recently been granted two exploration licences in South Australia.
    
    But Monax's Executive Director Neville Alley says the company isn't being distracted by the market hype around uranium stocks at the moment.
    
    NEVILLE ALLEY: It doesn't worry us. It's important to have good awareness out there in the market and have the market support, but we intend to ensure that we're going to get out there and get on with our business so that our share price continues to look attractive for investors.
    
    NEAL WOOLRICH: Uranium continues to be a hot topic in Australia's energy debate.
    
    The former prime minister Bob Hawke kept the issue bubbling overnight when he suggested that Australia could host a nuclear waste dump.
    
    But that idea was quickly dismissed by the Labor leader Kim Beazley and the Greens.
    
    The price of uranium has more than trebled in five years, sparking growing interest in the sector in Australia.
    
    And nuclear power is increasingly being suggested as a cleaner energy source than coal generators.
    
    Monax Mining's Neville Alley says these factors were important in the company's decision to explore for uranium.
    
    NEVILLE ALLEY: That was an important part of our decision-making process on electing to go into uranium exploration, but I mean saying it, it's an important part of our portfolio, but it's not the only part.
    
    NEAL WOOLRICH: And Neville Alley says he's confident that Monax's suite of assets, not just in uranium, will make a solid long-term investment.
    
    But energy analysts warn that Australia's uranium sector is showing all the signs of an emerging stockmarket bubble.
    
    Far East Capital Managing Director Warwick Grigor says most of the investments by shareholders and companies are highly speculative.
    
    WARWICK GRIGOR: Companies and investors have cottoned onto the fact that we're seeing a major shift in the debate on uranium, nuclear power, tied up with the greenhouse gasses, Kyoto, all that sort of thing. And we're seeing a major structural change.
    
    Companies are out there scrambling to get hold of anything that's go uranium attached to it, just because they want a seat at the table. So it's really all happening in boardrooms and in meetings. Very little is actually happening out in the field at present.
    
    NEAL WOOLRICH: Warwick Grigor says that one in 10 of the current batch of uranium companies might deliver something of lasting value, but the rest are being pumped up by a boom in the uranium sector.
    
    WARWICK GRIGOR: Booms are never totally healthy, because they always have a bust afterwards.
    
    I think investors need to really have a look, and there's a lot of rubbish out there, and they need to keep their heads about them. At the moment there's a lot of inexperienced players in mining racing in to buy anything that's got uranium attached to it. And it's got all the signatures of the crazy buying that we saw in the dot-com boom.
    
    MARK COLVIN: Warwick Grigor, the Far East Capital Managing Director, with Neal Woolrich.
    
    www.abc.net.au/pm/content/2005/s14697...