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Post by clone on Apr 10, 2011 8:30:51 GMT -8
Crisis at Cigar Lake: Time to Back Up the Truck on Uranium Stocks? The uranium industry is reeling. On October 23, Cameco, the world’s largest yellowcake producer, announced that its Cigar Lake mine had sprung a leak. Early attempts to seal the affected area failed, and the underground workings are now completely flooded. This is a pivotal development. Cigar Lake is the world’s largest undeveloped uranium deposit, holding 232 million pounds U3O8 at a grade of 19%. Production from the mine was supposed to begin in early 2008; at peak, it was thought that the mine would have provided 17% of world uranium supply. www.escapeartist.com/OREQ25/Uranium_Stocks.html
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Post by clone on Apr 10, 2011 8:35:10 GMT -8
Camenco Corporation: No Production in 2011 for Cigar Lake! Topic: Uranium Mining Stocks — February 16th, 2009 The ingress of water at Cigar Lake continues to be problematic as Cameco anticipates that production from this project is somewhere beyond 2011. How far beyond 2011 is not clear as this type of work presents engineers with an enormous and complex task. www.uranium-stocks.net/cameco-corporation-no-production-in-2011-for-cigar-lake/
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Post by clone on Apr 10, 2011 8:38:47 GMT -8
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Post by clone on Apr 10, 2011 8:41:19 GMT -8
Uranium Mining and Exploration Idemitsu has been undertaking exploration and development activities of uranium in Canada since 1982. Uranium is regarded as an important player in energy industry, particularly for power generation. Idemitsu owns 7.875% equity of the Cigar Lake Joint Venture that is constructing the mine at Athabasca Basin in northern Saskatchewan. The Cigar Lake uranium deposit is one of the highest grade and largest uranium reserves in the world. www.idemitsu.com/products/resource/uranium.html
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Post by clone on Apr 10, 2011 8:47:22 GMT -8
What’s the Alternative to Nuclear Colonialism in the North? Background paper for Keepers of the Water IV, Wollaston Lake, Aug. 21, 2010 by Jim Harding, Retired professor of environmental and justice studies, author Canada’s Deadly Secret: Saskatchewan Uranium and the Global Nuclear System (Fernwood, 2007) The public outcry that led to Nova Scotia’s moratorium was triggered by uranium exploration. The “free entry” of mining companies staking uranium claims on Aboriginal, cottage and farm land during the uranium bull market in 2008 also sparked a coalition to ban uranium exploration in the Ottawa Valley. New Brunswick protests led to changes to the Clean Water Act to protect drinking water sources from uranium contamination. In expressing support for the Ardoch Algonquin, the Union of B.C. Chiefs noted former Chief Robert Lovelace “was sentenced to six months in jail and fined $25,000 for his participation in an ongoing peaceful protest over uranium exploration on Algonquin traditional land.”[ii] .... When uranium mining was expanded in the 1980s the NDP government claimed it would be state-of-the- art and environmentally safe. Since then there have been major radioactive spills at Key Lake (1984) and Rabbit Lake (1989), and massive mine flooding at McArthur River (2003) and Cigar Lake (2006, 2008). As regularly happens at tailings ponds in Alberta’s tar sands, there are ongoing spills at uranium tailing ponds and dumps that never get reported. Heavy metals like arsenic and lead and carcinogens like benzene are spilled from the tar sands into adjacent waterways. In addition to toxic heavy metals like arsenic and nickel, uranium mines leach or spill thorium and radium that will be radioactive for thousands of years. When the uranium in the tailings finally stabilizes it turns into lead, still a toxic metal. www.cleangreensask.ca/Home/jim-harding-s-column/what-s-the-alternative-to-nuclear-colonialism-in-the-north
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