September 29, 2009

Mega takes lead in uranium race: Barnett government

CANADIAN miner Mega Uranium has been granted the first uranium-specific mining lease to be approved by the Barnett government as the race to build the state's first uranium mine heats up.

Mega executive vice-president project development, Peter McNally, told The Australian yesterday the company received the approval several days ago and hoped to start construction at its Lake Maitland prospect in the eastern goldfields by mid-2011.

While numerous approvals are still needed, Mr McNally said Mega was well-advanced in the design phase to build a small uranium processing plant to export about 750 tonnes a year from early 2012.

The project, which is a joint venture with Japan's JAURD and Itochu Corporation, is worth up to $3 billion in exports over its 10 to 12-year life.

Four other companies with uranium deposits have also had uranium exclusion clauses removed from agreements as the WA government powers ahead with establishing the industry, but Mega's timetable puts it firmly in the lead.

Premier Colin Barnett, who overturned the former Labor government's ban last year, said uranium mining was potentially the state's most significant new sector of minerals development.

Last week, he warned the Labor opposition to get its cheque book ready if it did not get on board.

"If the Labor Party, should it ever return to power, is going to try to close the industry down, then you had better put into your forward estimates hundreds of millions of dollars of compensation funded by the taxpayer," the Premier said.

Mr McNally said Mega expected to have its export contracts in place before the election, which is not due until 2013.

The Lake Maitland deposit is estimated at about 12,000 tonnes, but Mr McNally said it was likely to grow.

"From recent exploration work, Mega increased the resource in the vicinity of 15 per cent, which is quite significant, and we're continuing to explore to the south," Mr McNally said. 'We expect to find more."

Could this be the good news we've been patiently awaiting, I surely hope so Up .75 P/Lb to US$42.75
Edit 29th Sept 2009

Australian Uranium Company QuickSearch
Direct Links

June 2009 Uranium Company QuickSearch Financial Quarterly Statements



September 28, 2009

Nuclear Power Plant Operators Rise On German Center-Right Win

FRANKFURT (MarketWatch)

Sept. 28, 2009

German stocks and nuclear power plant operators in particular rose, while solar-related companies dropped Monday after election results indicated that a center-right coalition will be formed.

In Sunday's election, Chancellor Angela Merkel's conservative CDU/CSU bloc won 33.8% of the vote, while the pro-business Free Democratic Party (FDP) captured 14.6% of the vote, according to projections by German television ARD, allowing for the creation of a center-right coalition.

"The German market usually performs better after CDU/FDP wins," said Martin Lueck, economist at UBS, in a note to clients. "Last night's outcome should therefore be good news for the market."

Germany's center-right parties generally want to reduce taxes and create investment incentives.

tturaniuminvest !
Could this be the trigger to set the Uranium spot into an uptrend
fingers crossed that it is.

Current Spot Price

Red US$ Green Canadian$ Blue Australian$

South Australian Government Support Of Alliance Resource's Huge High Grade B4 Uranium Resource

AGS and Heathgate will have a very profitable mine from existing announced resources. But so much more is yet to come. The geological landscape around B4M is so uranium rich that the Blue Bros are having sleepless nights. The recent announcement of more finds to the North of Beverly are a precursor to more announcements from B4M. The following is in the public arena but is it in the public awareness. But the Mr Rann is well aware of the importance of B4M.

Sam Walker (Team Leader — Project Facilitation, Mineral Resources Group, PIRSA)
"The geological settings are different to the Beverley uranium system which is hosted in Miocene sand channel systems of the Namba formation. Four Mile mineralisation is within reduced Eocene sands and sandy siltstones interpreted toi belong to the Eyre Formation which locally overlies Mesoproterozoic basement

In January 2008 Quasar Resources and Alliance Resources announced concept plans for staged development of the Four Mile deposit. Stage 1 plan utilises in situ leach mining at an initial capacity of 1.5 Mlbpa from the Four Mile East deposit, commencing in 2010.

Stages 2 and 3 provide for a progressive increase to a projected 3 Mlbpa in Stage 2 and 4.5 Mlbpa in Stage 3 with production from new well fields at Four Mile East and Four Mile West.

The Four Mile Project currently has a resource of 3.9 Mt at 0.37% U3O8 for 15 000 t, or 32 Mlb of U3O8 within the Four Mile West deposit.

High-grade drilling results from the nearby Four Mile East deposit indicate the potential for a significant upgrade to the total resource. It is estimated currently that Four Mile East may contain 13 500 – 21 500 t (30–47 Mlb) of U3O8."

VISIT MY tturaniuminvest HOMESITE

September 22, 2009

Video Archive Footage Looking Back At Nuclear Energy & Mining In The 1970's U.S. Footage


Here's An excellent film about the benefits of nuclear power.
Made in the 1970's.
Included is footage of Cotter Corporation's Schwartzwalder Mine
in Colorado and the Canon City Mill.


A (late 1970's?) BBC Production. Shows in detail how hydrothermal primary and secondary sedimentary deposits are formed. Shows uranium mining activities and equipment. Includes footage from the following Uranium Mines

Schwartzwalder Mine, Near Boulder, Colorado
King Solomon Mine near Uravan, Colorado
Key Lake Mine , Saskatchewan, Canada

September 21, 2009

Free Instant Stock Analysis

A Little Of Topic
But Here's A Couple of Links
For The Gold Bugs



What exchanges does MarketClub cover?

* National Association of Securities Dealers Automated Quotations (NASDAQ)
* New York Stock Exchange (NYSE)
* American Stock and Options Exchange (AMEX)
* Toronto Stock Exchange (TSX)
* Canadian Venture Exchange (CDNX)
* New York Mercantile Exchange (NYMEX/COMEX)
* New York Board of Trade (NYBOT/CSCE/NYCE)
* Chicago Mercantile Exchange (CME)
* Chicago Board of Trade (CBOT)
* Intercontinental Exchange (ICE)
* Kansas City Board of Trade (KCBT)
* Minneapolis Grain Exchange (MGEX)
* Realtime Foreign Exchange (FOREX)


Here's An excellent film about the benefits of nuclear power.
Made in the 1970's.
Included is footage of Cotter Corporation's Schwartzwalder Mine
in Colorado and the Canon City Mill.

September 17, 2009

James Dines Talks About The Next " Super Major Bull Market"


Dines Take On The Next Phase Of
"The Coming Uranium Boom"

9th May 2009

(Be patient slight delay on Audio Access
Click Image Below For
James Dines Audio


Monday, September 7, 2009 AUDIO

James Dines: Part II
Monday, September 14, 2009

Legendary James Dines has come out with a new prediction for a “Super Major Bull Market” on May 22nd of this year which has already made tremendous amounts of money for his subscribers. This is the first time in 9 years that James Dines has issued a call for a new “Super Major Bull Market.” In this Part II interview Mr. Dines covers gold, silver, deflation, inflation, hyperinflation, dictatorships, financial corruption, the Fed, uranium and nuclear energy, oil and more.

Monday, September 14, 2009 AUDIO

“The Hulbert Financial Digest has just updated its results through August.
They show that the Dines Letter, edited by octogenarian James Dines, is up 87.5% over the year to date, versus 13.93% for the dividend-reinvested Wilshire 5000 Total Stock Market Index”.

One of the world’s foremost financial forecasters


September 13, 2009

Bloomberg Bullish On Uranium


Link To



Friday 11th September 2009

Canadian Miners Look To Australia For Uranium

TWO large Canadian resources companies are separately looking to Australia for local uranium projects.

Uranium explorer Toro Energy said today it planned to team up with Cameco Australia to explore and develop a project in Western Australia.

The proposed joint venture will focus on the Birrindudu project in the Tanami region near the WA border with the Northern Territory.

Toro will have to drill at least four test holes in a two year period and spend a minimum $1 million to acquire a 50.1 per cent stake in Birrindudu.

Cameco Australia is the local arm of the Canadian giant Cameco, which accounts for 15 per cent of the world's uranium output from its mines in North America.

Toro managing director Greg Hall welcomed the deal and said Birrindudu was an "ideal fit'' for the company's exploration assets.

Meanwhile Teck Australia, owned by Canadian resources giant Teck Resources, has joined with three local companies including Marmota Energy, PlatSearch NL and Eaglehawk Geological Consulting to explore for uranium deposits in South Australia.

That project will focus on Junction Dam, which is 10km east of the Honeymoon uranium mine and 50km west of Broken Hill.

Under the terms of joint venture, Marmota Energy can earn a 51 per cent stake in the uranium rights on the tenement by spending a total of $600,000 in staged increments.

"The project's proximity to the major regional centre of Broken Hill and good access to road and rail infrastructure makes this a strategically significant project for Marmota Energy, Marmota said in a statement.


September 11, 2009

Paladin Resources CEO John Borshoff tells Business Spectator's Alan Kohler, Robert Gottliebsen and Stephen Bartholomeusz:

Paladin Resources CEO John Borshoff

Stephen Bartholomeusz:
John, you just announced an institutional placement. It looks like it’s going to be a very substantial amount of money. What are you going to do with it?

John Borshoff:
Well, basically it’s part of our long term strategy that we want to establish a global footprint as an independent, tier one uranium supplier, of which there are few in the world, and now that we’ve got our Langer Heinrich and Kayelekera plants in ramp-up or operating we’re ready to embark on the second phase of our evolution.

Alan Kohler:
Have you got the deposits to do it organically or do you have to make takeover offers?

Essentially our organic growth is there, clearly identified in our pipeline. We think that the nuclear or uranium supply world is going to change. It needs to consolidate. We think this will happen fairly quickly, within a 12 to 15 month period, and Paladin is ideally positioned to take advantage of that.

Robert Gottliebsen:
Why wouldn’t it be more likely that the Chinese will simply make a takeover bid for you? They’re very active in Africa at present.

I seriously believe that if anything happens with Paladin, it has to be under friendly terms. We're the keepers of any remarkable amount of uranium IP, in terms of technology, in terms of understanding the space, in terms of coming from an historical reference point of view and understanding some of the limitations and positives of that period and where the space is going. So, especially in mining – I mean this not a gold mining operation – there are controls and regulations, stakeholder interests, government interests that go far beyond just somebody coming and taking over. The expertise in the Chinese companies is not mining, it is in making electricity from reactors.

John, have you been approached by Chinese though about strategic alliances or joint ventures?

Well, we’ve been approached, naturally like all, and we’ve deflected the interest or rejected the interest in our corporate register. We don’t want to be taken as a Trojan horse for other motives. We believe that the biggest positive is to engage with Chinese, Indians, Koreans, Japanese and the French at the joint venture level and that way we maintain our independence, which we figure is an immensely important position to maintain.

Given the Chinese need to secure supply – I think they’re in the process of trebling their generation capacity from nuclear – will it be inevitable that you will have to do some joint ventures or create some sort of more formal relationships with them?

Yes and I think we’re on the path to doing that with groups and the relationship part we’re taking a longer time, than just going to bed with anyone like a tart.

You’re going to end up in partnership unless you do something with them in the Bigrlyi.

Well, no, Bigrlyi is just very small in the pond. We’re comfortable with the position we hold there. We’ve got a unanimity in budgeting. Our recent raising has nothing to do with that.

Are you not concerned with China Guangdong Nuclear coming into that arrangement?

No. No.

Nobody would accuse you of being a tart, John, but is your situation that you’ve got a number of suitors that you have to choose from or are you looking around yourselves on the front foot looking for the right partner in China?

No. Look, we’re not looking for a right partner in our corporate register. We are aiming to be an independent, tier one uranium company and the only engagement will be at the JV level.

That’s what I was talking about really. You made it clear that you don’t want to be taken over and you want to stay independent, but I guess I got the sense that some sort of partnership at JV level would be a good idea.

Yes. Yeah, I believe it would. I believe it would be a good idea with several of these sorts of global customers and we obviously want to do a certain percentage of our business in China, which is a growing region. We want to maintain a healthy position with the US utilities, European and the Asian rim, but China, India are the new deltas and we think that there is an opportunity and this is engaging on projects that we may not have already necessarily acquired.

John, what’s the state of play in the global uranium supply market? Who are the big players and where do you rank?

That’s a very good question actually. The players, when you look at them on face value, are a very deceptive group. You have to divide them up into Areva and the Russians, who have aspirations and capabilities way beyond just supplies of the fleets, who want to go into building the new growing nuclear fleets. So you find corporately their actions have been totally different than the ones that are sitting there existing and just supplying on traditional grounds.

You’ve got Rio and BHP, which are diversified, a very small part of their balance sheet is uranium. That has a different way in which those groups respond to need.

You have then the Uranium One and Denison who are effectively now being metamorphosed into whatever their Trojan horse owners want them to be and Cameco and Paladin. That’s it.

John, you’ve in an interesting position, aren’t you? You’re on the verge of getting into operational profitability. You’ve got producing mines in Africa. You’ve got exploration projects in Australia. Are you on the cusp of something really significant in terms of stepping up in size?

Yes, we believe so. You mustn’t forget that we’ve established two mining operations with flow sheets and technologies which aren’t common in the world. They’re actually pro-formas and that’s given us a certain amount of IP. We’re the only ones that have built conventional mines in the last 20 odd years. We’ve demonstrated that we can do this and operate in other countries – there are very few operators that are able to nimbly move and develop these projects.

So, we believe we have a competitive advantage and we believe that even these deposits that are all over the world with not necessarily uranium expertise backing them, they’re just other commodity miners who happen to have uranium deposits. Uranium is peculiar and particular thing requiring discipline way beyond normal mining. Essentially, you’re in the nuclear business on the mining side of it. You’re not in the gold mining business going to expand into the uranium business. We could easily give comfort to any incoming party that not only do they have access to some product, but they also have access to some people that have the ability to get these projects going within the worldwide regulatory environment exists.

John, are you looking up towards those companies you mentioned, led by BHP and the uranium mining of those groups, or are you looking down into the myriad of smaller explorers? Which way are you looking?

Well, there’s not a myriad actually...but both ways.

Ah. So, you’re interested in buying one of the majors?

No. No. What I’m saying is that we discuss what’s going on. I believe Paladin has a unique understanding of the uranium space. I think a lot of the CEOs of other companies aren’t necessarily coming from that background. I’m saying in terms of sort of strategising, talking, chewing the fat, yes, we talk to the larger groups, but in terms of our sort of immediate outlook it's consolidating in the sort of lower end in different parts of the globe.

Could you give us a sense of the potential of the Langer Heinrich mine in Namibia and how far that could go and also what it’s like operating in Namibia – are there issues there that cause you any concern?

No. Look, apart from the necessary regimen that you have to work within. Namibia is a good country. It has a lack of water, but that problem will be resolved with desalination plants. We've proven to be a good corporate citizen. We’re doing what we say. We don’t just sort of hike up pricing – the country almost becomes irrelevant to the value of whatever the deposit is and I think in that sense Namibia is very good for us. We see some upside potential beyond stage three. I won’t go into that, but certainly our resource is growing to accommodate that.

What about Malawi?

Yeah, Malawi is at 3.3 million pounds. Once we bed that down there might be some tweaking up, dependent a bit on exploration success and getting some extra pounds – currently it’s a 13 year project life. We’d like for the sake of ourselves and Malawi to get it to a 15 to 20 year mine life, so we’re fairly intensively exploring in that area and we believe it’s a prospective and we could hope to add pounds on that under that resource base.

John, in Australia with the change in the federal Labor position on new mines how long will it be before you actually have an operating project here?

We’re aiming for about 2012, 2013, let’s say, late 2013.

Which one will it be?

I think it’ll be a Queensland operation.

Queensland’s the one government which hasn’t given a tick yet, yet are you going to be able to change their minds?

I think the world is changing everybody’s mind. There’s a sort of an inevitability that anybody is starting to realise is difficult to oppose. When you see how Europe has completely bent over and Germany about to do the same, when you see the chaotic state of the Australian uranium policy that existed four years ago and now there’s cohesion in all uranium states and Canberra and the Lone Ranger in Queensland and I think the pressure will become supreme. So, I think 18 months or so, within our schedule, things will be happening there. You you can’t be selling coal and saying your fuel mix is decided by some sort of ideology that was borne in the ‘70s.

In a broad sense, if you did get a tick in Queensland, how big could that project be?

Oh look, between 5 million pounds to 6 million pounds a year we’re aiming for. We want a resource base there that’s in the sort of 150 million to 200 million pounds. I think the region is capable of that and thought it’d be a substantial cornerstone project with the Ranger, Olympic Dam and Mount Isa and with long life.

John, just a bit of history. How did the company acquire this knowledge and technology about uranium? What was the background that gave you this edge over your competitors?

I guess initially, modesty aside, the edge is me. I’ve been in the uranium business since 1973 and one of the few people that have been consistently understanding it and when the West German group that I worked for and was CEO of left Australia because of political reasons in ’91, I acquired most of the uranium databases that existed of an international company and formed Paladin on that.

I had a view on what nuclear is, and what I find remarkable is not what we have achieved, but the company and the capacity that was built in Paladin – and that quality was necessary in start up, that quality that was necessary in establishment and that quality that was necessary in sustaining and growing. I built a group around it and it’s virtually the vision in which I see where nuclear is going.

What did you learn from the losses in Queensland, those big write downs?

I learned to be very thankful for the financial meltdown. I’m thankful for that because that gave us options which would not have been available to us otherwise.

But what do you mean by that?

What I mean by that is everybody was writing down everything. Nobody was valuing Mount Isa, zero value, and for prudent long-term balance sheet uses, we could write that down at the appropriate time without leaving any detriment in the quality of the project result.

So, the financial crisis gave you cover?

Yes. And many other companies know that path. So, we believe it was a good way and I think it was also an advantage to the shareholders and it could be justified on both reasonings; maintain it or take advantage, in the nicest way.

Was it the Australian policies that drove you to looking in Africa?

Yes. Yes. We initiated that in ’96. I gave my board a bit of a history lesson and said that Australia represents some sovereign risk in terms of our policies and we should actually go to Africa and then I saw that Africa was the country that had the appetite of what Australia had in the ‘60s and Canada had in the ‘60s and ‘70s. I think that’s proven correct. Without diminishing the regulatory regime in which you operate, the uranium operations, we’ve done these with banks and the banks have assured them and been insured, but we’ve done it to all the standards, but it leaves the people there. We were looking at an early stage to advance their sort of economies and we’ve become part of that.

That stance of Africa, is that why the Chinese are buying so many mineral projects in Africa?

Look, I just think that Africa couldn’t achieve its objective, because in the ‘70s it was going through political, ideological recalibration, while Australia and Canada were were relatively stable. There was activity in Africa, but nowhere near that what it is now and I think in this current environment it offers a completely different set of opportunities and is largely unexploited. Whereas you’re looking at first and second order opportunities in Africa, you’re looking at third and fourth order opportunities in Australia and Canada. So, it’s a question of just balance and I think Africa has to be in all resource companies. It has to be on their target. That’s why there’re over 120 resource companies operating in Africa today.

John , you referred much earlier on to the aspiration to make Paladin a global company. Given what you’ve got in Africa, given what you’ve got in Australia are there other jurisdictions that you’re targeting?

Look, we want our footprint global in the sense that you’ve got to be looking at things in North America, you’ve got to be looking at things in the Asian region and to get that, there are various opportunities that we would explore. Whether they come off or not is another mystery.

Nothing on the go at the moment?

We’ve been on active M&A since 2007. We’ve rejected most of the ones that have now gone and we have teams. Yes, there are projects. They’re all on different levels of cooking and developing and this raising gives us the ability to take them seriously. We’ve got some cash. We can go out there – the high stakes poker table without an empty wallet.

That might be a good note on which to end. Thanks John.

Link To Paladin Company Web Site

Parliament of Australia
Australian Uranium Supply Research Paper

Friday 11th Sept 2009

Reference source

September 10, 2009

Bullish Uptrend For Deep Yellow Should Continue

Here's Deep Yellow's (DYL) End of Day
Closing Charts & Stats

Click Chart

# Rising Volume for 2 days
# Above 4x ADV
# Closed outside top bollinger
# Gapped Up

Record Volume: 117,446,960
6-month High: 0.470

5-day EMA: 0.321
10-day EMA: 0.311
15-day EMA: 0.309
30-day EMA: 0.314

Click Chart To Enlarge
Today's DYL Intra-Day Closing Chart

Currently Sellers~~~~~ over Buyers~~~~

Today's DYL Trading Stats 10th Sept

End Of Day Closing Price: 0.375
No. of Trades: 823
Volume: 11,698,715
Opening Price:0.395
High Price: 0.400
Low Price: 0.355

Current Company Overview And Charting Analysis Of Uranium Explorer Deep Yellow Limited 9-10th Sept 2009

Deep Yellow is looking extremely Bullish after yesterday's stellar run. Here's DYL's current Technical Analysis

Current Resistance 0.40



Six months: 0.47 One year: 0.55


Support1: 0.33 Support2: 0.28


Resistance1: 0.40 Resistance2: 0.47

Pivot Point


Moving Averages

MA(5): 0.31 MA(20): 0.31

MA(100): 0.33 MA(250): 0.21


MACD(12,26): Signal(12,26,9): -0.01

Stochastic Oscillator

%K(14,3): 73.15 %D(3): 56.05


RSI(14): 66.16


High: 0.47 Low: 0.10 Change(%): 46.0

Average Volume(K)

3-Month: 1255 10-Days 1862.040039

Here's Yesterday's DYL Intra-Day Trading
from Wednesday 9th Sept 2009

Click Chart To Enlarge
Chart Below Showing Cross-Over of
Buyers~~~~over Sellers~~~~~

Current DYL Charting Analysis

# Rising Volume for 3 days
# Volume trading above 4x ADV
# Closed outside top bollinger
# Gapped Up


Thursday 10th Sept 2009
As At 2.00P.M.
Click Chart To Enlarge


September 9, 2009

Current Company Overview Of Uranium Explorer Aura Energy Limited


Canadian uranium company Mega Uranium Ltd has approved and will fund a proposed 24 hole aircore drill program of approximately 2000 metres in the Gunbarrel Basin Joint Venture with Aura Energy Ltd (ASX Code: AEE).

The program will be managed and operated by Aura Energy.
The Gunbarrel Basin, located east of, and partly overlying, the Archaean Yilgarn Block, contains a large endowment of sediment-hosted uranium mineralisation in the Mulga Rock, Ponton and Thatcher Soak deposits.
Despite the amount of uranium present, the Basin is significantly less explored than the other major uranium provinces of Australia.

Energy and Minerals Australia Ltd recently announced a JORC compliant inferred resource of 24,500 t U3O8 at a cut off grade of 200 ppm U3O8 for the Mulga Rock deposit.

The drill programme is designed to test the prospective Junction Palaeochannel. This prospectivity is based on the similarity of the palaeochannel to those at Mulga Rock and Ponton, and also the presence of the Thatcher Soak calcrete deposit up-drainage in the
channel. Thatcher Soak, held by Uranerz Ltd and Eleckra Mines Ltd, contains almost 10,000 tonnes of uranium in resources compliant with the JORC code.

The position of the Junction palaeochannel was delineated in an airborne electromagnetics survey conducted by the Aura Energy-Mega Uranium Joint Venture in 2007.

The program is planned for mid year, subject to Department of Mines and Petroleum approval of the work program. Aura’s Gunbarrel Basin exploration is a joint venture with Mega Uranium Ltd (TSX-MGA) whereby Mega can spend $3 million to earn 50% in Aura’s tenements.

Aura’s extensive landholding in the Gunbarrel Basin, totalling approximately 2760 km2, covers major portions of three of the four main palaeochannels in the region.

Click for Aura Energy's Current
June 2009 Quarterly Cash Flow Report

Paladin To Sell Shares To Fund Mergers, Uranium Mine

Paladin Energy Ltd.,

The Australian company producing uranium in Africa, plans to sell shares to fund acquisitions and pay for mine exploration and development.

The sale may be as much as 15 percent of the company’s outstanding shares, Subiaco, Western Australia-based Paladin said today in a statement. That would value the offering at about C$429 million ($397 million) based on the company’s current market capitalization of C$2.86 billion. The price of the shares will be set after an overnight marketing effort, the company said.

RBC Capital Markets and UBS AG are leading the share sale, Paladin said.

Proceeds may also be used to fund expansion of Paladin’s Langer Heinrich project in Namibia.

Paladin Energy rose 41 cents, or 9.8 percent, to C$4.59 on the Toronto Stock Exchange before being halted for the announcement. The shares climbed 87 percent this year through Sept. 4.

Paladin Announces Proposed Placement of Shares
Click To View


September 8, 2009

Former Nuclear Pariah India Seeks Uranium Stocks

7th September 2009

NEW DELHI — Energy-starved India, armed with permission to buy atomic fuel from around the world after the end of a three-decade ban, is courting new partners alongside old friends in its global hunt for uranium..Evidence of New Delhi’s “uranium diplomacy” kicking into gear came last week when India hosted Namibian President Hifikepunye Pohamba and signed a pact enabling uranium sales to India as well as investment in Namibian mining…………

India has already signed nuclear fuel import pacts with France and Russia.

The moves follow India clinching a landmark accord with the United States last year resulting in the removal of a 34-year-old embargo on sales of civilian atomic technology.

India also obtained a rare exemption from the 46-member Nuclear Supplier Group (NSG) that controls global atomic commerce allowing it to buy nuclear fuel and power plants to boost its electricity production.

The NSG normally restricts such sales to countries that have signed the nuclear non-proliferation treaty, which India has not, though major supplier Australia has said it will keep its export embargo in place.

This deal may cause India to collapse
By Christina MacPherson

8th September 2009

This deal may cause India to collapse
rediff newes September 08, 2008 Rajeev Srinivasan There have been hosannas and hallelujahs aplenty about the fact that the Nuclear Suppliers Group has decided to provide a waiver of sorts to India. The fine print is yet to be deciphered, but already the usual suspects are taking credit for having brought about ‘energy security in our time.’…………..

…..The confidential letter from the US State Department to the House Foreign Relations Committee, as publicised by Representative Howard Berman, is refreshingly candid about the real facts behind the deal: To use pithy Americanisms, the Indians are being taken to the cleaners. Being sold a bill of goods. Led to the slaughter. Being totally sold snake-oil, with the active connivance of their leaders………………………what exactly is India getting? After all the huffing and puffing, India has now been given the privilege of spending enormous amounts of money — absolute billions — to buy nuclear fission reactors and uranium? This is a good thing?……

accutane lawsuits