U3O8 Uranium.

[stolwyk]

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AFX News Limited
Australian govt considers expansion of uranium mining - report
05.30.2005, 08:14 PM

SYDNEY (AFX) - The Australian government is signalling the possibility of a dramatic expansion of Australia's uranium mining industry, identifying Indonesia, Thailand and Vietnam as future export markets as South East Asia develops its nuclear industry, The Australian newspaper reported, citing Foreign Minister Alexander Downer.

The newspaper reported that Downer, in a submission to a parliamentary inquiry, said the three countries could become markets for Australian uranium provided safeguard agreements are concluded with them.

Downer also used the submission to the inquiry into the importance of uranium mining in Australia to confirm Australia remains committed to exporting uranium to China.

___________________________
Hi Robbo,

An Australian newspaper, I think. The source wasn't quoted

[stolwyk]

Dr Appel: IT’S ONLY THE BEGINNING FOR URANIUM

http://www.kitco.com/ind/appel/jun032005.html

[robbo]

Uranium receiving literaly Tonnes of Media and Poltical support from both sides --Labor and Liberal as a alternatgier worth debating, considereing and re-visiting.

Australian Newspaper Yesterday (Saturday) 4/6/05 --was Full of Uranium--Front Page and many articles throughout the different Paper secions,ninemsn, ABC Radio, and ABC Business, and 60 Minuters on Channel 9 is devoting a feauture Tonight --5/6/05.. on Uranium/Nuclear Power for Australia....

Can sense a Seismic shift, in Austalia, wanting to look at Uranium merits versus Coal...both for Exports and for Local Nuclear Power Usage....

Regards,

Robbo

[stolwyk]

Robbo,

The Aussie population is being educated and softened up. I gather that the present Coalition could have the majority in the Senate on July 6. If so, then they will override the States.

China is also heavily involved as well and wants this Uranium.

If everything goes to plan then SMM will be one of the chief beneficiaries, I think, because they are so far advanced.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[troyvdh]

Stolwyk,its my understanding that SMM is 4th/5th in regards to amount known.Wouldnt BHP et al be major players in the first instance.

Enjoy your enthusiastic postings.

Hold SMM BHP

[stolwyk]

First: WMR (Of which BHP has over 55%), then ERA. SMM is third.


Cheers,

Gerry

[Dazza]

http://www.iter.org/index.htm

fusion power.... supposedly 2015...


take a read all ur uranium ppl/..... and other power players..

[Geoff7]

Daz,
It is interesting stuff and no doubt the future is going to be very interesting and hopefully better for all (I have read that between 2k to 20k people could have died in China chasing coal last year- they deserve better).

This technology has been mentioned in submissions to the current Aus inquiry, all seem to agree that it will have some succes but real impact is 40-50 years off.
I think that uranium will have a larger impact for at least the next 20-30 years (Govt/ Industry start the process years before completion).

I think if anyone believes they are seriously looking at nuclear power for Oz or NZ they would be way of track. But for the rest of the world U isnt the big issue we have made it. They already have them, thay are just going to build more.

[stolwyk]

SMM's SUBMISIONS:

This report has 37 pages and I got it by email. It is not on the website yet. I'll let you know when it is.

Suggest you put your name down for email:
Look for "Shareholder information":

http://www.summitresources.com.au/
___________________________________

INQUIRY INTO DEVELOPING AUSTRALIA’S NON-FOSSIL FUEL ENERGY INDUSTRY MAY 2004 (37 pages)

Extract:

EXECUTIVE SUMMARY AND CONCLUSIONS The existing regulatory impediments to the exploration for, and development of, new uranium mines in Australia cannot be justified on rational, factual, political, environmental, economic, commercial, scientific, hazard, health or safety grounds.

In fact the opposite is true. Uranium mining and the processed products are utilised for legitimate peaceful purposes, their use is now on a large scale, is wide spread across the globe and occurs on a daily basis. The nuclear power industry is well established and uranium derived products are used in scientific, medical, commercial and industrial applications. Nations of all political persuasions, in both the industrialised and developing world, already have nuclear industries.

This nuclear industry saves lives, is one of the cleanest, safest industries known to man and generates some of the most cost efficient base load power with the lowest attributable deaths, highest safety record and has virtually zero greenhouse pollutant emissions. Products from uranium mining are used widely in our daily lives.

As well as nuclear power overseas uses here in Australia include, among others, isotopes for Xrays, medical analytical equipment, a large range of laboratory equipment, radiation treatment for cancers, components for smoke alarms and uranium metal for trimming of the leading edge of wings on modern jet aircraft. Further, Australia is already the world’s second largest miner and exporter of uranium oxide and is known to host over 30% of the world’s recoverable resources.

Australia’s current regulatory environment dissuades investment in uranium exploration, favours the entrenched position of three existing producers and leaves limited opportunity for the development of other mines by new entrants and companies that have established potentially commercial resources elsewhere in Australia.

Summit’s submission has attempted to address the issues before the Committee and each section contains relevant information relating to those issues. Key conclusions that can be drawn from Summit’s submission are:

• Australia is in the uranium mining business and produces around 10,000 tonnes uranium oxide a year from three mines and is the world’s second largest producer behind Canada. • The Mount Isa region is one of Australia’s most prospective mineral provinces that has yielded a number of world class ore bodies and mines, including (in the past) successful uranium mines. • Uranium was mined from 1966 to 1984 at Mary Kathleen, 50 kilometres east of Mount Isa, by Riotinto. All mine production since 1976 has been used exclusivelyfor nuclear power generation, monitored, waste managed and stored and mine sites fully rehabilitated. • Summit controls one of the largest undeveloped uranium oxide resources in Australia. • At Mount Isa Summit controls over 75Mlb U3O8 with, using US$26/lb U3O8 prices, an in ground value of well over A$2.0 billion. • Prefeasibilty studies of Summit’s Mount Isa uranium project shows it would produce around 6.0 million pounds (2,750 tonnes) of uranium oxide a year for the first three years and, on scaling up of production, around 9.0 million pounds (4,000 tonnes) of uranium oxide a year. • The project would make a significant financial contribution to the local, State and Federal economies over the first 6 years by: • Capital and infrastructure expenditures of $314 million • Mining operating expenditures of $190 million • Freight expenditure of $2.6 million • State Royalty payments of $61 million • All this expended within Australia and mostly at Mount Isa • Construction employment of around 600 • Direct mine employment of around 400

[robbo]

Marathon MTN Uranium

Another 14% up again today....after up 16.7% yesterday...

If interested in knowing more information & details, re. MTN.... you may want to look at the MTN thread on this very... Share-trader ASX division -- Internet Site....

& go and See (MTN) Marathon Posts for last few days etc etc.... on the MTM Marathon Thread for details ....

Kind Regards,

Robbo