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U.S., Australia May Allow New Uranium Mines

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“According to a recent mineweb.com article by Dorothy Kosich, uranium experts asserted Thursday that, like it or not, the United States is moving toward a nuclear society, and Australia is on the verge of allowing new uranium mines.” (September 9, 2005)

“According to a recent mineweb.com article by Dorothy Kosich, uranium experts asserted Thursday that, like it or not, the United States is moving toward a nuclear society, and Australia is on the verge of allowing new uranium mines.

In a panel at the Las Vegas Gold & Precious Metals Conference, Dave Miller, Chief Geologist for Strathmore Minerals, predicted that a century from now, "90% of our energy will come from nuclear power." He suggested that uranium prices are high enough to stimulate new mine production.

Mineweb columnist Doug Casey, Chairman of Casey Research, claimed that nuclear power is the safest form of mass power generation, the cleanest form of mass energy generation, and the cheapest source of power.

Miller predicted that New Mexico, which has a long history of uranium mining for government purposes, will again allow the mining of uranium.

Marc Henderson, President of Laramide Resources, suggested mining investors "watch what the politicians of the world are doing, not what they are saying" when it comes to nuclear energy." For instance, one of the most environmentally conscious nations in the world, Sweden, gets half its power from nuclear energy, he noted.

Casey asserted that the real problem for uranium miners "is the politics of permitting," resulting in decade-long permitting timetables for project approval. Nevertheless, as oil continues to get more expensive, Casey feels interest in nuclear energy will become even stronger in the United States. (September 9, 2005)

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