1. Most Discussed
  2. Gainers & Losers
SLX 20.5¢

something while we wait and wait.

  1. moosey

    11,560 Posts.
    Print Email Facebook Twitter More


    SA Govt to give Uranium One green light for exploring new sites in state's north-east

    By Gavin Coote
    Posted yesterday at 7:55amThu 12 Feb 2015, 7:55am
    Photo: Uranium One's Honeymoon mine was mothballed in 2013 but the company will explore for more uranium surrounding the site. (Uranium One: AFP)
    Map: Broken Hill 2880
    The owner of Honeymoon mine in South Australia's north-east is set to be granted three new uranium exploration licenses in the region.
    Honeymoon has been mothballed for 15 months but Uranium One was successful in an application to explore in three sites near the existing mine, 75 kilometres north-west of Broken Hill.
    It came as the State Government planned to hold an inquiry into the potential opportunities that could come from the state's expanding nuclear energy industry.
    The SA Department of State Development said Uranium One put forward a strong case to play a part in future discoveries.
    The Department's Mineral Resources executive director Ted Tyne said the exploration licences would be finalised in the next few weeks.
    "Mining is a long term gain, it's sustained by new discoveries and this area is very prospective for potential for further discoveries," he said.
    "I would expect that Uranium One will be actively looking to bringing forward new discoveries.
    "Uranium One was selected as the successful applicant because the very significant body of programs that the company proposed for exploration over the coming two years in terms of the technical quality of the work to be done, and also the financial commitment to doing this, was ranked significantly more superior to the other applicants."

    Two more Japanese reactors approach restart

    12 February 2015
    Two units at the Takahama nuclear power plant have moved one step closer to restarting following final approval by the Japanese regulator of changes in the reactor installations. They become the third and fourth reactors in Japan to gain such permission.
    Column 1
    2 Kansai's four-unit Takahama plant (Image: NRA)
    The Nuclear Regulation Authority (NRA) granted preliminary permission to Kansai to make changes to the basic design of the reactor installations of Takahama units 3 and 4 in mid-December 2014. At that time, the NRA said that the applied design and safety features of the Takahama units - both 870 MWe pressurized water reactors - were deemed to meet its new regulatory requirements, announced in July 2013.
    Kansai first applied to the NRA for permission to restart the units in July 2013. It has since submitted various amendments to its plans - the latest being on 5 February - to increase the plant's resistance to extreme events such as earthquakes, tsunami and tornadoes, in accordance with the regulator's requirements. Such amendments have resulted from the findings of reviews carried out along the way, incorporating the details from the latest equipment designs.
    Following a one-month period for public comment, the NRA has now given its final permission for Kansai to make the required safety upgrades at the units prior to their restart.
    The NRA said it granted approval for the units' basic design after reviewing some 10,000 pages of documentation from Kansai, holding 67 review meetings and conducting field investigations for safety assessment. It also took into consideration public comment received following the publication of its draft assessment.
    The NRA said in the next step of the restart process, it will "review the detailed design and construction of the nuclear reactors and related facilities as well as operational safety programs, including organization systems and procedures for accident responses."
    Units 3 and 4 of its Takahama plant in Fukui prefecture have remained offline since being shut for periodic inspections in February 2012 and July 2011, respectively. Kansai reportedly aims to restart the two reactors by November.
    So far, the NRA has only approved the restart of two other reactors, granting Kyushu Electric Power Company permission to make changes to the reactor installations of Sendai units 1 and 2 in September 2014. Local and prefectural government approval is also required before they can restart.
    Safety assessment applications for 17 other reactors remain at the review stage.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.