Avena (no, really, that is the word in the Reuters headline) considers opening US uranium mines

ByRod Adams

I fully expect that by the time you read this, Reuters will have made a correction, but I was surprised this morning to find a link in my daily Google Alert on the terms “nuclear fuel recycle” labeled Aveva (emphasis added) considering reopening U.S. uranium mines. The lead for the article reassured me that there was not a new entry into the uranium mining or nuclear energy field:

NEW YORK, Nov 7 (Reuters) – French nuclear company Areva (CEPFi.PA: Quote, Profile, Research) is considering reopening uranium mines in the United States because of high prices for the nuclear reactor fuel, Chief Executive Anne Lauvergeon said on Wednesday.

“Now with the uranium price we are contemplating reopening of these,” Lauvergeon told reporters at a French-American Foundation reception, referring to mines closed in the 1990s.

This is one more example of the fact that you have to look beyond the headlines – they are generally written by someone other than the article author. The old saw in journalism is that you can write almost anything you want about someone as long as you spell their name correctly; I presume that rule is even more important when the subject of the article is one of the world’s largest companies in an industry that has the potential for extremely rapid growth.

Reading a little deeper into the article, I found an interesting statement for future predictions about uranium prices and also found the statement that caused Google to pick this article as one that I would be interested in reading:

A uranium price of $30 to $35 per pound would need to be sustained to justify the reopenings, she added.

Aveva was also considering building a reprocessing and recycling facility for spent fuel in the United States, Lauvergeon said, and was considering several possible sites, including in New Mexico and Ohio.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

Similar Posts

  • Atomic Retro

    ByRod Adams

    I’ll admit it. I am a child of the 70’s and actually liked doing the Bump when I was in high school. I even wore a leisure suit and polyester shirts with long pointed collars. I just stumbled across a web site that had me laughing out loud. The site is sponsored by Friends of…

  • Atomic Rod comment on Daily Source Code 712

    ByRod Adams

    Adam Curry, one of the key players in the podcast world, produces The Daily Source Code, one of the most popular podcasts on the internet. He has often expressed his strong support for new nuclear power plants and often turns to his nuclear power savant – Atomic Rod Adams – for a comment. If you…

  • South Africa's interest in commercial uranium enrichment

    ByRod Adams

    South Africa is ready to join the increasingly competitive commercial uranium enrichment industry. Like several other countries that are already in the uranium mining business, leaders in South Africa are considering expanding into more lucrative phases of the nuclear fuel supply chain including enrichment and fuel element fabrication. Note: If you want to learn more…

  • Detailed List of Proposed Actions to Prevent Another Natural Gas Crisis

    ByRod Adams

    At the beginning of the gas supply interruption in Europe, I commented on the possibility that Russia, a nation of chess players, had made what might be a short sighted strategic move by cutting off gas supplies to Ukraine as part of a negotiation over sales prices to that former Soviet block country. My belief…

  • Countering NIRS propaganda – your help is needed

    ByRod Adams

    One of the members of the professional anti-nuclear establishment is a group called the Nuclear Information and Research Service (NIRS). Over the years, the group has collected tens of millions of dollars in payment for their activities. One of their current campaigns is an effort to challenge the logical assertion that people who are concerned…