Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Improving sentiment to the nuclear sector generally perhaps
Personally speaking I am disgusted at the actions of Oman Investment Authority!
They are taking their displeasure out on the wrong party and need to be more patient.
Mind you Spain take note, Im sure other investment funds have taken note of your illegal behaviour and will invest elsewhere in the future, your country is not investable under this current government!
Not only has BKY got a legal fight with Madrid over its decision to not grant a licence/permit to mine we are also under attack from the Oman Investment Authority in Singapore. There needs to be an EU wide change of policy on nuclear power and uranium mining in 2022 otherwise BKY is finished imo.
"During the period, the Company was served with a writ commencing legal proceedings in the Supreme Court of Victoria, brought by Singapore Mining Acquisition Co Pte Ltd ("SGRF") (a subsidiary of the Oman Investment Authority ("OIA")) in relation to the investment agreement and convertible note entered into in 2017."
The chorizo soup is bubbling up nicely.
It will be as tasty as Mrs Matnofanny's smegma!
Nice to see the sp jump up but fear it is driven by rumours and speculation rather than firm news.
From this mornings DT:
Mr Johnson told MPs that his new strategy would include a boost for nuclear power, which has been shamefully neglected by successive governments, Labour and Tory, over the past three decades. This needs to be based on the rapid expansion of small modular reactor technology given the difficulties involved in building traditional power stations at Hinkley and Sizewell. There needs to be an ambitious programme for hydrogen power as well.
informed opinion seems to be moving decisively in favour of nuclear. Better late than never. Spain are you listening?
All of us on here have been acutely aware of this situation and are now in a situation where we can say, ' told you so'.
Just how is Europe going to generate electric and hit their climate change targets by 2030?
https://www.businessinsider.com/elon-musk-nuclear-energy-europe-russia-oil-gas-supply-crunch-2022-3?r=US&IR=T#:~:text=Nuclear%20energy%20is%20a%20zero,US%20Office%20of%20Nuclear%20Energy.&text=Musk's%20call%20for%20more%20nuclear,any%20decline%20in%20Russian%20supplies.
hence down at end of week.....
This has been strategy by Putin I sometimes wonder if the green movement against nuclear had been financed by them, you can check it in my posting history in BKY.
I feel in the last 12 hrs some negotiations have failed, Zelensky has refused to stand down but instead signed an agreement to enter the eu.
The Russians are now going in hard, sad times indeed.
Instead of paying £half a billion a day to Russia for oil and gas, which they spend on invading and killing people, the western world should spend it on nuclear power. Even if every reactor in the world melted down today, you still wouldn't kill as many people as Russia has just in the last week.
This might seem in bad taste but his decision to go to war has suddenly thrown the last ten years worth of euro government eco idiocy energy policies into sharp relief.
Europe needs Russian gas, it will take 5 years to wean them off Russian supplies, the price of gas in the UK about to rise by 50%, and Germany has to burn coal rather than uranium to generate electricity!
All courtesy of the Green Party policies which endangered the energy security of the UK and EU countries. If BKY can hang on for another year then the political wind of change coming and those permits might be granted. Trouble is there are other Uranium miners out there competing to supply Europe.
Add calculated corrupt subversive and illegal to that.
Yes Francisco how are we going to hit Greta's climate change targets and answer all the energy requirements within the eu sphere, whilst introducing sanctions on Russia so we end up with even less energy supplies?
Talk about cutting your own nose off to spite your face.
Total vapid incompetency beyond belief.
Francisco Castejon, nuclear physicist, coalition appointee, spokesman for Ecologistas en Accion, anti-mine protester, unlawful decision instigator with an overt unconscionable conflict of interest.
Try telling that to the guy who hates Nuclear who has somehow ended up on the CSN.
I forget his name,
The legal actions (the administrative appeal in Spain and defending SGRF's attempts to set aside the funding agreement) will move this share forward, to permitting or compensation.
The delay consequent upon the unlawful nature of CSN2 and permit denial is what's holding it back.
Hopefully realisation's dawning that nuclear power and uranium mining makes sense politically, environmentally, economically, basically whichever way you look at it.
What we are witnessing is the sheer stupidity of that anti nuclear guy who has put himself on the board of the CSN.
Now we are entering into dangerous times and energy in Europe is a concern.
Had things worked out we would have had a uranium mine coming into production instead we are stuck where we are!
The legal action will hold this share back
Oh dear.....fuel supplies not secured!
"Because the preparations for the shutdowns are already so far advanced that the nuclear power plants could only continue to operate under the highest safety concerns and possibly with fuel supplies that have not yet been secured," Habeck said.
https://www.nippon.com/en/news/reu20220228KBN2KW11F/
I think you might be right easyp!
Penny might be dropping.
https://www.world-nuclear-news.org/Articles/Swedish-resource-world-s-second-largest
Read the news, note the date and reflect.
Ten years on and Aura have not yet dug a tonne of ore out of the ground in Sweden!
The French might give Madrid a nudge but as said below the permits might take years to be granted and I fear the legal action and bickering will have finished off BKY by then. It is perhaps a bit naive of me to think the German people might throw out The Greens and make their government show some common sense!.
I fear nuclear closure is too far advanced in Germany, and their Greens are implacable over nuclear, and will effectively call the shots. That said I think I'm right in saying Spain's nuclear power programme has another 5 ish years to run, so it would perhaps be easier for them to change course, and perhaps by extension permit the mine in time.