Companies promise payback when prices rise — but until then, uranium wants a break

When the market recovers, the uranium industry won’t need a tax break. But it does now, industry representatives say.Citing low prices and employment, the Wyoming Mining Association will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper. The cuts worked once before, they say. In the early ‘90s, …

Uranium mining ultimatum in Western Australia sparks nuclear debate

SYDNEY, June 22 (Xinhua) — A nuclear debate is heating up in Western Australia on Thursday, after the state government informed three uranium mining companies that their approval licenses will expire if their sites are not operational within five years.The newly formed State Government’s clarification on its policy has followed on from an election promise …

IAEA fuel ‘bank’ on course

International Atomic Energy Agency (IAEA) director-general Yukiya Amano yesterday updated the agency’s board of governors on recent developments including the IAEA’s storage facility for low-enriched uranium (LEU) – known as the LEU Bank – which will be inaugurated on 29 August and should receive its first uranium in 2018. The facility, at the Ulba Metallaurgical …