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Gold/Mining/Energy : What is Thorium

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Dec 23 3:59 PM EST

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From: Carlos Blanco	6/11/2007 10:50:03 AM
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Another mention/reco for THPW, this time from a very mainstream newspaper. business.timesonline.co.uk However, there are other metals that are in even scarcer supply. There is uranium, for starters. I am slowly coming round to the idea that at some point in the future wind and wave power may be of some use to us, but in the shorter term nuclear power looks like it is winning the battle. Bad news then that there may be only 19 years of uranium left. Earlier this year I mentioned thorium. This relatively unknown heavy metal can be used to produce nuclear power in much the same way as uranium with the happy difference that its waste is much less radio-active, making it both easier and safer to dispose of. It is also much more plentiful than uranium and has a half-life of only 500 years rather than tens of thousands. In Norway, Bergen Energy has already applied to build a thorium-based power plant. In February, I suggested buying shares in US-listed company Thorium Power, which is testing thorium in Russia and hopes to be using it commercially in the next three to four years. Those willing to take even more of a gamble might also look to the tiny UK-listed All Star Minerals, which has registered to explore for thorium in Sweden.

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