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To: Goose94 who wrote (6761)	5/24/2014 11:17:20 AM
From: Goose94	Read Replies (2) \| Respond to of 203376

Good news for uranium. Russia's gas king taunts crumbling Europe over China pipeline coup Europe has lost the global scramble for reliable energy supplies and faces a long-term squeeze as Siberian gas is diverted to the fast-growing markets of Asia, Russia's gas chief has warned in scathing comments aimed at EU political leaders. Alexey Miller, chairman of the state giant Gazprom, said Russia's $400bn deal this week to supply gas to China for 30 years is a black moment for Europe and will change the geo-strategic balance in the world. "The global competition for Russian gas resources started yesterday. Let there be no mistake about that. We have untapped the Asian market and this is going to have an impact on European gas prices," he said. Mr Miller said the 38bn cubic metres (BCM) contract from 2018 is larger than the entire volume of liquefied natural gas (LNG) sold in the world. "You don't find that sort of contract on the side of the road in Europe," he told the St Petersburg Economic Forum. Relishing his theme, he said China's gas demand is growing exponentially and would surge past Europe's total consumption to reach 400 BCM in "the very near future" as the Politburo tries to wean its polluted mega-cities off coal-powered plants. A large proportion of this will come from the vast Siberian fields, crowding out supplies for buyers in Europe deemed "less reliable". telegraph.co.uk

To: Goose94 who wrote (6761)	5/28/2014 3:01:35 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Fission Uranium (FCU-V) By Dev Randhawa, MBA Chairman & CEO Cameco’s Millennium Mine project is on hold and with it, 50m lbs of uranium. Specifically, the uranium industry’s largest producer has withdrawn its application to build and operate the new underground uranium mine in northern Saskatchewan. The company can (and no doubt will) ask the Canadian Nuclear Safety Commission to consider its license application at a later date but for now the mine will not be moving forward. Any delay in future production is good for Fission. This is particularly so when the delay relates to underground mines which are expensive to build and expensive to run. In comparison, PLS has the type of depths normally associated with an open pit mine. Measured against underground mining, open pit operations are quick to build, cost-effective to operate and have the ability to turn production up and down as needed. In other words, when it comes time to increase production capability, open pit mines are going to be very attractive to producers. It’s also worth noting that Cameco’s profit is up for Q1, 2014. That’s not a coincidence. Putting a costly future mine on hold is about positioning themselves for when the fundamentals of the nuclear sector push the uranium market upwards. I’ll be blogging more on this subject shortly but for now let me reiterate two points: Japan is taking longer to restart their reactors than many expected but restart they will. Also, the number of reactors under construction and the even larger number currently going through the planning and proposal stages means we are ultimately looking at a net growth in reactors over the long term. In the meantime, Fission’s technical team is continuing to prep for the upcoming summer drill program. We also still have a lot of assays to come from our highly successful winter program, which connected five zones and extended the strike length to 2.24km, so keep a sharp eye out for news as the results come back from the lab.