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Saturday, October 19, 2013

MooPig Uranium Update :: "Regulatory Issues - Canada"

Uranium Sources in Canada
Mashed articles by Pat Darnell | Oct 19, 2013 | Bryan TX

[Picture LINK]

Regulatory Issues - Canada: "Canada eases foreign ownership restrictions for uranium mines Canada has agreed to waive for European companies a longstanding requirement that buyers take on a Canadian partner in uranium mines, a move that may spur greater investment in developing the country's rich uranium reserves.

The move, part of the Canada-European Union free trade agreement announced on Friday (Oct. 18), comes after intense lobbying from France-based AREVA SA and Anglo-Australian Rio Tinto Plc for Canada to scrap the Cold War era policy.

Canada, the world's second biggest producer of uranium behind Kazakhstan, currently restricts foreign companies from owning more than 49 percent of any uranium mine.

There are no ownership restrictions on foreign participation in exploration. Lifting the requirement for European companies would appear to benefit Areva, in which the French government owns a controlling stake. Areva owns the Kiggavik project in the northern Canadian territory of Nunavut. (Reuters Oct. 18, 2013)"

'via Blog this'

This article is tough to decipher, but it refers to "Cold War" years policies. Mining Uranium and other heavy metals are opening up markets around the  world, while previously "foreign ownership" was not allowed in, for instance, Canadian uranium mining companies.

We did not know that Canada is second largest in producing uranium.

Originally nuclear power plants were built to manufacture clean energy, that is, a power plant that doesn't let loose CO2 into our atmosphere. That was over sixty years ago. On November 23, 2009, MooPig Uranium Department reported on conditions leading to saturation of CO2 in our air by the end of this century:
'The U.N. expert group projects that such a path would raise global temperatures between 4.3 and 11.5 degrees Fahrenheit by century's end." (AP, Nov 23, 2009. LINK)

No matter how much reporting, or how many UN statements are made, the race to fill earth's atmosphere with CO2 goes on full tilt.

Nuclear energy was touted to be the clean energy source and mining of Uranium continues, all-be-it an industry that got its chops started in the Cold War Era. Foreign ownership of Canadian uranium mines sets a new precedent.

As a race of beings, humans on earth continue to live off of the geological distant past that produced a large non-renewable source of fossil fuels found in the ground in North America and around the world.


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