Russian uranium producer Atomredmetzoloto JSC said Friday it had made an all-cash offer to acquire Toronto based miner Khan Resources Inc.
Via Eric Anderson who notes - "who needs those fancy automated machines and Canadian safety standards anyway?"
Posted by Kate at November 27, 2009 11:45 AMmmmmmmm, yellow cake.
Posted by: puddin n pie at November 27, 2009 12:06 PMLOL... I shall now steal that for a revised headline.
Posted by: Kate at November 27, 2009 12:16 PMIt's capitalism, there is nothing wrong with selling Canadian uranium to a highest bidder. Who was it, again?
Posted by: Aaron at November 27, 2009 12:44 PMAren't there Canadian companies digging uranium in Kazakhstan? Presumably they told the Russians to push off.
What do the Kazakhs know that our doofus civil service doesn't?
Posted by: The Phantom at November 27, 2009 12:58 PMBelay that, I went off before I read the article. Bad day.
Posted by: The Phantom at November 27, 2009 12:59 PMKHANNNNNNNNNNNNNNNNN!!!!!!
the story of inmates taking over the asylum.
Khan is not a uranium mining company, it's a uranium exploration company. It's business is exploring for and characterizing mineral findings and then selling the stake to a large company such as Cameco or Areva who then develops the mining operation for the site.
There will be more of this happening. The world consumes about 65,000 tonnes of uranium fuel annually, but only 35,000 tonnes comes from mining. The rest comes from secondary sources, and those are running out. So, there's a boom now in uranium exploration.
Posted by: cgh at November 27, 2009 1:54 PMKhan to Kirk...
I don't need to kill you, I have hurt you.....
and I want to continue hurting you....
or
Suzukis lament to mankind..
http://www.foxnews.com/story/0,2933,577185,00.html
IAEA Votes to Censure Iran for Nuclear Defiance
Friday, November 27, 2009
"The U.N. nuclear watchdog's board censured Iran on Friday, with 25 nations backing a resolution demanding that Tehran immediately freeze construction of its newly revealed nuclear facility and heed Security Council resolutions to stop uranium enrichment.
Iran remained defiant, with its chief representative to the International Atomic Energy Agency declaring that his country would resist "pressure, resolutions, sanction(s) and threat of military attack."
Delegate Ali Asghar Soltanieh of Iran shrugged off the vote.
"Neither resolutions of the board of governors nor those of the United Nations Security Council ... neither sanctions nor the threat of military attacks can interrupt peaceful nuclear activities in Iran, even a second," he told the closed-door meeting, in remarks made available to reporters.
Iran argues that its nuclear program is aimed at creating a peaceful nuclear energy network to serve its growing population. The United States and other nations believe Iran's nuclear program has the goal of creating nuclear weapons.
The IAEA resolution criticized Iran for defying a U.N. Security Council ban on uranium enrichment — the source of both nuclear fuel and the fissile core of warheads."
Yep, you can have any kind of AGW you want, but this way is a HELL of a lot quicker.
Yes sir, climate change is coming ... but it will likely be of a different variety.
Cheers
Hans-Christian Georg Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North"
Yep even a layman realises that developing long range missiles and perfecting guidance systems is an integral part of "peaceful energy developement".
Yeah...RIIIGGGHHT...
I can't play bagpipes but I can tell that is outa tune....just by listening.
Posted by: sasquatch at November 27, 2009 4:26 PMSell to friendly Russian neighbors or their Mongolian friends might discover a million reasons why your contracts are invalid. Shades of the Shell Sakhalin Shakedown.
Posted by: Sgt Lejaune at November 27, 2009 6:24 PMYou have that right. There have been 'problems' since the Mongolian government changed. There is an old Russian mine on the site and the ore could be processed in China or Russia. Khan proved it up and there were problems with leases etc. I know I lost money on it.
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