Professor Randy Hazlett has recently commented on the uranium ban in Europe. Mine Magazine published an articlle that focuses on the Spanish Government planning to ban the mining of uranium and radioactive minerals.
Click here to read the full article.
Dr. Hazlett's full comment on banning the mining of uranium:
"According to world-nuclear.com, nuclear power provides 10% of the world’s electricity. The 2018 Massachusetts Institute of Technology Energy Initiative indicated a need to increase nuclear generation worldwide. The 2019 World Energy Outlook calls for nuclear power capacity to increase by between 17% to 46% by 2040, depending upon oil price and governmental sustainability policies. Thus, nuclear power is needed to both meet energy demand and assist decarbonization initiatives. The moratorium on uranium mining in Spain will positively impact Kazakhstan’s position in the world. According to World Nuclear News (world-nuclear-news.org), scratching the Salamanca project would effectively take 4.4 million pounds of uranium off the world market, according to Berkeley Energia’s own published feasibility study on the Spanish mine’s potential. The Spanish moratorium initiative was an amendment to an otherwise unrelated climate change bill targeting fossil fuels reductions. We cannot comment on the constitutionality of retroactively changing Spanish law. KazAtomProm is the world’s largest producer of natural uranium in a decreasing supply and increasing demand environment. According to the European Commission, Europe gets 30% of its electricity from nuclear power. Presently, nuclear power is not highlighted in the European Green Deal that concentrates on point of service energy generation and hydrogen power, despite nuclear power representing more than half of Europe’s present clean energy portfolio. Thus, long term need for nuclear fuel in Europe is uncertain, but decreasing nuclear energy dependency will surely slow down any efforts to meet aggressive decarbonization targets".
Click here to read the full article.
Dr. Hazlett's full comment on banning the mining of uranium:
"According to world-nuclear.com, nuclear power provides 10% of the world’s electricity. The 2018 Massachusetts Institute of Technology Energy Initiative indicated a need to increase nuclear generation worldwide. The 2019 World Energy Outlook calls for nuclear power capacity to increase by between 17% to 46% by 2040, depending upon oil price and governmental sustainability policies. Thus, nuclear power is needed to both meet energy demand and assist decarbonization initiatives. The moratorium on uranium mining in Spain will positively impact Kazakhstan’s position in the world. According to World Nuclear News (world-nuclear-news.org), scratching the Salamanca project would effectively take 4.4 million pounds of uranium off the world market, according to Berkeley Energia’s own published feasibility study on the Spanish mine’s potential. The Spanish moratorium initiative was an amendment to an otherwise unrelated climate change bill targeting fossil fuels reductions. We cannot comment on the constitutionality of retroactively changing Spanish law. KazAtomProm is the world’s largest producer of natural uranium in a decreasing supply and increasing demand environment. According to the European Commission, Europe gets 30% of its electricity from nuclear power. Presently, nuclear power is not highlighted in the European Green Deal that concentrates on point of service energy generation and hydrogen power, despite nuclear power representing more than half of Europe’s present clean energy portfolio. Thus, long term need for nuclear fuel in Europe is uncertain, but decreasing nuclear energy dependency will surely slow down any efforts to meet aggressive decarbonization targets".