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(Montreal)If the nuclear crisis in Japan is contained without too much damage, itcould strengthen the case of atomic energy, says the proponent ofuranium exploration in Quebec's most advanced.
In an interview with La Presse Affaires,president and CEO of Strateco Resources, Guy Hebert, said at the outsetthat we will know the consequences of the crisis until it ends.But all is not lost for nuclear, he said.
The problems at the plant in Fukushima are the result of "two acts of God" (earthquakes and tsunamis), said Mr. Hébert."Let's see in twoweeks, but if it resists despite all that, if the Japanese deal withproblems and people can return to their homes, I think it can bepositive.We will see that this has withstood the worst disasters."He said the nuclear industry will emerge stronger, with even stricterrules.
Anyway, says Mr. Hebert, other types of energy are still more deadly - Thousands of people die every year in coal mines. And emerging markets can not do without nuclear energy, "he adds. Solar and wind can not provide enough energy to industrialized countries.There is no continuity in these energies. "
The market also seems to regain some confidence in nuclear energy.The securities sector uranium improved further yesterday.Cameco (( T. CCO ) took 7.4%, to $ 31.09. Strateco ( T. CHR ) suffered its third consecutive day of gains, closing at 69 cents, 9.5% gain.
The index of the WorldNuclear Association, which includes 66 publicly traded companies in thearea of ??nuclear energy, continues up the slope calmly since March 15.After falling from 3100 to 2700 points in two sessions, it reached the 2855 points yesterday, up 2.6%.
"If there is no major impact in Japan within two weeks, I think markets are going to replace," suggests Guy Hebert. In the short term, Strateco does not suffer from the fall of his title,which fell 45% after the tsunami of 91 cents to 50 cents.The company was able to conclude a funding of 15 million in December.
Strateco pending
Strateco has other concerns. Thecompany is still waiting to know if she gets the right to build a rampfor underground exploration to further enhance its Matoush project inthe Otish Mountains.
Last November, the review committee had held the federal and provincial public hearings on the subject.However, the nation Mistissini, on whose territory lies Matoush had indicated its opposition to the project.We will know soon the recommendations of both committees.
In the first week of April, at least a dozen of them meet withAboriginal communities in northern Saskatchewan, which live for decadesin the vicinity of uranium mines.Des visites d'une mine active et d'une mine désaffectée sont au programme. Visits an active mine and an abandoned mine are in the program.
The Cree Mineral Exploration is also active in response to inquiriesfrom the community of Mistissini on uranium exploration has confirmedits president, Jack Blacksmith.
The leader of the band council Mistissini Shecapio Richard, was unavailable for an interview yesterday. In an article published Aboriginal nation in February, he reaffirmed his opposition to the project."The social acceptability is just not there now," he said.