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EUROPEAN URANIUM RESOURCES LTD V.EUU

"European Uranium Resources Ltd is engaged in the identification, acquisition, exploration and, if warranted, development of mineral resource projects. Its projects are Kuriskova Uranium Deposit and Novoveska Huta uranium deposit."


TSXV:EUU - Post by User

Comment by GejzaMiazgaon Jun 19, 2014 3:24am
162 Views
Post# 22673958

RE:RE:RE:RE:RE:RE:RE:RE:First-hand info from Slovakia

RE:RE:RE:RE:RE:RE:RE:RE:First-hand info from Slovakia
lilswede wrote: I get it, you are against uranium mining. Does your country like electricity? I will be honest, don't know that much about Slovakia. Where is your electricity provided now. Is it coming from gas, coal, uranium, wind? Do you produce your electricity or is it imported?


Perhaps I'm not strictly against uranium mining in general BUT I am strictly against uranium mining in densely populated places as well as in places where it can endanger drinking water sources. The Jahodna-Kuriskova uranium deposit that EUU has been drilling/exploring is located both in a densely populated place (Kosice is the 2nd largest city in Slovakia) and in a place where uranium mining would pollute drinking water sources. Therefore I'm strictly against it.

As to electricity: you can't burn uranium directly like coal. There's a long long way from raw uranium or U3O8-yellow-cake (which are products of a uranium mine) to nuclear fuel (which is required by nuclear power plants). As I've already written in another post here, eventual uranium mining in Kosice wouldn't improve the electrical energy supply for Slovakia in the least because products of the uranium mine would be of no use for nuclear power plants without further processing and enrichment (from the economical point of view, the price of uranium yellow-cake represents only some 8% of the final price of nuclear fuel). In Europe there are only 2 countries able to process uranium yellow-cake into nuclear fuel: France and Russia. From these two, only Russian type of nuclear fuel is compatible with Slovak Soviet-type nuclear power plants and since TVEL (the Russian nuclear fuel supplier) has signed long-term contracts with its own yellow-cake suppliers (there's quite a lot of uranium in uninhabited areas of Kazakhstan and Russia itself), it has absolutely no motivation to buy expensive uranium mined in Slovakia.

Finally, from a global perspective, I shouldn't forget mentioning the 4-th generation nuclear reactors (currently under research&development) that shall be able to reuse nuclear waste from today's nuclear power plants - once those are in use, the demand for mined uranium shall go rapidly down (after all, it is not that high today either).
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