US appeal court judges have ruled that a case seeking a resumption of licensing work for a nuclear waste repository at Yucca Mountain will be put on hold, despite agreeing that the Nuclear Regulatory Commission cannot legally give up work on the application.
Two of the German reactors ordered to shut after Fukushima will be dismantled as soon as possible. EnBW has applied for permission to do the work and said it has more than enough funds set aside.
The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.
BHP's board was to make a decision on the $30 billion project this year, but a newspaper report over the weekend said a decision will not be made until 2014 and BHP's uranium division "confirmed the deferral and said a recruitment freeze was now in place".
Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.
There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an annual average rate of 4.3%, reveals a study published Saturday.
Protestors at Australia's Olympic Dam mine, which is perched on top of the world's largest known deposit of uranium, have managed to smash through the perimeter gate of the mine and enter the site itself.