GRAPHIC: Uranium juniors defy bear market pricing

Business Insider's Gregor MacDonald was amazed at solar power's break out in the last energy report from BP, and he wonders if more traditional power sources that are hobbled by cost, regulation and uncertainty will lose to solar power.

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power to cherry pick which combination of country and project offers the best returns."

Apart from developments in Japan and the expiry of the Russia-US nuclear weapons agreement Beijing restarting its construction programme after a review will support oxide prices.

Energy Fuels announced today that Denver District Court Judge John N. McMullen ruled in favor of the Colorado Department of Public Health and Environment and Energy Fuels, Inc. on the ten substantive environmental, health, and safety claims in a case challenging CDPHE's issuance of a radioactive materials license for the Piñon Ridge project to Energy Fuels.

Last year coal was the the only fossil fuel to record above average worldwide growth at 5.4%, while nuclear power consumption was off 4.3%, the largest decline on record, said BP in its look at energy use in 2011.

World number one miner BHP Billiton on Wednesday bought additional exploration plots near its Olympic Dam mine and $30 billion expansion project.

First Uranium's (TSE:FIU) plan to sell some of its South African assets was thrown into further disarray after Kumvest (Pty) Ltd. offered to buy First Uranium in order to block the sale.

An additional $10 million in funding has been approved for the Nuclear Regulatory Commission (NRC) to complete its review of the licence application for the Yucca Mountain repository. Last year, the NRC shelved the review after funding was slashed.