Stability in tough times

摘要

Finding capital to go forward with either uranium mine development or nuclear power plant construction has now become more difficult. The junior mining companies' enthusiasm for new mine development has largely dried up. The market cooling since mid-2007 has caused some new uranium projects to slow, others to be reassessed, and some to be put on hold. There are even projects which received positive go-aheads a year ago that are now being slowed down. The availability of financing and the concerns caused by climate change are weighing against each other. Fortunately, there is an increasing awareness in public and political circles of the reality that the nuclear option is the only long-term carbon-free alternative for base load electricity generation.