July 18, 2008

Demand for Nuclear Power Fueling Drive for Uranium Mining, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- Renewed concerns over global warming and record-high crude oil prices have left many policymakers rethinking their views on nuclear power plants. Nuclear power stations, unlike their coal-fired counter parts, do not release carbon dioxide, a leading culprit in global warming. As a result, there has been an increased demand for the mining of uranium, which is used for nuclear power. Through its subsidiary UraMin, AREVA NP, jointly owned by AREVA S.A. (EPA:CEI) (Paris) and Siemens (Munich, Germany), is on its way to becoming Africa's leading uranium producer with several exploration projects planned. One of UraMin's projects is set to become the third-largest uranium mine in Namibia after Rio Tinto's (NYSE:RTP) (London) Rossing mine and Paladin Energy's (ASX:PDN) (Subiaco, Australia) Langer Heinrich mine.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135627, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to [email protected] or visit us at www.industrialinfo.com.

Related News Articles

Power Generation Output in China up 10.10% in June 2008

Natural Gas Power Generation Could Solve Immediate Needs

India Aims for 20,000 Megawatts of Installed Nuclear Capacity by 2020

 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources