Uranium, Energy Not Bomb

United States produces about 100 million pound of uranium a year. It uses about 180 million. Some come from recycled uranium from Russian missile warheads.

05-Mar-2008: Commercial Program Destroys Nuclear Warheads While Generating Clean Electricity

26-Feb-2008: USEC said its American Centrifuge Plant in Piketon, Ohio, will cost more to build than previously estimated.

06-Feb-2008: Cameco Corp. reported adjusted 2007 net earnings 120% higher than in 2006 due to improved results in the uranium business.

25-May-2007: Jerry Grandey, CEO of Cameco, said on CNBC Fast Money: There’s a renewed interest in building nuclear plants across the world. In the U.S. there are 33 plants in the planning stage already. Five years ago Uranium spot prices started out at about $10 per pound, and today they are $125. Uranium demand will outstrip supply for the next 10 years. More than 150 new nuclear reactors have been proposed worldwide, with the most in China, India and Russia. 07-May-2007: Uranium future began trading on the NYMEX.

Major international companies involve in uranium include:

• Cameco Corp. (CCJ)
  A Canadian-based company engages primarily in the exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and internationally. It operates in four segments: Uranium, Fuel Services, Electricity, and Gold. It produces uranium out of Saskatchewan, Wyoming and Nebraska. It is the largest uranium producer with 20% of uranium production worldwide.
• Rio Tinto (RTP)
  A U.K.-based company produces 18% of the world's uranium reserves and is ranked as the second largest uranium miner behind Cameco. Uranium accounted for about 2% of Rio Tinto's revenues and 1% of earnings in 2006.
• USEC Inc. (USU)
  A U.S.-based company supplies low enriched uranium (LEU) for commercial nuclear power plants worldwide.
• BHP Billiton Ltd. (BHP)
  An Australian-based company engages in the exploration and mining for uranium, and other metals and minerals.

Nuclear Power Operators:

• Exelon Corp.(EXC) - maintains interests in 17 atomic reactors.
• Dominion Resources, Inc.(D)
  
• FPL Group(FPL)
  
• Entergy Corp. (ETR)

Nuclear Supporter:

• General Electric Co. (GE) - supplies support to 81 of the 442 global nuclear plants.

U.S. Nuclear Generation of Electricity