In Australia, a U-turn on uranium
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Australia's multi-billion dollar uranium industry is gearing up for expansion amid signs the Labor Party could drop its 22-year-old ban on new mines.
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SXR Uranium One agreed to buy UrAsia Energy for $3.1 billion to form the worldâs second-largest uranium producer as rising demand for nuclear fuel drives prices to records. SXR, owner of South Africaâs largest undeveloped uranium deposit, bid 7.05 Canadian dollars ($6.01) a share for UrAsia, which is based in Vancouver, British Columbia, and owns mines in Central Asia. That was 13 percent more than UrAsiaâs Feb. 9 closing price in Toronto, the companies said. SXRâs stock rose 6.8 percent to a record. The combined company, once all its mines are operating, will trail only Cameco in production and be the only producer in Kazakhstan, South Africa, Australia, the United States and Canada, the five largest holders of uranium deposits.
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Iran announced that it had begun converting uranium into the gas needed to turn the radioactive element into nuclear fuel.
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Australians try to tame the giant.
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IRAN has revealed it has started converting tons of raw uranium as part of technology that could be used to make nuclear arms. It comes despite the International Atomic Energy Agencyâs board demanding that Iran freeze all uranium enrichment.
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Australian Prime Minister John Howard  said on Thursday he would tell Russian President Vladimir Putin  that he would not approve the sale of uranium to Moscow if  there was any possibility it could be resold to Iran or Syria.
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By Axel Bugge BRASILIA, Brazil  - Brazil said on Wednesday ithas won approval from the U.N. nuclear watchdog to startenriching uranium at its Resende plant after months ofdisagreement over international inspections of theinstallation.
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The first ever commercially viable uranium reserves are found in the West African nation of Guinea.
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The Australian Government says it will try to encourage some of its northern neighbours to sign up to the Ottawa convention banning landmines.
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Prime Minister John Howard says he has  an open mind on the development of nuclear power in Australia,  which has 40 percent of the world&#039;s known reserves of uranium,  and has called for a full debate on the issue.
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THE CLIMATE for building new nuclear power plants in the United States hasn't been this good for decades. The Bush administration is solidly behind them. Some prominent foes have changed sides, embracing uranium-derived electricity as the best available answer to global warming.
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Australia's new government told an Indian envoy Tuesday that it will not sell uranium to his country while it is not a member of the global nonproliferation treaty.
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Canadian miner Uranium One said it had approved Australia's fourth uranium mine, the Honeymoon project in the South Australian outback.
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TEHRAN, Iran - Iran has converted a few tons of raw uranium into hexafluoride gas needed for enrichment, a necessary step toward producing nuclear fuel or nuclear weapons, a top nuclear official told The Associated Press on Wednesday.    Uranium hexafluoride gas is the material that, in the next stage, is fed into centrifuges used to enrich uranium...
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Australia is to sell uranium to Russia as long as the substance, used to generate nuclear power, is not resold to Iran.
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By Joe Walker, The Paducah Sun, Ky.  Dec. 17--Al Puckett remembers the 1960s when Paducah Gaseous Diffusion Plant supervisors ordered a worker to bury uranium waste in a gravel pit west of the plant on Saturdays.
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Australia is considering whether to match a controversial US nuclear deal with India to allow Canberra to sell uranium to the New Delhi government, Foreign Minister Alexander Downer said.