Word: uranium
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More precisely, since no one contends that coal and uranium supplies are running out, is there a shortage...
...fauna are unrivaled, in part because of the great diversity of ultra-psammophilous adaptations. It is a great pity, therefore, that the South West African department of water affairs is now hellbent on pumping dry the underground water resources of the Kuiseb River to satisfy the corporate hunger for uranium...
Buried beneath Australia's remote, forbidding northern wilds is one-fifth of the world's known reserves of uranium, but they have been of no use to atomic-power plants. The government, fearful that mining would damage the Australian environment and that exports might encourage nuclear proliferation, has forbidden exports since 1973. Last week, however, Prime Minister Malcolm Fraser decided to permit mining companies to develop and export the mammoth lode...
...fixed prices of $8 to $12 a pound, claiming that it would be ruined if it followed through. Now, utilities in the U.S. and elsewhere are delighted to have a new source of supply. On a loftier plane, Fraser said, "The advent of Australia as a major supplier of uranium will make certain that Australia's voice on this most vital problem of international affairs -nuclear weapons proliferation-will be heard...
...interest, are geared up to go. At least one mine will be in full production by 1981, with others following in short order. At current world prices, the lode is worth an estimated $35 billion. As one Wall Street analyst, Andrew Racz, of Philips, Appel and Walden Inc., says: "Uranium could be to Australia what oil is to Saudi Arabia...