Word: uranium
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...URANIUM ORE is pouring out of the West at such a clip that AEC buying cannot keep up. No sooner had AEC begun operation of a new ore-buying station at Riverton, Wyo. last week than it had to announce plans for two more new stations, one at Greenriver, Utah and the other at Cutter, Ariz...
...said, "The free citizen also has a sovereign right to lose his money as he pleases, and would undoubtedly be trimmed in real estate, at the races, or in a uranium mine if the market is controlled...
Britain's government-owned atomic industries already produce plutonium and uranium 235 for military purposes, but the Fuel Ministry apparently plans to get along without much help from them. Its first four full-sized stations (100,000 to 200,000 kw. each) will burn natural uranium, turning a little of the nonfissionable U-238 into plutonium. When enough plutonium is available, more efficient reactors will use it as fuel, some of them turning comparatively cheap thorium into fissionable U-233. Eventually Britain will build breeder reactors that produce more fuel than they consume...
...years, the ministry reckons, its nuclear power plants will be grinding out about 2,000,000 kw. During the following decade they will multiply fast enough to take care of all needs for additional electricity, rising toward 15 million kw. by 1975. The ministry does not anticipate trouble with uranium supply. "Recent evidence," it says guardedly, "suggests that uranium is more plentiful than was once thought." Available also is "the substitute fuel thorium, which should be available in considerable quantities if it is required...
Hirshhorn's new $207 million deal with the Canadian government amounts to a cost-plus contract. Unlike most other producing uranium properties in Canada, which are so remote that supplies must be flown in at tremendous cost, the Algom property has access to good transportation. Miners guess it will cost Hirshhorn less than $10 a ton to get the Algom ore out, and the government is reported to be paying between $18 and $20 a ton for it. Estimated profit to Algom under the contract: $100 million. And that, says Hirshhorn, is only the beginning: "We're thinking...