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

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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 metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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Tags: ,Energy and Utilities:AlternativeEnergy, EnergyandUtilities:Coal, EnergyandUtilities:Equipment, EnergyandUtilities:Nuclear, ManufacturingandProduction:MiningandMetals, ,NYSE0001,TX,SUGAR LAND, TX

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