Namibia: Japan Disaster Bad for Mining
allafrica.comWindhoek — Namibian uranium producers are holding their breath as the Japanese earthquake disaster continues to erode the prices of uranium.Share prices for nearly all parent companies to Namibian uranium entities started the week on shaky ground as fear and panic grip the world with concerns of looming nuclear disasters in quake and tsunami-ravaged Japan.According to international reports, some European countries have halted their nuclear programme while keeping an eye on development in Japan.Germany is reported to have suspended the agreement to extend the life of its nuclear power stations, while Switzerland put some nuclear power plant approvals on hold.Taiwan has announced plans to study reductions in nuclear power output. In the USA lawmakers have started to voice public concerns over the country’s plans for new nuclear power plants and are asking the country to suspend such operations in the interim period.However, France, China and India are going ahead with their support for nuclear power and have not suspended their operations.
#domino effect…