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ITER - States sign nuclear energy pact -
Iter represents the biggest scientific undertaking
since the space station
An international consortium has signed a formal agreement
to build an experimental nuclear fusion reactor.
The multi-billion-euro project known as Iter -
or "the way" in Latin - will aim to produce energy
from nuclear reactions like those that fuel the Sun.
If successful, it could provide energy that is clean
and almost limitless.
The project, which will be based in France,
follows years of talks between South Korea,
Russia, China, the EU, the US, India and Japan.
If all goes well, officials will build a demonstration
power plant before rolling out the technology
to the world.
Iter says electricity could be available on
the grid within 30 years.
Click here to see how fusion works
Big reward
"Fusion could become the dominant source of electricity
on Earth in a century or so - we have to work to try
to get it," Jerome Pamela of Iter told the BBC.
Green Room (BBC)
Fusion: Necessary investment
"Not doing so would be irresponsible because the outcome
could be huge, great for humanity," he said, adding
that it was nonetheless a "very, very demanding
challenge" to essentially imitate the work of
the Sun on Earth.
In a fusion reaction, energy is released when light
atomic nuclei - the hydrogen isotopes deuterium and
tritium - are fused together to form heavier atomic nuclei.
To use controlled fusion reactions on Earth as an energy source, it is necessary to heat a gas to temperatures
exceeding 100 million Celsius -
many times hotter than the centre of the Sun.
Isn't the money that's being spent on fusion better
spent on proven technologies rather than chasing a dream?
Roger Higman, Friends of the Earth
The technical requirements to do this, which scientists have spent decades developing, are immense; but the rewards,
if Iter can be made to work successfully, are extremely attractive.
One of the attractions of fusion is the tiny amount of fuel needed. The release of energy from a fusion reaction is
said to be 10 million times greater than from a typical chemical reaction, such as burning a fossil fuel.
Lead partner
The project is based in Cadarache, about 60km (40 miles)
from Marseille in the Provence-Alpes-Cote d'Azur region.
It currently hosts Tore-Supra, one of the existing
European centres for fusion research.
ITER - NUCLEAR FUSION PROJECT
Prominences on the Sun (Nasa)
Fusion is the nuclear process that operates at the core
of the Sun
Project estimated to cost 10bn euros and will run for
35 years
It will produce the first sustained fusion reactions
Final stage before full prototype of commercial reactor is built
Work to clear a wooded area for the Iter buildings will begin in the spring. Ancillary and power facilities and a visitors' centre will go up in 2008. The reactor itself will start to take shape in 2009.
The French site was chosen after a long period of bartering between the Iter parties; and the EU, as the host bloc, is shouldering 50% of the five-billion-euro construction costs.
The deal signed by ministers on Tuesday puts those
negotiations into effect, establishing the
international organisation that will implement
the Iter fusion energy project.
The signature took place at a ceremony at the Elysee Palace
in Paris, hosted by the president of France, Jacques Chirac, and by the president of the European Commission, Jose Manuel Durao Barroso.
After the signature ceremony, the first meeting of
the Interim Iter Council will take place.
The green lobby is opposed to the Iter project.
It believes the benefits have been oversold and
the difficulties and waste production issues
underplayed.
Roger Higman, policy coordinator for Friends of the Earth,
told BBC News: "We face a very real energy crisis over
the next 50 years which is to do with climate change;
that we have to stop using coal, oil and gas.
"The question we would ask is: isn't the money that's
being spent on fusion better spent on proven technologies rather than chasing a dream that even its proponents
say will take a hundred years before it's going to
providing any of our energy answers?"
Fusion schematic (BBC)
The proposed Iter reactor is shaped like a doughnut - a Russian-conceived design referred to as a tokomak
Deuterium and tritium - isotopes of hydrogen -
are fed into the reactor and heated to 100 million Celsius
A powerful magnetic field holds the hot plasma, or gas,
away from the walls and squeezes to initiate fusion
Iter hopes to do this in bursts of 500 seconds;
a commercial reactor would have to run for prolonged
periods
In a commercial reactor, energetic neutrons are absorbed
in a surrounding 'blanket' to drive a steam-turbine system
http://news.bbc.co.uk/2/hi/science/nature/6165932.stm
Denison Mines Inc. (TSX:DEN) reports Q3 its results for
the third quarter -
TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2005) -
Denison Mines Inc.
(TSX:DEN) reports its results for the third quarter
and nine months ended September 30, 2005.
All amounts are in Canadian dollars unless otherwise
specified.
Consolidated net income (loss) was ($891,000)
or ($0.04) per share for the three month period
and $207,000 or $0.01 for the nine month period
ended September 30, 2005
compared with consolidated net income (loss)
of ($52,000) or $0.00 per share
and ($1,572,000) or ($0.08) per share
for the same periods last year.
Revenue was $8,549,000 and $24,013,000 for the three months
and nine months ended September 30, 2005 respectively
compared with $10,458,000 and $27,298,000 for
the comparable periods in 2004.
Cash provided from operations, after working capital
changes, for the three months ended September 30, 2005
totaled $5,101,000 or $0.20 per share and for
the nine months ended September 30, 2005
totaled $5,132,000 or $0.20 per share.
This compares to operating cash of $2,207,000 or
$0.10 per share for the three month and $11,951,000
or $0.61 per share for the nine month comparable
periods last year.
Significant events in the third quarter included:
- The spot price for uranium (U3O8) increased to
US$31.25 at September 30, 2005 from
US$29.00 at June 30, 2005.
- The value of United States currency, relative to
Canadian currency, declined significantly during the quarter.
The exchange rate declined from $1.2254 at June 30, 2005
to $1.1627 at September 30, 2005.
The average realized exchange rate on uranium sales
in the third quarter of 2005 declined to $1.1738 from
$1.2925 average for the third quarter in 2004.
- The summer exploration drilling program at
the Wheeler River uranium project, of which Denison
is the operator, commenced in June 2005 and
continued throughout the quarter.
- The test mining program at McClean Lake was carried out
during the quarter and is now complete for the year.
The specialty equipment, namely the mining tools and
the mining pipes, engineered and manufactured exclusively
for the Pilot Test Program, has been successfully
commissioned and to some extent tested in the sandstones.
- Mining of the Sue A and Sue E uranium deposits
commenced during the quarter.
- Denison completed the purchase of 1,500,000 pounds of
U3O8 on behalf of Uranium Participation Corporation,
of which it is the manager, and earned $875,000 in
commissions and management fees.
- Denison strengthened its geology team with the addition
of Blair Needham, HBA, as geologist and Don Carriere,
BASc, MASc, as geophysicist.
http://www.investorshub.com/boards/quotes.asp?ticker=t.den&qm_page=67949&qm_symbol=T.DEN
http://www.investorshub.com/boards/board.asp?board_id=7037
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Production>> The McClean Lake Facility -
The McClean Lake Facility -
The JEB Tailings Management Facility
http://www.denisonmines.com/content/uranium/mcclean.cfm?catid=91
Ore feed to McClean Mill
McClean Lake Deposits
The McClean Lake Joint Venture -
also owns several uranium deposits -
At the JEB and Sue C deposits -
the Joint Venture has mined and stockpiled -
over 41 million pounds, a sufficient amount -
of ore to feed the McClean mill -
until into 2006.
Mining is recommencing in 2005 -
with the Sue A deposit -
which will be completely mined
in the year, followed by mining
of the Sue E deposit -
The remaining known deposits -
including McClean North -
and Caribou -
are expected to be mined -
over the next three years.
Production>> Marketing -
Denison's Uranium Marketing Arrangements -
http://www.denisonmines.com/content/uranium/marketing.cfm?catid=94
Presentations>> Video -
http://www.denisonmines.com/content/presentations/video.cfm?catid=129
Business Description:
The Company owns a 22.5% interest in
The McClean Lake Uranium Mine -
and facility and a 25.17% interest in
The Midwest Project -
in northern Saskatchewan, and is actively
engaged in exploration activities in
Canada's Athabasca Basin and in Mongolia.
It is engaged in mine decommissioning
and environmental services through its
Denison Environmental Services division
and provides management services to
Uranium Participation Corporation.
Address:
595 Bay Street, Suite 402,
Toronto, ON, CN M5G 2C2
Telephone:
(416) 979-1991
Website:
http://www.denisonmines.com
Facsimile:
(416) 979-5893
Email:
scolman@denisonmines.com
http://www.netcastdaily.com/broadcast/fsn2006-1118-1.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2b.m3u
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