Part Four: The Lowdown on the Louisiana Energy Services Uranium Enrichment Facility

After the uranium is enriched, about 90 percent waste. "Initially, it will be stored on site in the form of depleted UF6", Ferland explained. "Of course, the majority of the U-235 will be taken from the tailings at that point. Certainly, there will be a little about." But where will the tailings go? Ferland has a beat not skip in his reply, "We have two options for removing the tails. Wherever we go right this minute, and I would expect this is where we will end up, is we will have a private deco version facility to build. Or someone else will build a private party for us. "
And who would deco version facility to build? "To the extent that builds and operates the plant, it would be us or someone else," Ferland said. "We have a memorandum of understanding in place with Areva, which would allow us access to their technology. They have a current version deco factory in France that we could choose to copy well." According to Ferland, the plant will not be built in New Mexico, "Part of the settlement agreement with Governor Richardson and (New Mexico) Attorney General Madrid was we agreed not to build. Deco version a factory in the state"
Ferland suggested the plant could be in Texas, but perhaps elsewhere. He believes it can build to take a few years and would cost between $ 100 and $ 200 million to build. Ferland added: "It would create between 50 and 80 new jobs." Ferland said LES would the permitting process for the deco version plants begin in the next few years. "You have to go through the entire NRC licensing process to build one of those," he noted. "We're looking at two to three years, approximately. And then we start building and begin to work at that facility. That is where we are headed with deco version." Which meshes with operational plans enrichment facility. "I would not be surprised to see within a year or two after we reach full capacity (with the enrichment facility) online version deco plants" Ferland said.
Not to provide a more accurate predictions about how long the tailings remain in storage in New Mexico, the LES enrichment facility, our Ferland suggested some possible destinations for the waste, "You just send that to any of a variety of low- level landfills across the country. The closest is in Utah. There may be a day in Texas in Waste Control Specialists (WCS) facility. They are in the process of getting a license. "Will the deco version factory are located in Texas? "It would be good," he replied. "The facility is just a few miles from our site. Inherently, it makes sense. The missing link is of course that the WCS facility is not licensed today."
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.

Part Two: The Lowdown on the Louisiana Energy Services Uranium Enrichment Facility

Which countries Source Uranium for New Mexico Facility Could?
We asked Ferland as the uranium might come from Kazakhstan, Niger, Namibia or elsewhere. He could not say where, "Again, it comes from the U.S. utilities. I'm sure the U.S. utilities will comply with whatever laws or regulations that are out there, about where the source material can come."
Julian Steyn shed some light on the subject, "The uranium that is sent to New Mexico LES plant for enrichment will probably come from many countries around the world, including USA, Canada, Australia, Niger, Uzbekistan and Kazakhstan. The latter country is fast becoming a major supplier. "
Is based on what is, can be enriched uranium come from anywhere. In fact, on January 27 this year, John Bors Hoff, managing director of the Australian-based Paladin Resources (TSX: PDN), announced securing a contract of sale of an unnamed American assistance for the purchase of more than 2 million pounds of U3O8 for delivery between 2007 and 2012. The uranium would come from the company's Langer Heinrich uranium mine in Namibia, which is scheduled to open in september. About thirty kilometers away is Rio Tinto Rossing uranium mine, where ironically the country of Iran remains are minority shareholders. Could be heading for future uranium enrichment facility in New Mexico? Namibian uranium As Ferland reminded us, "I do not know at this point." Ferland adds: "As far as LES is concerned, it is provided by the utilities on our website."
When we asked Uranium Producers of America Executive Director Jon Indall the LES entry in New Mexico, he told us, "They are welcome in New Mexico until the U.S. uranium they are enriching." Indall, a highly respected lawyer who is located in Santa Fe, is eager to help rebuild the U.S. uranium industry. We found his comments on Ferland, who responded, "There is very little uranium mined in the U.S. But I certainly hope that there will be, whether it's mined in Arizona, Colorado, Wyoming, New Mexico, or anywhere else. If the U.S. wants to be energy independent, and we want nuclear part of that, then we probably need some mines reopened in this country. "
Strathmore Minerals president David Miller was quick to respond, "We are on some of our uranium properties. By the time LES reached full capacity by the prefeasibility stage in 2013, we were able to produce more than two million pounds per year." Miller pointed out the speed of the permitting process will mainly determine how quickly his company exceeds two million production level. Other companies, developing real estate in New Mexico, Wyoming and Texas, would also contribute between one and two million pounds of uranium in the years prior to reaching the National Enrichment Facility of full capacity.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.