A conscientious administration of uranium mining and processing is critical within all stages of activities and planning, incorporating decisions from exploration through development, operations and construction, as well as the terminal decommissioning.
By Dave Brown - Exclusive to Uranium Investing News A conscientious administration of uranium mining and processing is critical within all stages of activities and planning, incorporating decisions from exploration through development, operations and construction, as well as the terminal decommissioning. Any current actions and decisions will affect present and future global societal interests, as well as those directly involved in uranium mining and processing. Exploration companies, mining operators, contractors, utility providers and regulators should make every effort to achieve the highest levels of excellence in these fields of responsible stewardship of uranium resources. It will only be through a commitment to the framework of internationally shared common principles and continued dialogue with multiple interest groups that future responsible mining will be possible. As this year marks the fiftieth anniversary of the first regulations for the Safe Transport of Radioactive Materials issued by the International Atomic Energy Agency ( IAEA), some stakeholders will be in Austria next week for a conference on the safe and secure transport of radioactive material. Corporate Objectives The top 5 global producers of uranium combined are responsible for 67 percent of the total uranium production and have all demonstrated respective positions on responsible mining. Cameco (TSX: CCO), Areva Group (EPA: CEI), Kazatomprom, Rio Tinto (NYSE: RIO) and Atomredmetzoloto JSC (ARMZ) all maintain some interest in cultivating a public perception of consistent sustainable practices; however, investors will note that the global image of at least some of these members have faced public adversity with resource disputes including joint venture partnerships. Sustainable development Uranium exploration and mining practices from a responsible and sustainable development perspective are similar to other mining activities. Associated activities require environmental permits and approvals preceding development. These developments are all individually obligated to comply with relevant environmental, occupational, health and safety requirements. They are progressively becoming more heavily regulated by global standards and audited by external contractors.