Wednesday 13 July 2011

Nuclear sector is facing delays in security fears

The German Chancellor, who indicated that some plants could be closed more quickly than expected, said that "all which will be put under review."

Fresh explosions at the nuclear plant of Fukushima Daiichi promoted Japan of fears for the safety of the sector which have been taken by the Governments of the world.

The Swiss Government has suspended plans to build and replace nuclear power plants. Doris Leuthard, Minister of energy Switzerland, announced that a ban on "coverage" permission for nuclear and new replacements built "until that safety standards were carefully examined and if necessary adapted." Minister of the environment in Austria, Nikolaus Berlakovich, called a stress test of scale of the European Union "to" see if our nuclear power plants are evidence of earthquake.""

Analysts warned that the development of the U.S. nuclear industry could be delayed by political backlash being given that General Electric, the U.S. engineering giant, provided reactors at Fukushima.

In Britain, the Ministry of energy and climate change has insisted that its initial response - request a report - was not sufficient for the moment. A DECC spokesperson said: "we should not make snap judgments at this time, but we need to make sure that we can carefully determine what lessons can be learned."

The European Union called today to a meeting of the authorities of the nuclear safety and operators to assess Europe's emergency procedures.

UBS analysts warned: "" this accident could lead to more delays with the Governments and authorities of security... additional pressure on the security systems could increase costs for existing and new nuclear. "" URANIUM stocks were shaken by the earthquake of the Japan as traders fled the companies for a global clamp-down on nuclear power.

The power of the disaster was felt first by the Australian Securities Exchange, where about $1. 5bn struck the value of listed companies of resources.

Energy resources of Australia, which is controlled by listed London Rio Tinto plunged over the 12pc of close to $8.25; Paladin energy plunged 17pc; and extract resources dropped nearly of 8pc.

Resources of Berekeley, which is listed on the London Alternative Investment market (AIM) fell almost 15pc. 17 The Germany nuclear power plant operators have been affected - E.On has dropped almost FP7 while RWE has fallen more than 5 percent.

In the Canada, another centre for global resource companies, stocks have been hit that open markets - One of Uranium, fell 25pc; Cameco has decreased by 15pc; Denison plunged to 24pc.


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