Rio sticks by uranium mining plans in wake of Japan crisis

Rio Tinto says it will soldier on through plans to mine uranium, even though it acknowledged the sector could stay behind unmoving for several years in the wake of Fukushima.The mining giant’s chief executive Tom Albanese said in a talking there is no doubt the recent nuclear meltdown in Japan had precious the growth of uranium mining and nuclear power sectors..''For us, I think maybe the growth rate of uranium over the next 10 years may well be slower than it would include been, post-Fukushima,''.

''There will probably be, over the next five years, an extensive delay in some new construction as a consequence of studies, more group of people challenges in getting new facilities planned, permitted or built.''Rio has an interest in the Rossing mine in Namibia and a scheming stake in Energy Resources of Australia and is at this time one of the biggest uranium producers.

Despite the debate surrounding the manufacturing and the decision by Italy, Germany and Switzerland to abandon nuclear power, Albansese said the insist will not decrease.In the wake of the earthquake in Japan, nuclear energy is at the forefront of nearly all people’s minds right now as the world is looking for conduct to generate baseload electricity with minimal greenhouse gas emissions.