us to fund . . cleanup with u transfers

This week will be a good test of market which is not yet showing signs of being rattled

U.S. (Department of Energy) To Fund Ohio Portsmouth Site Cleanup With Uranium Transfers
Source: U.S. Department of Energy
Posted on: 2nd March 2011

http://www.thegovmonitor.com/world_news/united_states/u-s-to-fund-ohio-portsmouth-site-cleanup-with-uranium-transfers-47154.html

Secretary of Energy Steven Chu announced today that the Department of Energy has issued a determination and market impact analysis authorizing uranium transfers to fund accelerated cleanup activities at the Portsmouth Site in Piketon, Ohio, through the third quarter of calendar year 2013.

The Determination finds that the proposed transfer of uranium will not have an adverse material impact on the domestic uranium industries.

The determination authorizes the Department to conduct transfers on a quarterly basis, with no more than 450 metric tons (MTU) of natural uranium to be transferred in a quarter.

Total proposed Department transfers, including scheduled transfers by the National Nuclear Security Administration (NNSA), are approximately 2,000 MTU per year over the calendar years 2011 through 2013, consistent with the principles and policies set forth in the Department?s Excess Uranium Inventory Management Plan.

The Secretary?s determination is based on an independent market impact analysis performed by Energy Resources International, Inc.

The determination and analysis took into account the uranium transfers to fund the accelerated cleanup work at the Portsmouth Gaseous Diffusion Plant along with scheduled transfers by the NNSA.

The Secretary is required by the United States Enrichment Corporation Privatization Act of 1996 to determine that this kind of transfer of uranium will not have an adverse material impact on the domestic uranium mining, conversion, or enrichment industries.