Postby Ican » Wed May 23, 2007 9:29 pm
Australia and Russia have the most uranium deposits, with Russia controlling 40% of the world market according to an article I was reading.
It looks the right market conditions exist for Uranium mining, and us Somalis can benefit assuming the uranium deposits are actually there because I haven't been able to find any other scholarly article/journals to confirm it. With recent increase in gas, nuclear generated electricity is an alternative a lot of countries are pursuing especially china. The only problem is the actual mining is very expensive and the price will probably need to continue to increase for companies to start exploring in this region.
I'm hoping to go in two years or so when I'm done school to check things out.
@Grant, The article I was reading had uranium(yellowcake) at just $9/lb in 2001, so that is pretty significant increase.
@Guhad, Sounds like a nice place bro.
@Icey, If you're going in the summer, take some pictures sxb. But, I doubt it's marexan region.