Security Council unequivocally condemns terrorist strikes against US

By its resolution, the Council expressed its readiness to take all necessary steps to respond to the attacks in New York, Washington, D.C., and Pennsylvania – and any acts of terrorism – which it called “criminal and unjustifiable.” The Council called on all States to work together urgently to bring to justice the perpetrators, organizers and sponsors, stressing that anyone who aids, supports or harbours those people will be held accountable.Emphasizing that the attacks represented a threat to international peace and security, the Council called on the international community to redouble its efforts to prevent and suppress terrorist acts by increased cooperation and full implementation of the relevant anti-terrorist conventions and Security Council resolutions.The Council also expressed its deepest sympathy and condolences to the victims, their families and the people and Government of the United States.Prior to the adoption of the resolution, individual members of the Council took the floor to voice their outrage, condemning the attacks, urging that the perpetrators be brought to justice, and offering expressions of solidarity and sympathy to the US. In their statements, they echoed the views expressed at the outset of the meeting by UN Secretary-General Kofi Annan, who described yesterday’s events as “an attack on humanity as a whole” and urged all nations to join forces in finding the perpetrators. US Ambassador James Cunningham said his country had suffered a cowardly and evil attack, “but America is not and will not be shaken in its resolve.””We will grieve and we will heal,” Ambassador Cunningham said. “We look to all those who stand for peace, justice and security in the world to stand together with the United States to win the war against terrorism.” He warned that the US would make no distinction between the terrorists and those who harboured them, pledging to bring those responsible to account.”Yesterday’s horrifying images burned now into the global memory serve as a constant reminder to all of the need to stamp out this scourge and of the need for determination and action to do so,” he said. read more

Uranium One posts thirdquarter loss as it writes down mine value revenues

by The Canadian Press Posted Nov 5, 2012 8:43 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – Uranium One Inc. (TSX:UUU) dropped to a loss in the third quarter as the miner booked a $79.1 million writedown related to the value of its shuttered South Zarechnoye uranium deposit.The Toronto-based uranium miner also said Monday that uranium prices fell throughout the third-quarter and into the start of the current three-month period.The company booked a quarterly loss of $61.6 million, or six cents per share, compared to a profit of $45.8 million, or five cents per share, a year earlier.On an adjusted basis, earnings were $7.6 million or a penny per share, compared to adjusted net earnings of $46.4 million or five cents per share in the same period the previous year.Revenues slipped to $142.6 million from $157.7 million.The company said the decision to shutter the South Zarechnoye project, located in southern Kazakhstan, came after uranium sales were hard hit following the earthquake and tsunami in Japan last year that crippled the Fukushima nuclear plant.“It would not be economical to mine the South Zarechnoye deposit due to the decrease in uranium prices since the Fukushima incident, together with a decrease in the (project’s) resource base resulting from recent exploration results and the completion of an economic assessment,” the company said in a release.Production was 23 per cent higher at 3.1 million pounds in the third quarter while sales volumes grew eight per cent. However, the average realized sales price fell to $49 per pound from $51 per pound in the third quarter of 2011.Uranium One said prices have been falling in recent months, going below the $50 per pound mark in the third quarter to a range of $46.50 to $49.50 per pound, due to higher supply levels.The company said those prices slid even further in the early part of the fourth quarter, with prices currently at about $41.“Fundamentals for the medium and long term, however, remain positive, especially following the announced deferrals of a number of large, high profile uranium mining projects,” the company said.Uranium One is holding its production guidance for the year at 11.6 million pounds, while production for next year is expected to be 12.5 million pounds. Uranium One posts third-quarter loss as it writes down mine value revenues drops read more