Uranium ?

[IQ]

Back in December 2004 why did CMKX buy back 75bil of its own shares ?
(Does it have something to do with the 500K Acres - Athabasca Basin mine – Uranium) chuckle chuckle

CMKM Diamonds, Inc. Announces Purchase of 75 Billion Shares Issued to Nevada Minerals, Inc. for Acquisition of Mineral Rights in Saskatchewan, Canada
Saturday December 18, 8:00 pm ET


LAS VEGAS--(BUSINESS WIRE)--Dec. 18, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) announced today that it has repurchased the 75 billion shares of the common stock stocks issued to Nevada Minerals, Inc. in July of 2004 to acquire mineral rights in Saskatchewan, Canada. The shares were restricted. The purchase price for the shares was $ 2.2 million, of which $2 million was in the form of a note payable in one year. "Being able to reacquire these shares for this price is a great opportunity for the Company," said Urban Casavant, the Company's CEO.

Back in 2004 the entire world realizes the Demand for Uranium is going to be greater then the supply, what role does China have?

SASKATCHEWAN'S URANIUM RESOURCES PROMOTED IN LONDON
Leaders of the world's nuclear industry received a presentation on Saskatchewan's strength and stability as a global uranium producer.

Industry and Resources Minister Eric Cline delivered the keynote address yesterday at the 2004 Annual Symposium of the World Nuclear Association in London. Cline shared with the 500-plus delegates the role Saskatchewan is playing in helping fuel the global energy future, and outlined the investment climate for energy companies that exists in the province.

In his remarks Cline noted that while the medium and longer term hold potential for growth for the world nuclear industry, there are short-term challenges that need to be addressed. "Uranium supply is not currently keeping up with demand on a global basis," he said. "Over the past ten years, the rate of increase in demand has been more than three times the rate of increase for primary production."

Cline said that even if all mines now planned are brought into production on schedule, this will not be sufficient to meet projected demand, and that it will take some time for primary production to catch up.

The minister said that with 30 per cent of global uranium production, Saskatchewan is well positioned to meet those future needs. "No matter where you are in the world, when it comes to uranium, people know Saskatchewan. Our province can play a major role in helping supply world energy needs."

Cline told delegates that Saskatchewan offers a stable regulatory regime, positive investment climate and competitive tax environment for the industry, along with a skilled workforce and quality infrastructure.


The uranium industry generates more than $540 million a year in provincial economic activity, and a further $40 million in direct taxes and royalties. It also accounts for 4,800 direct and indirect jobs.

Cline's presentation to the World Nuclear Association was part of the current
Team Saskatchewan investment mission to Europe.


So I went looking and look at what I found !
public.resdata.com/rdimaps/html/DetailTemp.asp?d=1&i=1534

Looks like China runs on Coal, and will have no choice but to use Uranium to keep up with its growth.

Another interesting article:
www.uic.com.au/nip80.htm
Nuclear Power in India and China
UIC Nuclear Issues Briefing Paper # 80
September 2004

· India has a flourishing nuclear power program and expects to have 20,000 MWe of nuclear capacity on line by 2020.
· China has nine nuclear power reactors in operation and a further units under construction. Electricity demand is growing at 15% per year. Nuclear capacity of 36,000 MWe is planned by 2020.
· India is already self-sufficient in reactor design and construction, as well as uranium supply and fuel production, and China aims to become so.
· India's uranium resources are limited, so it is focusing on developing the thorium fuel cycle to utilise its extensive reserves of thorium.
· China's known uranium resources appear to be sufficient for the short-term, though a closed fuel cycle strategy has been adopted.

India is the world's largest democracy, with over one billion citizens. China has over 1.2 billion people. They represent about half of the world's population which is rapidly increasing its energy, and particularly electricity, use. They both have well-considered policies to increase dramatically their use of nuclear power to make that electricity. Both see nuclear power as an important ingredient of sustainable development.
India
See also: Nuclear power in India and Pakistan paper.
Nuclear power for civil use is well established in India and has been a priority since independence in 1947. In 1948 the Atomic Energy Act was passed, and the Atomic energy Commission set up. Under it, the Department of Atomic Energy was created in 1954, when the country's 3-stage plan for establishing nuclear power was first outlined.

[IQ]

This plan first employs Pressurised Heavy-Water Reactors (PHWR) fuelled by natural uranium to generate electricity and produce plutonium as a by-product. Stage 2 uses fast breeder reactors burning the plutonium to breed U-233 from thorium. Stage 3 was to develop this and produce a surplus of fissile material.
Nuclear power for civil use is well established in India. Its civil nuclear strategy has been directed towards complete independence in the nuclear fuel cycle, necessary because it is excluded from the 1970 Nuclear Non-Proliferation Treaty (NPT) due to it acquiring nuclear weapons capability after 1970. (Those five countries doing so before 1970 were accorded the status of Nuclear Weapons States under the NPT.)
This self-sufficiency extends from uranium exploration and mining through fuel fabrication, heavy water production, reactor design and construction, to reprocessing and waste management. It has a small fast breeder reactor and is about to build a much larger one. It is also developing technology to utilise its abundant resources of thorium as a nuclear fuel.
It has 14 small nuclear power reactors in commercial operation, nine under construction - including two large ones, and more planned. In 2003 nuclear power contributed 16 billion kWh of electricity - 3.3% of total, from 3.6 GWe of capacity.
Government policy is to have 20 GWe of nuclear capacity operating by 2020.
China
See also: Nuclear power in China paper.
China started its nuclear power program in the 1970s and the industry has now moved to a steady development period as electricity consumption grows very rapidly.
While coal is the main energy source in China, most reserves are in the north or northwest and present an enormous logistic problem. Nuclear power stations are located in the south and southeast where there is most economic growth and no coal.
China has nine nuclear power reactors in operation and two more under construction taking the total to 8.4 GWe capacity. Another eight are due to start construction, which will give 15 GWe total.
Its operational reactors generated 42 billion kWh of electricity to the national grid in 2003, representing 2.2% of total electricity generation in the country.
Most electricity produced in China is supplied by fossil fuels (about 80%, mainly coal) and hydro power (about 18%). Nuclear power has an important role, especially in the coastal areas remote from the coalfields and where the economy is developing rapidly.
China has set the following points as key elements of its nuclear energy policy:
· PWRs will be the mainstream but not sole reactor type.
· nuclear fuel assemblies are fabricated and supplied indigenously.
· domestic manufacturing of plant and equipment will be maximised, with self-reliance in design and project management.
· international cooperation is nevertheless encouraged.
China's known uranium resources of 70,000 tonnes of uranium will be sufficient to fill the requirements for the country's nuclear program for the short-term. In order meet its goal of being self-sufficient in nuclear fuel supply, additional fuel production capacity will be required.
Government policy is to have 36 GWe of nuclear capacity operating by 2020.

India and China vis a vis the Nuclear Non-Proliferation Treaty (NPT)
India's nuclear weapons program is described by its government as a necessary minimum deterrent in the face of regional nuclear threats that include a considerably larger Chinese nuclear arsenal as well as Pakistan's nuclear arms.
While India and China are alike in having large aspirations to produce clean energy in the 21st century using nuclear power, the two countries occupy quite different positions in relation to the NPT.
China exploded its first weapon in 1964, and India did so in 1974. Between those dates, the NPT went into effect. Under its terms, China became recognised as one of the world's five 'weapon states'.
For its part, India was left with the choice of remaining outside the NPT or relinquishing any possibility of maintaining even a minimal nuclear deterrent. In the light of perceived strategic challenges from both China and Pakistan, India chose a nuclear deterrent. However, it has been scrupulous in ensuring that its weapons material and technology are guarded against commercial or illicit export to other countries.
Meanwhile, international efforts to build a stronger non-proliferation regime have had the effect of penalising India harshly.
The NPT itself requires only that internationally-traded nuclear material and technology be safeguarded - a condition that India has continually made clear it is willing to accept, even though it declines to disarm and join the NPT as a "non-weapon-state". However, in 1992, in an effort to induce expanded participation in the NPT, the informal 'club' of nations called the Nuclear Suppliers Group decided - as a matter of policy, not law - to prohibit all nuclear commerce with nations that have not agreed to full-scope safeguards. This precondition effectively requires countries to join the NPT as non-weapon-states if they are to participate in nuclear commerce.
As a practical matter, this has left India as a pariah in the world of nuclear commerce. India's response has been to intensify its embrace of the ethos of self-reliance as it continues its dual policy of maintaining a small nuclear deterrent while pursuing peaceful nuclear power on a ever-larger scale.
In October 2002 - while India was hosting a major conference of signatories to the International Framework Convention on Climate Change - the Indian Prime Minister called for a rational review of global non-proliferation policy. Specifically, he asked the international community to:
· Focus on clandestine and illegal development and transfer of missile and nuclear technology;
· Recognise that India's indigenous nuclear weapons program provides nothing more than a "minimum credible deterrent" that is necessary for its regional security and that India has not contributed to nuclear proliferation beyond its borders;
· Take cognizance of the global environmental importance of India's civil nuclear power program and co-operate with it, using safeguards to ensure that all traded material is used for peaceful purposes; and
· End its hypocrisy in relation to the Kyoto Protocol on climate change. ("It is truly ironic that we are lectured on our moral obligations to clamp down on emissions while being denied international technology co-operation.")

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[Bart]

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IQ: From this PR the Uranium had nothing to do with the 75B shares. Plus it had nothing to do with Nevada Minerals.

CMKM Diamonds, Inc. Announces Joint Venture on Uranium Claims

10/8/2004 : LAS VEGAS, Oct 8, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc., (Pink Sheets:CMKX) is pleased to announce it has reached an agreement with United Carina Resources Corp. (UCA) CDNX whereby CMKX can earn a 50 percent interest in recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKX to pay $100,000 dollars on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary and $750,000 dollars is to be spent during the second year of the deal.

The properties consist of approximately 35,800 acres and are located in the Wollaston Lake - Hatchet Lake area of Saskatchewan. A substantial amount of exploration has been carried out on these properties in the past and United Carina Resources Corp. is undertaking a compilation of all the data available and will undertake fieldwork as soon as possible. Previous work on the claims outlined several conductive zones, which yielded assays in excess of 1% U3Oa. The properties are located 30 kilometers north and northeast of four known uranium deposits (Rabbit Lake, McLean Lake, Collins Bay, and Eagle Point). United Carina will be the operator of the project and Mr. Dave Billard of Saskatoon will be the Qualified Person for the project.

The Wollaston area is one of the world's most prolific districts for rich uranium deposits. Two classifications of deposits are present: the unconformity-type and the basement-type. The unconformity deposits are related to the base of the Athabasca sandstone and usually occur at the contact of the Archean granitoid gneisses with the Aphebian meta sediments (e.g. Collins Bay, McClean Lake). Basement deposits are hosted solely in the meta sediments (e.g. Rabbit Lake, Eagle Point).

All known deposits are related to the junction of north-easterly and northerly-trending faults, and have a close association with graphitic rocks. These deposits may be up to 1000 meters long, 100 meters wide, and less than 20 meters thick. The ore pods consist of a high-grade uranium ore. The deposits are surrounded by extensive alteration halos of chlorite, cericite, illite, and tourmaline. The majority of these deposits straddle the edge of the Athabasca sandstone and exhibit varying degrees of geophysical responses and radiometric signatures.

The claim blocks held by United Carina Resources Corp. have many of the above geophysical characteristics and hence have good exploration potential for uranium.

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