Post by IQ on May 22, 2005 4:38:53 GMT -5
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.
(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.