About Oil Shales & Uranium

URANIUM IN SWEDEN

Sweden has significant oil shales which also contain an extensive mineral potential. Swedish government geological reports estimate approximately 35 billion brls of oil using a 10% cut off grade. The contained metals are also indicated in the billions of lbs., although it is low-grade.1  

The Swedish government has done a considerable amount of work on these shales, and on two occasions has mined them for both uranium and oil. These activities ceased in both cases due to the significant drop in their commodity prices. 

Continental has engaged a recently retired senior government geologist, who has specialized in these shales. With his assistance, the company is taking out licenses to cover a large percentage of the richest of these resources.

WHAT IS AN OIL SHALE?

Oil shale (known as ‘alum’ shale in Sweden) is a general term which specifies a group of rocks rich enough in organic material (or ‘kerogen’) to yield petroleum upon distillation. The kerogen can be converted to oil through ‘pyrolysis’ – a chemical process in which the oil shale is heated to 445-500 °C in the absence of air and the kerogen is converted to oil and separated (a process called "retorting").2

The United States Energy Information Administration estimates the world supply of oil shale at 2.6 trillion barrels of recoverable oil.3

WHAT IS NUCLEAR POWER?
“Nuclear energy is the only non-greenhouse gas-emitting power source that can effectively replace fossil fuels and satisfy global demand”
Dr. Patrick Moore, founder of Greenpeace

Nuclear power is now recognized as a practical, inexpensive and clean (emissions-free) source of energy. Today’s nuclear energy production saves around 2.4 billion tonnes of carbon dioxide emissions per year that would otherwise be caused by coal-fired generation. In practical terms, this is a crucial stabilizing factor, and the United Nations Intergovernmental Panel on Climate Change (IPCC) recently stated that to stabilize the present levels of carbon dioxide concentration in the atmosphere, a 50-80% reduction in greenhouse gas emissions is required.4

Basically, nuclear energy produces electricity by boiling water, thereby creating the steam which drives turbine generators. Nuclear is at its most efficient when applied at a large scale, for a continuous - or ‘base load’ - generation of electricity. The other main fuel for this base-load generation is coal, which produces around 24 million Joules of energy per kg - compared to the 500,000 million Joules of energy per kg produced by uranium. The former is clearly the least demanding option, in regards to supply and cost.5

This constant generation is crucial for the maintenance of any large power grid. Other environmentally-friendly options, such as wind, hydro and solar energy, are too dependant on weather conditions to be reliable for use on such a scale.6

Today, nuclear power accounts for about 16 per cent of the world’s electricity, with about 440 plants in operation. Currently, the most prevalent usage of nuclear energy is in the US, Japan, and France (approximately 80% of their electricity is from nuclear power, with contributions to power supply for many other countries in Europe). The number of operating plants is changing; with many countries affected by increasing demand for electricity, and the Kyoto Protocol’s emissions restrictions. Much of the planned construction is in Asia – Japan, India, and China specifically.7

WHAT IS URANIUM?

Uranium is a metal which occurs naturally in the Earth’s crust, small traces of which can be found virtually everywhere.8  It is so incredibly dense that one pound of uranium measures only 1.3 inches in diameter.9 The mineral and its byproducts are utilized in many ways, from smoke detectors to food preservation10, but it is best known as the key ingredient in the generation of nuclear power.

As a fuel, it is long-lasting and emissions-free; one tonne of natural uranium produces more than 40 million kilowatt hours of electricity.  This is equivalent to burning 16,000 tonnes of coal, or 80,000 barrels of oil.11

Uranium ore can be mined a few different ways, generally by underground or open-cut methods, depending on depth. From there it must be treated with acid to dissolve and extract the uranium. It may also be mined by in situ leaching (ISL), where it is dissolved from a porous underground orebody at its point of discovery and pumped to the surface.

After these processes, the final product is uranium oxide concentrate (U3O8). This is the form in which uranium is sold. It then undergoes additional treatment to be used as fuel.

Besides its use in power generation, uranium is also commonly known for its past role in military weaponry. But today, due to disarmament and increasing demand, much military uranium is becoming available for electricity production. Because bomb-grade uranium is highly-enriched, it is diluted with depleted uranium before being used as fuel.12

HOW IS IT DISPOSED OF?

Because all aspects of the nuclear fuel cycle produce radioactive waste, the costs of managing and disposing of uranium is internalized within the initial electricity costs.  In countries with nuclear power, radioactive waste comprises under 1% of total industrial toxic wastes.

The radioactivity of all nuclear waste decays with time, subject to its radioactivity level. Therefore, different methods of disposal are used depending on the level of risk to people and environment.

  •  Low-level Wastes (LLW) are generated from hospitals and industry, as well as the nuclear fuel cycle. They are tools, clothing, and anything else containing small amounts of mostly short-lived radioactivity. LLW does not require shielding during handling and is fit for shallow land burial. To reduce its volume, it is often compacted or incinerated before disposal. It is about 90% of the volume but only 1% of the radioactivity of all radioactive waste. 
  • Intermediate-level Wastes (ILW) contains higher amounts of radioactivity, and therefore requires shielding. It is typically resins and chemical sludges, as well as contaminated materials from reactor decommissioning. To aid in disposal, smaller items and non-solids are solidified in concrete or bitumen. ILW makes up some 7% of the volume and has 4% of the radioactivity of all radioactive waste. 
  • High-level Wastes (HLW) can be considered the “ash” from “burning” uranium. It contains the fission products and elements generated in the reactor core. It is highly radioactive and hot, so requires cooling and shielding. HLW is primarily either used fuel in the form of fuel rods, or reprocessing waste. HLW accounts for over 95% of the total radioactivity produced in the process of electricity generation, and a mere 3% of overall volume.

However, previously uneconomical waste becomes increasingly economical as uranium spot prices and global demand increases.13

ENVIRONMENTAL PROTECTION
 
Critics may assert that uranium mines inevitably pollute the environment and the effects of Chernobyl and Three Mile Island make the use of nuclear energy impractical. Uranium mining is highly regulated, must have environmental approvals prior to commencing, and must comply with all environmental, safety, and occupational health conditions applicable, with external audits. Increasingly, these are governed by international standards. The International Organization for Standardization (ISO), based in Geneva, has developed a number of world standards for quality management and for environmental management (ISO).

The nuclear industry has an excellent safety record, with some 12,000 reactor years of operation spanning five decades. The Chernobyl disaster was the result of faulty Soviet design and not applicable to western reactors, or any reactor that might be built today. There has been much confusion about the real consequences of the accident, including implications for health, the environment, nuclear safety, society, and the economies of countries affected by the accident.14

With respect to Three Mile Island, there were no deaths and no injuries or detectable health impacts from the accident beyond the initial stress-related effects. Applying the accident’s lessons resulted in important and continuing improvement in the performance of all nuclear power plants. 

Of all energy sources, nuclear energy has perhaps the lowest impact on the environment, especially in relation to kilowatts produced, because nuclear plants do not emit harmful gases, require a relatively small area, and effectively mitigate other impacts. In other words, nuclear energy is the most “eco-efficient” of all energy sources because it produces the most electricity in relation to its minimal environmental impact (NEI). There are no significant adverse effects to water, land, habitat, species, and air resources. Water discharged from a nuclear power plant contains no harmful pollutants and meets regulatory standards for temperature designed to protect aquatic life.15

WEAPONS DISPOSAL

Since March 1993, 250 metric tons (t) of uranium from weapons have been transformed into fuel for nuclear power plants (USEC). That’s the equivalent of 10,000 dismantled nuclear weapons. This is the result of the United States and the Russian Federation signing an agreement on the disposition and purchase of 500 t of highly enriched uranium from dismantled Russian nuclear weapons, the equivalent of 20,000
nuclear warheads.16

Sources and Links:
 
Greenspirit Strategies www.greenspiritstrategies.com/F6.cfm
A communications consulting firm which focusses on sustainability issues. Founded by one of the world’s foremost  uranium advocates – Dr. Patrick Moore – who also founded Greenpeace.
 
World Nuclear Associationwww.world-nuclear.org
A global organization which provides forums for the information and commercial exchange of uranium.
 
Canadian Nuclear Associationwww.cna.ca
A non-profit organization representing Canadian nuclear industry; specifically the development and growth of nuclear technologies for peaceful purposes.
 
Uranium Information Centerwww.uic.com.au
A venue for education on uranium, with emphasis on Australian production and use.
 
The Canadian Nuclear Societywww.cns-snc.ca
A non-profit corporation focused on the exchange of information on applied nuclear science and technology.
 
WISE Uranium Project www.wise-uranium.org
A part of the World Information Service on Energy which covers the health and environmental issues of nuclear fuel production.
 
The Ux Consulting Companywww.uxc.com
An affiliate of the Uranium Exchange Company. Produces special reports and publications related to the uranium industry’s many facets.
 
Society of Economic Geologists Newsletterwww.segweb.org
An international organization of individual members with interests in the field of economic geology. 
 
Footnotes
1 Swedish Geological Survey Report No. 56 “The Scandinavian Alum Shales”
2 United Nations Environment Programme
3 Energy Information Administration, Annual Energy Outlook 2006
4 World Nuclear Association 
5 Uranium Information Centre
6 World Nuclear Association 
7 Uranium Information Center
8 World Nuclear Association
9 Uranium Facts
10 Uranium Information Center
11 Uranium Facts
12 World Nuclear Association
13 Uranium Information Center
14 The Chernobyl Body Count Controversy
15 Excerpt from Society of Economic Geologists Newsletter # 67 October 2006
16 Ibid.

Continental Precious Minerals Inc. 360 Bay Street, Suite 500 Toronto, Ontario Canada M5H 2V6 416.805.3036