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| China-Japan-Koreas | |||
| Report: ChiComs eye Nork uranium | |||
| 2006-01-27 | |||
| From East-Asia-Intel, subscription. SEOUL -- China is demanding rights to develop North Korea’s abundant uranium resources in return for emergency economic assistance, a Japanese newspaper reported last week from Seoul. Yer running up quite a tab, Kimmie, and we need some of it paid back. But Yang Jang-Suk, director of North-East Asia team at the Korea Trade Promotion Corporation (KOTRA) said he could not confirm the report by Tokyo's Sankei Shimbun. "I don't know for sure, so I will say no more." Yang is in charge of South-North economic cooperation and has been negotiating mining rights for North Korean natural ore. “We did note a certain degree of reluctance on the part of our counterparts to make progress,” Yang said, “but I suspect it had more to do with the fact that they were conscious of the Chinese interest in exploring iron ore mines in the same area as we plan to invest.”
Hmmm...never thought of that angle... Former Unification Minister Chung Dong-Young told a press conference earlier this month that Pyongyang is demanding a light-water reactor generator to utilize its uranium reserves for energy development. "We demand a light-water reactor, or we will blow Seoul off the map, so what do ya say, southern comerade?" Others worry that if China and North Korea jointly develop those uranium mines, a nuclear-free Korean peninsula will become a fantasy. “And they will certainly not advertise the fact if they develop them together,” said an official at the Ministry of Foreign Affairs and Trade. A nuclear-free Korean peninsula is already a fantasy. /reality check
We will regroup and talk to our PLA associates about the next move. Pyongyang was reportedly angered that news of the plan had been leaked to Chinese media before Pyongyang had authorized the project. Welcome to the Wonderful World of Press Leaks, Kimmie. According to Korean Mining Corporation, North Korea has been opening its coal mines to Chinese business interests. Pyongyang granted a mining agreement in South Hamgyong Province to a Chinese company to explore and import 20,000 tons of anthracite stone from the mine. The mine has 20 million tons of reserves.
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| Posted by:Alaska Paul |
| #3 Nork *peasants* eat bark too. |
| Posted by: RD 2006-01-27 06:11 |
| #2 The Ryongdam coal mine, another coal mine in North Pyongan Province, which can produce 3 million tons of anthracite a year, went into a joint venture with the Chinese Wookwang business group early last year. North Korea exports $25 millionworth of anthracite to China every year, according to KOTRA. ANTHRACITE: Preminum Hard Coal 25,000,000 BTUs Per Ton Fuel Unit Cost $/Ton Unit Cost $/MMBTUs | $100.00______|________$4.00 $110.00______|________$4.40 $120.00______|________$4.80 $130.00______|________$5.20 $140.00______|________$5.60 $150.00______|________$6.00 $160.00______|________$6.40 $170.00______|________$6.80 The Ryongdam coal mine alone produces 3,000,000 million short tons of ANTHRACITE per year. 3,000,000 short tons x $100 per = $300,000,000.00 price range before discounts: plus shipping the Norks peasents may have to eat air and bark, but at least they have heat and extra cash. huuum |
| Posted by: RD 2006-01-27 06:08 |
| #1 Not to worry - the MSM > its only Uranium, not Plutonium, etc., ergo NorKor is not developing any nukes nor has the materials to build nukes, thus Dubya and Clintonian Fascist = De-Regulated/ Limited Communist USA has no need to invade innocent, Solyent Green-happy NorKor. |
| Posted by: JosephMendiola 2006-01-27 01:26 |