PREMIER CONVINCED URANIUM EXISTS ON NIUE DESPITE SCAM CLAIM
Date: 24 January 2007
Reports coming out of Australia today about two businessman misleading the public over uranium deposits on Niue have failed to sway premier Young Vivian.
Vivian believes there are deposits of minerals on the atoll.
Uranium stories have been around for years and most Niueans heard them prior to the Australian report which led to the most recent frenzy over it.
Young Vivian says he put faith in the Yamarna Goldfields Report which led to the company taking an 80 per cent stake in a project that was tipped to harvest huge amounts of the prized mineral.
The 2005 report created a sensation coming as it did as the uranium frenzy was gathering pace, with Yamarna doing fantastic business the day it was released.
Locals on the island were suddenly spurred into excitement, too, at the prospect of economic prosperity with Young Vivian suddenly ditching plans to lure Niueans home.
Vivian had been urging the 20,000 strong New Zealand-based community to return to live and help restore the island to its former glory.
The Australian Securities and Investments Commission now says the uranium claims were unfounded and is accusing the businessmen of insider trading and misuse of information.
Vivian says he's happy to hear of the investigation but admits he hasn't given up on the island yielding mineral deposits
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