The UK would have enough energy if the Hinkley Point C (HPC) project faced further delays, but nuclear power remains an essential part of the country's electricity mix, Business Secretary Greg Clark has told a House of Lords committee. The government does not, however, have a specific target for nuclear energy use in the future, he said.EDF Energy announced today the completion of the nuclear isl...Read More
Russian regulator Rostechnadzor has issued a licence for the final stage of the start-up procedure - pilot operation - at unit 4 of the Rostov nuclear power plant, which is near the city of Volgodonsk.Rostov 4, near the city of Volgodonsk (Image: Rosatom)Announcing the final regulatory approval today, state nuclear corporation Rosatom said the unit will contribute RUB 1 billion ($18 million) a yea...Read More
The US Department of Energy's National Nuclear Security Administration (NNSA) has extended its supply of low-enriched uranium (LEU) for national security needs for at least the next two decades but should clarify its longer term enrichment needs, the US Government Accountability Office (GAO) has found. ACR 100 centrifuges at the American Centrifuge demonstration plant (Image: Centrus)The NNSA is...Read More
WASHINGTON/TORONTO, Feb 16 (Reuters) - The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday.Aluminum and potash are also on the draft list of 35 critical materials used in basic manufacturing, batteries and electronics. It was the department's first step...Read More
The largest challenge facing the mining industry globally is the disconnect between investors’ timeframes and the timeframe to discover and develop mining projects, says exploration and development company NexGen Energy, the winner of nonprofit organisation the Prospectors & Developers Association of Canada’s (PDAC’s) Bill Dennis Award. “Long-term capital management is...Read More
Paladin Energy Ltd (ASX:PDN), the world's 8th largest uranium company, is back trading on the ASX today.The company regains its crown as the largest pure-play uranium producer trading on the ASX. Its reinstatement to official quotation follows the successful completion of a recapitalisation.READ: Paladin Energy to recommence trading on the ASX tomorrowPaladin currently sells uranium concentra...Read More
Rosatom and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo have signed a Memorandum of Understanding (MoU) on cooperation in the peaceful uses of nuclear energy.Spassky and Maduka at the signing ceremony in Moscow (Image: Rosatom)The document was signed yesterday in Moscow by the Russian state nuclear corporation's deputy director general for internation...Read More
Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More
Argentina's national government is pressing ahead with its intentions to make of mining one of the pillars of job creation, and it's holding talks with the leaders of the three provinces that declined to sign a 2017 mining act, which harmonizes taxes and regulations in hopes of attracting investment.Mining secretary, Daniel Meil??n, told local paper El Diario that the government wants the leaders...Read More
Mining giant BHP (ASX, NYSE:BHP) (LON:BLT) is taking a $1.8 billion hit from the major US tax reform package supported by President Donald Trump and passed by the Senate in DecemberThe Anglo-Australian miner said the charge, which will be treated as an exceptional item, consists mainly of a non-cash charge on deferred taxes of $898 million and another charge on foreign tax credits of $834 million...Read More
Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining's. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash.With the acquisition, the world's second largest miner is materializing plans of grabbing those three assets, which are located close to Cameco's McArthur River mine - the world's largest producing uraniu...Read More
A Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) worker died on Monday night while clearing a blocked ore pass at the company's Driefontein gold operation in South Africa, less than a week after a fall of rocks at its Kloof mine killed two people.The precious metals miner said investigations into the latest incident by management together with the department of mineral resources (DMR) and other releva...Read More
A new peer review service has been launched by the International Atomic Energy Agency (IAEA) to assist member states in the development of infrastructure for nuclear research reactors. The first Integrated Nuclear Infrastructure Review for Research Reactors (INIR-RR) mission was carried out last week in Nigeria.According to the IAEA, operation of a research reactor requires a national infrastructu...Read More
The US Nuclear Regulatory Commission's (NRC) proposed budget for fiscal 2019 includes nearly $50 million for work related to the proposed Yucca Mountain repository. President Donald Trump's FY2019 budget request for the Department of Energy (DOE) includes $120 million for Yucca Mountain and an interim storage programme for used nuclear fuel.The $971 million budget the NRC put to Congress focuses o...Read More
Weekly Reports |Feb 13 2018As the spot uranium price fell again last week, Morgan Stanley questioned the role of nuclear power in the future global energy mix.-Nuclear power being decommissioned globally-Carbon reduction targets still require a nuclear contribution-Uranium spot price falls as markets suffer a risk-off episodeBy Greg PeelAs the world's legacy nuclear plants age and the economics of...Read More
Russia's Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.In an interview with Russia's news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed "certain practical aspects of the p...Read More
The USA has extended production tax credits for advanced nuclear power plants under a budget bill signed into law by President Donald Trump. The nuclear production tax credit is seen as an essential component for the completion of US plants already under construction and for first-of-a-kind small modular reactor (SMR) construction.Workers at Vogtle are briefed before the installation of unit 3's p...Read More
A feasibility study on constructing China's first nuclear plant for district heating is being carried out by China General Nuclear (CGN) and Tsinghua University. The plant would use the domestically-developed NHR200-II low-temperature heating reactor technology.An artist's impression of a plant based on the NHR200-II reactor (Image: CGN)China's National Energy Administration (NEA) recently organis...Read More
Richard Harrington, parliamentary under-secretary of state at the UK's Department for Business, Energy and Industrial Strategy (BEIS), has given notice of the department's intention to seek an advance from the Contingencies Fund to provide financial cover to the Office for Nuclear Regulation (ONR).BEIS published draft nuclear safeguards regulations on 19 January, setting out the nuclear safeguards...Read More
A uranium deposit in Western Australia under development by Cameco (TSX:CCO, NYSE:CCJ) will not be held up by conservationists who oppose it.Last week the Conservation Council of WA lost an appeal against the Yeelirrie project's approval by the WA Supreme Court. In his judgment, Chief Justice Wayne Martin dismissed the CCWA's contention that environmental approval by the former WA Environment Min...Read More