Canada's top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply.Uranium prices have fallen more than 70% since the Fukushima disaster in 2011, remaining low since then as a result of global glut of...Read More
Canada's top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply.Uranium prices have fallen more than 70% since the Fukushima disaster in 2011, remaining low since then as a result of global glut of...Read More
VANCOUVER (miningweekly.com) – Canada's largest uranium producer Cameco has announced that board member Ian Bruce will succeed Neil McMillan as chairperson of the board immediately following the annual general meeting scheduled to be held on May 16.McMillan is retiring from the board after five years as chairperson, and 16 years as a Cameco director.AdvertisementA former president and CE...Read More
Exelon's nuclear fleet generated the most power on record in 2017, the company's CEO Christopher Crane said yesterday. The company will start to recognise revenue from Illinois' zero emission credit (ZEC) programme during the first quarter of this year after its Quad Cities and Clinton plants were winning bidders in the state's ZEC procurement.Quad Cities (Image: Nuclear Regulatory Commission/Exel...Read More
TORONTO, ONTARIO--(Marketwired - Feb. 7, 2018) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at January 31, 2018 was CAD$459.3 million or CAD$3.47 per share. As at January 31, 2018, UPC's uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts)Quantity Fair ValueInvestments in Uranium: Ura...Read More
Rio Tinto (ASX, LON, NYSE:RIO), the world's No.2 mining company, showed investors Wednesday how well it has ridden the wave of higher commodity prices by announcing a record dividend on the back of a big surge in annual profit and its cost cutting drive.Bumper results came on the back of a recovery in the price of key commodities for Rio Tinto, including iron ore, aluminum and copper.The company,...Read More
Two miners have died after a section of Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Kloof gold operation in South Africa collapsed on Wednesday, about a week after more that 1,000 workers were trapped underground at another of the company's mines in the country.Sibanye-Stillwater has suspended production at the affected area pending an investigation into the incident with the participation of the...Read More
World Nuclear Association Director General Agneta Rising said today that nuclear power can help Indonesia meet its economic, energy and environmental goals. Speaking at the opening of World Nuclear Spotlight Indonesia 2018, in Jakarta, Rising said she welcomed the Indonesian government's commitment to supporting innovative nuclear technology."I welcome the government's commitment to supporting inn...Read More
Russia has today brought unit 1 of the Leningrad Phase II nuclear power plant to the minimum controllable power level, state nuclear corporation Rosatom has announced. The reactor vessel for the unit, which is in Sosnovy Bor in western Russia, was installed on 30 November.Leningrad plant workers mark the milestone (Image: Rosatom)The existing Leningrad plant site has four operating RMBK-1000 units...Read More
The International Atomic Energy Agency (IAEA) and Indonesia signed a practical arrangement yesterday to promote nuclear science and technology, and to strengthen technical cooperation among developing countries. Amano and Nasir at the signing of the practical arrangement (Image: IAEA)The agreement - aimed at strengthening the existing cooperation between the IAEA and Indonesia - was signed in Ja...Read More
Shareholders of world's second largest miner Rio Tinto (ASX, LON:RIO) are being recruited to demand the company quit Australia's top mining lobby group.The Australasian Centre for Corporate Responsibility (ACCR) is looking to persuade about 100 investors to co-file a resolution at Rio Tinto's upcoming annual general meeting, in which it will ask the group to leave the Minerals Council of Austral...Read More
Framatome is the best partner for Lightbridge for developing, licensing and commercialising nuclear fuel assemblies based on its technology, the company's president and CEO Seth Grae told World Nuclear News. Speaking shortly after the companies announced their Enfission joint venture, he said they intend Enfission to become a major player in the international nuclear industry.The Enfission joint v...Read More
Mining and metal companies are rediscovering the downside of rallying prices: higher costs.A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts to bite, some companies are beginning to struggle to maintain margins...Read More
Small modular reactors (SMRs) could provide valuable energy resilience for US federal sites as a secure, reliable, and flexible source of primary and backup power, a new report funded by the US Department of Energy (DOE) has found.Small Modular Reactors: Adding resilience at federal facilities was co-authored by Seth Kirshenberg and Hilary Jackler of law firm Kutak Rock with Brian Oakley and Wil G...Read More
Exelon Generation announced today that it has decided to retire its Oyster Creek nuclear power plant in New Jersey this October. The company had agreed with the state to shut the single-reactor plant by the end of 2019.Oyster Creek (Image: Exelon)In January 2010, the New Jersey Department of Environmental Protection (NJDEP) revised rules on water use such that once-through cooling is no longer all...Read More
Peninsula Energy Ltd (ASX:PEN) has had its buy recommendation reiterated by New York based investment bank H.C. Wainwright & Co.The bank continues to forecast upside with a price target of $1.50 on the shares which are trading at $0.39.Its forecast is supported by Peninsula's long-term uranium contracts and its plan to transition operations at the Lance Projects in Wyoming to a lower pH soluti...Read More
Russian President Vladimir Putin is scheduled to participate in the grid connection today of the country's latest reactor - unit 4 of the Rostov nuclear power plant, which is near the city of Volgodonsk. The Kremlin announced Putin's working visit to Rostov would include a video conference broadcasting the milestone at the plant.Rosatom's director-general, Alexey Likhachov (centre), at the Rostov...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 31, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to announce an 88% increase in the Indicated Mineral Resources estimated for the Wheeler River project. Denison is also pleased to announce it has increased its interest in the Wheeler River project during 2017 from 60% to 63.3% in accordance with...Read More
To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More
U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law, according to federal officials.Starting at 6 a.m. on Feb. 2 - the moment Trump's proclamation reducing the size of the Bears Ears and Grand Staircase-Escalante Natio...Read More