Eskom cannot afford to expand its nuclear power capacity, Calib Cassim, acting CFO of the South African utility, said yesterday. Cassim was speaking to reporters during the release of Eskom's financial results for the six months to 30 September 2017.Eskom, which operates the sole nuclear power plant on the African continent, reported a 34% drop in interim profits to ZAR 6 billion ($504 million) du...Read More
The camp at Wheeler River. (Image: The Northern Miner)SASKATCHEWAN - Toronto-based Denison Mines Corp. says the indicated mineral resource at the Wheeler River project has grown 88% with the latest updated numbers for the Gryphon uranium deposit. Wheeler River is located on the eastern edge of the Athabasca Basin. It is a joint venture of Denison (66.3% owner and operator), Cameco and JCU (Canada)...Read More
Weekly Reports |Jan 30 2018A petition to the US government threatens to ensure uncertainty in the uranium market for some time.-US producers appeal to president's protectionist ilk-Uncertainty rules-Spot and term prices remain under pressureBy Greg PeelLast week's Uranium Week highlighted a petition filed with the US Department of Commerce by US uranium producers Ur-Energy and Energy Fuels. Th...Read More
Palisade Research January 30, 2018 Category: Research Anfield Energy (CVE:AEC, FRA:0ADN, OTCMKTS:ANLDD) - formerly known as Anfield Resources - is a near term Uranium producer with all of its assets located in the United States.And as we wrote about before, the company has not received the credit it deserves from investors. . .That is understandable because uranium has been in a brutal bear market...Read More
VANCOUVER, BC--(Marketwired - January 29, 2018) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce the 2018 drilling program on the Christie Lake Project (the "Project") is set to commence. Winter Program Underway The winter 2018 exploration program is underway, with the goal of expanding the uranium resources on the Yalowega Uranium Trend (the "Trend"). The $1.5 million...Read More
The nuclear power industry presents "particular challenges" in the context of Brexit, the House of Lords EU Energy and Environment Sub-Committee says in a report published today.In gathering evidence for the report - Brexit: energy security, looking at implications for energy supply, consumer costs and decarbonisation - the committee heard that the UK's ability to build future nuclear generation s...Read More
Uranium production from the Inkai joint venture in Kazakhstan is forecast to increase by more than 25% this year, according to a new NI 43-101 technical report filed by 40%-owner Cameco. The operation is forecast to reach maximum production of 10.4 million pounds U3O8 per year in 2020.Inkai operations (Image: Cameco)According to the new report - filed on 25 January but with an effective date of 1...Read More
The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time.Roll forward to 2018 and there's been a near-universal shift in sentiment as strong and synchronized global economic growth drives demand f...Read More
US industry groups have submitted a white paper setting out recommendations on how the US Nuclear Regulatory Commission (NRC) can streamline licensing of advanced reactors. Meanwhile, the US Nuclear Energy Institute (NEI) has hailed an NRC decision that a voluntary industry initiative can effectively address an electrical system vulnerability as a "win" for regulatory streamlining.The Byron plant,...Read More
SASKATOON, SASKATCHEWAN--(Marketwired - Jan. 25, 2018) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)Cameco (TSX:CCO) (NYSE:CCJ) announced today that it filed a technical report under Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects titled "Inkai Operation, South Kazakhstan Oblast, Republic of Kazakhstan." The technical report is dated J...Read More
Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) were up almost 4% in pre-market trading on Thursday after the company posted results that beat investors' expectations.The Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported positive fourth quarter and full-year results and delivered bullish proj...Read More
Bulgaria should accelerate new nuclear build to meet the growing need for reliable, low-carbon electricity, Agneta Rising, director general of the World Nuclear Association, told Energy Commission Members at the Bulgarian Parliament today.Bulgaria has a long-standing positive experience of nuclear energy, recognising the benefits it brings to people and the environment, the London-based Associatio...Read More
Palisade Research January 25, 2018 Category: Research Uranium was in the midst of a renaissance up until 2011.Then the Fukushima meltdown in Japan caused uranium prices to implode.And since then, uranium has been in a brutal bear market. . .This isn’t surprising as every nuclear meltdown in the past has been followed by an extended uranium ‘recession’.For uranium producers –...Read More
VANCOUVER, BC--(Marketwired - January 24, 2018) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce that Mr. Stephen Sorensen, a long-time UEX shareholder and the Company's founding and former President and CEO, has exercised warrants to become UEX's third largest shareholder. UEX also announces that a large institutional shareholder has also exercised warrants for UEX com...Read More
Rostechnadzor, the Russian regulator, has issued a permit required for start-up operations at unit 4 of the Rostov nuclear power plant, state nuclear corporation Rosatom said yesterday. The unit is currently undergoing tests and a gradual increase in generating capacity, Rosatom said, adding that, based on the test results, a decision would be taken on the date the unit will be connected to the gr...Read More
Russia and Argentina have signed a memorandum of understanding (MoU) on uranium exploration and mining in the South American country. Russian state nuclear corporation Rosatom is also proposing to supply Argentina with a nuclear power plant.The signing of the memorandum (Image: Argentine Ministry of Foreign Affairs)The MoU was signed in Moscow yesterday during the first official visit by Argentine...Read More
By Geert De ClercqPARIS, Jan 23 (Reuters) - French uranium mining and nuclear fuel group Areva rebranded itself as Orano on Tuesday, closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows and the nuclear industry in the doldrums.Chief Executive Philippe Knoche said a new name and logo were necessary to start another chapter in the hi...Read More
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors.The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country's sector, according to Arg...Read More
New Areva announced today it has been renamed Orano. New Areva comprises Areva's nuclear fuel cycle activities that remained after the spin-off and subsequent sale of its reactor business. New NP - Areva's former reactor business - was renamed Framatome earlier this month. Orano is focused on nuclear materials development and waste management and its activities encompass uranium mining, conversio...Read More
Sweden's Radiation Safety Authority (SSM) today submitted a positive opinion to the government on Svensk K??rnbr??nslehantering AB's (SKB's) application to build a repository for used nuclear fuel, together with a plant to encapsulate the fuel prior to disposal. However, the Land and Environment Court in Stockholm has called for further documentation on the copper capsules in which the fuel will b...Read More