V.GXU: completes acquisition of African Energy’s Zambian uranium assets

GoviEx Uranium Inc. has completed its previously announced transaction to acquire the uranium mineral interests of African Energy Resources Ltd. in Zambia. See GoviEx’s news release dated March 6, 2017. Govind Friedland, Executive Chairman of GoviEx, commented, “The combination of African Energy’s Chirundu and Kiraba Valley tenements with GoviEx’s Mutanga Project finally unites these neighbouring …

In Africa, the bell tolls for uranium mining – activists

Johannesburg – A bleak market outlook most likely forced Karoo Uranium mining hopefuls Peninsula Energy Ltd to withdraw from South Africa. According to Dr Stefan Cramer, SA Faith Communities’ Environment Institute (Safcei) Science Advisor, the same poor outlook will also keep potential buyers from mining the Karoo for uranium. Peninsula announced last week Wednesday that …

Nuclear Power in the 21st Century

Producer: Jeffrey Donovan, Camera and Editing: Martin Klingenboeck Energy is the engine of economic development and prosperity. Growing populations and expanding industries need more and more of it. But can energy power modern economies, without heating the planet or polluting our air? Nuclear power is one option. It currently produces about 11 percent of the …

T.CCO: Reports Third Quarter Results

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2017 in accordance with International Financial Reporting Standards (IFRS). “Our third quarter results were anticipated and in line with the outlook we provided in the second quarter,” said president and CEO, Tim Gitzel. “And, they reflect …

How China has Become the World’s Fastest Expanding Nuclear Power Producer

Some countries are introducing nuclear power for the first time; others are expanding their fleet. This will be one of the topics on the agenda of the International Ministerial Conference on Nuclear Power in the 21st century. This article sheds light on China as the fastest expanding nuclear power producer in the world. It has 38 …

South Korea to cut number of nuclear reactors from 24 to 14 by 2038

The South Korean government has decided to gradually reduce the number of nuclear reactors to 14 by 2038. It will cancel plans to build a further six new nuclear reactors, will not allow lifespan extension for 14 aged reactors, and will close Wolsong-1 earlier than scheduled. Paik Un-gyu, Minister of Trade, Industry and Energy, announced …

Nuclear power plant construction at Bangladesh’s Rooppur delayed again

The main construction work of the Rooppur nuclear power plant on the banks of the river Padma has been delayed for the third time. It had been rescheduled to begin this month. Project director of Rooppur nuclear power plant Shawkat Akbar informed to reporters of the matter after a meeting at the Rooppur nuclear power plant construction …

Designs for ‘mini’ nuclear power plants proposed by Rolls-Royce led group set to be given go-ahead

An important report assessing the viability of new “mini” nuclear power plants for the UK to be published this week is expected to give the green light to develop designs proposed by a British consortium led by Rolls-Royce. The Department for Business, Energy and Industrial Strategy (BEIS) is set to issue a study which formally …

South Korea’s president says will continue phasing out planned new plants

SEOUL (Reuters) – South Korea’s President Moon Jae-in said on Sunday the government will continue to phase out nuclear-generated electricity, following a public opinion survey that dealt a blow to his plans to do so. “We will completely stop all plans for the construction of new nuclear reactors like the government previously stated,” Moon said …