Three Turkish companies who have partnered with Russia’s Rosatom for the construction of Turkey’s first nuclear power plant, Akkuyu Nuclear Power Plant (NPP), have pulled out of the project, company officials told Anadolu Agency on Feb. 6. Rosatom holds the majority share of the plant with 51 percent, while the remaining 49 percent stake was …
New Delhi:US nuclear major Westinghouse, overcoming troubles over bankruptcy and buoyed by takeover by a Canadian consortium, will hold talks this week with the Indian government. It hopes to finally implement an Indo-American agreement for setting up six nuclear reactors in Andhra Pradesh. Westinghouse will limit its role to supply of reactor technology, allowing construction …
On January 31, Japan’s ten major power companies announced their fiscal results for the first three quarters of fiscal 2017 (that is, from April to December 2017). Ordinary profits at seven of them declined year-on-year, the exceptions being the Hokuriku Electric Power Co., the Shikoku Electric Power Co., and the Okinawa Electric Power Co. The …
EXCLUSIVE TO SIGHTLINE U3O8 – With major uranium producers committing to supply cuts in response to record low U3O8 prices, the industry is poised for a strong price trend reversal. As producers take steps to drive U3O8 prices upward, examining the demand side of the U equation becomes critical. Many headlines would suggest that Uranium …
On January 30, Japan’s Shikoku Electric Power Co. released its consolidated accounts for the third quarter of FY2017 (April 2017 to March 2018). Partly due to increased quantities of electric power sold to other power utilities thanks to the resumption of operations at its Ikata-3 Nuclear Power Plant (PWR, 890MWe), the company’s operating revenues were …
Fission Uranium Corp. has commenced its 2018 winter field program at the Patterson Lake South property, with drill rigs in full operation. Program focus Growing the high-grade, near-surface, land-based R1515W zone: Eight holes (2,720 metres) will focus on further expansion of the recently discovered, high-grade, shallow and land-based R1515W zone: The land-based R1515W zone is …
Unit 2 of the Sanmen nuclear power plant in China’s Zhejiang province has successfully completed pre-operational testing, State Nuclear Power Technology Corporation announced yesterday. Sanmen 1 is expected to be the first Westinghouse AP1000 to begin operating later this year, with Sanmen 2 also set to start up in 2018. The hot tests – which …
Submitted by: Zoltan Ban Summary As one of the largest global uranium producers, Cameco is an ideal candidate to invest in, if one believes we are on the verge of a long-term uranium bull market. It is sitting on high quality reserves, which are equivalent in size to the tenth largest, if Cameco were a …
The last of 845 employees facing a 10-month layoff at two uranium operations in northern Saskatchewan will have worked their last shift by the weekend. Cameco announced the shutdown at its Key Lake mill and McArthur River mine in November. Only care and maintenance crew will remain. The company says it has finalized a plan …
Russia’s nuclear engineering and construction firm Rosatom in December brought the fourth unit at its Rostov nuclear power plant (NPP) near Volgodonsk in southern Russia to first criticality. Later that month, it completed fuel loading at the first unit of the second-phase Leningrad plant in northwest Russia. The units are the 36th and 37th reactors …