Kazakhstan plans to produce a total of 21,600 mt of uranium in 2018, a decrease of almost 20% compared with the previously forecast 27,000 mt, Riaz Rizvi, Kazatomprom’s chief commercial officer said in an interview. Rizvi said the company also planned to implement similar production cuts of around 20% in 2019 and 2020. Kazatomprom has …
Unit 1 of the Haiyang nuclear power plant in China’s Shandong province has completed 168 hours of full-power continuous operation. The unit is now deemed to be the second AP1000 reactor to enter commercial operation. Haiyang 1 completed the full-power demonstration test run at 10.12pm yesterday, State Power Investment Corporation has announced. The reactor, it …
Listing in London is an “obvious choice”, senior executives from Kazatomprom, the world’s largest uranium producer, have said. Galymzhan Pirmatov, chief executive of the company which produces a fifth of the world’s uranium, told City A.M. it is pursuing a mid-November double listing in London and Kazakh capital Astana. He added: “To us London was an obvious …
Australia’s energy crisis has deepened, with everyday families currently paying prices more expensive than just about anywhere in the world. Prime Minister Scott Morrison last week made it one of his government’s priorities to lower our bills. But to do so, he says he may have to take provocative action, including overturning the current ban …
Hitachi Ltd. and General Electric Co. (GE) of the United States are planning to jointly develop a new type of small nuclear reactor, The Yomiuri Shimbun has learned. They will be small modular reactors, a next-generation type being developed in the United States and other countries. The two companies aim to start commercial use of …
The initial public offering of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its equity in London and the …
China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel. “Li said the two countries could boost cooperation in technology and innovation and …
Russian President Vladimir Putin and the president of Uzbekistan have agreed that Russia will build the ex-Soviet republic’s first nuclear power plant. During Putin’s visit to the Uzbek capital of Tashkent on Friday, he and President Shavkat Mirziyoyev ordered the start of preliminary work at the future plant’s construction site. The plant in the Navoi …
There’s been growing talk around uranium and its potential for a comeback. Over the last month and a half, uranium spot prices have been balancing around a two-and-a-half-year high, rising by 30% from April according to the Financial Times report. Changes from some of uranium’s largest producers have been a major driver behind the price …
In the wake of a “terrifying” new report on climate change, environmentalists will rally in Munich, Germany this Sunday to — in a twist — demand a halt to nuclear plant closures, which they say are increasing air pollution and locking-in fossil fuels. Over the last year, environmentalists have faulted Germany for abandoning its 2020 climate goals, bulldozing an ancient …