‘This is the only way’: Deputy Premier’s answer to the energy debate

The New South Wales deputy premier has renewed calls for nuclear energy, saying it’s “the only way” forward. A new report by the Minerals Council of Australia is calling for legislated discrimination of uranium to be repealed. Alan Jones says this is the biggest issue facing Australians right now. “There is no denying the urgency …

Nigeria engages Rosatom on nuclear development

The nation’s government intends partnering with Rosatom to add nuclear energy to Nigeria’s energy mix in bids to address the country’s power challenges. Speaking to a local publication, The Nation, Rosatom’s central and southern Africa CEO, Dmitry Shornikov, revealed that Nigeria is making steady progress on the matter. “This is evident by the agreement which …

Alarm bell on decline of nuclear power way too late

Recently, the International Energy Agency (IEA) warned that neglect of the world’s nuclear electric generating plants would lead to a precipitous decline in climate-friendly nuclear energy production around the world. The agency, a consortium of 30 countries which monitors energy developments worldwide, said 25 percent of nuclear capacity could be lost by 2025 and two-thirds by 2040. …

Russia and China signed the contract for Russian-designed NPP construction on the new site

A general contract for Russian-designed power units No. 3 and No. 4 construction with VVER-1200 reactors at Xudapu nuclear power plant was signed on June 5 in Moscow in presence of heads of Russia and China. The official signing ceremony took place during President of China Xi Jinping state visit to Russia. The documents were …

Yellow Cake PLC offers “cleanest way to play uranium market” as it amasses a big pile of the radioactive metal

The firm’s boss remains “very confident in the long term fundamentals of the uranium market” given a combination of constrained supply, the run-off of long term contracts and growing demand outlook Physical uranium trader tagged with nickname of the radioactive metal Owns around 9.62mln pounds of uranium Raised US$200mln (£151mln) from June 2019 IPO, plus …

The argument for nuclear power in Australia

It is time for Australia to “seriously discuss” the benefits of developing a nuclear power industry, according to the Australasian Institute of Mining and Metallurgy (AusIMM). AusIMM president Janine Herzig, speaking at the International Uranium Conference in Adelaide, said the time had come for Australians to discuss the opportunities afforded by the nation’s nuclear potential. …