PARIS — A trio of French and Japanese companies will acquire the mainstay reactor-construction business of struggling French nuclear group Areva, while its nuclear fuel unit turns to Asia to stabilize shaky profits. Areva suffered net losses for six straight years through 2016, stemming mainly from delays on a power plant project in Finland. As …
Saskatchewan may be viewed as the most attractive place in the world for mineral exploration companies to spend their money, but you wouldn’t know it by just looking at the latest estimates on spending in the province. Spending on mineral exploration and deposit appraisal declined for the second year in a row, according to new …
The Second Unit (1000 MW) of the Kudankulam Nuclear Power Project (KKNPP) went into commercial operation on 31 March, 2017. With this, the installed nuclear power capacity has become 6780 MW. The Government of India has accorded administrative approval and financial sanction for taking up construction of 10 indigenous PHWRs of 700 MW in fleet mode and …
TOKYO (Reuters) – Kansai Electric Power Co said on Friday it will decommission two 38-year-old reactors at its Ohi nuclear plant as Japan’s electricity industry struggles to cope with new safety standards imposed after the 2011 Fukushima disaster. The widely expected announcement brings to 14 the number of reactors being scrapped since the meltdowns at …
MOSCOW (Sputnik) – Russia and Sudan have signed an agreement to construct a nuclear power plant in the North African country, Russia’s Rosatom said Friday. The agreement was signed by Rosatom’s subsidiary Rusatom Overseas and the Sudanese Ministry of Water Resources, Irrigation and Electricity. As part of the feasibility study of the NPP construction project, the site will be selected and …
Georgia’s Public Service Commission has voted unanimously to allow continued construction of two nuclear reactors at Georgia Power’s embattled Plant Vogtle, which is billions of dollars over budget and years behind schedule. Commission chair Stan Wise said the decision came down to the importance of fuel diversity and the long term benefits the projecct would …
Hydraulic tests of the VVER-1000/V-320 reactor have started and, once completed, permission will be sought from regulator Rostekhnadzor to bring the unit to the minimum controlled power level, Oleg Vysotsky, head of the reactor department of Rostov Nuclear Power Plant Phase 2, said in the company statement. Start-up of the unit and its connection the …
GoviEx Uranium Inc., further to its news release of Dec. 18, 2017, has closed its private placement financing. In aggregate, the company issued a total of 21,541,880 units at a price of 25 Canadian cents per unit for gross proceeds to the company of $5,385,470 (Canadian). The net proceeds from the private placement will be …
AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium” or the “Company”) has closed the first tranche of a non-brokered private placement for $558,750 through the issuance of 2,235,000 units (each, a “Unit”) at a price of $0.25 per Unit (the “First Tranche”). The final tranche of the non-brokered private placement is expected to close by 5 January 2018. …
The announcement made by uranium giant Cameco in November that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan and surprisingly deep three-year cuts by Kazakhstan’s state-owned Kazatomprom provide a “step change” for uranium prices says a new report on the sector from Cantor Fitzgerald equity research. On Monday, the world largest producer …