PRAGUE (Reuters) – The Czech government should decide early next year how to build and fund new nuclear reactors to replace coal-fired and nuclear units that will shut down over the next two decades, the country’s special envoy for nuclear energy said. Options include utility CEZ, which is 70 percent state owned, making the investment …
The second AP1000 unit under construction at the Sanmen site in China’s Zhejiang province has completed cold hydrostatic testing of its primary circuit. The tests are an important step in the commissioning of new units. Cold hydrostatic testing involves filling the reactor’s primary circuit with water, which is circulated at high pressure by the reactor …
KRYNICA ZDROJ, Poland, Sept 6 (Reuters) – Coal-dependent Poland aims to build its first nuclear power plant by 2029 to reduce carbon emissions, its energy minister said on Wednesday, a little later than envisaged last year. Warsaw announced the project in 2009, but hit numerous delays due to falling power prices and Japan’s 2011 Fukushima …
TORONTO, ONTARIO–(Marketwired – Sept. 6, 2017) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at August 31, 2017 was CAD$388.8 million or CAD$3.22 per share. As at August 31, 2017, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: …
Perth – Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade low price of $20/lb,” Munro said on Thursday. “While all commodity markets are cyclical, and it …
Egypt has signed a deal to use Russian investment to develop the country’s first nuclear power plant at Dabaa, on the Mediterranean coast. The Associated Press reports that the agreement was signed on Monday after two years of negotiations. The reports came after Egypt’s President Abdel-Fattah Al-Sisi met with Russian President Vladimir Putin in China, where they were …
Key highlights: Ore Reserves now at 42.3Mlbs U3O8 from 22.7Mt at 845ppm U3O8 Maiden Proved Ore Reserve of 12.3Mlbs from 5.3Mt at 1,055ppm U3O8 Ore Reserve metal increases 36% from last update in November 2016 Vimy expects material improvements in project economics Vimy Resources Limited (ASX:VMY) (Vimy) is pleased to announce a major Ore Reserve …
Uranium ore samples collected by ASX-listed Marenica Energy from the Langer Heinrich uranium mine in Namibia have been received in Perth for immediate test work. Namibia – The aim of the test work is to confirm the substantial benefits expected from implementation of Marenica’s proprietary U-pgrade process on the ore. In June, Marenica Energy and Paladin Energy agreed to conduct …
With a grim forecast for their industry, many speakers at a recent global uranium symposium exhibited a kind of gallows humor. Take the introductory lines of the conference chair, Paul Goranson, an executive vice president at Energy Fuels, who joked that he was drafted into his unenviable position after he happened to miss a meeting. …
Still unclear if and when Kashiwazaki-Kariwa facility will restart TOKYO — Japan’s Nuclear Regulation Authority appears set to certify the safety of two units at Tokyo Electric Power Co. Holdings key nuclear power plant in Niigata Prefecture on the Sea of Japan coast. Passing the safety review is a prerequisite for Tepco to restart the Kashiwazaki-Kariwa plant, which …