IAEA, Russia sign agreement on uranium transportation to Kazakhstan

International Atomic Energy Agency and the Russian Federation have signed Sept. 17 an implementing agreement on the transportation of low enriched uranium (LEU) and equipment necessary for the functioning of the IAEA’s LEU Bank in Kazakhstan, RIA Novosti reported. The agreement has been signed by Oleg Kozin, Deputy General Director for Logistics of Techsnabexport JSC, …

Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …

Cautious optimism for uranium outlook

Growth in world uranium inventories is slowing as the supply sector is responding to a gradual recovery in uranium demand, according to speakers at the World Nuclear Fuel Cycle (WNFC) conference held in Madrid on 18-19 April. Uranium resources remain plentiful, but the investment needed to bring resources into production depends heavily on the market, …

IAEA Releases Country Nuclear Power Profiles 2017

The IAEA has released its annual edition of the Country Nuclear Power Profiles (CNPP), documenting the status and development of nuclear power programmes worldwide as of the end of 2017. The publication summarizes organizational and industrial aspects of nuclear power programmes, including information about relevant legislative, regulatory and international framework, in 50 countries, including 30 that …

China remains guaranteed uranium market for Kazakhstan

Kazakhstan, the world’s leading uranium producer, and China, the prospective global leader in nuclear-based power generation, are looking to benefit from mutual energy cooperation in the foreseeable future. Air quality, especially in major industrial agglomerates, along with strong dependence on oil, and rapidly growing electricity consumption remain China’s formidable energy challenges. However, for the last …

Japan’s plutonium glut casts a shadow on renewed nuclear deal

TOKYO — The decision Jan. 16 to automatically extend a nuclear agreement with the U.S. came as a relief to a Japanese government worried about the prospect of renegotiating the basis for a cornerstone of its energy policy. But friction remains over a massive store of plutonium that highlights the problems with the nation’s ambitious …

Ukraine Cuts Dependence on Russian Nuclear Fuel, Moves Away From Coal

Westinghouse will extend nuclear fuel deliveries to seven of Ukraine’s fifteen nuclear power units to 2021–2025, in line with a contract signed between this firm and Ukraine’s state-owned nuclear power company Energoatom. Deliveries to Ukraine under the new deal are to begin immediately after the current contract expires in 2020. Moreover, fuel components for local …