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 …
Over 1,900 metric tonnes (MT) of uranium ore concentrate has been shipped into India from Kazakhstan and Canada during the first nine months of the current fiscal, which is nearly 80 per cent of the record 2,419 MT that was imported in the previous fiscal. While the supplies holding up is positive trend, coming alongside …
The last of 845 employees facing a 10-month layoff at two uranium operations in northern Saskatchewan will have worked their last shift by the weekend. Cameco announced the shutdown at its Key Lake mill and McArthur River mine in November. Only care and maintenance crew will remain. The company says it has finalized a plan …
A petition filed by two US uranium-producing companies that asks the Trump administration to require that 25% of US reactor operator uranium requirements be met with domestically sourced material will prompt many US nuclear fleet fuel buyers to re-examine their near- and long-term uranium sourcing strategies, an industry consultant said in a January 29 interview. …
BRUSSELS–(BUSINESS WIRE)–Westinghouse Electric Company today announced that it has signed a nuclear fuel contract extension with Ukraine’s State Enterprise National Nuclear Energy Generation Company (SE NNEGC) Energoatom. The contract includes nuclear fuel deliveries to seven of Ukraine’s 15 nuclear power reactors between 2021 and 2025, expanding and extending the existing contract for six reactors that was …
(Reuters) – Uranium producers’ deliberate cuts to production should finally begin to prop up prices next year as reserves of the rare metal dwindle and nuclear power generators rush to lock-in long-term contracts, according to sector veteran John Borshoff. Shares in uranium producers briefly rose late last year after the world’s biggest listed producer Cameco …
VANCOUVER (miningweekly.com) – “The disconnect between price and value is as stunning as I’ve ever seen,” founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. “If you’re on the fence on getting into uranium… Do you want it for free? The value proposition is so compelling …
The Indian Government is looking at both boosting the indigenous production of Uranium and its import to keep up the operation of nuclear reactors at their rated power. India, as per the vision laid down by the Department of Atomic Energy (DAE), intends to achieve a ten-fold increase in indigenous Uranium production by 2031-2032. The …
AKIPRESS.COM – President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of India Narendra Modi discussed the issue of supplying Uzbek uranium to India at the Shanghai Cooperation Organization summit in Astana, The Economic Times reports. India is holding talks on the purchase of uranium for its nuclear power plant, the report said. “Uzbekistan, the seventh biggest …
There’s nothing to be too concerned about at uranium miner Cameco Corp (NYSE: CCJ) right now. It’s still the best pure-play uranium miner around and remains a very conservatively run company. But you need to keep an eye on its contracts. They are helping the miner immensely today, but as the long uranium downturn drags on they inch …
