Could Cameco suspension kick-start the uranium sector?

Cameco Corp. [CCO-TSX; CCJ-NYSE] is temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan. It said the move is a safety precaution that stems from the threat posed by the Coronavirus [COVID-19] pandemic. Cameco is one of the world’s leading uranium producers. Cigar Lake is the globe’s largest operating uranium mine and …

Construction advanced in order of Changjiang nuclear projects

Construction of the second phase of the Changjiang nuclear power plant and of a small reactor demonstration project resumed on Feb 22 and Feb 28 respectively, following on-site inspection and assessment by local government, according to reports from the China National Nuclear Corporation, or CNNC. Located in Changjiang county in South China’s Hainan province, the nuclear power plant is jointly being built …

Kazatomprom may draw down uranium inventory if coronavirus cuts output

Kazatomprom, the world’s largest uranium producer, said Monday it could rely on inventories to meet future physical deliveries in the event U3O8 production is reduced or suspended at operations in Kazakhstan due to the coronavirus outbreak. “In the event that mine production or the ability to physically deliver material is impacted, Kazatomprom’s production decisions and …

Orano sees 10 more years for Niger uranium project

France intends to ensure the continuity of uranium production in northern Niger, Nicolas Maes, head of Orano’s mining business unit, said following an 11 March audience with Nigerien Prime Minister Birgi Rafini. This will mean ensuring that Orano subsidiary Somaïr can continue operating for as long as possible, or at least until the Imouraren project …

Pentagon awards contracts to design mobile nuclear reactor

The Pentagon on Monday issued three contracts to start design work on mobile, small nuclear reactors, as part of a two-step plan towards achieving nuclear power for American forces at home and abroad. The department awarded contracts to BWX Technologies, Inc. of Virginia, for $13.5 million; Westinghouse Government Services of Washington, D.C. for $11.9 million; …

Iran’s uranium stockpile rises further, say media

Iran has tripled its stockpile of enriched uranium to 1,020.9 kg over the past three months and failed to provide International Atomic Energy Agency inspectors access to two undeclared sites, various news agencies reported yesterday. Citing confidential documents issued by the IAEA to its member states, they reported that Tehran had refused the IAEA access …

Russia lends Egypt $25 billion for Dabaa nuclear power plant

Atomstroyexport, a subsidiary of Russia’s State Atomic Energy Corporation, or Rosatom, announced Feb. 17 that three Egyptian companies were awarded a tender offer for constructing the first phase of Egypt’s Dabaa nuclear power plant. The three Egyptian companies, competing among 10 others, are Petrojet, Hassan Allam and the Arab Contractors. The Egyptian government intends to start negotiations …

Belarus inspects Ostrovets plant ahead of fuel loading : Regulation & Safety

The Nuclear and Radiation Safety Department of the Belarusian Emergencies Ministry (Gosatomnadzor) has begun a 30-day inspection of the nuclear power plant under construction in Belarus to assess its readiness to take delivery of fuel. The regulator will also check operator BelNPP’s managerial and technical alignment with legislative standards, including those concerning nuclear and radiation …