While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, …
While we have previously laid out the bullish case for uranium stocks in general, and Cameco (CCJ) – which controls the world’s largest high-grade uranium reserves and low-cost operations and is one of the largest global providers of the uranium fuel – in particular (here, here, here and here), today this thesis got a swift boost …
OSAKA – The mayor of the town of Takahama in Fukui Prefecture granted permission Monday for the restart of the Nos. 1 and 2 reactors at Kansai Electric Power Co.’s Takahama Nuclear Power Plant, becoming the first local leader in the nation to approve use of nuclear reactors more than 40 years old. The Takahama No. …
TEHRAN- Hadi Beiginejad, a senior member of the Parliament’s Energy Committee, said on Sunday that Iran has started construction of phases 2 and 3 of the Bushehr nuclear power plant. “The second and third phases of the Bushehr power plant development have been signed with the Russians under 10-year and 8-year contracts,” Fars quoted Beiginejad …
The Bulgarian Council of Ministers, at a meeting on 20 January, approved plans presented by the Minister of Energy to construct a seventh unit at the Kozloduy nuclear power plant using Russian-supplied equipment purchased for the Belene project. The minister noted discussions have been held with Westinghouse of the USA to construct the unit. During …
India’s success in connecting its largest domestically-built nuclear reactor to the grid is a boost for plans to deploy the technology to help the world’s third-biggest polluter limit emissions, according to the official overseeing the plans. The 700-megawatt pressurized heavy water reactor of the Kakrapar Atomic Power Station, located in the western state of Gujarat, …
Unit 1 of the nuclear power plant under construction in Belarus reached 100% of its capacity on 12 January, Russia’s Rosatom said yesterday. The reactor, near Ostrovets in the Grodno region of Belarus, is of the AES-2006 design, which is the latest version of the VVER-1200 and the first of its kind built outside Russia. …
The State Nuclear Regulatory Inspectorate of Ukraine (SNRC) has approved a 10-year extension to the operating licence of unit 5 at the Zaporozhe nuclear power plant. The VVER-1000/V-320 reactor was commissioned in August 1989 and its original 30-year licence expired on 27 May 2020. The new licence extends the operation of unit 5 as well …
The first safety-related concrete has been poured for the nuclear island of unit 1 at the San’ao nuclear power plant in Zhejiang province, China General Nuclear (CGN) has announced. A total of six Chinese-designed Hualong One pressurised water reactors are planned for the site. In May 2015, the National Energy Administration approved the project to …
Construction work has started on the second CFR-600 sodium-cooled pool-type fast-neutron nuclear reactor in Xiapu County, in China’s Fujian province. Also known as the Xiapu fast reactor demonstration project, the CFR-600 is part of China’s plan to achieve a closed nuclear fuel cycle. Construction of unit 1 started in late 2017. The fuel will be …
