Work on Tianwan units 7 and 8 and Xudabao units 3 and 4 was launched today at a ceremony attended via video-link by Chinese President Xi Jinping and Russian President Vladimir Putin. The four VVER-1200 reactors are part of a series of strategic agreements Russia and China signed in 2018. According to a Kremlin statement, …
Summary CCJ is one of the larger players in the uranium mining space. Global demand for uranium is increasing. There’s likely to be insufficient supply for future demand based on current construction plans for reactors in Asia and the Middle East. “Uranium miners like Cameco (NYSE:CCJ) are well-positioned as bullish investments over the next 3-5 …
Summary UPC’s shareholders are set to become unitholders of the newly created trust, provided this transaction is approved in the next few months. There are very few things to dislike about the transaction for both Sprott’s and UPC’s shareholders. Sprott has a great track record of managing and growing physical trusts, which bodes well for …
French company EDF has submitted to Nuclear Power Corporation of India Ltd (NPCIL) its binding techno-commercial offer to build six EPRs at Jaitapur in Maharashtra. The offer is the culmination of work that began with the 2018 signature of an agreement between the two companies and paves the way for discussions towards a binding framework …
Orano is confident about its uranium mining future and will continue to invest in its projects while remaining committed to being a responsible mining company at all stages of operation, Orano Mining CEO Nicolas Maes told delegates at the World Nuclear Fuel Cycle forum today. The health and safety of employees and communities has remained …
The Czech Industry Ministry has decided to invite four bidders including Russia to pre-qualify for a tender to build a new nuclear power plant, but a final decision on who will be allowed to bid will be made after an October election, it said on Thursday. The plan to build a new 1,200 megawatt (MW) …
Russia will help Armenia extend the life of its nuclear power plant in Metsamor for another 10 years, according to the director of the station. Addressing a conference in Yerevan on the development of nuclear energy in Armenia on March 18, Movses Vardanian said that a working group is being set up jointly with the …
It serves as a critical support link powering the fuel needs of the country’s nuclear power programme Nuclear Fuel Complex is in the process of expediting the implementation of the Rs 4,200 crore second facility coming up at Kota in Rajasthan. The Hyderabad-based strategic PSU serves as a critical support link powering the fuel needs …
Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase …
Poland’s central bank will help the state to obtain 51 percent of the funds necessary to build the country’s first NPP, the bank’s governor has told the “Sieci” weekly. Adam Glapinski, governor of the National Bank of Poland, told the weekly on Monday: “At the start, let the Americans build six nuclear power plants here… …