Kazakhstan loosens grip on world’s top uranium miner – MINING.COM

Kazakhstan’s sovereign wealth fund, Samruk Kazyna, said on Wednesday it had sold a 6.27% stake in Kazatomprom, the world’s top state-owned uranium miner, for $206 million in a move that sought to take advantage of improved market sentiment. The fund, created in 2008, said it sold the shares at $13 per global depositary receipt, a discount of …

China to dominate nuclear power as Beijing bets on homegrown reactors

China probably won’t hit its nuclear energy target this year, but that’s unlikely to derail a broader ambition to become the planet’s chief proponent of the climate-friendly fuel by the end of the decade. In an energy mix that’ll still heavily feature coal and other fossil fuels, government researchers have said that nuclear capacity could …

Russia looks to 2030

THE RUSSIAN FEDERATION’S ENERGY STRATEGY document sets out energy policy up to 2020. Its main provisions were approved by the government in 2000 and confirmed in 2003. The strategy outlines several priorities: an increase in energy efficiency; reduction of environmental impacts; more sustainable development, energy development and technological development; as well as improved effectiveness and …

The folly of removing US caps on Russian nuclear fuel imports

The Trump administration’s recent Nuclear Fuel Working Group report provides a sobering view of the national security threat posed by Russia’s aggressive global strategy to dominate the nuclear power and fuel industry to extend its geopolitical influence. The report warns of Russia’s efforts to increase its market share of the U.S. nuclear fuel industry and …

Senators Call on Commerce Department to Reduce Russian Uranium Imports

Today, U.S. Senator John Barrasso (R-WY), chairman of the Senate Committee on Environment and Public Works (EPW), and Sens. Martin Heinrich (D-NM), Lisa Murkowski (R-AK), Joe Manchin (D-WV), Mike Braun (R-IN), Tom Udall (D-NM), Kevin Cramer (R-ND), Mike Enzi (R-WY), Tom Cotton (R-AR), and Lindsey Graham (R-SC) sent a letter to Department of Commerce Assistant …

El-Debaa nuclear power plant in Egypt

El-Debaa nuclear power plant in Egypt will receive a reliable supply of fuel once it is built following the announcement that Russia will supply nuclear fuel components including uranium and aluminium items to Egypt for a period of 10 years, following an agreement signed between the Egyptian Atomic Energy Authority and Novosibirsk Chemical Concentrates Plant …