Destination Kazakhstan

Construction of the IAEA’s long-awaited low-enriched uranium bank is finally complete, and the bank was officially opened during a ceremony in Kazakhstan. Future Power Technology visited the facility to find out about the fuel bank and why it is needed. On 29 August, the International Atomic Energy Agency (IAEA), the United Nations nuclear watchdog, officially …

Kazakh President opens IAEA Low Enriched Uranium Bank

ASTANA. KAZINFORM President Nursultan Nazarbayev has opened the building of the IAEA Low Enriched Uranium (LEU) Bank in Kazakhstan during a teleconference, Kazinform correspondent reports. The Head of State handed over a symbolic key to the LEU Bank building to the Director General of the International Atomic Energy Agency, Yukiya Amano. “It is a high …

Here’s How Warren Buffett Bankrolled A Uranium Bank In Kazakhstan

An international nuclear watchdog agency will open the first independent “bank” for nuclear reactor fuel on Aug. 29 in Kazakhstan, a bid to forestall developing nations from building their own nuclear capabilities. Uranium can both make electricity and make bombs, a key dilemma of the nuclear age. The International Atomic Energy Agency’s low-enriched uranium (LEU) bank is intended to …

Uranium bank will mitigate ‘growing risk’ of nuclear fuel being weaponised

Former US Senator Sam Nunn co-founded the Nuclear Threat Initiative, a non-profit aimed at preventing attacks from weapons of mass destruction. And he claims the imminent opening of the UN atomic watchdog’s Uranium bank in Kazakhstan next week will help increase global security from the risk of possible atomic warfare. The International Atomic Energy Agency …

MOX funding still mixed in Washington

As the federal budget process plods along, MOX continues to receive mixed signals from lawmakers. Also known as the Mixed Oxide Fuel Fabrication Facility, the MOX project continues to make progress, its exterior facade largely completed. Unofficial estimates place facility completion between 70 and 75 percent. Mixed Oxide is becoming a mixed bag, however, with …

IAEA fuel ‘bank’ on course

International Atomic Energy Agency (IAEA) director-general Yukiya Amano yesterday updated the agency’s board of governors on recent developments including the IAEA’s storage facility for low-enriched uranium (LEU) – known as the LEU Bank – which will be inaugurated on 29 August and should receive its first uranium in 2018. The facility, at the Ulba Metallaurgical …