Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the ore body revealed weaker than expected results. While the mine yielded more than 50,000 tonnes copper in the three months to Sept. 30, which was …
A proposed amendment to Spain’s draft climate change and energy transition bill that would prohibit the exploration and extraction of uranium is unconstitutional, says Berkeley Energia. The Australian-based company is at an advanced stage in licensing its Salamanca uranium mine. The draft bill was originally presented to the Spanish Parliament in May 2020. A series …
The U.S. nuclear energy sector may be struggling to hold its own in the generation mix, but those plants are once again proving to be the most productive in the nation. A recent federal Energy Information Administration report showed that nine of the 10 highest-generating power plants in the U.S. last year were nuclear. The …
Nuclear power must have a seat at the table in global discussions over energy policies to curb emissions and meet climate goals, as technical and scientific advances open the door to better economics and greater public acceptance of this low carbon source of energy. These are some of the conclusions of this year’s IAEA Scientific …
The nuclear industry should work with policymakers on the design of market mechanisms that can produce a clear price signal to attract investors to this low-carbon form of electricity, Jostein Kristensen, partner with economics consultancy firm Oxera, told participants in World Nuclear Association’s Strategic eForum last week. Markets currently do not reflect the value of …
As the single-largest carbon-free source of electricity, nuclear power often plays a big part in plans to decarbonize energy. Many policymakers insist that nuclear must be part of any solution to avoid the worst consequences of climate change over the coming decades. But as the debate over preserving existing nuclear plants and supporting advanced nuclear …
Summary After recent supply cuts, Uranium was in a supply deficit coming into 2020. COVID-19 further reduced supply, for both 2020 and 2021, with the two largest producers now buying in the spot market. Uranium prices have to significantly increase to encourage new supply. After a decade long bear market, the time to invest in …
VIETNAM has been urged to reconsider its nuclear power programme as it struggles to meet demand for electricity in the nation. The recommendations for nuclear energy come as the government gathers public input for its 2021-2030 National Energy Master Plan. Vietnam Mining Technology Association chairman Tran Xuan Hoa said Vietnam’s energy imports has continued to …
Summary Cameco’s profitability relies on uranium pricing moving up from current cycle lows. COVID-19 has interrupted Cameco’s production and has added more uncertainty to global supply. Demand for nuclear energy and reactor construction has slowed in western nations in the wake of the Fukushima disaster. The bull case for uranium demand growth hinges on a …
IN JUNE, EDF ENERGY ANNOUNCED it had completed the 49,000-metric-tonne concrete basemat for the second EPR reactor at Hinkley Point C in Somerset. The milestone was achieved “on schedule”, despite the coronavirus pandemic and a reduction of “more than half” in the number of workers on site since March. Completion came less than a year …