Uranium, a nuclear metal, has seen a downside as well as an upside time to time, on account of changing trend in energy production methods and supply and demand dynamics in the last three years. The prices started its downturn in 2015 with Uranium Futures (UXX) dropped significantly from the level of $40.15 (Day’s high …
The Department of the Interior’s Bureau of Land Management approved the expansion of the Lost Creek uranium in-situ recovery project, an existing uranium mine operated by Lost Creek ISR in Sweetwater County. The record of decision, signed by Interior’s Assistant Secretary for Lands and Minerals Joseph Balash, will strengthen energy security, expand infrastructure and bolster …
Although Korea has exported nuclear power plants to the United Arab Emirates (UAE), it can exclusively supply nuclear fuel to the plants only for three fuel cycles, which add up to less than five years. After that, Korea has to compete with other countries such as the United States to supply nuclear fuel to the …
“For decades, the FSB agents, the Russian lobby at the highest levels have slowed down the process of diversification. Moreover, the regime of Yanukovych practically buried that process by stopping it. Only after demonstration of political will over the past five years, thanks to cooperation with the Westinghouse company, Ukraine has become the first country …
Chinese officials say the nation’s humming economy means that no fewer than eight, million-kilowatt class nuclear reactors must enter service each year to help keep the nation’s electricity supply in pace with demand, while not adding more pollutants to the already fragile environment. China Nuclear Power Engineering Co., Ltd. General Manager Liu Wei told reporters …
King Abdullah City for Atomic and Renewable Energy (KACARE) has launched a program to develop national cadres under the umbrella of the Uranium Mining Project in central Jordan. The program, which will last for a year, will be conducted in cooperation with the Jordanian Atomic Energy Commission and Jordanian Uranium Mining Co. The first batch …
The world’s largest producer of Uranium has gone on to say that its sales have jumped by 65 percent. The Kazakhstan-based Kazatomprom is the world’s largest producer of natural uranium, having almost total access to one of the world’s largest uranium resource bases while producing other rare earth metals as a secondary source of revenue. …
EXCLUSIVE TO SIGHTLINE U3O8: In January 2017, while announcing planned production cuts, the Chairman of the Management Board of Kazatomprom (Kazakhstan’s national uranium arm) explained that the glut of uranium supply would be the reality of the market for the near term. He then went on to state, “It will be better for our shareholders and …
MINING operations at Swakop Uranium’s Husab mine in Erongo were stopped on Tuesday after workers aired concerns over their safety in light of claims that unchecked explosives and detonators were discovered on the site. Sources on the mine told The Namibian that about 500 workers in the mining department stopped working yesterday already and will not return …
Uranium production in Namibia is forecast to rise by 50 percent year-on-year in 2019, more than double the rate of expansion from last year’s 20 percent level, a research firm said. Fitch Solutions Macro Research in the Africa Monitor report for southern Africa released Wednesday, said depressed uranium prices due to overcapacity led to a …