Kazatomprom signs agreement with Brazilian nuclear utility

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces today that it has signed a commercial agreement to supply natural uranium to the Brazilian state company, Indústrias Nucleares do Brasil (INB). Kazatomprom was successful in winning INB’s commercial competition to supply natural uranium hexafluoride for the needs of the Brazilian nuclear power industry (http://www.inb.gov.br/Acesso-a-Informacao/Licitacoes-e-contratos/Licitacoes). …

EDF Says Nuclear Reactors May Have Flawed Parts

Electricite de France SA, which dominates the nation’s power production, said some of its reactors may contain substandard components. The utility’s shares tumbled. EDF didn’t say if any of the country’s 58 reactors will have to be halted, but electricity prices surged in anticipation of shutdowns. The announcement is another blow to the nuclear industry …

Industry must address costs, says Vattenfall CEO

Nuclear must be part of a fossil-free future, but the industry first needs to address the cost of constructing new reactors, Magnus Hall, CEO of Swedish utility Vattenfall AB, told delegates attending World Nuclear Association Symposium 2019 in London. Hall – who is also chairman of Eurelectric, the association of European electricity generators – said …

Cameco may cut uranium output further as demand stalls – Reuters

Canadian miner Cameco (CCO.TO) said it will hold down output until uranium prices recover and it could cut production further, although nuclear reactor life extensions in France and newbuilds in China, the UAE and Britain bring some hope. Since the 2011 Fukushima nuclear disaster, Japan, Germany and other countries have closed dozens of reactors, which …

Kepco’s losses pile up amid debate over anti-nuclear power policy

To blame or not to blame the performance of South Korea’s power generator on the anti-nuclear power policy? This question has emerged yet again following news of Korea Electric Power Corp.’s quarterly loss last week. State-owned Kepco said its operating loss reached 298.6 billion won ($248 million) in the second quarter, following its worst-ever first-quarter …