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 …
Kazakhstan’s JSC National Atomic Company Kazatomprom plans to return staffing levels at its uranium mines to normal by around the end of this month. The number of employees at the mine sites was reduced between April and July in response to the COVID-19 pandemic. In a trading update yesterday, the company said: “Thanks in part …
The Kingdom of Saudi Arabia, with help from China, has built a facility for the extraction of uranium yellowcake, a potential precursor to fuel for a nuclear reactor, in a remote desert location near the small city of Al Ula, the Wall Street Journal newspaper reported citing Western officials with knowledge of the site. The facility, …
Kazakhstan-based Kazatomprom is mobilising employees and expects to have its sites back to normal staff levels within two to three weeks. The world’s largest uranium producer said on Monday it believed it could safely begin to bring staff back to its mine sites, after a four-month Covid-19-related shutdown. Production in the second half of the …
CNNC Rössing Uranium has been a feature of the Namibian economy for close to 44 years and has made significant contributions to the development of Namibia. I am confident that Rössing will continue to be a major supplier of energy to the world, as well as delivering value to shareholders and other stakeholders, for a …
Britain’s fraying relationship with China has the potential to undo a decade of mixed efforts to keep nuclear power flowing as an aging generation of plants drop out of service. Once the heart of the U.K.’s energy plans, nuclear has been sidelined by spiraling costs and cheaper renewables. It also finds itself at the center …
JSC National Atomic Company Kazatomprom has today announced it is extending for one month its reduction in operations due to COVID-19. Kazakhstan’s government last week announced a second two-week lockdown after a national surge in coronavirus cases followed the lifting of an earlier lockdown. Kazatomprom announced in April that it was reducing the number of employees …
Today the International Energy Agency (IEA) has released an energy-focussed COVID-19 recovery plan identifying actions that will “move the world towards a cleaner and more resilient future.” Investment in existing nuclear plants, new nuclear build and supporting innovation in small modular reactors are among measures proposed to support a broad range of clean energy technologies. …
Problems in the power sector have seen Scotland’s greenhouse gas emissions rise and the 2018 target being missed. Scottish government figures show source emissions increased by 1.5% largely because of the long-term shutdown at Hunterston nuclear power station. It led to more electricity being generated at the gas-fired Peterhead power station, where emissions doubled. A Scottish …
