Small but very critical item in the uranium space this week. Suggesting that the world’s largest producing nation may be about to take drastic action in propping up faltering prices. That’s Kazakhstan — the world’s reigning champ for uranium output the last several years. Where officials said they may move to further cut production in …
Kazakhstan’s energy minister Kanat Bozumbayev announced Wednesday that the country will supply uranium to five nuclear power plants in China beginning in 2019. “We are working with our Chinese partners on uranium conversion,” Bozumbayev told media representatives at the 18th Asian Nuclear Cooperation Forum held in Kazakhstan’s capital city Astana. China is on schedule to …
NIAMEY, Oct 11 (Reuters) – French uranium mining and nuclear fuel group Areva NewCo’s two uranium mines in Niger will cut staff and output in the face of falling uranium prices, a local union leader said on Wednesday. The state-owned company runs the open-cut Somair mine outside the northern, desert town of Arlit and the …
Uzbekistan signed a contract on supply of uranium to the United States. The contract is designed for 7 years and its cost exceeds $300 million. “It is a long-term contract. This is very important and significant. The total value of the contract exceeds $300 million,” said Elyor Ganiev the Minister of Foreign Trade of Uzbekistan, …
JOHANNESBURG – TSX-V-listed GoviEx Uranium has received expressions of interest from export credit agencies and project finance banks to arrange $220-million of senior debt financing for the construction of the Madaouela uranium project, in Niger. This followed the earlier appointment of Medea Capital Partners as project debt adviser and is in line with the Africa-focused exploration and development company’s four-step strategy to …
New Delhi: India is engaging with various countries, including Uzbekistan, to procure nuclear fuel as part of its plan to create a strategic uranium reserve to ensure long-term security. The plan is to have a stockpile of nuclear fuel for its strategic uranium reserve that can sustain the country’s reactors for the next five years so …
VIENNA, 19 September (BelTA) – The preparation of the agreement to supply nuclear fuel to the Belarusian nuclear power plant is at the final stage, Belarusian Deputy Minister Mikhail Mikhadyuk told the media on the sidelines of the 61st session of the IAEA General Conference, BelTA has learned. “We are drafting an supplementary agreement to …
KazAtomProm is making progress in its transition to become a market-led, flexible supplier, the company’s Chief Commercial Officer Riaz Rizvi said today at the World Nuclear Association’s Symposium. The company is transforming its approaches to both production and marketing. Uranium is not alone among extractive industries that are currently experiencing difficult market conditions, Rizvi said. Most …
Energy Fuels, a leading US producer of uranium, expects to be the country’s top producer at about 650,000 lb in 2017 and could triple its annual output if prices rose from the current $20/lb, a company official said Monday. In comments webcast on the company’s website Monday afternoon, Curtis Moore, vice president of markets and …
Nuclear power is gaining popularity as the world tries to meet increased demand for electricityfrom non-carbon sources. Nuclear power is a result of heat generated through the fission process of atoms. The most common fuel used in conventional nuclear fission power stations is uranium, a silvery-white radioactive metal in the actinide series of the periodic …