The U.S. uranium mining industry has been devastated. This year, we expect it will provide less than 2 percent of the uranium that our country’s nuclear power plants need to produce 20 percent of our electricity — the lowest U.S. supply level since before the Cold War. This is no accident. We believe this is …
From Adem Tumerkan: For uranium investors – the suspense of a nearing bull market must be maddening. . . We keep hearing – and being promised – that the uranium bull market’s “right around the corner” – only to be left deeper in the red. But things actually have fundamentally changed in the uranium market recently. . . And in terms …
Global miner Rio Tinto Ltd said on Monday it will sell its entire stake in Rössing Uranium Ltd to China National Uranium Corp Ltd for up to $106.5 million. The sale of the 68.62 per cent stake in Rössing Uranium Ltd, which owns the Rössing mine in Namibia, ends a period of extensive strategic assessment, …
Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi/File Photo Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct …
Kazakhstan will start exporting uranium to Ukraine. Today the country is exporting raw materials to China, the United States, France, India and Canada. A national nuclear company has won a tender for export of uranium oxide concentrate. GENNADIY KOBAL, DIRECTOR, INTERNATIONAL EXPERT COMPANY: – The tender was announced for a total purchase of 1,200 tonnes. …
Nuclear energy in Japan may be making a significant comeback, it is just not going to be able to meet the government’s lofty production goals for 2030, according to a recent Reuters report. The Japanese government had set a target for nuclear to make up at least a 20 percent share of Japan’s total electricity …
China’s state-owned power plant operators are introducing safer, more efficient nuclear reactors as the government looks to raise its nuclear power capacity by 50% by 2020 to reduce its reliance on coal. So-called generation III plus reactors have safety features that automatically shut down the unit if the power is cut off. At least three advanced …
Brazil is eager to continue supplying Kazakh uranium ore concentrate, Kazakhstan’s Ambassador Plenipotentiary and Extraordinary to Brazil, Kairat Sarzhanov said Thursday. At a briefing here in Astana, Sarzhanov recalled that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April 2018, Kazatomprom company won a $1.3.7 million worth tender on supply of uranium ore concentrate for Industrias Nucleares do …
EDF pioneered an energy revolution back in the ’70s and ’80s. It could do so again if the French state pursues a carve-out of its atomic assets. So daunting is the challenge of overhauling the global energy system to prevent further catastrophic climate change, that just thinking about it feels paralyzing. It’s been done before though, …
Kazakhstan plans to produce a total of 21,600 mt of uranium in 2018, a decrease of almost 20% compared with the previously forecast 27,000 mt, Riaz Rizvi, Kazatomprom’s chief commercial officer said in an interview. Rizvi said the company also planned to implement similar production cuts of around 20% in 2019 and 2020. Kazatomprom has …