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 …
Nuclear power plants produced 61% of Ontario’s electricity in 2018 and remain a “substantial form of generation” while supporting system reliability, according to newly released data from the Canadian province’s Independent Electricity System Operator (IESO). Total electricity demand for the year was 137.4 TWh, which was in line with 2015 and 2016 figures but slightly …
A rebound in nuclear and hydroelectric production helped French power company EDF push operating profits higher last year, it said Friday while remaining cautious about the outlook for 2019. Operating profit climbed by 11 percent to 15.3 billion euros ($17.2 billion), slightly higher than the consensus of analyst forecasts compiled by data firm FactSet. Net …
Chinese National Nuclear Corporation to develop country’s uranium sector, as Sudan opens its door to uranium investments Sudan agreed with state-owned Chinese National Nuclear Corporation (CNNC) on Wednesday to cooperate in the peaceful use of nuclear energy with uranium enrichment. In an interview with Sudanese official news agency SUNA, Mohammed Abdullah, director of the Geological …
Kazakhstan will remain the world’s leader in uranium mining despite the complicated situation in the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev, Kazinform correspondent reports. “Despite the difficulties in the global uranium market, we intend to maintain leadership in uranium mining. Now there is an oversupply of uranium and this trend continues,” …
TVEL, the fuel manufacturer subsidiary of Russia’s Rosatom, has signed a contract with India’s Department of Atomic Energy for supplies of uranium fuel pellets for the Tarapur boiling water reactors (BWRs). A key component of nuclear fuel, a pellet consists of pressed-powder uranium dioxide that has previously been enriched with the U-235 isotope. Such fuel …
Kazakhstan exported 14,200 tons of uranium in January-September 2018, which in money amounted to $699.1 million, Trend reports referring to EnergyProm.kz. Thus, uranium exports in physical terms decreased by 18.8 percent, and in money by 17 percent year-on-year due to a decrease in demand in the market of uranium products. The largest supplies of uranium …
The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …
Rosatom plans to produce and supply nuclear fuel for the construction of the Chinese CFR-600 fast-neutron reactor, the press service Rosatom fuel company Tvel reported on Thursday. “TVEL JSC and Chinese company CNLY (a part of CNNC corporation) have signed the contract for supply of nuclear fuel for CFR-600 fast-neutron reactor which is currently under …
The new Philippe Coste uranium conversion plant at Orano’s Tricastin site in southern France has now been commissioned following the completion of a test programme. Orano said that during the testing programme the plant’s process equipment was progressively started up so that the complete manufacturing line could be tried out. The major equipment of the …