French electricity giant EDF prepared Monday to close a deal for the nuclear turbines business of General Electric, the latest step in President Emmanuel Macron’s plans to revive his country’s atomic power drive. Buying the turbines would give EDF a key component for the new EPR reactors it hopes to build in France while also …
Kazakh President Kassym-Jomart Tokayev ordered his government on Tuesday to extract greater tax revenue from the mining sector which he said was profiting from higher metals prices. Kazakhstan has just weathered the worst bout of unrest since it gained independence from the Soviet Union three decades ago and the plan for higher taxation of the …
Howard Green speaks with Tim Gitzel, CEO of Saskatchewan-based uranium company Cameco Corporation, about nuclear power and climate change. Generating clean electricity is one of the most pressing issues facing humankind. More than half of the world’s greenhouse gases come from producing electrical power. So to get to net zero targets, the world needs to …
National Atomic Company Kazatomprom JSC (“Kazatomprom” or “the Company”) has now formally signed the framework agreement with Genchi Global Limited for the Company’s investment in the physical uranium fund “ANU Energy OEIC Ltd.” (“ANU Energy” or “the Fund”), registered on Astana International Financial Center (“AIFC”), and the Fund will begin operations.Mazhit Sharipov, Chief Executive Officer …
TORONTO, Nov. 23, 2021– Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has filed and obtained a receipt from …
JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces that the Company, represented by its Chief Commercial Officer, Askar Batyrbayev, participated virtually in the China International Import Expo 2021, held in Shanghai, China from 05–12 November 2021. During the Expo, Kazatomprom concluded two term contracts for the supply of Kazakhstani natural uranium concentrates: one …
Kazatomprom has reduced its expected production figures for 2021 due to delays in exploration and wellfield development activity, citing pandemic-related supply chain issues which have had a material impact on production schedules. The Kazakh uranium producer’s announcement comes days after Canadian company Cameco reduced its forecast for fuel services production for the year citing supply …
Will we see a similar price run to the early 2000s? Uranium, the commodity that provides us with nuclear fuel used to generate electricity in nuclear power stations, has surged to price levels last seen in 2015. Many are saying that the current market dynamics have created a uranium squeeze that could propel the commodity …
This year nuclear fuel has risen in price to its highest level since 2012 After years of stagnant prices, a 37 per cent rally in prices for nuclear fuel uranium has helped attract investors back to the sector. Funds such as Ben Melkman’s New York-based Light Sky Macro, Anchorage Capital and Tribeca Investment Partners have …
Australia is a country nearly the size of the continental US with a population of about 26 million people. It is a country with vast open spaces. Most of its population is found on its east coast in New South Wales and Queensland, some population centers in Western Australia, South Australia, the Northern Territories and …