World’s top uranium miner Cameco halts Canadian plant

Canada’s Cameco (TSX:CCO) (NYSE:CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility, in Ontario, in a temporary safe shutdown state for four weeks. The move comes as the company faces the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put …

COVID-19: Update on Kazatomprom Operations

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following update related to the impact of the COVID-19 outbreak on the Company’s business. “As the impact of COVID-19 continues to be felt around the world, Kazakhstan has taken strong steps to slow the spread of the virus,” said Galymzhan Pirmatov, chief executive officer …

How to Refuel a Nuclear Power Plant During a Pandemic

To swap out the spent uranium rods, hundreds of technicians from around the country must work in close quarters for weeks. That’s a challenge during a quarantine. EACH SPRING, NEARLY 1,000 highly specialized technicians from around the US descend on the Palo Verde Nuclear Generating Station near Phoenix, Arizona, to refuel one of the plant’s three nuclear …

Is the long-awaited supply shock finally here for uranium?

Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, …

Uranium bucks weak commodity trend

The collapse in economic activity from the coronavirus pandemic has hit the price of most industrial metals and minerals, but uranium is bucking the trend. The price of the radioactive material, used in nuclear power stations to generate electricity, has risen 14 per cent in the past two weeks to $27 per pound, breaking out of …

Namibia Halts Mining Operations to Curb Spread of Covid-19

Namibia halted mining and quarrying operations to curb the spread of the Covid-19 outbreak, according to Minister of Mines and Energy Tom Alweendo. The semi-arid southwest African nation is the world’s top producer of marine diamonds and the fifth-biggest of uranium. While minimal operations and critical maintenance work will be allowed, employers should ensure that …

COVID-19 impacts nuclear industry worldwide

With world economies dramatically impacted by the COVID-19 virus nuclear operators considering their options. United States In the USA, Maria Korsnick, president of the Nuclear Energy Institute told the New York Times that some operating reactors are “considering measures to isolate a core group to run the plant, stockpiling ready-to-eat meals and disposable tableware, laundry …

Coronavirus could disrupt normal refueling practices for nuclear facilities as staffing concerns grow

The nuclear sector has sprung into action to screen employees for signs of the novel coronavirus and prepare for potential disruptions to their typical refueling practices in light of pandemic-related travel restrictions. Nuclear generators have been enacting pandemic protocols for weeks to continue protecting their workforce. “We were prepared in advance for a range of …