Kazakhstan seeks to further promote global nuclear security, set to launch LEU Bank to boost nuclear power industry

ASTANA – The International Atomic Energy Agency’s (IAEA) Low Enriched Uranium (LEU) Bank will be launched Aug. 29 at the Ulba Metallurgical Plant in Ust-Kamenogorsk, said Parliament Senate Chairman Kassym-Jomart Tokayev at the opening of the 62nd Pugwash Conference on Science and World Affairs here on Aug. 25. The conference titled “Confronting New Nuclear Dangers,” …

Here’s How Warren Buffett Bankrolled A Uranium Bank In Kazakhstan

An international nuclear watchdog agency will open the first independent “bank” for nuclear reactor fuel on Aug. 29 in Kazakhstan, a bid to forestall developing nations from building their own nuclear capabilities. Uranium can both make electricity and make bombs, a key dilemma of the nuclear age. The International Atomic Energy Agency’s low-enriched uranium (LEU) bank is intended to …

Energy Fuels lifts Canyon Mine uranium resource, adds copper

A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium oxide (U3O8) resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner said on Wednesday that the bulk of the resource growth was a function of upgrading inferred resources to the measured and …

Uranium sale talks at advanced stage

Australian official rejects reports of delay, and says move won’t slow down coal exports Discussions are at a ‘well-advanced’ stage for Australia’s uranium sale to India, to fuel nuclear power plants in the energy-starved developing nation, according to an Australian government body’s top official. Dismissing allegations that uranium supply was facing ‘delays’ due to the …

NexGen says Arrow deposit ‘in a class of its own’ following PEA

  VANCOUVER — NexGen Energy (TSX: NXE; NYSE-MKT: NXE) has unveiled its maiden mine plan for the high-profile Rook I uranium project along the southwestern edges of Saskatchewan’s Athabasca Basin. On July 31, the company released a preliminary economic assessment (PEA) that outlines a 1,450-tonnes-per-day underground mine with a 17-year life. The study estimates initial capital expenditures totaling …

Areva says state subscribed to 2.5 billion euro capital increase for NewCo

PARIS (Reuters) – The French state has fully subscribed to a 2.5 billion euro ($2.92 billion) capital increase of nuclear fuel group Areva NewCo, completing one of the last stages of a complex state-funded restructuring of the company, Areva said on Thursday. Areva (AREVA.PA) said that the 500 million euros that Japanese companies Mitsubishi Heavy …

Madaouela Uranium Project

Madaouela is an advanced-stage uranium project being developed near Arlit in north-central Niger. The project is located within the most significant sandstone-hosted uranium deposits in the world. Environmental and social impact assessment (ESIA) of the Madaouela project was completed in March 2015. The Niger Government granted a mining permit for the Madaouela I tenement area in February …