South Korea’s electricity generation fell for the first time in more than two decades in 2019 amid an economic slowdown and favorable weather conditions, data showed Tuesday. The amount of electricity generated by the nation’s power plants came to 562,239 gigawatt hours last year, down 1.5 percent from the prior year, according to the data …
Concerns over the United States’ nuclear supply have prompted the State Department to renew sanctions waivers for companies working on Iran’s civilian nuclear program, according to senior U.S. officials. Failing to extend these waivers otherwise would expose a Russian nuclear company to American sanctions. Rosatom, a Russian state nuclear company, helps Iran operate its civilian nuclear program – …
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia Energy Appia Energy (CNSX: API; US-OTC: APAAF) …
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
Romania’s government will exit the deal with its Chinese partner China General Nuclear Power Corporation (CGN) on the construction of reactors 3 and 4 at the Cernavoda nuclear power plant, Prime Minister Ludovic Orban announced in an interview with Hotnews.ro. He invoked the European Union’s Green Deal rather than security issues or cost concerns circulated …
Uzbekistan has signed contracts on uranium supply to Japan for over $1 billion, Kun.uz reports. The contracts were signed during the visit of President of Uzbekistan Shavkat Mirziyoyev to Japan in December 2019. The biggest deal for $636.4 million was reached with Itochu. The deal for $510 million was signed with Marubeni. The Navoi mining …
The Union Minister of State (MoS) for Atomic Energy and Space, Jitendra Singh, stated in Parliament yesterday that a contract was signed with JSC NAC Kazatomprom, Kazakhstan on 8 July 2015 for procurement of 5,000 MT of Uranium Ore Concentrate (UOC) spread over a period of 5 years during 2015 to 2019 at an indicative …
The federal government could ramp up spending on domestically produced uranium, based on a recommendation from a working group created by President Donald Trump. That recommendation has not been made public, but sources familiar with the report told Bloomberg News it directs the federal government to add new domestic uranium to its stockpile. If the president acts …
The Federal Electricity Commission (CFE) is looking into building four nuclear reactors. “We consider it advisable that we install two more reactors at the Laguna Verde nuclear power plant [in Veracruz] and two on the Pacific coast,” CFE thermoelectric generation coordinator Héctor López Villareal told a press conference. The cost of each 1,400-megawatt (MW) reactor, with …
