Summary Uranium prices are finally picking up steam following their 11-year bear market. Prices are on track to soon reach the cost of production estimates which may buoy equities out of their rut. The Global X Uranium ETF has fallen by over 15% in recent weeks due to the equity sell-off. Long-term buyers who handle …
Australia’s Energy Minister Angus Taylor has asked the House Standing Committee on the Environment and Energy to investigate the nuclear fuel cycle, Committee Chairman Ted O’Brien announced today. “This will be the first inquiry into the use of nuclear energy in Australia in more than a decade and I believe it’s the first time the …
China’s total nuclear capacity rose 9% in the first six months of the year to 48.7 gigawatts (GW) following the completion of two new units in the southeast province of Guangdong in June, the country’s nuclear association said. Nuclear power accounted for 4.75% of China’s total electricity output for the half-year, generating 160 billion kilowatt-hours …
Diplomats from Iran and several world powers recommitted Sunday to salvaging their nuclear deal amid mounting tensions between the West and Tehran. Iran’s deputy foreign minister said the emergency meeting in Vienna had yielded positive developments but had not “resolved everything.” “The atmosphere was constructive, and the discussions were good,” Abbas Araghchi told reporters. Araghchi …
Although uranium market challenges are easing, Cameco CEO Tim Gitzel says there is still far to go before the Canadian uranium company restarts operations at McArthur River/Key Lake. Gitzel made the comment during the presentation of its second quarter results yesterday. The company reported a net loss of CAD23 million (USD17.5 million) for the second quarter of …
The photo taken on July 25, 2019 shows the Rossing Uranium handover ceremony near the town of Swakopmund, Namibia. The Anglo-Australian mining giant Rio Tinto officially handed over Namibian uranium mine Rossing to its new majority shareholder, China National Nuclear Corporation (CNNC) at an event Thursday in Rossing Mine near the coastal town of Swakopmund. …
The operator of the nuclear plant wrecked by a 2011 earthquake and tsunami said Wednesday that it will decommission four more reactors in northeastern Japan in addition to those already being scrapped. Tokyo Electric Power Company Holdings said a final decision on dismantling the four reactors at the Fukushima Dai-ni plant will be formally approved …
Last Tuesday, Cameco (TSX:CCO)(NYSE:CCJ) celebrated U.S. president Donald Trump’s decision to execute no new exchange confinements on uranium imports under Section 232 tariffs and quotas. Until 2009, Canada was the world’s largest producer of uranium when Kazakhstan’s production surpassed Canada’s 22% market share. Today, Canada exports 85% of the $2 billion of Canadian produced uranium. …
THE Namibian Competition Commission has approved the N$1,5 billion Rössing Uranium mine acquisition by China National Uranium Corporation. In a statement released yesterday, the commission said they had approved the acquisition with conditions for China National Uranium Corporation (CNUC) to acquire the entire issued share capital of Rio Tinto Overseas Holding Limited, thus gaining control …
The nation’s government intends partnering with Rosatom to add nuclear energy to Nigeria’s energy mix in bids to address the country’s power challenges. Speaking to a local publication, The Nation, Rosatom’s central and southern Africa CEO, Dmitry Shornikov, revealed that Nigeria is making steady progress on the matter. “This is evident by the agreement which …
