Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
Power was restored to a nuclear energy plant in Hokkaido, northern Japan on Thursday after a strong earthquake left it relying on emergency generators for 10 nervous hours, but it may be a week before lights are back on all over the major island. Triggering a blackout just after 3 a.m. local time, the magnitude …
A draft updated Integrated Resource Plan (IRP) approved by South Africa’s cabinet on 22 August sees the country’s nuclear capacity remaining at its current 1830 MWe over the period to 2030. Energy Minister Jeff Radebe yesterday released the plan for public comment. Under IRP 2018, coal would represent 46% of South Africa’s installed capacity mix, …
Spanish spot power prices are set to remain strong this week as nuclear outages in France continue to underpin power markets. Baseload power for Monday and Tuesday settled at EUR 66.56/MWh and EUR 67.67/MWh, respectively, compared to last week’s average of EUR 65.25/MWh. Spanish day-ahead prices could average EUR 65.71/MWh this week, according to Energy Quantified …
The availability of Sweden’s nuclear power plants could drop to 33% of installed capacity next week, due to outages at up to five of the country’s eight reactors, according to the latest data on Tuesday. Forsmark 2 (1,123 MW) and Oskarshamn 3 (1,445 MW) are offline for annual maintenance until 18 September, while Ringhals 4 …
Ecology minister’s sudden resignation puts spotlight on controversial power source. France produces almost three-quarters of its electricity from nuclear power. That didn’t sit well with Ecology Minister Nicolas Hulot, who abruptly quit his post after he “failed to convince” the government in questioning the use of atomic energy. President Emmanuel Macron, aiming to boost renewables as he prepares an energy-policy …
Russia’s state civil nuclear power corporation Rosatom has started to load nuclear fuel at the fourth power unit of the Tianwan Nuclear Power Plant in China, Rosatom said in a statement on Saturday. “On August 25, 2018, at 7:20 p.m. (2:20 p.m. Moscow time), the first fuel assembly was loaded into the active zone of …
Rusatom International Network – a subsidiary of Russian state nuclear corporation Rosatom – has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. The agreement was signed on 10 August by Alexander …
Russia is stepping up its overseas sales of nuclear power plants, with state-run nuclear energy company Rosatom agreeing in July to cooperate in building a plant in the Central Asian country of Uzbekistan and reaching an accord with China to build a plant in that country. Russia accounts for 67% of the world’s nuclear plant deals currently in development. By 2030, Rosatom aims …
The IAEA has launched a comprehensive, online interactive and integrated digital map of the world’s uranium distribution and deposits. This second edition of World Distribution of Uranium Deposits was developed with contributions from the Saskatchewan Geological Survey, the Geological Survey of South Australia and the United States Geological Survey. This edition classifies information by types …