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 …
Recently, the International Energy Agency (IEA) warned that neglect of the world’s nuclear electric generating plants would lead to a precipitous decline in climate-friendly nuclear energy production around the world. The agency, a consortium of 30 countries which monitors energy developments worldwide, said 25 percent of nuclear capacity could be lost by 2025 and two-thirds by 2040. …
The Uranium Corporation of India Limited (UCIL) will be taking up 13 uranium mining projects across the country with an outlay of Rs 10,570 crore, aiming to increase its production by up to four times in the near future. UCIL Chairman and Managing Director, CK Asnani, announced this in Hyderabad while speaking on the sidelines …
India’s atomic programme will receive a major push from its strategic partner Kazakhstan which has assured an increased supply of uranium to India in the next five years, according to Kazakhstan Ambassador Bulat Sarsenbayev. He asserted that a new contract is currently being negotiated between the two countries and Kazakhstan is aiming to significantly improve …
Since the 1990s, mostly from other countries like Canada and Australia. This is a good thing, as the uranium ores in these countries are much higher grade than ours, and requires a lot less mining and refining to get the same amount of energy into the fuel. And, except for Russia, most of these countries …
