Saudi energy minister says kingdom launches uranium exploration program

Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi/File Photo Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct …

China upgrades nuclear reactors to wean itself off coal

China’s state-owned power plant operators are introducing safer, more efficient nuclear reactors as the government looks to raise its nuclear power capacity by 50% by 2020 to reduce its reliance on coal. So-called generation III plus reactors have safety features that automatically shut down the unit if the power is cut off. At least three advanced …

Kazakhstan, Brazil To Sign Nuclear Energy Agreement

Brazil is eager to continue supplying Kazakh uranium ore concentrate, Kazakhstan’s Ambassador Plenipotentiary and Extraordinary to Brazil, Kairat Sarzhanov said Thursday. At a briefing here in Astana, Sarzhanov recalled that the list of products exported from Kazakhstan to Brazil had been updated and now included uranium ore concentrate. In April 2018, Kazatomprom company won a $1.3.7 million worth tender on supply of uranium ore concentrate for Industrias Nucleares do …

Uranium Price Update: A Return to Health

There’s been growing talk around uranium and its potential for a comeback. Over the last month and a half, uranium spot prices have been balancing around a two-and-a-half-year high, rising by 30% from April according to the Financial Times report. Changes from some of uranium’s largest producers have been a major driver behind the price …