South Korea’s Korea Electric Power Corp (KEPCO) (015760.KS) has lost its preferred bidder status to buy Toshiba’s (6502.T) NuGen nuclear project in Britain as Toshiba looks at other alternatives, the Japanese company said on Tuesday. The project in Moorside, northwest England, was expected to provide around 7 percent of Britain’s electricity when built, but has …
Beijing-run giant seeks 49% holding in eight plants. The Chinese government is in early-stage talks to buy a big minority stake in Britain’s fleet of nuclear power stations, The Sunday Times can reveal. China General Nuclear (CGN), the country’s state-run nuclear giant, is understood to have made an approach about acquiring a share of up …
Prices of uranium in the last decade or so have shown the greatest volatility in history. In the photo, uranium oxide concentrate, or yellowcake, comes out of a filtered press. (Photo: Orano) Mining uranium is just like mining any other base metal, many industry executives say: exploration, licensing, excavation and then shutting down the mine …
Kazakhstan concluded a contract with Swedish Company Vattenfall AB for the supply of natural uranium. The commercial cooperation agreement was signed between Kazatomprom group and Vattenfall AB based on the results of a tender for procurement of nuclear fuel for the needs of their NPPs. Pursuant to their arrangements, the parties complied with all their obligations. The national company …
President of Westinghouse Electric Jose Emeterio Gutierrez speaks with the Kyiv Post at the Hilton Kyiv hotel during his recent two-day trip to Ukraine. Photo by Konstantin Chernichkin The global leader in nuclear fuel production, U.S.-based Westinghouse Electric, is so hungry for expanding its business in Ukraine that its president José Emeterio Gutiérrez visits the country …
Japanese utility Kansai Electric Power Company is to cut its electricity prices for customers by more than 5% on average following the restart of units 3 and 4 of its Ohi nuclear power plant and the subsequent reduction in fuel costs. The company made a similar price cut last August after units 3 and 4 …
Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …
The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel company Indústrias Nucleares do Brasil. The uranium miner said that the contract was significant in the context …
Summary Global uranium supply is decreasing, and the long-term demand is increasing. Cameco is testing the depth of the spot market with significant purchases to fulfill long-term delivery commitments. Cameco is one of the few companies that remain consistently cash flow positive in the industry. Energy Fuels’ spare capacity makes them an interesting investment in …
The big picture of power availability in India stresses the importance of urgent action. The growing per capita power consumption along with high population growth rate, urbanisation and rising middle class emphasises the critical importance of improving new power generation capacity. The Central Electricity Authority estimates the requirement of energy generating capacity to increase from the current 43 GW to 640 GW by 2026-27. …
