Sprawling across northern Saskatchewan and Alberta, the Athabasca Basin is home to some of the world’s richest uranium deposits, which were discovered in the 1940s and mined since the late 1960s. What is less clear, however — and what Geological Survey of Canada geophysicist Vicki Tschirhart hopes to discover this summer — is the western …
In 2015, India communicated its intended nationally determined contribution (INDC) for the period 2021-30 consisting of eight elements. Of these, two have a direct relationship with nuclear energy: to achieve about 40% cumulative electric power installed capacity from nonfossil fuel-based energy resources by 2030, and to reduce the emissions intensity of its GDP by …
Uranium was the glaring exception amid a broad-based rally in metals and minerals in 2016. The price of U3O8 fell 41% in 2016 with the industry tracker UxC’s broker average price hitting 12-year lows below $18 per pound in November. After top supplier Kazakhstan announced in the second week of January that it’s cutting output by 5.2 million …
Advanced fuel assemblies featuring chromia-doped fuel pellets and chromium-coated fuel cladding are to be loaded into a US nuclear power reactor. The fuel, developed by Areva NP under the US Department of Energy’s (DOE) Enhanced Accident Tolerant Fuel (EATF) program, will be loaded into the Vogtle 2 plant in Georgia.Vogtle units 1 and 2 (Image: …
Uranium One subsidiary Mantra Tanzania has applied to suspend the Mkuju River project in Tanzania due to depressed uranium prices, the company has confirmed. Uranium One, an international mining company of Russian state nuclear energy corporation Rosatom, said its subsidiary Mantra Tanzania had applied to suspend the project in December last year after “proper negotiations and consultations” …
Canadian uranium explorer NexGen Energy entered into an agreement with Hong Kong-based CEF Holdings that will allow it to receive US$110 million It may be as good as it gets, especially for a company operating in a sector of the mining business wallowing through the not-so-delightful doldrums. The good news: NexGen Energy Ltd., a company …
Canadian uranium miner Denison Mines (TSX:DML) (NYSE MKT:DNN) said Wednesday the Canadian Nuclear Safety Commission (CNSC) has granted the firm a 10-year licence for its 22.5%-owned McClean Lake operations in northern Saskatchewan. The permit renewal comes only a year after the Toronto-based miner and its joint venture partners obtained regulatory approval from the CNSC to hike annual uranium production capacity from …
Uranium production, prices, and employment all fell in the United States in 2016, according to data from the U.S. Energy Information Administration (EIA). From 2014 and 2016, production of uranium concentrate decreased to 2.9 million pounds U3O8 in 2016, which is the lowest annual total since 2005. Production remained low in 2017, totaling 0.45 million …
When the market recovers, the uranium industry won’t need a tax break. But it does now, industry representatives say.Citing low prices and employment, the Wyoming Mining Association will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper. The cuts worked once before, they say. In the early ‘90s, …
Russian nuclear monopoly Rosatom plans to further increase the volume of its uranium supplies to the US in the coming years, as the company considers the US market as strategic for its further development. Currently export portfolio of Rosatom includes 25 contracts on the supplies of uranium to the US, with a total value of …
