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. …
Australian-based uranium miner, Paladin Energy has recorded a 23 percent decline in the production at its Namibia Langer Heinrich Mine during the fourth quarter ending in March 2018.During the period under review, the Langer Heinrich Mine produced 670,456 pounds (lbs) of uranium oxide compared to 873,107 lbs produced in quarter three which ended in December …
VANCOUVER (miningweekly.com) – Canadian uranium major Cameco is settling in to a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to translate …
WASHINGTON, D.C. – U.S. Energy Secretary Rick Perry and François Jacq, Chairman of France’s Alternative Energies and Atomic Energy Commission (CEA), seized the occasion of President Trump’s Head-of-State welcome for French President Emmanuel Macron to sign two Statements of Intent (SOIs). The signing ushers in a new era of DOE-CEA research and development (R&D) cooperation …
PERTH (miningweekly.com) – Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation under care and maintenance. Paladin previously told shareholders that the medium-grade ore stockpiles currently being used as feed for the …
Swakop Uranium which owns the Husab uranium mine, one of the biggest uranium mine in the world, was the largest employer in the country’s mining industry in 2017, according to the Chamber of Mines CEO, Veston Malango. Malango highlighted this in his welcoming remarks at the two-day 7th Namibia Mining Expo and Conference which kicked …