A $1.6 billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A debate about protecting strategic resources in Mongolia risks delaying the finalization of the agreement until after elections in June, according to two people …
ranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts. Recent talks with prospective buyers have signaled there’s additional interest in new off-take agreements and that’s likely to increase after Kazakhstan’s State-run miner Kazatomprom lowered its production guidance earlier this month, according …
The Kazakh national atomic company said it expects to see a “modest” growth in 2024 production despite adjustments to its previously announced production plans related to the availability of sulphuric acid and construction delays at newly developed deposits. Kazatomprom’s 2023 production was 21,112 tU on a 100% basis (11,169 tU attributable), which the company said …
Japan has added uranium to its list of critical minerals in a move that seeks to reduce its dependence on foreign sources of nuclear element, particularly Russia’s, and to support domestic exploration and development projects. The decision, made by the Ministry of Economy, Trade and Industry (METI), comes almost a year after the government of Prime …
Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do. Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger …
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue. The country will also take stock of existing mining licenses, according to a memo from the mining ministry seen by Bloomberg. Niger is among the world’s top producers of uranium. France’s Orano, Toronto-based Global Atomic and China …
Public Service Enterprise Group’s Hope Creek nuclear power plant in New Jersey. US nuclear power plants may have to make changes to their uranium sourcing if federal restrictions on US imports of Russian uranium are passed in Congress. Source: Public Service Enterprise Group Inc. A bill in the US Congress to restrict imports of Russian …
Rosatom’s mining division exceeded its uranium production target by 90 tonnes in 2023, it told its annual Stakeholder Dialogue event. Meanwhile, progress is being made on new mining operations. At the Priargunskoye Industrial Mining and Chemical Union (PIMCU) – the uranium production centre in the Transbaikal/Chita region – heap leaching was used to increase the …
The planned capacity of the enterprise is 800 thousand tons per year “Samruk-Kazyna” JSC, JSC “NAC “Kazatomprom”, and the Italian company Ballestra S.p.A. signed a strategic partnership agreement, QazMonitor reports, citing the press service of Samruk-Kazyna. Signed during President Tokayev’s visit to Italy, the agreement is to attract investments for the realization of the project …
This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries …
