France has yet to decide whether to build new nuclear reactors and could yet pursue a long-term strategy of 100% renewable energy, Environment Minister Elisabeth Borne said on Monday. The minister was responding to questions on Europe 1 radio after the CEO of state-controled power utility EDF last week said it is clear France is …
Suncor Energy has an image problem that seems incurable. The Alberta oil sands giant produces vast amounts of synthetic crude oil, a product that comes with a rather frightening carbon footprint. As the oil sands expand, Suncor will become an ever-bigger target for climate-change activists and green-tinged politicians. Even Justin Trudeau, who may or may …
Paladin Energy Ltd’s pre-feasibility study (PFS) for the restart of the Langer Heinrich uranium mine has delivered improved economics and potential for capacity expansion. The Namibian mine could return to production within 12 months of a restart decision and favourable market conditions, the company said. Western Australia-based Paladin began the two-stream PFS in March. The …
Brazil’s mines and energy minister, Bento Albuquerque, said the country expects to resume production at the country’s only uranium mine before the end of the year and would open the sector to private companies. The move to restart Caetité, halted since 2014, is President Jair Bolsonaro’s administration latest efforts to attract foreign commercial interest to an …
French utility EDF’s (EDF.PA) plan to restructure itself will be delayed for at least a few months as it awaits a broader reform of power regulations, the head of state-owned power group said in a letter seen on Friday. EDF was expected to present firm proposals for the overhaul, known as “Project Hercules”, by the …
As a general rule, the most successful man in life is the man who has the best information. Uranium sector won’t catch a break One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in …
As uranium bulls, we are getting excited for the last few months of 2019 – which could see the uranium price appreciate materially. We are expecting the spot price of uranium to close the year somewhere between $30 and $35 (current spot price is $25.65). This potential 20% rise in the spot uranium price should …
Electricite de France SA, which dominates the nation’s power production, said some of its reactors may contain substandard components. The utility’s shares tumbled. EDF didn’t say if any of the country’s 58 reactors will have to be halted, but electricity prices surged in anticipation of shutdowns. The announcement is another blow to the nuclear industry …
Nuclear must be part of a fossil-free future, but the industry first needs to address the cost of constructing new reactors, Magnus Hall, CEO of Swedish utility Vattenfall AB, told delegates attending World Nuclear Association Symposium 2019 in London. Hall – who is also chairman of Eurelectric, the association of European electricity generators – said …
Canadian miner Cameco said it will hold down output until uranium prices recover and it could cut production further, although nuclear reactor life extensions in France and newbuilds in China, the UAE and Britain bring some hope. Since the 2011 Fukushima nuclear disaster, Japan, Germany and other countries have closed dozens of reactors, which has …