World’s top uranium miner Cameco halts Canadian plant

Canada’s Cameco (TSX:CCO) (NYSE:CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility, in Ontario, in a temporary safe shutdown state for four weeks. The move comes as the company faces the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put …

COVID-19: Update on Kazatomprom Operations

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following update related to the impact of the COVID-19 outbreak on the Company’s business. “As the impact of COVID-19 continues to be felt around the world, Kazakhstan has taken strong steps to slow the spread of the virus,” said Galymzhan Pirmatov, chief executive officer …

How to Refuel a Nuclear Power Plant During a Pandemic

To swap out the spent uranium rods, hundreds of technicians from around the country must work in close quarters for weeks. That’s a challenge during a quarantine. EACH SPRING, NEARLY 1,000 highly specialized technicians from around the US descend on the Palo Verde Nuclear Generating Station near Phoenix, Arizona, to refuel one of the plant’s three nuclear …

Is the long-awaited supply shock finally here for uranium?

Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, …

Coronavirus could disrupt normal refueling practices for nuclear facilities as staffing concerns grow

The nuclear sector has sprung into action to screen employees for signs of the novel coronavirus and prepare for potential disruptions to their typical refueling practices in light of pandemic-related travel restrictions. Nuclear generators have been enacting pandemic protocols for weeks to continue protecting their workforce. “We were prepared in advance for a range of …

Uranium firms adjust to COVID-19 impact

Kazatomprom’s uranium inventory will enable it to meet its commitments should mine production or the ability to physically deliver material be impacted by the COVID-19 outbreak, the company said yesterday. Meanwhile, GoviEx Uranium Inc has cancelled the second tranche of a non-brokered private placement offering, while NxGold Ltd and Mega Uranium Ltd have mutually agreed …

UAE Becomes First Peaceful Nuclear Operating Nation in Arab World

The Emirates Nuclear Energy Corporation (ENEC) announced today that, following the successful completion of fuel assembly loading into Unit 1, the UAE has officially become a peaceful nuclear energy operating nation. The Nation also becomes the first country in the Arab World to achieve this status, joining a limited group of countries worldwide that have …