Glowing results for nuclear power at France’s EDF

A rebound in nuclear and hydroelectric production helped French power company EDF push operating profits higher last year, it said Friday while remaining cautious about the outlook for 2019. Operating profit climbed by 11 percent to 15.3 billion euros ($17.2 billion), slightly higher than the consensus of analyst forecasts compiled by data firm FactSet. Net …

Kazakhstan to remain uranium mining leader, says Energy Minister

Kazakhstan will remain the world’s leader in uranium mining despite the complicated situation in the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev, Kazinform correspondent reports. “Despite the difficulties in the global uranium market, we intend to maintain leadership in uranium mining. Now there is an oversupply of uranium and this trend continues,” …

Kazakhstan’s uranium exports reach $700M

Kazakhstan exported 14,200 tons of uranium in January-September 2018, which in money amounted to $699.1 million, Trend reports referring to EnergyProm.kz. Thus, uranium exports in physical terms decreased by 18.8 percent, and in money by 17 percent year-on-year due to a decrease in demand in the market of uranium products. The largest supplies of uranium …

Uranium prices: projects flounder as market uncertainty continues

The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …

Orano commissions new conversion facility

The new Philippe Coste uranium conversion plant at Orano’s Tricastin site in southern France has now been commissioned following the completion of a test programme. Orano said that during the testing programme the plant’s process equipment was progressively started up so that the complete manufacturing line could be tried out. The major equipment of the …

The lights could go out this winter if we close more coal and nuclear power plants

It’s been an early start to winter this year across much of the Central and Eastern United States. And plunging temperatures have highlighted a surprising fact: Not only are natural-gas prices soaring, but fuel stockpiles have dipped to unusually low levels. It’s a somewhat unexpected turn of events — since the United States has been the …

Saudi energy minister says kingdom launches uranium exploration program

Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi/File Photo Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct …

China upgrades nuclear reactors to wean itself off coal

China’s state-owned power plant operators are introducing safer, more efficient nuclear reactors as the government looks to raise its nuclear power capacity by 50% by 2020 to reduce its reliance on coal. So-called generation III plus reactors have safety features that automatically shut down the unit if the power is cut off. At least three advanced …