A massive supply deficit in the uranium market is driving prices to four-year highs at record speed as the coronavirus pandemic wrecks global supply chains. One of the world’s largest producers, Cameco (NYSE:CCJ) has now shut its Port Hope fuel service facility just weeks after suspending operations at its flagship Cigar Lake mine in northern …
Uranium mining major Cameco (TSX: CCO; NYSE: CCJ) is extending the temporary production suspension at its Cigar Lake mine in northern Saskatchewan as the effects of the global covid-19 pandemic persist, the company announced on Monday. In late March, Cameco placed the Cigar Lake operation on care and maintenance for four weeks, during which it …
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 …
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 …
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 …
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, …
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 …
Unit 4 of the Chashma nuclear power plant in Pakistan operated safely and continuously for more than 265 days and 17 hours in its second fuel cycle, bettering the duration of continuous safe operations set in its first fuel cycle, according to local reports on March 20. Constructed by China National Nuclear Corporation, also known as CNNC, the …
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 …
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 …