The world’s largest operating uranium mine will be temporarily suspended, further disrupting a market “already coiled like a spring”. In 2020, COVID-19 interruptions to uranium supply has doubled the structural deficit – the difference between supply and demand — to 40 million pounds. That’s more than 20 per cent of annual uranium consumption. Yesterday, major …
Canadian uranium miner Cameco has opted to temporarily suspend operations are its Cigar Lake operation in northern Saskatchewan, Canada, due to increasing risks posed by COVID-19. The company said that the entire province has been experiencing a “significant negative trend in the pandemic” that has left Cameco uncertain for the mine’s continuous operation as the pool of …
The levelised costs of electricity generation of low-carbon generation technologies are falling and are increasingly below the costs of conventional fossil fuel generation, according to a report by the OECD Nuclear Energy Agency (NEA) and the International Energy Agency (IEA). The cost of electricity from new nuclear power plants remains stable, yet electricity from the …
A Japanese court on Friday, for the first time, revoked the government’s approval of operating a nuclear plant under new safety regulations developed in the wake of the 2011 Fukushima nuclear disaster. The Osaka District Court ruled in favor of about 130 plaintiffs who claimed that the Nos. 3 and 4 reactors of Kansai Electric …
The National Energy Regulator of South Africa has invited comment on government’s plans to add 2,500MW in nuclear power to SA’s electricity mix. Currently, Koeberg is only supplying 1,940MW. A number of parties are interesting in building the nuclear station. On Monday, the National Energy Regulator of South Africa (Nersa) invited comment on government’s plans to add …
The Prime Minister Boris Johnson is set to announce fresh backing for electric vehicles, hydrogen, and nuclear power as part of a 10-point plan to put the country on course for net zero emissions by 2050. Mr Johnson is expected to unveil his strategy in the coming week, as he sets out his vision for transforming the UK into a low-carbon leader with thriving green …
The Republican-led Senate is proposing modest spending increases for environmental agencies compared to last year’s budget, diverging from proposed cuts that the Trump White House put forward earlier this year. In its $38 billion Interior-environment spending bill for fiscal 2021, the Senate Appropriations Committee proposed giving about $13.6 billion to the Interior Department and about $9.09 billion to the Environmental …
Energy markets and sectors were quick to react to the news that Joe Biden was declared the winner of the 2020 race to the White House. After natural gas-rich Pennsylvania fell Biden’s way in ballot counting Nov. 7, media organizations The Associated Press, CNN and Fox, among others, declared Biden the winner of the election, …
Horizon Nuclear Power is in discussions about transferring its Wylfa Newydd and Oldbury nuclear-build sites to another developer. Horizon confirmed in September that it was scrapping its work at the sites after parent company Hitachi failed to agree a funding deal with the UK Government. It later asked Whitehall to delay a decision on a …
The European Commission “will not stand in the way” of countries that choose to build new nuclear power stations, said EU climate chief Frans Timmermans, who warned however about the life-cycle costs of the technology, “which means that you will be stuck with it for a long, long, long time”. The European Commission keeps a …
