JSC National Atomic Company Kazatomprom has today announced it is extending for one month its reduction in operations due to COVID-19. Kazakhstan’s government last week announced a second two-week lockdown after a national surge in coronavirus cases followed the lifting of an earlier lockdown. Kazatomprom announced in April that it was reducing the number of employees …
Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities, state news agency SPA said, quoting the minister of mining …
The U.S. nuclear industry is coming off its best year ever. Electricity production from nuclear plants hit at an all-time high in 2019 as we led the world in generating more than 809 billion kilowatt-hours of electricity, which is enough to power more than 66 million homes. Yet, despite operating the largest fleet of reactors in …
Namibia halted mining and quarrying operations to curb the spread of the Covid-19 outbreak, according to Minister of Mines and Energy Tom Alweendo. The semi-arid southwest African nation is the world’s top producer of marine diamonds and the fifth-biggest of uranium. While minimal operations and critical maintenance work will be allowed, employers should ensure that …
Given the outbreak of the COVID-19 pandemic, the Government of Namibia declared a state of emergency and has put certain measures in place that are aimed at stopping the further spread of the virus in Namibia. One of the measures is partial lockdown period for the Khomas and Erongo Region – the Rössing Uranium mine …
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia Energy Appia Energy (CNSX: API; US-OTC: APAAF) …
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
The Union Minister of State (MoS) for Atomic Energy and Space, Jitendra Singh, stated in Parliament yesterday that a contract was signed with JSC NAC Kazatomprom, Kazakhstan on 8 July 2015 for procurement of 5,000 MT of Uranium Ore Concentrate (UOC) spread over a period of 5 years during 2015 to 2019 at an indicative …
The federal government could ramp up spending on domestically produced uranium, based on a recommendation from a working group created by President Donald Trump. That recommendation has not been made public, but sources familiar with the report told Bloomberg News it directs the federal government to add new domestic uranium to its stockpile. If the president acts …