The Trump administration is to be commended for its “energy dominance” policy with respect to oil and natural gas production, but on domestic uranium mining, used for nuclear power generation and national defense purposes, it is the United States that is being dominated. Fortunately, the administration is considering new corrective measures to address this vulnerability …
Moltex Energy and ARC Nuclear each claim thousands of new jobs possible in New Brunswick. NB Power and the New Brunswick government are looking at the potential for a second reactor at Point Lepreau as part of a bid to create a manufacturing industry in the province for mini reactors. If the plan is successful, …
Uranium, a nuclear metal, has seen a downside as well as an upside time to time, on account of changing trend in energy production methods and supply and demand dynamics in the last three years. The prices started its downturn in 2015 with Uranium Futures (UXX) dropped significantly from the level of $40.15 (Day’s high …
The Department of the Interior’s Bureau of Land Management approved the expansion of the Lost Creek uranium in-situ recovery project, an existing uranium mine operated by Lost Creek ISR in Sweetwater County. The record of decision, signed by Interior’s Assistant Secretary for Lands and Minerals Joseph Balash, will strengthen energy security, expand infrastructure and bolster …
Although Korea has exported nuclear power plants to the United Arab Emirates (UAE), it can exclusively supply nuclear fuel to the plants only for three fuel cycles, which add up to less than five years. After that, Korea has to compete with other countries such as the United States to supply nuclear fuel to the …
Back in July, I wrote an article for MoneyWeek magazine about uranium. “The most hated metal in the world is due a comeback” ran the title. Today we revisit uranium and consider some of its prospects from here. The winter seems cruel for nuclear fuel Since that article uranium has had something of a comeback, …
“For decades, the FSB agents, the Russian lobby at the highest levels have slowed down the process of diversification. Moreover, the regime of Yanukovych practically buried that process by stopping it. Only after demonstration of political will over the past five years, thanks to cooperation with the Westinghouse company, Ukraine has become the first country …
Ali Akbar Salehi, head of Islamic Republic’s Atomic Energy Organization, says work on $8.5-billion power station project ‘moving ahead in an excellent manner’ Construction of two new nuclear plants in the southern Iranian city of Bushehr, home to the country’s only current working nuclear power station, is on schedule and going to plan, the Islamic Republic’s …
Nursultan Nazarbayev, the president of Kazakhstan, said on Tuesday that he was resigning as the oil-rich Central Asian nation’s leader after three decades in power. Nazarbayev, 78, has led the former Soviet republic since 1989, first as its Communist leader and then as president. “I have taken a decision, which was not easy for me, …
Nuclear power related shares soared across the board on Tuesday in Hong Kong and China after Beijing announced plans to invest 81.2 billion yuan (US$12 billion) in four new reactors for the first time since 2016. CGN Mining, a unit of state-owned China General Nuclear Power Group (CGN) that trades in uranium fuel, jumped 15 …