S. Korea reaffirms support for nuclear energy export push

SEOUL, Jan. 23 (Yonhap) — South Korea’s energy minister vowed Tuesday to support local companies’ overseas sales of nuclear reactors, even as the Asian country reduces use of nuclear power as part of its renewable energy initiative. Under the energy transformation policy, South Korea plans to increase use of renewable energy from 7 percent in …

New nuclear power plant coming to Idaho Falls

IDAHO FALLS, Idaho (KIFI/KIDK) – Idaho Falls will soon be home to brand new nuclear technology. NuScale Power, a nuclear power company, has created a new nuclear technology to provide energy to cities and Idaho Falls is getting the first power plant. The plant for small modular reactors will be built on the Idaho National Lab site. It will contain …

New Areva changes name to Orano

New Areva announced today it has been renamed Orano. New Areva comprises Areva’s nuclear fuel cycle activities that remained after the spin-off and subsequent sale of its reactor business. New NP – Areva’s former reactor business – was renamed Framatome earlier this month.  Orano is focused on nuclear materials development and waste management and its activities encompass …

Russia to invest $250 million in uranium exploration, production in Argentina

Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors. The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country’s sector, according …

Uranium veteran expects price stalemate to crack in 2019

(Reuters) – Uranium producers’ deliberate cuts to production should finally begin to prop up prices next year as reserves of the rare metal dwindle and nuclear power generators rush to lock-in long-term contracts, according to sector veteran John Borshoff. Shares in uranium producers briefly rose late last year after the world’s biggest listed producer Cameco …

‘There has never been a bigger disconnect between price and value’ – VRIC 2018

VANCOUVER (miningweekly.com) – “The disconnect between price and value is as stunning as I’ve ever seen,” founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. “If you’re on the fence on getting into uranium… Do you want it for free? The value proposition is so compelling …

Wyoming uranium producers appeal to Trump to decrease foreign imports

The two largest uranium producers in the country, both operating in Wyoming, are asking President Donald Trump for relief from one of their greatest challenges: foreign imports. Denver-based Energy Fuels and Ur-Energy petitioned the Department of Commerce to look into whether imports from dominant uranium producers, like Russia, pose a national security risk. The firms …