Russian State Expert Examination Board (Glavgosexpertiza) has approved plans to build the infrastructure needed to support the floating nuclear power plant (FNPP) Akademik Lomonosov in the city of Pevek, which is in Russia’s Chukotka region. The plant, which comprises two 35-megawatt KLT-40C reactors, started commercial operation in December last year. Glavgosexpertiza announced on 15 April …
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 …
Due to COVID-19 containment measures as well as a slump in most every commodity outside of precious metals, uranium production is down by about 50%. Haywood Securities added up the numbers after Cameco (TSE: CCO) announced operation suspensions, writing in a note published Tuesday that “the world’s largest producers [are] announcing a string of temporary …
The uranium price has been quietly creeping up to hit a four-year high. Dominic Frisby explains what’s behind the rise, and picks the best way to invest. Stocks have crashed then rallied. People are falling over each other to buy government bonds. Gold is at seven-year highs. Oil has capitulated. Industrial metals are rebounding. Oh, …
China National Nuclear Corporation (CNNC) announced that installation of all reactor internals at unit 3 of the Karachi nuclear power plant in Pakistan had been completed on 4 April. Experts said the development was a key milestone in the progress of the project. During the process of assembling and adapting to the pressure vessel, all …
Belarus Energy Minister Viktar Karankevich told TV channel ONT on 11 April that the Belarus nuclear power plant under construction at Ostrovets will be launched during the summer and start producing electricity in the autumn. The Ostrovets nuclear plant, being build by Russian state nuclear corporation Rosatom will have two generation 3+ VVER-1200 reactor units. …
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 …
El-Debaa nuclear power plant in Egypt will receive a reliable supply of fuel once it is built following the announcement that Russia will supply nuclear fuel components including uranium and aluminium items to Egypt for a period of 10 years, following an agreement signed between the Egyptian Atomic Energy Authority and Novosibirsk Chemical Concentrates Plant …
The IAEA and the National Nuclear Laboratory (NNL) of the United Kingdom have agreed to strengthen their cooperation in support of a sustainable future for nuclear power, including activities on existing and emerging nuclear reactor technologies as well as decommissioning and radioactive waste management. The two organizations have signed a Practical Arrangement, building on a …
The price of uranium, the radioactive material used to fuel nuclear power stations, has entered a bull market following another big hit to supply. On Tuesday, Kazakh miner Kazatomprom slashed its 2020 production forecast by up to 10.4m pounds, equivalent to 8 per cent of global supply, because of government-imposed measures to mitigate the spread …