Yu Jianfeng, chairman of China National Nuclear Corporation (CNNC), signed a Memorandum of Understanding with Mohamed Al Hammadi, CEO of Emirates Nuclear Energy Corporation (ENEC) at the Great Hall of the People in Beijing on July 22. On the same day, Yu also signed a cooperation agreement on building a center of finance and investment …
Last Tuesday, Cameco (TSX:CCO)(NYSE:CCJ) celebrated U.S. president Donald Trump’s decision to execute no new exchange confinements on uranium imports under Section 232 tariffs and quotas. Until 2009, Canada was the world’s largest producer of uranium when Kazakhstan’s production surpassed Canada’s 22% market share. Today, Canada exports 85% of the $2 billion of Canadian produced uranium. …
Saudi Arabia will be one of a handful of countries expected to receive state-of-the-art advanced nuclear reactors from China and Russia, according to a new report. The report, “Advancing Nuclear Innovation: Responding to Climate Change and Strengthening Global Security,” was commissioned by the Global Nexus Initiative. This is a project established by the Partnership for Global Security, a …
Tribeca Global Natural Resources Ltd. says President Donald Trump’s refusal to impose U.S. uranium production quotas has awoken institutional investors to uranium, thus removing the “handbrake” holding back investment in the sector for the past year. Defying a U.S. Commerce Department Section 232 investigation finding that uranium imports threaten national security, Trump refused the recommendation …
Enough communities in Utah and elsewhere have agreed to purchase nuclear power from a small modular reactor planned at the Idaho National Laboratory, triggering a next phase in its development. Participating members in the Carbon Free Power Project signed contracts that total more than 150 megawatts, which means there will be an increased focus on …
It’s been a long road back for uranium since the 2011 Fukushima nuclear reactor melt-down in Japan and there could be further to travel despite a promising uptick in the price of the fuel after last week’s decision by the U.S. President, Donald Trump, to not ban imports of the material. Apart from safety considerations …
The US Nuclear Regulatory Commission (NRC) has proposed a reduction in the frequency and scope of inspections at the country’s more than 90 nuclear power units to help reduce costs and improve efficiency. In response, the Nuclear Energy Institute (NEI) said “smarter regulations” can help nuclear plant owners and operators allocate time and resources to …
China has started building its first small modular reactor (SMR) project on the island province of Hainan, the state-owned China National Nuclear Corporation (CNNC) said on Thursday, as part of the country’s efforts to diversify its nuclear sector. The project was originally scheduled to go into construction in 2017. The company did not say when …
Any discussion on nuclear power policy should be based on reality. In their Upper House election campaign platforms, the ruling Liberal Democratic Party and its junior coalition partner, Komeito, say they will allow more restarts of nuclear reactors in line with the government’s Basic Energy Plan. The plan defines nuclear energy as a mainstay source …
Uzbekistan has decided it now wants to build four nuclear power units and not just two as previously stated, Alisher Sultanov, the country’s energy minister, said in an interview with news agency Kun.uz this week. Uzbekistan’s ambition to include nuclear power in its energy mix was unveiled in October last year by Uzbek and Russian …