China General Nuclear (CGN) is expected to acquire a 49% stake in Ortalyk LLP, a wholly-owned subsidiary of Kazakh uranium producer Kazatomprom, by mid-2021. The transfer of the stake was part of cooperation agreements signed between CGN and Kazatomprom in 2014, 2015 and 2016. In 2014, CGN and Kazatomprom signed a cooperation agreement in the …
The first safety-related concrete has been poured for the nuclear island of unit 1 at the San’ao nuclear power plant in Zhejiang province, China General Nuclear (CGN) has announced. A total of six Chinese-designed Hualong One pressurised water reactors are planned for the site. In May 2015, the National Energy Administration approved the project to …
On 1 January 2021, Bulgaria became the newest member of the OECD Nuclear Energy Agency (NEA) and its Data Bank. “Bulgaria’s membership will enrich the NEA’s work in areas such as nuclear safety and regulation, decommissioning and radioactive waste management,” said OECD Secretary‑General Angel Gurría. “The accession of Bulgaria to the Agency also underlines the …
The U.S. could establish a national strategic uranium reserve for the first time in the country’s history, thanks to $75 million in funding included in the federal spending bill signed by President Donald Trump this week. In addition, a piece of legislation passed in the giant omnibus funding bill would limit the import of uranium …
The world’s largest uranium producer Kazatomprom and China’s CGN Mining announced today that Kazatomprom will sell to CGN up to a 49% interest in its wholly owned subsidiary, Ortalyk, on market terms determined by a third-party valuation. Ortalyk owns 100% interest in the Mynkuduk and Zhalpak uranium deposits in Kazakhstan. Mynkuduk has a designed capacity …
International treaties governing nuclear security serve as frameworks based on shared experience, but they are not a substitute for practical and ongoing cooperation. This was one of the messages from delegates at NP1 – The Nuclear Power Conference Israel – Threats, Challenges, Opportunities. The 10 November event took place amid growing concern about Iran’s move away …
The UK and the European Atomic Energy Community (Euratom) have signed a Nuclear Cooperation Agreement (NCA). This is separate from the wider UK-EU Trade and Cooperation Agreement that was also announced on 24 December and which has since been approved by ambassadors from the 27 EU Member States, paving the way for it to take …
Construction work has started on the second CFR-600 sodium-cooled pool-type fast-neutron nuclear reactor in Xiapu County, in China’s Fujian province. Also known as the Xiapu fast reactor demonstration project, the CFR-600 is part of China’s plan to achieve a closed nuclear fuel cycle. Construction of unit 1 started in late 2017. The fuel will be …
Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy, according to the latest edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency (IAEA) joint report on uranium resources, production and demand. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium …
Italy’s Enel has announced that its subsidiary Enel Produzione and the Czech company Energetický a Průmyslový Holding (EPH) have agreed to a provide additional loans for the completion of Mochovce 3 and 4 in the Slovak Republic, and altered the terms for EPH to eventually buy out Enel’s stake in Slovenské elektrárne. They and EP …
