JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces its intention to sell its 50% interest (minus one (1) share) in the Uranium Enrichment Center JSC (“UEC”) to its partner in the joint venture, TVEL Fuel Company (“TVEL”), for RUB6.253 billion (approximately US$100 million). The value of the Company’s interest in UEC is based …
While uranium spot prices were down 14% in 2019, supply and demand fundamentals for uranium are the “most bullish in years,” and the sector “offers its most compelling value proposition since pre-Fukushima,” Haywood Securities says in a new research note. “Looking ahead, we believe we are in the early stages of a long-term bull market …
Concerns over the United States’ nuclear supply have prompted the State Department to renew sanctions waivers for companies working on Iran’s civilian nuclear program, according to senior U.S. officials. Failing to extend these waivers otherwise would expose a Russian nuclear company to American sanctions. Rosatom, a Russian state nuclear company, helps Iran operate its civilian nuclear program – …
The Trump administration will extend sanctions waivers allowing limited work on Iran’s civil nuclear program for another 60 days, two people familiar with the matter said. At the same time, the administration will announce sanctions on the Atomic Energy Organization of Iran and its chief, Ali Akbar Salehi, according to the people, who asked not …
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia Energy Appia Energy (CNSX: API; US-OTC: APAAF) …
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
The government of Hungary said it will need about $165.4 billion to convert its entire economy to carbon-free status by the year 2050, in order to meet the European Union’s mandate of “climate neutrality.” Hungary’s Innovation and Technology Minister Laszlo Palkovics said 90% of Hungary’s electricity production should be carbon-free by 2030. Palkovics added that …
Russia and India may team up to construct nuclear power plants in Africa and the Middle East, according to India’s ambassador to Russia, building on their current experiences in Bangladesh. “There are also good prospects for cooperation of Russia and India in nuclear energy in third countries,” Ambassador Venkatesh Varma told RIA Novosti on Wednesday. “We are …
Williams Industrial Services Group, an Atlanta-based company which is supporting Bruce Power’s Major Component Replacement project, officially opened its Canadian offices yesterday. Williams, which has worked at more than 40 nuclear stations throughout Canada and the United States, is providing project controls services to Bruce Power. The company’s Canadian operations are based in Saugeen Shores …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
