Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities, state news agency SPA said, quoting the minister of mining …
The New York congressman conceded the Covid-19 pandemic has “disrupted” Democrats’ plans to consider climate change legislation this year. Rep. Paul Tonko (D-N.Y.), who is fine-tuning legislation in the House that aims to push the U.S. toward net-zero greenhouse gas emissions by 2050, said on Tuesday he did not favor banning nuclear power. “Clean energy …
At the construction site of Russia’s Kursk II nuclear power plant, the truss console has been installed under the reactor shaft of unit 2. This component, weighing 145 tons and with a diameter of more than 9 metres, is the second part of the core melt trap, Kursk NPP said. With this achievement, one of …
On May 25, the Astravets Nuclear Power Plant (NPP), in Belarus, finished receiving nuclear fuel for the initial load of its first reactor (Belta, May 25). These nuclear rods, delivered in batches since May 6, are now ready to be loaded into the reactor, after careful inspection. If all continues to proceed according to plan, …
After surging 34 percent in March and April, the U3O8 spot price slowed down in May, only adding 2 percent over the four week period. Rapid value growth during the first months of 2020 has moved the energy fuel 37 percent higher from its January price of US$24.63 per pound. The upward momentum has excited market participants as the …
The Department of Energy is pushing a plan to shore up the ailing nuclear industry. Energy Secretary Dan Brouillette, the top brass of DOE and what loosely might be described as the nuclear energy establishment took to a webinar May 29 to explain and endorse the plan. The industry was represented by Maria Korsnick, CEO …
Kazakhstan’s sovereign wealth fund, Samruk Kazyna, said on Wednesday it had sold a 6.27% stake in Kazatomprom, the world’s top state-owned uranium miner, for $206 million in a move that sought to take advantage of improved market sentiment. The fund, created in 2008, said it sold the shares at $13 per global depositary receipt, a discount of …
Activity in uranium markets slipped back to more normal levels in May as utilities remain reluctant to commit. -US uranium purchases up 20% in 2019 -Purchases from non-allies exceeded those from allies -Utilities still expected to come to the market this year A recent US Department of Energy report into the US uranium market, which …
China probably won’t hit its nuclear energy target this year, but that’s unlikely to derail a broader ambition to become the planet’s chief proponent of the climate-friendly fuel by the end of the decade. In an energy mix that’ll still heavily feature coal and other fossil fuels, government researchers have said that nuclear capacity could …
French nuclear output hit its lowest point since 2012 in May, falling 22.4% year on year to 24.6 TWh, as power demand remains affected by the coronavirus crisis, preliminary data from TSO RTE data showed on Monday. May nuclear output was 8.6% lower than the previous record low, in records going back to 2012, observed …
