Safety Remains Key to Long Term Operation of Armenia’s Nuclear Power Plant

IAEA Director General Yukiya Amano met with Armenian President Armen Sarkissian during his visit to Yerevan, the capital. (Photo: Office of the President of Armenia) The IAEA will continue its cooperation with Armenia to ensure the highest safety standards at the Armenian Nuclear Power Plant (ANPP), IAEA Director General Yukiya Amano said in Yerevan, Armenia yesterday. …

Egypt presses ahead with nuclear power

Egypt’s Nuclear and Radiological Regulatory Authority (ENRRA) has approved the site of al-Dabaa in the first step of the licensing process required to build a nuclear station. The ENRRA oversees nuclear activities in Egypt to ensure the safety and security of people, property and the environment from the risk of radiation. The nuclear power station at al-Dabaa will be built …

Cameco Gets Environmental Approval for Australian Uranium Project

Uranium miner Cameco (TSX:CCO,NYSE:CCJ) received an important approval from the Australian Federal Department of Environment and Energy last week to advance the Yeelirrie uranium site. Located in the remote Northern Goldfields region of Western Australia, Yeelirrie is one the country’s largest undeveloped uranium deposits. Cameco acquired the project in 2012 from BHP (ASX:BHP,NYSE:BBL,LSE:BHP) and was …

Yellow Cake PLC hails robust market fundamentals for uranium

“Rising demand and constrained supply, together with the steady run-off of long-term contracts has created a positive price environment” Physical uranium stockpiler Yellow Cake PLC (LON:YCA) said the recent pullback in spot prices presented a good buying opportunity as it remained confident in the long-term outlook for the radioactive metal. The global spot uranium price softened to …

Japan to shut down nuclear plants if counterterror steps not taken in time

Japan’s nuclear regulator decided Wednesday not to let power companies operate reactors if they fail to install sufficient counterterrorism measures by specified deadlines. The decision by the Nuclear Regulation Authority came after three utilities that operate five nuclear plants in western and southwestern Japan requested that their deadlines be extended as they expect delays in …

‘We may scale up supply of uranium to India’: Kazakhstan ambassador Bulat Sarsenbayev

Kazakhstan, the world’s largest producer of uranium, is looking at scaling up its supply of the key energy source to India from 5,000 tonnes during 2015-19 to more than 7,500 tonnes over the next five years, Kazakh ambassador Bulat Sarsenbayev said on Wednesday. The Central Asian nation, with the second largest uranium reserves or almost …

Saudi Arabia to lead a trillion dollar MENA investment splurge

The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …

World’s only floating nuclear power unit to begin commercial production in Russia

After a series of successful and comprehensive tests, including on its twin KLT-40 reactor system, the unique floating nuclear power unit (FPU) “Akademik Lomonosov” is ready to start commercial operations. The FPU’s reactors, No.1 and No.2, were successfully brought up to 100% capacity on the March 31. These tests confirmed the operational stability of the …