URANIUM producers will need to keep their costs down in an overly saturated market, as the industry still faces tough times. While demand for uranium is expected to grow in the long run, the rate of growth remains uncertain due to its over-reliance on China’s nuclear building plans. This is what Rössing Uranium’s managing director, …
The main control room of the Unit 2 of the Karachi nuclear power plant, China’s self-developed third-generation HPR1000 demonstration project in Pakistan, was declared operational on April 28, according to an announcement by China National Nuclear Corporation (CNNC). The landmark achievement was followed up by the commissioning of the digital control systems (DCS) of Karachi …
Rössing Uranium Ltd will start with a detailed pre-feasibility this year in anticipation of the mine’s end-of-life which is planned for 2025. However, a sales process, currently underway, may throw this mine a lifeline taking its productive life beyond the looming deadline. Launching the mine’s annual stakeholder report this week, Rössing Uranium’s new Managing Director, …
Kazatomprom’s uranium production for the first quarter of 2019 was 4% down from the same period in 2018 as the Kazakh company continues with its plan to reduce production. Meanwhile, US uranium production for the quarter was 74% down from 2018. Total production for the first quarter was 5294 tU, down from 5528 tU in …
A site has been chosen for construction of Uzbekistan’s first nuclear power plant, Russia’s Foreign Minister said on May 2 during a visit to the Central Asian nation. The plant may become the first of its kind in Central Asia. “[Uzbek President Shavkat] Mirziyoyev today expressed satisfaction with how this project was coming along and …
The European Union will need to continue having a nuclear energy share of at least one-quarter until 2050 to meet the emissions reduction targets it has set for that year, according to a new report from Deloitte. The EU has set targets of reducing emissions by 40% compared to 1990 levels, and by up to …
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’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 …
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 …
“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 …
