The proposed plan by the Federal Government to construct a nuclear power plant by mid 2020 would offer Nigerians a cheaper and stable source of electricity pricing, in the long run, borne out of lower operating costs. This was disclosed by the Russia’s State Atomic Energy Corporation (ROSATOM) Vice President for Sub-Saharan Africa, Viktor Polikarpov, …
The Russian nuclear power corporation Rosatom’s trading branch operating on the foreign market, Tenex, and Electricite de France (EDF) have signed a contract for recycling regenerated uranium from France. The contract was concluded at the St. Petersburg International Economic Forum. It will let the EDF improve economic parameters, preserve natural resources and diversify sources of …
Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …
The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies. The initiative, launched on Thursday by U.S. Deputy Secretary of Energy Dan Brouillette with international partners, aims to “highlight the value of nuclear energy as a clean reliable energy source”. The partners are …
While the U.S. commercial nuclear power sector continues to suffer major contraction, the outlook in Canada is much brighter. Since October 2012, U.S. nuclear operators have announced they are closing more than 20 reactors at 16 plants. By contrast, Canadians are spending more than $25 billion to refurbish 10 nuclear reactors. Ontario Power Generation, owned by …
The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel company Indústrias Nucleares do Brasil. The uranium miner said that the contract was significant in the context …
The Bataan Nuclear Power Plant (BNPP) is seen during a tour around the BNPP compound in Morong town, Bataan province, north of Manila, Philippines May 11, 2018. Picture taken May 11, 2018. REUTERS/Romeo Ranoco Filipino Wilfredo Torres was hired as a technician for Southeast Asia’s only nuclear power plant in the 1980s, but has spent …
Summary Global uranium supply is decreasing, and the long-term demand is increasing. Cameco is testing the depth of the spot market with significant purchases to fulfill long-term delivery commitments. Cameco is one of the few companies that remain consistently cash flow positive in the industry. Energy Fuels’ spare capacity makes them an interesting investment in …
Miguel Arias Cañete and Ali Akbar Salehi meet in Tehran (Image: European Union/EC-Audiovisual Service) The European Commission and the Atomic Energy Organisation of Iran (AEOI) have confirmed their continuing commitment towards implementation of the Joint Comprehensive Plan of Action (JCPOA), following a visit by European commissioner for climate action and energy Miguel Arias Cañete to Tehran. …
Russia’s got a floating nuclear plant on a barge, and it’s heading for the Bering Strait — just a short hop from Alaska. The “Akademik Lomonosov,” according to a statement from Russian nuclear energy company Rosatom, docked in the Russian port of Murmansk on Saturday (May 19). There it will receive its supply of nuclear fuel. Tugboats will …