Japanese firm Hitachi is set to cancel a £16 billion nuclear power station in Wales, leaving the long-term future of Britain’s energy sector in jeopardy. While no formal decision has yet been made, the Nikkei newspaper has reported that an impasse in months-long talks between the company, London and Toyko on financing is expected to result in …
Much more rests on the £19.6bn project to construct the Hinkley Point C nuclear power station in Somerset than the ability to power 6M homes. Everyone is bearing the pressure to get it right – from the shovel drivers at a nearby Somerset quarry who wash the wheels of their vehicles to ensure the quality …
Nuclear power provides roughly 20 percent of the United States’ electricity and about half of its low-carbon electricity. Whether you think nuclear power is a good or a bad thing, the fact is that the existing nuclear power fleet contributes a significant amount of energy to the US grid, and all that capacity is rapidly approaching …
Cameco Corp. (NYSE:CCJ) is the second-largest uranium miner in the world. We like uranium because the demand and supply is easier to keep track of than other commodities. The number of nuclear reactors is known and so are the places where the ore is mined. Uranium prices have rebounded strongly. We bought Cameco two years …
Two major players have made significant production cutbacks Denison Mines’ Wheeler River project could come online just as the market rebounds Wheeler’s Phoenix deposit could be the lowest cost uranium mining operation in the world The uranium market has significantly struggled since the Fukushima accident in 2011, which caused the nuclear power industry to retrench. …
Rosatom plans to produce and supply nuclear fuel for the construction of the Chinese CFR-600 fast-neutron reactor, the press service Rosatom fuel company Tvel reported on Thursday. “TVEL JSC and Chinese company CNLY (a part of CNNC corporation) have signed the contract for supply of nuclear fuel for CFR-600 fast-neutron reactor which is currently under …
EXCLUSIVE TO SIGHTLINE U3O8: Last month we pointed out a strange anomaly. For the first time in over a decade, the share price of uranium equities had begun to fall while the Spot price of uranium continued to rise. Despite sharing a common movement pattern over the prior 18 months, it appeared that equities were …
The Kenya Nuclear Electricity Board is currently conducting a screening exercise for potential sites identified for the development of nuclear power plants in the East African country. The CEO Collins Juma revealed: “The board is in the process of selecting a qualified firm to develop terms of reference for site characterisation for nuclear power plants …
Rosatom expects a site to be selected for Uzbekistan’s first nuclear power plant by the end of March and a construction contract to be signed by the end of this year. In an interview last month with news agency Kun.uz, Alexander Lokshin, Rosatom’s first deputy director general for operational management, also said construction of the plant …
The Trump administration intends to invest $115 million over the next three years to reopen a uranium enrichment plant in southern Ohio. The decision by the U.S. Department of Energy is subject to final approval by federal regulators but could result in 60 new jobs initially, according to an announcement by Sen. Rob Portman, R-Ohio. …
