South Korean president Moon Jae-in (R) shakes hands with Khalid Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, in their meeting at the Blue House in Seoul on May 4, 2018, in this photo provided by the presidential office. (Yonhap) South Korea’s government said Monday it will step …
Wenyuan Wu says given China’s pressing energy needs and its drive to reduce carbon emissions, the country has no choice but to invest heavily in nuclear power. China is well on its way to reaching its carbon reduction goals ahead of time after years of structural economic change that emphasised shifting to low-carbon hi-tech sectors. A recent …
Cabinet members prepare to sit before a meeting on July 3. They approved the revised Basic Energy Plan during the meeting. (Takeshi Iwashita) A new wave of nuclear reactor restarts became more likely as the government approved the new Basic Energy Plan on July 3, confirming that nuclear power will remain a key component of …
Beijing-run giant seeks 49% holding in eight plants. The Chinese government is in early-stage talks to buy a big minority stake in Britain’s fleet of nuclear power stations, The Sunday Times can reveal. China General Nuclear (CGN), the country’s state-run nuclear giant, is understood to have made an approach about acquiring a share of up …
The Nuclear Regulation Authority approved safety measures at the only nuclear plant in the Tokyo metropolitan area, but questions remain on whether its aging reactor can restart and if its operator will survive. At a July 4 meeting, the NRA concluded that Japan Atomic Power Co.’s measures to protect the Tokai No. 2 nuclear plant …
Safer reactors designed in the U.S. and Europe make their power grid debuts in China Nine years after construction began at China’s Sanmen nuclear power plant, the world’s first AP1000 unit has connected to the grid. Call it the world’s slowest photo finish. After several decades of engineering, construction flaws and delays, and cost overruns—a …
The Bacchus Securities-based pure uranium play raised £150 million (US$200 million) in its float on AIM this week. The pitch to investors is there is only upside in the energy mineral price now with major producers like Cameco cutting production to improve their margins, which have been slim-to-negative for several years. Yellow Cake has managed …
The uranium trader is using the money raised to buy up 8.1mln pounds of the radioactive metal, which it believes is “fundamentally mispriced” Uranium trader Yellow Cake PLC (LON:YCA) has made its debut on AIM this morning (Thursday July 5). Yellow Cake – a nickname for uranium – is backed by Bacchus Capital, the corporate finance boutique …
EXCLUSIVE TO SIGHTLINEU3O8 – We continue to look at the corporate variables and attributes important to investors along the lines of Management, Projects, and Financial Stability. This month we have compiled and presented data surrounding management compensation. The companies we include operate at a variety of stages, in a variety of jurisdictions, and utilize a variety of …
The U.K. government earmarked 200 million pounds ($262 million) to smooth the way for the next nuclear power plants just two days after rejected the case for an experimental project that would generate power from the tides. The Department for Business, Energy and Industrial Strategy said its Nuclear Sector Deal will fund technology and skills …