South Korea’s Korea Electric Power Corp (KEPCO) (015760.KS) has lost its preferred bidder status to buy Toshiba’s (6502.T) NuGen nuclear project in Britain as Toshiba looks at other alternatives, the Japanese company said on Tuesday. The project in Moorside, northwest England, was expected to provide around 7 percent of Britain’s electricity when built, but has …
EXCLUSIVE TO SIGHTLINE U3O8 – This month’s UComparables edition will focus on the Uranium Explorers’ ability to be project generators and de-risk exploration by accessing capital from partners to fund the high-risk and expensive drilling phases of exploration. A project generator (“PG”) is defined as a company that acquires and maintains a portfolio of multiple …
Nuclear power will be essential for meeting the UK’s greenhouse gas targets, concluded a new report by Imperial energy experts. The energy sector is one of the biggest culprits for greenhouse gas emissions in the UK due to its historical reliance on burning fossil fuels. Many experts believe that combining new, lower-cost renewable technologies with …
In the face of rockbottom uranium prices, Cameco is indefinitely shutting down its Key Lake mill and McArthur River mines. Denis O’Hara, 61, has worked for Saskatchewan-based Cameco Corp. in its Key Lake uranium mill for eight years and had hoped to retire there. Instead, he learned on Wednesday evening that he and about 500 …
The Digest of UK Energy Statistics (DUKEs), published today by the Department for Business, Energy and Industrial Strategy (BEIS), shows low-carbon sources of electricity accounted for a record 50.1% of power generated in the UK in 2017, which is up from 45.6% the previous year. This figure consists of 21.0% from nuclear, 14.8% wind (onshore …
Approval of Chinese nuclear technology in the UK would act as a springboard to the rest of the world. China wants to become a global leader in nuclear power and the UK is crucial to realising its ambitions. While other countries have scaled back on atomic energy in the wake of the Fukushima disaster, state-backed Chinese …
South Korea will have enough capacity to deal with the peak summer energy demands with increased operations of nuclear reactors and new thermal power plants set to come online next month, the industry minister said Wednesday. Paik Un-gyu, minister of trade, industry and energy, refuted claims that the government is turning to nuclear power to …
The developer of Britain’s first nuclear power station in more than three decades has approached 12 pension funds about helping finance a sister plant on the other side of the country. Electricite de France SA is working on ways to pay for its Sizewell C project in East Anglia that will make it cheaper than …
The possible introduction of tariffs on the import of uranium into the U.S. could have a negative impact on the activities of Kazakh companies – uranium suppliers, according to the Kazakh Energy Ministry, RIA Novosti reported. “Kazakhstan has several long-term contracts for the supply of natural uranium to the U.S., and the possible imposition of …
Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards (IFRS). “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” …
