Saudi energy minister says kingdom launches uranium exploration program

Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi/File Photo Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct …

BMO launches coverage of Kazatomprom

BMO Capital Markets has initiated coverage of Kazakhstan-based uranium producer Kazatomprom (LON: KAP), with an outperform rating and a target price of $17 per share. The company recently listed about 15% of its stock on Kazakhstan’s new Astana Stock Exchange (AIX) and U.S. dollar-denominated global depository receipts (GDRs) on the London Stock Exchange. Kazakhstan’s sovereign …

Finland Eyes Nuclear Power to Hit Climate Targets

Along the pine-lined shores of Finland’s bucolic western coast, a clean energy vision of the Nordic country’s future is quietly taking shape. On the tiny island of Olkiluoto, workers are applying the finishing touches to a new Evolutionary Pressurised Reactor (EPR) set to supply 10% of Finland’s electricity needs. Like all nuclear power reactors, the massive …