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 …

Canada targets higher nuclear returns, longer lifespans at new test facility

Canada’s new reactor research center will use advanced inspection technologies and micro materials testing to improve maintenance and ageing management programs, industry experts told Nuclear Energy Insider. Last month, Canadian Nuclear Laboratories (CNL) launched a new Centre for Reactor Sustainability (CRS) to support the long-term operation of nuclear power plants. The new facility will help …

Japan and USA enhance cooperation in nuclear energy

A memorandum of cooperation has been signed between Japan and the USA to “promote the global leadership role” of the two countries in civil nuclear energy. The memorandum was signed on 13 November by Japan’s Ministry of Economy, Trade and Industry (METI) and Ministry of Education, Culture, Sports, Science and Technology and the USA’s Department …

Russia’s Rosatom to start construction of 7th power unit at Chinese nuclear power plant — RT Business News

The construction of a new power unit at the Tianwan Nuclear Power Plant (NPP) in China will begin in 2021, according to Russia’s state nuclear corporation Rosatom. It’s the biggest joint NPP project between the two nations. Together with the Chinese partners, we have already built four power units at this site and thus have …