Japan’s hopes of keeping its nuclear fuel recycling program alive faces another major obstacle with signs from France that a reactor project there will be scaled back because of swelling construction costs. After the nuclear fuel recycling program suffered a heavy blow with the decision in late 2016 to decommission the Monju prototype fast-breeder reactor, …
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan. Improving prices Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week …
The United Arab Emirates has postponed plans to start up its first nuclear reactor until at least the end of 2019. Nawah Energy Company, the operator of the Barakah Nuclear Energy Plant, said it “has completed a comprehensive operational readiness review” for the updated start-up schedule. “The results of Nawah’s review forecast that the loading …
French reactor firm Framatome has entered a deal to design, manufacture and supply fuel assemblies made from enriched reprocessed uranium (ERU) to utility firm EDF between 2023 and 2032. Framatome has noted that the collaboration is subject to administrative and regulatory authorisations. The reactor firm is to fabricate the fuel assemblies at its facility in …
Jordan’s Atomic Energy Commission and Rusatom Overseas (Russian Rosatom corporation) signed an agreement, according to which a project for the construction of a Russian-design small modular reactor will be built in Jordan. As RNS reports on Monday citing Rosatom’s message, the agreement envisages conducting the project’s feasibility study and allows the parties to benefit from the cooperation …
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has struggled over the years, but it looks as though the stock is finally gaining some steam. Over the past three years, its share price has dropped more than 26%, but year-to-date the stock has risen more than 18%. Low uranium prices have made life difficult for Cameco and forced the company …
The proposed plan by the Federal Government to construct a nuclear power plant by mid 2020 would offer Nigerians a cheaper and stable source of electricity pricing, in the long run, borne out of lower operating costs. This was disclosed by the Russia’s State Atomic Energy Corporation (ROSATOM) Vice President for Sub-Saharan Africa, Viktor Polikarpov, …
The Russian nuclear power corporation Rosatom’s trading branch operating on the foreign market, Tenex, and Electricite de France (EDF) have signed a contract for recycling regenerated uranium from France. The contract was concluded at the St. Petersburg International Economic Forum. It will let the EDF improve economic parameters, preserve natural resources and diversify sources of …
Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …
The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies. The initiative, launched on Thursday by U.S. Deputy Secretary of Energy Dan Brouillette with international partners, aims to “highlight the value of nuclear energy as a clean reliable energy source”. The partners are …
