Uranium has been mired in a protracted slump since 2011 and despite claims by some pundits that a rally is looming, its price continues to fall, leaving it down by 12% over the last year. This has had a deleterious impact on uranium miners, with many — including the world’s largest publicly traded uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ) shuttering …
Annual report says Saskatoon-based company lost $205M in 2017; Cameco blames global oversupply. Cameco admits it’s a difficult time to be in the uranium-mining business, but the Saskatoon-based company hopes conditions will improve. In the company’s latest annual report, Cameco said its net losses amounted to $205 million in 2017. In 2016, the company lost …
An agreement recently reached between Japan Atomic Power Co. and six municipalities in Ibaraki Prefecture concerning the Tokai No. 2 nuclear plant highlights the sensitivities in the relationship between power companies and local governments in areas where nuclear power facilities are located. For the first time as a nuclear power plant operator, Japan Atomic Power …
The comment below comes from the Uranium Research Team at Cormark Securities Inc. Our house view is still that the major catalyst to drive a Uranium rally is the striking of a new LONG-TERM contract…….Cameco is determined to do its part to clean up the spot market (see below) but really the main objective is spooking the …
ANKARA (Reuters) – Turkey’s TAEK atomic energy authority on Monday granted Russian builder Rosatom a construction license to start work on the first unit of the Akkuyu nuclear power plant, the state-run Anadolu news agency said. The grant comes a day before a visit by Russian President Vladimir Putin to Ankara, where Putin and Turkish …
The same construction milestone – installation of the reactor pressure vessel (RPV) – has been reached at unit 4 of the Vogtle nuclear power plant in the US state of Georgia and at unit 5 of the Hongyanhe plant in China’s Liaoning province. The RPV was lifted into its permanent location in Vogtle 4’s nuclear …
Keeping the Pickering nuclear plant open and operating until 2024 makes economic sense, says a new report sponsored by Ontario Power Generation. The study, released Tuesday by the Ontario Chamber of Commerce and the Canadian Centre for Economic Analysis, says the move would add a total $12.3 billion to Ontario’s GDP and support 7,600 jobs …
EXCLUSIVE TO SIGHTLINE U3O8 – When engaging with various members of sightlineu3o8.com, we are often asked about the models we use to predict long-term and spot U3O8 prices. With uranium prices at all time lows and suppliers implementing production cuts to incentivize prices back up, regular readers are anxious to integrate our forecasts into their …
Georgia Power announced today the placement of the nuclear reactor vessel inside Unit 4 containment at the Vogtle nuclear expansion project near Waynesboro, Georgia. Standing 35 feet tall, the reactor vessel functions as a heat source from the nuclear fission process to produce steam that will generate electricity for homes and businesses throughout Georgia. The …
BRUSSELS (Sputnik) – The government of Belgium has endorsed an energy strategy, confirming its plan to shut down all nuclear power plants (NPP) in the country by 2025. According to a document published by the Cabinet, Belgium aims to “withdraw from nuclear energy by 2025.” Brussels also plans to ensure a sufficient and stable power grid, and invest in new energy …
