World’s No.1 miner BHP (ASX, NYSE:BHP) (LON:BTL) is tightening its belt, especially when it comes to its operations in Australia, targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years. While the company has already had reduced costs across its …
Fukui Gov. Issei Nishikawa’s decision on Monday to give the go-ahead to restarting two reactors at the Oi nuclear plant highlights the local economy’s dependence on nuclear power, even 6½ years after the March 2011 Fukushima disaster. At a news conference, Nishikawa offered what he sees as the merits of a restart, saying the plant …
Russia’s Rosatom has signed a memorandum of understanding (MoU) with Brazilian companies Centrais Elétricas Brasileiras (Eletrobras) and Eletrobras Termonuclear SA (Eletronuclear) to promote cooperation in nuclear power. It includes the possible construction of a new nuclear power plant in Brazil, Rosatom said. The MoU also covers services, including operation, maintenance and decommissioning work; nuclear fuel …
South Korea is stepping up its bid to take over stakes in a troubled nuclear project in Britain as the two countries agreed to step up cooperation in the sector, Seoul’s energy ministry said Tuesday. Energy ministers of the two nations signed a memorandum of understanding in their meeting in London to expand cooperation in …
The nuclear sector is “integral to increasing productivity and driving growth” in the UK, according to the government’s Industrial Strategy White Paper launched today. In the UK, a White Paper is a government report giving information or proposals on an issue. Unveiling the White Paper, Business Secretary Greg Clark said the strategy sets out a …
Egypt’s House of Representatives approved three laws on Monday which allow for the creation of two regulatory bodies on nuclear power, paving the way for the construction of Egypt’s first nuclear power plant to generate electricity at El-Dabaa. The approval came after a five-hour marathon of debate in an urgent plenary meeting. At the start …
It always comes as a shock to see just how uncompetitive Olympic Dam actually sits on the slate of BHP Billiton’s globe of present and future mines. Presently Olympic Dam makes a 1 per cent return on capital and it will take a whole lot of hard core tweaking of men and machinery between now …
* Finance ministry looking at EDF restructuring scenarios * One option is to spin off nuclear power in standalone unit * EDF itself not involved in evaluation scenarios * Investment bankers pitching ideas to state holding APE By Geert De Clercq and Benjamin Mallet PARIS, Nov 23 (Reuters) – The French finance ministry is studying …
FUKUI–Kansai Electric Power Co. has cleared all hurdles toward restarting two reactors at its Oi nuclear power plant early next year after gaining the consent of the prefectural governor here Nov. 27. The utility plans to resume operations of the No. 3 and No. 4 reactors in January and March, respectively. “I have agreed to …
China National Nuclear Corporation (CNNC) and the Pakistan Atomic Energy Commission (PAEC) have signed a cooperation agreement on the construction of a HPR1000 Hualong One reactor at the Chashma nuclear power plant. “According to the agreement, CNNC will build a one-million-kilowatt-class nuclear power unit with HPR1000 technology at the Chashma Nuclear Power Plant in Pakistan,” …
