Numis Securities analyst Justin Chan tells Proactive’s Andrew Scott the cut in production by Kazakhstan – the world’s top uranium producer – earlier this year did have an impact on the price – albeit temporarily.
When the market recovers, the uranium industry won’t need a tax break. But it does now, industry representatives say.Citing low prices and employment, the Wyoming Mining Association will make the case for a state tax cut on uranium when lawmakers meet Thursday in Casper. The cuts worked once before, they say. In the early ‘90s, …
Russian nuclear monopoly Rosatom plans to further increase the volume of its uranium supplies to the US in the coming years, as the company considers the US market as strategic for its further development. Currently export portfolio of Rosatom includes 25 contracts on the supplies of uranium to the US, with a total value of …
SYDNEY, June 22 (Xinhua) — A nuclear debate is heating up in Western Australia on Thursday, after the state government informed three uranium mining companies that their approval licenses will expire if their sites are not operational within five years.The newly formed State Government’s clarification on its policy has followed on from an election promise …
South Korean president Moon Jae-in has used the permanent shutdown of Kori unit 1 to outline his intended nuclear energy phase-out policy. He said no new reactors would be planned and existing units will not operate beyond 40 years. Moon addresses the Kori 1 closure ceremony (Image: presidential website)Kori 1 is a 576 MWe pressurized water …
Rusatom Overseas, a division of Russian State-owned atomic corporation Rosatom, on Monday signed a project development agreement (PDA) with Zambia, paving the way for a preliminary feasibility study into the proposed construction of a nuclear power plant. The signing took place during the yearly international nuclear forum Atomexpo 2017. Rosatom also signed several agreements with Zambian …
ANKARA (Reuters) – Russia’s State Atomic Energy Corporation (Rosatom) won approval from Turkey’s energy watchdog on Thursday to go ahead with building its $20 billion Akkuyu nuclear power plant in southern Turkey. The project to construct four nuclear reactors has repeatedly run into delays, including being briefly halted after Turkey downed a Russian jet near …
Rolls-Royce’s director of technology and engineering, John Molyneux gave more details on Rolls-Royce’s new reactor design and the next steps in its development when speaking to the European Young Nuclear Generation Forum event in Manchester, organised by the European Nuclear Society and the UK Nuclear Institute. Still without a publicized name, Rolls-Royce’s design is a pressurized …
SHANGHAI (Reuters) – China is betting on new, small-scale nuclear reactor designs that could be used in isolated regions, on ships and even aircraft as part of an ambitious plan to wrest control of the global nuclear market. Within weeks, state-owned China National Nuclear Corporation (CNNC) is set to launch a small modular reactor (SMR) …
BOLOGNA, Italy (Reuters) – French environment and energy minister Nicolas Hulot said on Monday that the government plans to close some nuclear reactors of state-controlled utility EDF (EDF.PA) to reduce nuclear’s share of the country’s power mix.He gave no indication of timing.Hulot told reporters at the G7 environment summit in the Italian city of Bologna …
