Uranium was the glaring exception amid a broad-based rally in metals and minerals in 2016. The price of U3O8 fell 41% in 2016 with the industry tracker UxC’s broker average price hitting 12-year lows below $18 per pound in November. After top supplier Kazakhstan announced in the second week of January that it’s cutting output by 5.2 million …
Advanced fuel assemblies featuring chromia-doped fuel pellets and chromium-coated fuel cladding are to be loaded into a US nuclear power reactor. The fuel, developed by Areva NP under the US Department of Energy’s (DOE) Enhanced Accident Tolerant Fuel (EATF) program, will be loaded into the Vogtle 2 plant in Georgia.Vogtle units 1 and 2 (Image: …
China is planning to transform Shanghai into world’s top nuclear energy innovation hub in the next five years. China is planning to transform Shanghai into world’s top nuclear energy innovation hub in the next five years. This is in accordance with the country’s ambitious plan to become the “global nuclear forerunner” in coming years, according …
There are new small modular reactors where the nuclear reactor could be approaching the size of a shipping container but then the balance of the nuclear plant (turbines and other systems) is far larger. Holos Generator is transportable (by heavy lift cargo plane or truck), sealed, self-controlled, highly-efficient, affordable, and load-following, thus providing a generator …
Uranium One subsidiary Mantra Tanzania has applied to suspend the Mkuju River project in Tanzania due to depressed uranium prices, the company has confirmed. Uranium One, an international mining company of Russian state nuclear energy corporation Rosatom, said its subsidiary Mantra Tanzania had applied to suspend the project in December last year after “proper negotiations and consultations” …
By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) – The governor of Japan’s Niigata prefecture, home to the world’s largest atomic power plant, Kashiwazaki-Kariwa, will not take steps to restart the site until a nuclear advisory committee completes its work, delaying its operation at least three years. Governor Ryuichi Yoneyama told Reuters in an interview …
Business has been slow at a Larsen & Toubro Ltd. factory in western India that makes parts for nuclear power plants. The Mumbai-based construction company opened the plant in 2012, hoping to profit from government plans to build more reactors in a country where more than 200 million people lack access to electricity. But most …
Canadian uranium explorer NexGen Energy entered into an agreement with Hong Kong-based CEF Holdings that will allow it to receive US$110 million It may be as good as it gets, especially for a company operating in a sector of the mining business wallowing through the not-so-delightful doldrums. The good news: NexGen Energy Ltd., a company …
Canadian uranium miner Denison Mines (TSX:DML) (NYSE MKT:DNN) said Wednesday the Canadian Nuclear Safety Commission (CNSC) has granted the firm a 10-year licence for its 22.5%-owned McClean Lake operations in northern Saskatchewan. The permit renewal comes only a year after the Toronto-based miner and its joint venture partners obtained regulatory approval from the CNSC to hike annual uranium production capacity from …
The total cost of Unit 3 and Unit 4 of Kudankulam Nuclear Power Plant, each with a capacity to produce 1,000 megawatt, is Rs. 39,894 crore. NEW DELHI: Construction work at Unit 3 of Kudankulam Nuclear Power Plant in Tamil Nadu started today. The project, in collaboration with a Russian company, is likely to be completed in …
