Kyushu Electric to scrap No. 2 reactor at Genkai nuclear plant due to cost of safety upgrades at aging site

Kyushu Electric Power Co. said Wednesday it has decided to scrap its aging No. 2 reactor at its Genkai nuclear plant in Saga Prefecture. The utility abandoned a plan to restart the unit, which has an output of 559 megawatts, in the face of the huge costs involved in enhancing the safety of the reactor …

Kazakhstan to remain uranium mining leader, says Energy Minister

Kazakhstan will remain the world’s leader in uranium mining despite the complicated situation in the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev, Kazinform correspondent reports. “Despite the difficulties in the global uranium market, we intend to maintain leadership in uranium mining. Now there is an oversupply of uranium and this trend continues,” …

The Lure of Fake (U) News

EXCLUSIVE TO SIGHTLINE U3O8: Any time a commodity price heads towards a high note, we see an abundance of newly minted exploration companies and newly identified projects of great prospect.  In the absence of a defined resource, exploration companies must raise financing on a demonstration of superior talent, superior technology and superior indications of a …