The information session for those interested in gaining contracts with the Paks II nuclear power plant construction project was attended by 350 people from 180 companies, including 150 from Hungary. The Paks II project was launched in early 2014 by an intergovernmental agreement between Hungary and Russia for two VVER-1200 reactors to be supplied by …
Federal nuclear production tax credits are providing the foundation for the USA’s largest producer of carbon-free energy to continue to invest in growth opportunities, Constellation Energy said in its 2023 results announcement and 2024 earnings forecast. Constellation recently marked its second anniversary as a standalone company since the separation of Exelon Generation’s regulated utility and …
Canada sold C$4 billion ($3 billion) of debt Tuesday, its first issue under an amended framework for green bonds that allows the country to raise funds to support nuclear power. The 10-year bonds have a 3.5% coupon and yield half a basis point less than Canadian government debt due in December 2033. The new framework …
Sweden’s Climate and Environment Minister Romina Pourmokhtari has announced the launch of an investigation to abolish the country’s ban on uranium mining. The move was welcomed by Australia-based Aura Energy, which hopes to extract uranium as a by-product from its 100%-owned Häggån polymetallic project in Sweden. On 16 May 2018, the Swedish parliament passed an …
It’s essential for keeping a clean-energy electrical grid. Nuclear power has been the backbone of Ontario’s clean electric grid for the past half-century. Starting in 1971, the Canadian province constructed 20 large heavy-water reactors over the next 22 years. The rationale at the time wasn’t combating climate change but replacing expensive coal imported from the …
Canada’s most populated province is extending the lifespan of the country’s oldest operating nuclear power plant, doubling down on nuclear plant overhauls to pursue green goals. Ontario Power Generation (OPG) last month abandoned plans to close the remaining six reactors at its Pickering Nuclear Power Station, opting instead to refurbish four of the units (Pickering …
A $1.6 billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A debate about protecting strategic resources in Mongolia risks delaying the finalization of the agreement until after elections in June, according to two people …
China has begun construction on the second phase of the Zhangzhou nuclear power project using Hualong One reactors, domestically developed third-generation reactors, in the city of Zhangzhou, east China’s Fujian Province. The first four Hualong One units have been completed and put into operation, according to the China National Nuclear Corporation (CNNC). The Zhangzhou nuclear …
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices are once again on the move, rising above US$100 per lb. in January for the first time in over 16 years, but this time Talbot …
Investment banks Goldman Sachs (GS.N), opens new tab and Macquarie (MQG.AX), opens new tab as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium …
