Cabinet members prepare to sit before a meeting on July 3. They approved the revised Basic Energy Plan during the meeting. (Takeshi Iwashita) A new wave of nuclear reactor restarts became more likely as the government approved the new Basic Energy Plan on July 3, confirming that nuclear power will remain a key component of …
Beijing-run giant seeks 49% holding in eight plants. The Chinese government is in early-stage talks to buy a big minority stake in Britain’s fleet of nuclear power stations, The Sunday Times can reveal. China General Nuclear (CGN), the country’s state-run nuclear giant, is understood to have made an approach about acquiring a share of up …
Yellow Cake, a specialist company operating in the uranium sector with a view to hold long term physical uranium ( “U3O8“), is pleased to announce that following the placing and subscription of approximately 76 million ordinary shares (the “Offering”) and admission to the AIM market of the London Stock Exchange (the “Admission” together with the …
The board of uranium explorer Vimy Resources has given its members a haircut and slashed executive pay just months after wrapping up a feasibility study on the company’s flagship Mulga Rock project, 240km north-west of Kalgoorlie-Boulder. Non-executive directors will take a 10 per cent pay cut from this financial year. Meanwhile executive remuneration could also …
The Nuclear Regulation Authority approved safety measures at the only nuclear plant in the Tokyo metropolitan area, but questions remain on whether its aging reactor can restart and if its operator will survive. At a July 4 meeting, the NRA concluded that Japan Atomic Power Co.’s measures to protect the Tokai No. 2 nuclear plant …
Safer reactors designed in the U.S. and Europe make their power grid debuts in China Nine years after construction began at China’s Sanmen nuclear power plant, the world’s first AP1000 unit has connected to the grid. Call it the world’s slowest photo finish. After several decades of engineering, construction flaws and delays, and cost overruns—a …
The Bacchus Securities-based pure uranium play raised £150 million (US$200 million) in its float on AIM this week. The pitch to investors is there is only upside in the energy mineral price now with major producers like Cameco cutting production to improve their margins, which have been slim-to-negative for several years. Yellow Cake has managed …
EXCLUSIVE TO SIGHTLINEU3O8 – We continue to look at the corporate variables and attributes important to investors along the lines of Management, Projects, and Financial Stability. This month we have compiled and presented data surrounding management compensation. The companies we include operate at a variety of stages, in a variety of jurisdictions, and utilize a variety of …
IAEA Director General Yukiya Amano highlighted the importance of nuclear science and technology —including nuclear power — in meeting development goals in his keynote address at the 2018 World Nuclear Exhibition event in Paris, France, today. “The IAEA helps countries to use nuclear science and technology to meet at least nine of the 17 Sustainable Development …
Prices of uranium in the last decade or so have shown the greatest volatility in history. In the photo, uranium oxide concentrate, or yellowcake, comes out of a filtered press. (Photo: Orano) Mining uranium is just like mining any other base metal, many industry executives say: exploration, licensing, excavation and then shutting down the mine …
