Cameco (TSX: CCO; NYSE: CCJ) announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years. The Tax Court ruled that Cameco’s marketing and trading structure involving foreign subsidiaries and …
Cameco (TSX: CCO; NYSE: CCJ) today filed a submission with the United States Department of Commerce (DOC) in response to its request for comments as part of the investigation into whether foreign uranium imports threaten to impair US national security under Section 232 of the Trade Expansion Act of 1962. “With uranium operations in both …
NuScale Power has selected BWX Technologies (BWXT) of Virginia to begin engineering work to manufacture its small modular reactor (SMR). 83 companies from 10 countries have been vying for the project over the past 18 months. NuScale picked BWXT as the best firm to refine its design for manufacturing, assembling and transporting the SMR design. …
Uranium prices have always been known as fickle at best, and volatile at worst. This year has proved to be the same. But to be frank, this is exactly the type of opportunity Australia could bank on to help its energy crisis. Uranium closed at $27.35, down slightly since last Friday 21 September 2018. Pretty …
Today, the Texas uranium mining industry is virtually silent. Indeed, across the U.S., this once-thriving industry now supplies only a small fraction of our domestic nuclear energy and defense requirements, threatening our energy independence and national security. Along with many others, the U.S. Department of Commerce, or DOC, is now asking, why? As the world’s …
A Japanese court paved the way for the nation’s ninth nuclear reactor to restart, boosting Prime Minister Shinzo Abe’s push to bring dozens of plants back online following the 2011 Fukushima disaster. The Hiroshima High Court on Tuesday removed a temporary injunction against Shikoku Electric Power Co.’s Ikata No. 3 reactor, the company said in a …
The Energy Department is considering a fast-tracked timeline for the repayment of billions of dollars of federal loans to a troubled nuclear expansion in Georgia as speculation mounts that its developers could pull out of the project today. Senior DOE officials told reporters on an 8 p.m. conference call yesterday that the agency can require …
Saudi Arabia’s atomic energy programme is fundamental for developing a sustainable energy sector, energy minister Khalid Al-Falih told the 62nd General Conference of International Atomic Energy Agency (IAEA) in Vienna. The kingdom plans to start building its first two nuclear power reactors this year and as many as 16 over the next 25 years at a …
Head of State Nursultan Nazarbayev had today a meeting with Chairman of the Management Board of National Atomic Company Kazatomprom JSC Galymzhan Pirmatov, Kazinform has learned from the press service of Akorda. The President underlined that Kazatomprom is one of the largest national companies in Kazakhstan and holds leading positions in the world nuclear industry. …
China’s Ministry of Justice on Friday published a draft atomic energy law online to solicit public opinions. Identifying atomic energy as an industry of strategic importance, the eight-chapter draft law provides guidelines and rules for technology development, nuclear material recycle, atomic energy, safety management and international cooperation. It encourages companies to participate in the development …
