Steady growth in nuclear generation continues

Global nuclear power generation in 2017 increased for the fifth consecutive year, reaching 2506 TWh, according to a new World Nuclear Association report. The Association says the industry is on target to meet the near-term goals of its Harmony programme. In the World Nuclear Performance Report 2018, the Association details power generation and construction achievements for the …

China’s plan to become a nuclear energy powerhouse

If China achieves the targets outlined in its Energy Development Strategy Action Plan, it will become the world’s nuclear energy leader and fundamentally change the global trajectory of the nuclear power industry. The big picture: It’s not a foregone conclusion that China will follow through on its plans, especially with the public resistance stemming from the …

Chinese AP1000 reaches full power operation

Unit 1 of the Sanmen nuclear power plant in China’s Zhejiang province has reached full power operation for the first time. The unit became the world’s first AP1000 to achieve grid connection and power generation. Sanmen 1 reached 100% power for the first time at 2.10pm today, China National Nuclear Corporation and State Nuclear Technology …

T.EFR Significantly Strengthens Uranium Position in Wyoming through Acquisition of Royalties; Provides State with Notice of Intent to Repay Debt 

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium and vanadium in the United States, is pleased to announce that it has completed the previously announced acquisition from Excalibur Industries (“Excalibur”) of royalties on the Company’s 100%-owned Nichols Ranch in situ recovery (“ISR”) project in Wyoming …

Rosatom seeks to boost cooperation in Eurasia

Rusatom International Network – a subsidiary of Russian state nuclear corporation Rosatom – has signed a memorandum of understanding and cooperation with the Eurasian Development Bank (EDB). The memorandum provides for establishing common principles of bilateral cooperation with Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. The agreement was signed on 10 August by Alexander …

Russia on an international offensive to sell its nuclear plants

Russia is stepping up its overseas sales of nuclear power plants, with state-run nuclear energy company Rosatom agreeing in July to cooperate in building a plant in the Central Asian country of Uzbekistan and reaching an accord with China to build a plant in that country. Russia accounts for 67% of the world’s nuclear plant deals currently in development. By 2030, Rosatom aims …

IAEA Unveils Unique World Uranium Map

The IAEA has launched a comprehensive, online interactive and integrated digital map of the world’s uranium distribution and deposits. This second edition of World Distribution of Uranium Deposits was developed with contributions from the Saskatchewan Geological Survey, the Geological Survey of South Australia and the United States Geological Survey. This edition classifies information by types …

New nuclear reactor being built in western Japan applies for safety checks

Chugoku Electric Power Co. on Friday applied to the government for safety screening of a nuclear reactor it is constructing, opening up the possibility of it becoming Japan’s first newly built reactor to go into operation since the 2011 Fukushima crisis. Work on the No. 3 unit at the Shimane plant in Matsue, Shimane Prefecture, …

Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …