Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the ore body revealed weaker than expected results. While the mine yielded more than 50,000 tonnes copper in the three months to Sept. 30, which was …
Floating nuclear power plant (FNPP) “Akademic Lomonosov” operated by Rosenergoatom (Electric Energy Division of Rosatom) currently covers over 50% of electric energy demand in the Chukotka Autonomous Region, Kirill Klimenko, representative of Rosenergoatom’s Department for FNPP Construction and Operation, told IAA PortNews. He reminded that FNPP was put into operation on 22 May 2020 with …
The solar panels outside the visitor’s center in Blanding, Utah produce enough electricity that the city can sell some of that power back to the grid, according to City Manager Jeremy Redd. But that’s only when the sun is shining. “You have intermittent sources of power and I think those are super important, and I …
The Bugey power plant is the oldest in France still operating at full capacity. After 40 years, the nuclear power station, located to the east of Lyon, still provides 2,000 jobs and accounts for 7 percent of national nuclear production. In 15 years, two of its four reactors could be shut down but in the …
The US Department of Energy has approved a cost-share award of more than USD1 billion for the construction of the first NuScale small modular reactor power plant in the USA. Meanwhile, the US International Development Finance Corporation has signed a Letter of Intent to support NuScale in the development of nuclear generating capacity in South …
A “solid group” of 10-12 countries building nuclear power plants for the first time will emerge in the next decade, International Atomic Energy Agency Director General Rafael Mariano Grossi told OECD Nuclear Energy Agency Director General William Magwood in a WebChat last week. Bangladesh, Belarus, Egypt, Turkey and the UAE are among the nuclear newcomers, …
Commentators believe demand for local major exports will likely increase as the country pins its hopes on international trade and world output to recover from a disastrous 2020. According to Postrick Mushendami, deputy director of macro models and financial stability at the Bank of Namibia, the global economy is projected to rebound by close to …
NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICESSaskatoon, Saskatchewan, Canada, October 16, 2020 Cameco (TSX: CCO; NYSE: CCJ) announced today that it has priced a private placement of senior unsecured debentures (the “Offering”) consisting of $400 million principal amount of 2.95% Senior Unsecured Debentures, Series H maturing on October …
A proposed amendment to Spain’s draft climate change and energy transition bill that would prohibit the exploration and extraction of uranium is unconstitutional, says Berkeley Energia. The Australian-based company is at an advanced stage in licensing its Salamanca uranium mine. The draft bill was originally presented to the Spanish Parliament in May 2020. A series …
The Canadian government is investing CAD20 million (USD15 million) of federal funds to accelerate development of Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) power plant. Small modular reactors (SMRs) are expected to play a key role in the country’s efforts to achieve net-zero greenhouse gas emissions by 2050 and in providing economic benefits as it …