Egypt’s Nuclear and Radiological Regulatory Authority (ENRRA) has approved the site of al-Dabaa in the first step of the licensing process required to build a nuclear station. The ENRRA oversees nuclear activities in Egypt to ensure the safety and security of people, property and the environment from the risk of radiation. The nuclear power station at al-Dabaa will be built …
Uranium miner Cameco (TSX:CCO,NYSE:CCJ) received an important approval from the Australian Federal Department of Environment and Energy last week to advance the Yeelirrie uranium site. Located in the remote Northern Goldfields region of Western Australia, Yeelirrie is one the country’s largest undeveloped uranium deposits. Cameco acquired the project in 2012 from BHP (ASX:BHP,NYSE:BBL,LSE:BHP) and was …
Cameco (TSX: CCO; NYSE: CCJ) has received a decision from the Tax Court of Canada on its application to recover substantial costs incurred in its dispute of reassessments with Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years. Cameco has been awarded $10.25 million for legal fees incurred, plus an amount for …
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce the acceptance of a Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission (“CNSC”) and the Saskatchewan Ministry of Environment (“MOE”). The acceptance marks the commencement of an Environmental Assessment (“EA”) on the Rook I Project (the “Project”) in accordance with …
“Rising demand and constrained supply, together with the steady run-off of long-term contracts has created a positive price environment” Physical uranium stockpiler Yellow Cake PLC (LON:YCA) said the recent pullback in spot prices presented a good buying opportunity as it remained confident in the long-term outlook for the radioactive metal. The global spot uranium price softened to …
The Japanese-French consortium that agreed to build a nuclear power plant in Turkey is set to abandon the project, a former nuclear inspector at the International Atomic Energy Agency said in an analysis for Greek newspaper Kathimerini on Thursday. The plant, set to be built with four reactors in Sinop province along the Black Sea, …
Shin Kori 4 achieved first criticality – a sustained chain reaction – on 11 April. KHNP said today the 1340 MWe pressurised water reactor (PWR) was connected to the grid at 5:40pm on 22 April, marking the start of electricity supply from the unit. The power level of Shin Kori 4 will now be gradually increased …
Japan’s nuclear regulator decided Wednesday not to let power companies operate reactors if they fail to install sufficient counterterrorism measures by specified deadlines. The decision by the Nuclear Regulation Authority came after three utilities that operate five nuclear plants in western and southwestern Japan requested that their deadlines be extended as they expect delays in …
Kazakhstan, the world’s largest producer of uranium, is looking at scaling up its supply of the key energy source to India from 5,000 tonnes during 2015-19 to more than 7,500 tonnes over the next five years, Kazakh ambassador Bulat Sarsenbayev said on Wednesday. The Central Asian nation, with the second largest uranium reserves or almost …
The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …