Yellow Cake posted a maiden annual profit of $29.7m as the value of its uranium holdings increased by 22% to $217.4m. The specialist uranium company purchased just over 8.4m pounds of the substance from Kazakh giant Kazatomprom over the 12-month period ended 31 March, its first full year as a publicly traded company, having raised £151m from …
President Moon Jae-in’s policy to phase out nuclear energy from Korea’s power planning is sparking concerns over leaks in core technologies for nuclear reactors, industry analysts said Tuesday. The analysts said the risks of a further nuclear power technology leak are growing because an increasing number of nuclear scientists and engineers at Korea Hydro & …
The outer safety dome has been installed on the containment building of unit 2 at the Karachi nuclear power plant in Pakistan. The unit is the first of two Chinese-supplied Hualong One reactors being built at the site. The steel dome – measuring about 53 metres in diameter and over 23m in height, and weighing …
Poland and the U.S. signed Memorandum of Understanding concerning the cooperation in the use of nuclear energy for civil purposes. This Memorandum expresses both parties’ readiness to cooperate in the Polish nuclear energy program, the Chancellery of the Prime Minister said in a statement. The parties expressed e.g. their will to jointly define the conditions …
The second unit of the Novovoronezh II nuclear power plant south of Moscow has gone into pilot commercial operation, Rosenergoatom, Russia’s nuclear utility, has said. The reactor is a VVER-1200, the Russian nuclear industry’s flagship product as it seeks to expand its sales abroad. The new Novovoronezh reactor represents only the third of these reactors …
Kazatomprom CEO Galymzhan Pirmatov says he is “concerned” that more US reactors would be forced to close if the Trump administration were to introduce tariffs and force utilities to buy at least one-quarter of their uranium from domestic miners, the Financial Times reported yesterday. The US Department of Commerce (DOC) on 15 April submitted to …
CNNC Chairman Yu Jianfeng met with Roberto Adinolfi, chief executive officer of Ansaldo Nucleare in Genoa, Italy, on June 10. During the meeting, Yu stressed that China, as a major nuclear power, is in a strong position to develop nuclear energy. As a major Italian producer and supplier of nuclear power equipment and equipment for …
The New South Wales deputy premier has renewed calls for nuclear energy, saying it’s “the only way” forward. A new report by the Minerals Council of Australia is calling for legislated discrimination of uranium to be repealed. Alan Jones says this is the biggest issue facing Australians right now. “There is no denying the urgency …
The Nuclear New Build 2019 conference took place in London on 11-12 June, bringing together the nuclear industry from the UK and elsewhere. The Nuclear New Build 2019 conference took place in London on 11-12 June, bringing together the nuclear industry from the UK and elsewhere, including delegations from China and the US. The conference …
The nation’s government intends partnering with Rosatom to add nuclear energy to Nigeria’s energy mix in bids to address the country’s power challenges. Speaking to a local publication, The Nation, Rosatom’s central and southern Africa CEO, Dmitry Shornikov, revealed that Nigeria is making steady progress on the matter. “This is evident by the agreement which …
