Bangladesh: Nod for Bangladesh’s second 1,200 Megawatt nuclear power plant

Construction work for Bangladesh’s second nuclear power plant will start soon with the Bangladesh Atomic Energy Regulatory Authority (BAERA) granting licence to the Bangladesh Atomic Energy Commission, said ASE Group of Companies, a part of Rosatom State Atomic Energy Corp (Rosatom). India will also participate in the Bangladesh nuclear power project in construction and installation work and supply …

New Brunswick should have second nuclear reactor: energy minister

New Brunswick’s energy minister says he’d like to see another nuclear reactor built in the Maritime province. Rick Doucet said the development of small modular reactors could present a significant economic and export opportunity. “Canada and New Brunswick have an opportunity to become world leaders in the SMR technology and into bringing a clean, new …

Why nuclear energy will fuel power-hungry China’s dreams of national rejuvenation

Wenyuan Wu says given China’s pressing energy needs and its drive to reduce carbon emissions, the country has no choice but to invest heavily in nuclear power. China is well on its way to reaching its carbon reduction goals ahead of time after years of structural economic change that emphasised shifting to low-carbon hi-tech sectors. A recent …

China’s CGN eyes stake in UK nuclear stations

Beijing-run giant seeks 49% holding in eight plants. The Chinese government is in early-stage talks to buy a big minority stake in Britain’s fleet of nuclear power stations, The Sunday Times can reveal. China General Nuclear (CGN), the country’s state-run nuclear giant, is understood to have made an approach about acquiring a share of up …

L.YCA – Yellow Cake plc Closing of IPO and Receipt of Uranium

Yellow Cake, a specialist company operating in the uranium sector with a view to hold long term physical uranium ( “U3O8“), is pleased to announce that following the placing and subscription of approximately 76 million ordinary shares (the “Offering”) and  admission to the AIM market of the London Stock Exchange (the “Admission” together with the …

T.NXE’s winter assays confirm uranium mineralization in newly discovered areas

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for all fifty-four holes from our recently concluded winter drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. Assays have confirmed uranium mineralization was intersected in areas representing significant step outs to the northeast and northwest …

Pay cut for Vimy board and executives

The board of uranium explorer Vimy Resources has given its members a haircut and slashed executive pay just months after wrapping up a feasibility study on the company’s flagship Mulga Rock project, 240km north-west of Kalgoorlie-Boulder. Non-executive directors will take a 10 per cent pay cut from this financial year. Meanwhile executive remuneration could also …