The Japanese firm Hitachi has shelved a planned new nuclear plant at the Wylfa site on Anglesey in Wales, leaving a large hole in the UK government’s climate and energy strategy. The news comes just months after the planned Moorside plant in Cumbria was scrapped by Toshiba, another Japanese conglomerate. Hitachi’s UK subsidiary, Horizon, has also suspended …
The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …
Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF and its Chinese partner in talks with the government on how to finance new reactors. Funding new nuclear plants has become critical as Hitachi became the second Japanese firm to say its British nuclear power project had …
China’s southern Guangdong province is on a spree constructing nuclear power plants, with the latest addition to the province’s nuclear plant cluster in the city of Huizhou, 90 kilometers northeast of Hong Kong. Six reactors there will generate 50 billion kilowatt-hours per year to quench the province’s thirst for electricity. The 120 billion yuan (US$17.74 billion) …
Happy New Year and thank you for your readership. We appreciate your interest!! Listed below are the most read articles on SIGHTLINE U3O8 in 2018. The Global X Uranium ETF resets their expectations – May 2, 2018 Uranium Demand: Is it coming or going? – February 6, 2018 UComps: Uranium Development Stage Projects: Show me the money? – October 4, …
Japanese firm Hitachi is set to cancel a £16 billion nuclear power station in Wales, leaving the long-term future of Britain’s energy sector in jeopardy. While no formal decision has yet been made, the Nikkei newspaper has reported that an impasse in months-long talks between the company, London and Toyko on financing is expected to result in …
Much more rests on the £19.6bn project to construct the Hinkley Point C nuclear power station in Somerset than the ability to power 6M homes. Everyone is bearing the pressure to get it right – from the shovel drivers at a nearby Somerset quarry who wash the wheels of their vehicles to ensure the quality …
Nuclear power provides roughly 20 percent of the United States’ electricity and about half of its low-carbon electricity. Whether you think nuclear power is a good or a bad thing, the fact is that the existing nuclear power fleet contributes a significant amount of energy to the US grid, and all that capacity is rapidly approaching …
Cameco Corp. (NYSE:CCJ) is the second-largest uranium miner in the world. We like uranium because the demand and supply is easier to keep track of than other commodities. The number of nuclear reactors is known and so are the places where the ore is mined. Uranium prices have rebounded strongly. We bought Cameco two years …
Two major players have made significant production cutbacks Denison Mines’ Wheeler River project could come online just as the market rebounds Wheeler’s Phoenix deposit could be the lowest cost uranium mining operation in the world The uranium market has significantly struggled since the Fukushima accident in 2011, which caused the nuclear power industry to retrench. …
