Saudi-Russian Agreements Result with Two Nuclear Reactors in 2018

Saudi Arabia’s King Salman bin Abdulaziz Al Saud stressed his keenness to develop bilateral relations between Riyadh and Moscow, reiterating the need to bolster cooperation between the two countries in the field of energy. This came during the meeting between King Salman and Russian Minister of Energy Alexander Novak. Minister of Energy, Industry and Mineral …

Growth in Renewables Matching U.S. Nuclear Generation

A business group geared toward sustainable energy says renewable sources of energy for the first time are generating nearly as much power as the entire fleet of U.S. nuclear reactors. The Business Council for Sustainable Energy (BCSE), along with Bloomberg New Energy Finance, on February 15 released the sixth edition of its Sustainable Energy in America …

Paladin Energy Ltd is back to being the ASX’s largest pure-play uranium producer

Paladin Energy Ltd (ASX:PDN), the world’s 8th largest uranium company, is back trading on the ASX today. The company regains its crown as the largest pure-play uranium producer trading on the ASX. Its reinstatement to official quotation follows the successful completion of a recapitalisation. Paladin currently sells uranium concentrates from the operating Langer Heinrich Mine (LHM) …

T.EFR: Announces Management Streamlining

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that, following the recent appointment of Mark S. Chalmers as President and Chief Executive Officer (“CEO”), the Company has made certain changes to its management team. Mr. David C. Frydenlund, the Company’s previous Senior Vice President, General Counsel and …

Keeping Score of Canada’s Infamous Uranium Reservoir – The Athabasca Basin

EXCLUSIVE TO SIGHTLINE|U3O8 – Anyone who follows the uranium market is familiar with Canada’s legendary Athabasca Basin (the “Basin”) – host to the “world’s richest uranium deposits with U3O8 grades reaching 10 times that seen around the rest of the world”. Most, however, may not be familiar the true bounty of the region’s uranium stores …

Japan’s plutonium glut casts a shadow on renewed nuclear deal

TOKYO — The decision Jan. 16 to automatically extend a nuclear agreement with the U.S. came as a relief to a Japanese government worried about the prospect of renegotiating the basis for a cornerstone of its energy policy. But friction remains over a massive store of plutonium that highlights the problems with the nation’s ambitious …

France’s Macron does not rule out building new nuclear reactors

PARIS, Feb 13 (Reuters) – French President Emmanuel Macron said on Tuesday he would not rule out France building new nuclear reactors to replacing state-controlled utility EDF’s ageing reactors. “There is no taboo about this subject,” Macron told reporters. Macron said he remained committed to reducing France’s carbon emissions and his promise to close coal-fired …

A.BKY: to bring Salamanca on stream just as uranium market tips into deficit

The flagship asset of Berkeley Energia Ltd (LON:BKY)(ASX:BKY) is the Salamanca uranium project in Spain. The plan is to build this project into one of the world’s lowest cost uranium mines, capable of generating strong after-tax cash flows that will be robust even at low uranium prices. A recently-completed definitive feasibility study demonstrated that over an initial …

Slovakia’s Mochovce nuclear power station closer to completion

The completion of the third and fourth units of the nuclear power station in Mochovce in south-central Slovakia is closer to completion. The dominant power producer and operator of the nuclear station in Mochovce, Slovenské Elektrárne, has connected the third unit to the national grid. This connection now serves as the main source of electricity …

China nuclear reactor delayed again on ‘safety concerns’

Fuel loading at the world’s first Westinghouse-designed AP1000 nuclear reactor on China’s east coast has been delayed due to “safety concerns” — the latest in a long line of setbacks for the project. Officials with the U.S.-based Westinghouse had expected fuel loading to start last year, and it would have been followed by around six …