Uranium stocks Articles

Ukraine discusses 'energy bridge' with European Parliament

Jul 16, 2018 / World Nuclear News

Ukrainian nuclear power plant operator Energoatom has explained to the European Parliament the benefits of supporting the 'energy bridge' project. Ukraine expects to start supplying electricity to the EU network via the so-called energy bridge as early as next year, and to complete the project by 2025.Nedashkovsky (second from left) and Dombrovsky (right) at the European Parliament (Image: Energoa...Read More

Yangjiang 5 enters commercial operation

Jul 13, 2018 / World Nuclear News

Unit 5 of the Yangjiang nuclear power plant in China's Guangdong province has completed commissioning tests and now meets the conditions for entering commercial operation, China General Nuclear (CGN) announced yesterday. The unit is the first ACPR1000 reactor to be built and the first Chinese unit to feature a domestically-developed digital control system.The control room of Yangjiang unit 5 (Imag...Read More

Contract for Hinkley Point C reactor internals

Jul 13, 2018 / World Nuclear News

koda JS of the Czech Republic will manufacture and supply two sets of EPR reactor pressure vessel internals for the Hinkley Point C nuclear power plant project in the UK under a contract signed with France's Framatome. The contract - the value of which was not disclosed - includes the core basket, heavy reflector and the upper internals.The core basket is a welded and machined stainless steel stru...Read More

Austrian case against Hinkley Point C aid rejected

Jul 12, 2018 / World Nuclear News

The General Court of the European Union today dismissed a lawsuit filed by Austria, supported by Luxembourg, against the European Commission's approval of state aid for the planned Hinkley Point C nuclear power plant in the UK. The court said the Commission "did not err" in accepting the UK's stance that construction of the plant is in the British public's interest.An artist's impression of how Hi...Read More

UK's post-Brexit nuclear plans face scrutiny

Jul 12, 2018 / World Nuclear News

The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation until 14 September on draft regulations that aim to enable a domestic nuclear safeguards regime following the UK's withdrawal from the European Atomic Energy Community (Euratom) as part of its departure from the European Union.Meanwhile the House of Lords EU Energy and Environment Sub-Committee yesterd...Read More

Uranium outlook decidedly mixed, says Liberum, favours Yellow Cake

Jul 12, 2018 / Alastair Ford

UK broker Liberum has sounded a note of caution about the future supply-demand balance in the uranium market.In a detailed 11-page research note Liberum set out its case that although demand for uranium from new power stations is likely to be material, the rise of renewables and an increasing tendency to favour gas-powered electricity generation will mitigate against any significant breakout in th...Read More

Funding for US advanced nuclear technology projects

Jul 11, 2018 / World Nuclear News

The US Department of Energy (DOE) has selected nine projects to receive almost USD20 million in funding for cost-shared research and development for advanced nuclear technologies. These awards are the second group selected under a DOE Office of Nuclear Energy's funding opportunity for cost-shared projects to develop innovative, industry-driven reactor designs and accompanying technologies with hig...Read More

Bruce Power, Rolls-Royce deepen digital collaboration

Jul 11, 2018 / World Nuclear News

British engineering group Rolls-Royce has signed a memorandum of understanding with Canada's Bruce Power to deepen their cooperation in digital technology. The agreement expands the two companies' T-104 programme, under which Rolls-Royce's T-104 technology has been implemented to optimise the operational lifetime of Bruce Power's nuclear power plants as part of Bruce's Life-Extension Programme.The...Read More

Plasma plant starts operations in Bulgaria

Jul 10, 2018 / World Nuclear News

A plasma melting facility at Bulgaria's Kozloduy nuclear power plant has started operations, heralding a breakthrough in nuclear waste disposal to boost the decommissioning process, the European Bank for Reconstruction and Development (EBRD) announced today. Decommissioning work is under way at four of Kozloduy's six units (Image: EBRD)The technology allows for treatment of waste with a minimum ri...Read More

Yellow Cake makes first uranium purchase

Jul 09, 2018 / World Nuclear News

Kazakh uranium producer NAC Kazatomprom has made its first delivery to London-based Yellow Cake plc under a long-term contract between the two companies. The sale follows Yellow Cake's floatation on the London Stock Exchange's AIM market and represents more than a quarter of Kazatomprom's 2018 uranium production.Yellow Cake was founded by Bacchus Capital as a specialist company to operate in the u...Read More

Bangladesh issues construction licence for Rooppur unit 2

Jul 09, 2018 / World Nuclear News

The Bangladesh Atomic Energy Commission (BAEC) has formally received a design and construction licence for Rooppur unit 2. It received an equivalent licence for unit 1 in November last year and construction work started on that unit soon afterwards. The licence for Rooppur unit 2 has been issued (Image: Rosatom)ASE Group, the engineering subsidiary of Russia's Rosatom, announced issuance of the li...Read More

Oldest nuclear plant in the U.S. to disappear by the end of the century

Jul. 7, 2018, 2:01 PM / Valentina Ruiz Leotaud

The Oyster Creek nuclear plant, located near the New Jersey shore, will be completely dismantled between 2075 and 2078.Even though the closure of the 50-year-old plant will take place by the end of 2018, officials with the US Nuclear Regulatory Commission announced this week that it will take much longer to completely shut it down.During a press briefing, the NRC said that the facility will stop p...Read More

Urenco to enrich reprocessed uranium

Jul 06, 2018 / World Nuclear News

Urenco is to provide enrichment services to EDF to support the recycling of uranium recovered from used nuclear fuel in French nuclear reactors under a new contract announced yesterday.Dominique Minire, EDF Group senior executive vice president for nuclear and thermal, and Urenco CEO Thomas Haeberle, at the signing ceremony (Image: Urenco)The "high value and long-term" contract covers the enrichme...Read More

Rio Tinto says synergies, no Brexit behind decision to move sales team to Germany

Jul. 5, 2018, 7:51 AM / Cecilia Jamasmie

World's second largest miner Rio Tinto (ASX, LON:RIO) said its recent decision to consolidate the sales and marketing teams in London and other European countries into one located in Frankfurt, Germany, had less to do with Brexit than with "synergies."In an interview with Australian Financial Review (subs. needed), chief executive Jean-Sbastien Jacques said the plan was part of a wider reorganizat...Read More

S. Africa seeks re-opening of shuttered mines to boost economy

Jul. 5, 2018, 6:40 AM / Bloomberg News

South African mines that are on care and maintenance are bad for the economy and the issue is being raised with the Minerals Council, Mineral Resources Minister Gwede Mantashe said.The Department of Minerals and Energy has been to 11 mining areas to obtain feedback on the mining charter, Mantashe said at the opening of Sasol Ltd.'s Shondoni Colliery in Secunda in Mpumalanga province.The government...Read More

Uranium trader Yellow Cake debuts on AIM after raising £150mln in its IPO

Jul 05, 2018 / Tom Howard

Uranium trader Yellow Cake PLC (LON:YCA) has made its debut on AIM this morning (Thursday July 5).Yellow Cake - a nickname for uranium - is backed by Bacchus Capital, the corporate finance boutique set up in 2016 by a group of senior bankers led by Peter Bacchus.The company reckons Uranium is structurally mis-priced and will make its money from stockpiling the radioactive metal, commodity streamin...Read More

Assystem to assess potential Saudi sites

Jul 04, 2018 / World Nuclear News

French engineering group Assystem is to conduct site characterisation and impact studies for Saudi Arabia's first nuclear power plant under a contract from the King Abdullah City for Atomic and Renewable Energy (KA-CARE). The contract was awarded recently following an international call for tenders launched by KA-CARE.Assystem said the services to be provided under the contract include site charac...Read More

Spanish cattle farmers are worrying about nearby uranium mines

Jul. 3, 2018, 11:41 AM / Bloomberg News

(Bloomberg) - Berkeley Energia, the Australian company developing the project on land near Salamanca, says it's reviving Spain's grand mining tradition as it begins uranium production at a time when the global energy industry faces higher prices over the long term for the radioactive metal used to power nuclear plants. While Berkeley expects its Spanish uranium mine to be in production by the end...Read More

Japanese Cabinet approves new basic energy plan

Jul 03, 2018 / World Nuclear News

A new basic energy plan that sets goals for Japan's energy mix to 2030 and presents scenarios to 2050 was today approved by the Cabinet. Under the plan, nuclear will remain a key energy source, accounting for 20-22% of the country's electricity generation up to 2030.The Japanese government revises its energy plan about every three years. The plan is formulated based on the Basic Energy Policy Law...Read More

NDA to take over management of Magnox sites

Jul 03, 2018 / World Nuclear News

Magnox Limited - operator of former Magnox nuclear power plant sites in the UK - will become a subsidiary of the Nuclear Decommissioning Authority (NDA) from September 2019. Last year, NDA decided to terminate its contract with Magnox Ltd for managing the sites.Trawsfynydd, one of the sites managed by Magnox Ltd (Image: Magnox Ltd)Magnox, owned by Cavendish Fluor Partnership (CFP), is the manageme...Read More