Uranium stocks Articles

Miners wrote off almost one-third of investments over last decade

Jul. 19, 2018, 3:43 AM / Cecilia Jamasmie

While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top 4...Read More

IAEA launches Nuclear Science Education programme in Asia Pacific

Jul 19, 2018 / Staff reporter

Last month, an IAEA initiative aimed at secondary school science teachers took off in Indonesia. The aim? To equip teachers to inspire a new generation of nuclear scientists and engineers by engaging students and enhancing their understanding of nuclear science and technology. This is the first time that the IAEA formally engages with the secondary education teaching community.A course for 26 educ...Read More

US government to investigate uranium imports

Jul 19, 2018 / World Nuclear News

At the request of two domestic uranium producers, the US Department of Commerce (DOC) has launched an investigation into whether "the present quantity and circumstances" of uranium imports threatens national security. However, the US nuclear energy industry has warned that a suggested quota on imports would have a significant financial impact on the country's reactor operators.The department said...Read More

SNC-Lavalin, Holtec create decommissioning JV

Jul 19, 2018 / World Nuclear News

SNC-Lavalin and Holtec International group have formed a USA-based joint venture company to work on the accelerated decommissioning of retired nuclear power plants. The new company, Comprehensive Decommissioning International (CDI), is headquartered in Camden, New Jersey.In separate statements yesterday, they said CDI is equipped to cut the total time elapsed to release plant sites for unrestricte...Read More

Trade war spills into uranium as U.S. weighs import tariffs

Jul. 18, 2018, 11:03 AM / Reuters

(Bloomberg) - The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.The Commerce Department said Wednesday it will probe "whether the present quantity and circumstances of uranium ore and product imports into the U.S. threaten to impair the national security." The probe will cover the...Read More

BHP posts record annual iron ore output, beats Q4 forecasts

Jul. 18, 2018, 5:38 AM / Reuters

Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year.Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity."BHP's FY18 production was in line with or slightly better than our expectations in all m...Read More

Peru unit of Plateau Energy finds one of 'world's largest' lithium resource

Jul. 18, 2018, 3:14 AM / Cecilia Jamasmie

Macusani Yellowcake, the Peruvian subsidiary of Canada's Plateau Energy Metals (TSX-V: PLU) has found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani hard rock deposit, in the region Puno.Ulises Solis, general manager of the unit, told local paper El Comercio (in Spanish) the find suggested the project could end up becoming one of the...Read More

IAEA praises Niger's progress on nuclear programme

Jul 18, 2018 / World Nuclear News

Niger has a strong commitment to developing the infrastructure for a nuclear power programme, an International Atomic Energy Agency (IAEA) mission team has concluded in its final report. The report from the mission - conducted in April - was submitted to the Nigerien government on 16 July.IAEA Deputy Director General Chudakov (left) presented the final INIR mission report to Nigerien Energy Minist...Read More

Rovno unit 3 gets 20-year licence extension

Jul 18, 2018 / World Nuclear News

The State Nuclear Regulatory Inspectorate of Ukraine (SNRC) has approved the extension by 20 years of the operating licence for unit 3 of the Rovno nuclear power plant. The approval, which was granted by SNRC's board on 16 July, means the unit can operate until 11 December 2037. The regulator approved 20-year licence extensions of Rovno 1 and 2 in December 2010.The four-unit Rovno plant (Image: En...Read More

Investment in new nuclear declines to five-year low

Jul 17, 2018 / World Nuclear News

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.Total global energy investment totalled USD1.8 trillion last year, a 2% de...Read More

Westwater Resources Applauds U.S. Government's Actions on Materials Imports from China

Jul 17, 2018 / Staff reporter

Levels Playing Field for American Developers and Producers Promotes Environmentally Sustainable Domestic MiningCENTENNIAL, Colo., July 17, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, released the following statement from Christopher M. Jones, President and Chief Executive Officer of Westwater:"United States Trade Represen...Read More

Jul 17 Uranium week: Japan moves forward

Jul 17 2018 / Greg Peel

Weekly Reports |Jul 17 2018Japanese government approval of a 2030 energy mic target implies acceleration of reactor restarts and/or new reactor builds.-Uranium spot price ticks higher-Utility demand remains muted-Japan sets 2030 nuclear energy goalBy Greg PeelThe uranium market was back in business last week following what was effectively a holiday week with the US Independence Day break in the mi...Read More

Construction starts on second Bangladeshi reactor

Jul 16, 2018 / World Nuclear News

First concrete for the foundation of unit 2 of the Rooppur nuclear power plant in Bangladesh was poured during a ceremony on 14 July. A construction licence for the Russian-supplied reactor was issued by the Bangladesh Atomic Energy Regulatory Authority on 8 July.Concreting of the basemat of Rooppur unit 2 gets under way (Image: Rosatom)The first concrete pouring ceremony was attended by Banglades...Read More

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