Weekly Reports |May 22 2018The spot uranium price jumped 5% last week to mark the biggest weekly move in six months.-Uranium spot price jumps 5%-US government sales suspension to be extended-Japan targets one fifth nuclear powerBy Greg PeelA total of 1.2mlbs U3O8 changed hands in the uranium spot market last week, industry consultant TradeTech reports, shaking the market out of its recent doldrums...Read More
Chugoku Electric Power Company has today requested permission from local governments to apply for pre-startup inspections of unit 3 at the Shimane nuclear power plant in Japan's Shimane prefecture. Construction of the 1373 MWe advanced boiling water reactor (ABWR) is nearing completion.Shimane 3 (Image: Hitachi-GE)Construction of Shimane 3 started in December 2005 and the unit had been scheduled t...Read More
The US Supreme Court is to consider whether federal law pre-empts Virginia's ban on uranium mining after finding in favour of a petition by Virginia Uranium, Inc against an earlier appeal court ruling. The court is expected to consider the question later this year.The latest round of court cases has centred on the contention by Virginia Uranium that the ban is based on concerns about radiation fr...Read More
(Bloomberg) - The U.S. Supreme Court agreed to consider overturning a ban on mining at the site of the nation's largest known uranium deposit, heeding calls from the Trump administration and the companies that own the Virginia land.Virginia Energy Resources Inc. and other companies contend in their appeal that the state ban runs afoul of the U.S. Atomic Energy Act. They say that law puts the subje...Read More
CENTENNIAL, Colo., May 21, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) (the "Company"), a U.S.-based energy materials company focused upon the exploration and development of new sources of graphite, lithium and uranium, commented today on the U.S Department of Interior's Critical Minerals List. For reference purposes, a full text of the Critical Minerals List can be found on the Federal Regis...Read More
Dominion Energy is to provide funding that could lead to commercialising the BWRX-300 small modular reactor (SMR), GE Hitachi Nuclear Energy (GEH) announced today. The 300 MWe reactor is derived from GEH's 1520 MWe Economic Simplified Boiling Water Reactor (ESBWR) design.Jon Ball, Executive Vice President of Nuclear Plant Projects for GEH, said the company was "thrilled" at Dominion's investment,...Read More
The European Commission and the Atomic Energy Organisation of Iran (AEOI) have confirmed their continuing commitment towards implementation of the Joint Comprehensive Plan of Action (JCPOA), following a visit by European commissioner for climate action and energy Miguel Arias Ca??ete to Tehran.Miguel Arias Ca??ete and Ali Akbar Salehi meet in Tehran (Image: European Union/EC-Audiovisual Service)"...Read More
TORONTO, May 18 (Reuters) - Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the United States deems essential to its economic and national security and wants to produce more of domestically.The Department of Commerce will use the list, which was published by the Interior Department on Friday and which confirms a draft issued in Februa...Read More
Innovation through collaboration was the key message of NNL SciTec 2018, the annual event hosted by the UK National Nuclear Laboratory (NNL) and held this week in Liverpool, England. That message, delivered by NNL Chief Science and Technology Officer Andrew Sherry, reflected the challenges he says the industry faces. NNL's Andrew Sherry speaking at SciTec 2018 (Image: NNL)While the oil, gas and o...Read More
US utility Dominion Energy has awarded Framatome a contract to provide steam generator services for its fleet of six nuclear power reactors. The inspection and maintenance work - scheduled to take place during outage over the next two years - will partly be carried out using robots.The "multimillion-dollar" contract covers steam generator inspections planned to take place during eight scheduled ou...Read More
Canada-based L3 MAPPS has been awarded a contract to upgrade the full scope operator training simulator it supplied for unit 1 of Belgium's Tihange nuclear power plant. Meanwhile, USA-based GSE Systems has been contracted to upgrade and provide simulators to Chinese reactors.The full scope simulator at Tihange 1 (Image: L3 MAPPS)L3 MAPPS was awarded a contract in December 2013 by Electrabel, itsel...Read More
Organisational and technical measures are needed to improve the safety of the Democratic Republic of Congo's research reactor, an International Atomic Energy Agency (IAEA) team of experts has concluded. TRICO-II, at the Kinshasa Nuclear Research Centre (CREN-K), has not been in operation since 2003. An Integrated Safety Assessment of Research Reactors (INSARR) peer review of CREN-K was held on 7-9...Read More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
Rosatom, the Russian state nuclear corporation, yesterday signed a series of agreements with overseas companies during the Atomexpo conference and exhibition being held this week in Sochi, Russia. The agreements, with Chile, China, Cuba, Finland, Hungary, Iran, Italy, Kazakhstan, Saudi Arabia, Serbia, Spain and Zambia, include the engineering and medical sectors, among others.Signing of the MoU be...Read More
The International Atomic Energy Agency (IAEA) has completed a three-year project to revamp its safeguards information technology system to be more effective in its work to ensure the peaceful uses of nuclear technology. IAEA safeguards are a set of technical measures to help prevent the non-peaceful use of nuclear material and technology.The EUR41 million (USD48 million) Modernisation of Safeguard...Read More
Canada's Nuclear Waste Management Organization (NWMO) has signed or renewed cooperation agreements with counterparts from five countries: Belgium, France, Sweden, Switzerland and the UK. The organisation has previously signed such agreements with nuclear waste management organisations in Finland, South Korea and Japan.NWMO's Swami (right), signs an agreement with Thomas Ernst, CEO of Nagra(Image:...Read More
A surge in new nuclear plants coming online is helping to build a sustainable global energy mix, reduce emissions and meet electricity demand, but more is needed, World Nuclear Association Director General Agneta Rising told the Atomexpo 2018 conference yesterday.World Nuclear Association Director General Agneta Rising at Atomexpo 2018 (Image: World Nuclear Association)Speaking on the opening day...Read More
Toronto, Ontario (May 15, 2018) - Mega Uranium Ltd. (TSX: MGA) announces that it has refiled its management's discussion and analysis ("Annual MD&A") and annual information form ("AIF"), in each case for the financial year ended September 30, 2017, and its management's discussion and analysis for three-month period ended December 31, 2017 ("Q1 MD&A"), at the request of the Ontario Securities Commi...Read More
VANCOUVER, British Columbia, May 14, 2018 (GLOBE NEWSWIRE) - ALX Uranium Corp. (TSXV:AL) (FSE:6LLN) (OTC:ALXEF) ("ALX" or the "Company") is pleased to announce the initial results of its inaugural diamond drilling program at the Newnham Lake Uranium Project ("Newnham Lake", or the "Project") located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east...Read More
The big picture of power availability in India stresses the importance of urgent action. The growing per capita power consumption along with high population growth rate, urbanization and rising middle class emphasises the critical importance of improving new power generation capacity.Continue reading...Read More