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 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
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
(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 en...Read More
Boss Resources has launched a three-phase restart strategy for the Honeymoon uranium project in South Australia, which it acquired in December 2015. The company said today it has de-risked the project commercially and technically, and has already begun work on the first phase of the programme which will take it to the point where it is ready to resume production.Phase 1 of the restart strategy inc...Read More
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
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
A team of International Atomic Energy Agency (IAEA) experts has completed a review of the United Arab Emirates' overall nuclear energy infrastructure, the first ever Integrated Nuclear Infrastructure Review (INIR) conducted for a country in the final phase of the Agency's Milestones approach to infrastructure development.Kovachev, on the left, and FANR Deputy Director of Operations Raoul Awad (Ima...Read More
The International Energy Agency (IEA) has held a high-level meeting to identify the key issues faced by nuclear energy and to explore its future. Under current policies, together with limited investment in new reactors, nuclear's contribution to the energy mix in developed economies is set to decline significantly, the meeting heard.Attendees at the IEA high-level meeting (Image: IEA)"For more tha...Read More
Bruce Power and ITG, a subsidiary of radiopharmaceutical technology company ITM Isotopen Technologien M? 1/4 nchen (ITM), have launched a joint effort to explore the production of the medical radioisotope lutetium-177 (Lu-177) at Bruce Power's Candu reactors.ITM's Mark Harfensteller, seated at left, signs the MoU with Bruce's James Scongack, front centre. Also shown are Bruce Power's Pat Dalzell a...Read More
Non-electric applications powered by nuclear energy offer increased energy efficiency and represent sustainable solutions for a number of energy challenges current and future generations will have to face. There is growing interest in increasing nuclear energy efficiency by using heat and other forms of energy generated by nuclear power plants as a by-product for seawater desalination, hydrogen pr...Read More
EDF and Veolia are to co-develop robotic solutions for dismantling gas-cooled reactors and for vitrifying radioactive waste in France and worldwide, under a partnership agreement announced on 26 June. The deal is one of a set of official cooperation agreements EDF has signed with European partners in the decommissioning and radioactive waste management sector.Jean-Bernard L?(C)vy, on the left, and...Read More
Energy Fuels Inc (TSE:EFR, NYSE:UUUU) is mulling using recent cash raised to pay off long term debt as well as to finance vanadium production activities.The miner was added to the Russell 3000 index on June 25, and since May 11 has seen strength in its share price and increased volumes.READ: Uranium miner Energy Fuels joins Russell 3000 IndexBetween those dates it raised $16 million through...Read More
India's space program wants to go where no nation has gone before -- to the south side of the moon. And once it gets there, it will study the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.The nation's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and analyze crust samples for signs of water a...Read More
For the foreseeable future, most new nuclear power technologies will still run, wholly or partially, on uranium, so it is important that this vital resource is mined, produced and managed sustainably, International Atomic Energy Agency (IAEA) Director General Yukiya Amano said this week. It is also essential to take full account of environmental concerns, "both to ensure public acceptance today an...Read More
A group of 75 senior US figures, including former statesmen, military, industrial and academic leaders, have written to Energy Secretary Rick Perry imploring him to take immediate action to prevent the closure of reactors, citing the contribution of nuclear power to national security. Meanwhile, the US Senate has passed a 2019 appropriations bill providing USD1.2 billion for nuclear energy program...Read More
Russia's Rosatom and the Ministry of Infrastructure of Rwanda have signed a Memorandum of Understanding on cooperation in the peaceful uses of nuclear energy. The document was signed on 22 June by Rosatom Deputy Director General Nikolay Spassky and Ambassador Extraordinary and Plenipotentiary of the Republic of Rwanda to the Russian Federation Jeanne d'Arc Mujawamariya.Spassky and Mujawamariya at...Read More
Outlines Development of Battery-Graphite Manufacturing Business in Alabama Producing Advanced, High Quality and High Margin Graphite Products for Battery ManufacturersCENTENNIAL, Colo., June 26, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), a green energy materials development company, announced today that it has issued its business plan for producing advanced gr...Read More
Weekly Reports |Jun 26 2018Following a recent burst of activity, volatility in the uranium market has waned once more.-Volume reasonable but volatility diminished-Uncertainty persists-New age reactor completes testingBy Greg PeelVolume in the uranium spot markets was a bit lower last week than the week before but not unreasonable, with 1.3mlbs U3O8 equivalent changing hands in eight transactions,...Read More
China National Nuclear Corporation subsidiary CNLA and Orano Projects, a subsidiary of French nuclear company Orano, have agreed on preparatory works for a Chinese plant to process and recycle used nuclear fuel, Orano announced today. Orano is also reported to be planning investments in its French uranium conversion facility.Prime Minister Edouard Philippe arriving in Shenzhen on 22 June (Image: F...Read More