February 9th, 2017
China’s rapid expansion in nuclear power capacity will see it overtake the U.S. as the world’s largest nuclear generator by 2026, Bloomberg reported January 31, citing new research from Fitch subsidiary BMI Research.
China brought online 8 GW of nuclear power in 2016 and is predicted to triple its installed nuclear capacity to nearly 100 GW by 2026, BMI analysts said in a note.
China has 20 reactors currently under construction, according to the International Atomic Energy Agency (IAEA). Another 176 are either planned or proposed, according to the World Nuclear Association (WNA).
In contrast, U.S. nuclear capacity is forecast to hover at around 100 GW in the coming years, with new plant capacity offset by early closures of several reactors on the back of wholesale power price pressures.
February 16th, 2016
On Monday, the South Australian royal commission released its tentative findings, which backed nuclear fuel storage and left the door open to further uranium mining and processing but came down against the use of nuclear power for electricity generation.
The findings said a nuclear storage and disposal facility would be commercially viable and South Australia could store nuclear waste as early as the late 2020s. It suggested the state set up a sovereign wealth fund “to accumulate and equitably share the profits from the storage and disposal of waste”.
The royal commission said uranium processing could not be developed in the next decade as a standalone industry as the market was already oversupplied and uncertain, but fuel leasing, which links uranium processing with its eventual return for disposal, is more likely to be commercially attractive.
February 9th, 2016
India’s new policy clears the way for India to deliver on its plan to increase electricity generation from nuclear by over 300% from 7 gigawatts (GW) today to 31 GW in 2025. And India’s nuclear energy growth accelerates from there to a planned 63 GW of power to be generated by 2032 and 270 GW by 2050, at which time nuclear would provide 25% of the country’s electricity requirements. India’s nuclear energy growth plan rivals that of China; India has 21 nuclear reactors operating and 6 under construction – and negotiations are reported to be underway for the construction of at least 12 more – on the way to achieving these ambitious targets. – See more at: http://investorintel.com/uranium-energy-intel/india-removes-major-obstacle-to-growth-of-its-nuclear-industry/#sthash.rUHjvp0F.dpuf
February 3rd, 2016
February 2nd, 2016 8:47 am| by Christian W
The Danish government and Greenland have released a press release today confirming their agreement concerning the future mining and exportation of uranium from the Arctic island.
The foreign minister, Kristian Jensen, said the deal sent a strong signal regarding the co-operation between Denmark and Greenland and its Commonwealth in general.
“I am pleased that we have landed four important agreements concerning Denmark and Greenland’s co-operation regarding the mining and exportation,” Jensen said.
“It means that Greenland can continue in it efforts to expand its mining activities, while we adhere to our international duties and ensure that Greenland’s uranium exports live up to the highest possible international standards in terms of the peaceful and civil use of uranium.”
READ MORE: Denmark and Greenland agree uranium export deal
Four part deal
The four agreements in the uranium deal are:
– a general co-operation agreement regarding the specific foreign, defence and security policy issues related to the mining and exportation of uranium from Greenland
– a joint declaration on safeguarding nuclear materials
– a joint declaration on export control of products and technology that can be used for both civilian and military (dual-use)
– an agreement on Greenland’s safeguarding of nuclear safety in connection with mining
The parliaments in Denmark and Greenland are still to agree on certain aspects of the agreement, such as the safeguarding of nuclear materials. This is expected to take place sometime in early 2016.
Southwest Greenland is estimated to have the world’s largest deposits of uranium.
November 14th, 2015
The uranium market has been due for a comeback since the 2011 Fukushima disaster, and many experts are pointing to a supply deficit by 2020.
However, in a report last week, Salman Partners said it sees uranium spot prices rising a lot sooner. Raymond Goldie, senior mining analyst at the firm, said spot prices are expected to rise from now until 2018 as a deficit in uranium eats through inventories.
“We refer to the day when security of supply becomes of concern to producers as the ‘pinch-point TM.’ We expect to reach the ‘pinch-point TM’ by early 2016, by which time we expect utilities to feel compelled to begin signing long-term contracts in order to ease concerns about security of supply, with those concerns – and spot prices – peaking in Q1 2018,” Goldie states in the report. Read full article
October 28th, 2015
Unit 3 of China General Nuclear’s (CGN’s) Yangjiang plant in Guangdong province has been connected to the electricity grid. The reactor is expected to enter commercial operation by the end of the year. Three more are planned. Read: http://www.world-nuclear-news.org/NN-Third-Yangjiang-unit-connected-to-grid-2010154.html
October 28th, 2015
Finkel is president of the Australian Academy of Technological Sciences and Engineering. He also heads the classroom resources company Stile Education and chairs the Australian Centre of Excellence for All-Sky Astrophysics.
Read the full article: /www.theguardian.com/science/2015/oct/26/nuclear-power-advocate-alan-finkel-to-be-named-australias-chief-scientist
October 6th, 2015
Toro Energy Limited (ASX: TOE) Managing Director, Dr Vanessa Guthrie, presented to the Sydney Mining Club on Thursday 1 October 2015 on the critical role for uranium in a clean energy future and the opportunity for Toro to participate in that future. Read story
Click here to listen to Dr Guthrie’s interview.
August 12th, 2015
Kyushu Electric Power confirmed on Monday that Sendai nuclear power unit no 1 would be restarted yesterday and be generating electricity by Friday. Full operation is expected in early September.
It marks the first Japanese restart since the Fukushima nuclear disaster in early 2011. More
March 3rd, 2015
Pretty exciting update from ASX: GGG who now have:
“The world’s largest undeveloped resource of rare earth elements and uranium (JORC‐code, 2012, compliant), with huge upside with (>1 Billion tonnes defined, <20% of project area evaluated)
A primary product stream of high‐purity critical rare earth concentrates (Nd, Pr, Eu, Dy, Tb, Y)
By‐production of U3O8, lanthanum and cerium, zinc and fluorspar
By‐product revenue streams will see Kvanefjeld become the lowest‐cost producer of critical rare earth’s globally
Read the full report (pdf download)