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.