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Uranium & Fuel

Uranium & Fuel
Investment funds change the shape of uranium market

Investment funds change the shape of uranium market

Investment funds are shaping the uranium spot market leading to an unprecedented level of demand. How those funds will affect the availability of secondary supplies of uranium to consumers remains to be seen, and the spot market should not be seen as a reliable source for significant purchases of uranium ore in the long term, according to speakers and panellists at World Nuclear Association Annual Symposium 2021.

Uranium & Fuel 10 September 2021

Nuclear fuel report sees positive long-term future

Nuclear fuel report sees positive long-term future

World nuclear generating capacity is set to continue its upward trend with demand for uranium fuel increasing over the period to 2040, according to the projections in the latest edition of World Nuclear Association's Nuclear Fuel Report. Uranium resources are more than enough to meet that demand, but intense development of new projects will be needed in the current decade to avoid potential supply disruptions.

Uranium & Fuel 08 September 2021

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BHP Billiton drops expansion of Olympic Dam

Investment funds change the shape of uranium market

Kazatomprom considers making purchases to rebuild inventory

Mulga Rock project management plan approved

New uranium fund begins trading

Niger government expresses support for uranium project

Nuclear fuel report sees positive long-term future

Partnership set up for IMSR fuel supply

Westinghouse ATF makes progress towards approval

Kazatomprom considers making purchases to rebuild inventory

Kazatomprom considers making purchases to rebuild inventory

Kazatomprom may buy additional material in the spot market during the second half of this year to keep its inventories within its targeted range and to meet sales commitments for the rest of 2021, CEO Galymzhan Pirmatov said as the company's half-year results were released yesterday. Pirmatov is to step down as CEO with effect from 2 September.

Uranium & Fuel 27 August 2021

Mulga Rock project management plan approved

Mulga Rock project management plan approved

The Western Australian Department of Mines, Industry Regulation and Safety has approved the Project Management Plan for the Mulga Rock uranium project, Vimy Resources announced today. Having already received approval from State and Federal governments, this is the first of three state government departmental approvals required to implement the project.

Uranium & Fuel 27 August 2021

Niger government expresses support for uranium project

Niger government expresses support for uranium project

Toronto-based Global Atomic is to set up a 90%-owned Niger mining subsidiary after the Government of Niger formally confirmed it will not increase its ownership stake in the Dasa project beyond the legally mandated 10% minimum. The company plans to bring the project into full production by the end of 2024.

Uranium & Fuel 26 August 2021

Partnership set up for IMSR fuel supply

Partnership set up for IMSR fuel supply

Westinghouse, the UK National Nuclear Laboratory and Terrestrial Energy have announced a partnership in the UK to advance the industrial scale up and commercial supply of enriched uranium fuel for use in Terrestrial's Integral Molten Salt Reactor. An agreement between the three defines the process for delivering IMSR fuel for commercial use, concurrent with schedules for commercial operation of IMSR power plants.

Uranium & Fuel 18 August 2021

ISL development of Russian uranium deposit given regulatory approval

ISL development of Russian uranium deposit given regulatory approval

VNIPIpromtechnologii, JSC - the engineering centre of Rosatom's mining division ARMZ Uranium Holding Co - has received a "positive opinion" on design work and engineering surveys for in-situ leach development at the Kolichikan uranium deposit from the Russian State Expert Examination Board, Glavgosekspertiza. This means development of the deposit, in the Khiagda orefield, can proceed.

Uranium & Fuel 05 August 2021

Westinghouse ATF makes progress towards approval

Westinghouse ATF makes progress towards approval

Irradiated lead test rods containing Westinghouse's EnCore advanced fuel technology have arrived at the US Department of Energy's Oak Ridge National Laboratory where they will undergo a year of testing to support regulatory licensing efforts. The fuel is being developed under the DOE's Accident Tolerant Fuel Program, an industry-led effort looking to commercialise new fuels within the decade.

Uranium & Fuel 04 August 2021

New study confirms viability of Etango-8

New study confirms viability of Etango-8

Newly released results from a pre-feasibility study of the Etango-8 uranium project have confirmed the strong technical and economic viability of conventional open pit mining and heap leach processing of the deposit in Namibia, Bannerman Energy has announced. The company now plans to complete a definitive feasibility study in 2022.

Uranium & Fuel 03 August 2021

Jordan declares uranium plant 'fully operational'

Jordan declares uranium plant 'fully operational'

Jordan has been operating a "pioneering" processing plant to recover yellowcake from uranium ores since the start of the year, the head of the country's Atomic Energy Commission has announced. Khaled Toukan's remarks were reported by state news agency Petra and shared by the Jordanian Uranium Mining Company, operator of the plant. JUMCO, which is the commercial arm of Jordanian Atomic Energy Commission, was established in 2013 to carry out radioactive elements exploration and development in Jordan.

Uranium & Fuel 27 July 2021