Uranium and Fuel rss

Merger creates new Canadian uranium giant

07 July 2015

Patterson_Lake_South_Summer_2014_(Fission)_48Denison Mines and Fission Uranium are to merge, bringing together their prime Canadian uranium assets to create what the companies describe as a "leading Canadian focused diversified uranium company".

EU funds diversification of Russian reactor fuel supply

29 June 2015

Westinghouse Electric Company and eight European consortium partners announced today that they have received €2 million ($2.2 million) in funding from the European Union "to establish the security of supply of nuclear fuel for Russian-designed reactors in the EU". The move means that operators of Russian-built reactors in the EU will not have to rely solely on Russia's Rosatom for nuclear fuel supply.

Canadian government approves overseas ownership

23 June 2015

Michelin_camp_winter_(Paladin)_48The Canadian government has approved Australian majority ownership of the proposed Michelin uranium mine, in an exception to Canadian legislation on overseas ownership in commercial mining operations.

Russia's Tenex targets 40% market share by 2030

02 July 2015

Russia expects to increase its share of the global market in products for the front-end of the nuclear fuel cycle by 10% in the next 15 years, thanks to the integrated nature of Rosatom's subsidiaries, according to the head of Techsnabexport (Tenex).

China may act as transit route for new fuel bank, says Kazakh official

24 June 2015

The International Atomic Energy Agency is considering the option of China as a transit route for low-enriched uranium to the planned international fuel bank in Kazakhstan, a Kazakh government official has told local journalists.

Rosgeologia signs cooperation agreement with Rosatom

22 June 2015

Rosgeologia, the Russian state-run geological exploration services company, last week signed a series of agreements aimed at expanding its operations. The agreements were signed on 19 June by Rosgeologia CEO Roman Panov and officials from Rosatom, VTB Bank, the Russian Direct Investment Fund, the Russian Energy Ministry, the Murmansk region, the Russian State Geological Prospecting University and the Russian Academy of Sciences' institute for the integrated development of subsoil, during the Saint Petersburg Economic Forum last week.

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