Uranium & Fuel

Uranium & Fuel
Kazatomprom announces physical uranium fund

Kazatomprom announces physical uranium fund

Kazatomprom has announced it is to participate in a physical uranium fund, ANU Energy OEIC Limited, established on the Astana International Financial Centre. The fund will hold physical uranium as a long-term investment, with its initial USD50 million of purchases financed by its founders and plans to raise USD500 million for additional uranium purchases in a second development stage.

Uranium & Fuel 18 October 2021


Russia opens new zirconium sponge line for nuclear fuel

Russia opens new zirconium sponge line for nuclear fuel

Russia has developed a new process line for  manufacturing the zirconium sponge needed for nuclear fuel assemblies. A new facility to make the substance has been launched by Rosatom subsidiary TVEL at its Chepetsky Mechanical Plant.

Uranium & Fuel 06 October 2021


Leningrad 2 defuelling begins

Leningrad 2 defuelling begins

Rosenergoatom has begun unloading used fuel from the Leningrad 2 reactor in Russia. Partially used fuel assemblies will be used in units 3 and 4 at the plant during their final years of operation.

Uranium & Fuel 05 October 2021


Vimy secures approval to begin work at Mulga Rock

Vimy secures approval to begin work at Mulga Rock

The Western Australian Department of Mines, Industry Regulation and Safety has approved Vimy Resources' Mulga Rock Mining Proposal and associated Mine Closure Plan. This means Vimy can now begin "ground disturbing" activities at the project, with a view to first uranium production by 2025.

Uranium & Fuel 01 October 2021


Terrestrial teams up with Orano for IMSR fuel supply

Terrestrial teams up with Orano for IMSR fuel supply

Terrestrial Energy has signed an agreement with Orano for the supply of nuclear fuel for its Integral Molten Salt Reactor. The agreement is part of Terrestrial's multiple-sourcing strategy and follows the announcement last month of a similar partnership with Westinghouse and the UK's National Nuclear Laboratory.

Uranium & Fuel 30 September 2021


More funding needed to complete Central Asian remediation

More funding needed to complete Central Asian remediation

A renewed call has been made for additional donor funding in order to tackle the most urgent problems caused by radioactive and toxic waste at legacy uranium sites in Central Asia, with the International Atomic Energy Agency estimating an additional EUR40 million (USD47 million) is required. The call came as all parties directly involved in the project signed a revised Strategic Master Plan.

Uranium & Fuel 22 September 2021


Uranium mining goes digital in Russia

Uranium mining goes digital in Russia

'Digital' mining has started at the Khokhlovskoye uranium deposit in Russia, Rosatom subsidiaries announced. Operators have full information on the process and its environmental effects, as well as simulation of their options.

Uranium & Fuel 22 September 2021


Trial of advanced fuel begins at Rostov

Trial of advanced fuel begins at Rostov

Advanced fuel assemblies have begun an operational trial at Russia's Rostov nuclear power plant. Fuel manufacturer TVEL said if successful they would provide a higher level of performance and safety. "Fuel irradiation in a commercial reactor is an important step for the further commercialisation of this product," said Natalia Nikipelova, president of TVEL, adding: "It is symbolic that this milestone is achieved when TVEL celebrates its 25th anniversary."

Uranium & Fuel 21 September 2021


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