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Kazatomprom has announced it is to participate in a physical uranium fund, ANU Energy OEIC Limited, established on the Astana International Financial Centre (AIFC). 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.
- Source: World Nuclear News
- Date: Tuesday, 19 October 2021
- Original article: world-nuclear-news.org/Articles/Kazatomprom-announces-physical-uranium-fund
Canadian Nuclear Laboratories (CNL) and Korea Hydro & Nuclear Power (KHNP) plan to leverage data gathered through decades of experience of the storage of used Candu fuel to underpin cooperative research activities under a new Memorandum of Understanding between the two organisations. They will engage in knowledge-sharing and other joint activities to advance storage, transportation and disposal practices for used fuel, and to explore opportunities to collaborate on nuclear decommissioning and waste management initiatives.
- Source: World Nuclear News
- Date: Tuesday, 19 October 2021
- Original article: world-nuclear-news.org/Articles/Canada-South-Korea-MoU-to-leverage-used-fuel-exper
In the wake of Australia’s decision to purchase nuclear-powered submarines from the USA and UK, instead of diesel-powered vessels from France (the AUKUS defence pact), pressure is building up for Australia to consider developing nuclear power for energy production.
- Source: NEI Magazine
- Date: Friday, 15 October 2021
- Original article: neimagazine.com/news/newsaustralian-submarine-deal-sparks-debate-about-nuclear-energy-9156685
The two Canadian companies said in a joint statement that they are investigating the potential of Cameco’s Port Hope uranium conversion facility in southern Ontario for IMSR fuel salt supply.
This MOU, which is non-binding and non-exclusive, follows Terrestrial Energy’s earlier agreements with Cameco to supply uranium products for its fuel testing programmes.
“Nuclear energy is a proven, reliable source of carbon-free power and a critical tool in achieving a net-zero emissions future in North America and worldwide,” said Tim Gitzel, Cameco’s president and chief executive officer. “Cameco plans to be a key fuel supplier for the emerging small modular reactor and advanced reactor market.”
- Source: Nucnet
- Date: Friday, 15 October 2021
- Original article: nucnet.org/news/terrestrial-energy-and-cameco-sign-mou-on-worldwide-smr-deployment-10-4-2021
Separate Memoranda of Understanding (MoU) supporting the future development and deployment of advanced small modular reactors (SMRs) in Canada will see Cameco and Terrestrial Energy investigate opportunities related to Terrestrial's Integrated Molten Salt Reactor (IMSR), while ARC Clean Energy Canada and Cross River Infrastructure Partners LLC will work together to develop sustainable industrial projects using ARC's SMR technology. Meanwhile, Canada's nuclear regulator has granted a 10-year licence renewal for an Ontario Power Generation (OPG) site earmarked for possible SMR deployment.
- Source: World Nuclear News
- Date: Friday, 15 October 2021
- Original article: world-nuclear-news.org/Articles/Agreements-support-Canadian-SMR-development-and-de
The national secretary of the Australian Workers Union (AWU) has called for the nation to reconsider its ban on civil nuclear energy and to place small modular reactors (SMRs) at the heart of its decarbonisation plans.
- Source: World Nuclear News
- Date: Thursday, 14 October 2021
- Original article: world-nuclear-news.org/Articles/Time-for-nuclear-Australian-union-says
Nuclear power is the required energy source for development of the Russian gold deposit at Kyuchus, the country's minister of natural resources and the environment, Alexander Kozlov made clear as the deposit's development rights were auctioned. The small reactor planned for Ust-Kuyga will supply the mine.
- Source: World Nuclear News
- Date: Wednesday, 13 October 2021
- Original article: world-nuclear-news.org/Articles/Nuclear-to-power-remote-gold-mine
The Minerals Council of Australia (MCA) on 6 October released a new report, “Small Modular Reactors in the Australian Context”, which offers an overview of SMRs, their potential role in Australia and likely operating costs.
- Source: NEI Magazine
- Date: Friday, 08 October 2021
- Original article: neimagazine.com/news/newsminerals-council-of-australia-looks-at-smrs-9138244
The report considers three of the most advanced SMR designs undergoing regulatory approval – NuScale’s Power Module, GE-Hitachi’s BWRX-300 and Terrestrial Energy’s Integral Molten Salt Reactor – and their potential use in Australia.
It says large nuclear reactors could potentially be accommodated near several of Australia’s larger electricity demand centres, but it is clear that SMRs could replace retiring coal and gas capacity.
With 12,000 MW of coal and gas scheduled to retire between 2030-2040, flexible base, zero-carbon generating units in the form of SMRs make a strong case for direct replacement, and also offer the potential benefit for placement at the weaker ends of the electrical grid, to improve overall balance and system stability.
- Source: Nucnet
- Date: Friday, 08 October 2021
- Original article: nucnet.org/news/cost-effective-smrs-can-replace-coal-and-gas-generation-says-report-10-4-2021
US-based Clean Core Thorium Energy said the first fuel pellets of its proprietary thorium-based nuclear fuel called Advanced Nuclear Energy for Enriched Life (ANEEL) have been manufactured by Texas A&M Engineering Experiment Station’s Nuclear Engineering and Science Center in partnership with the US Department of Energy’s Idaho National Laboratory (INL).
- Source: NEI Magazine
- Date: Thursday, 07 October 2021
- Original article: neimagazine.com/news/newsfirst-aneel-thorium-based-advanced-nuclear-fuel-pellets-manufactured-9134786