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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.

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.

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. 

Date: Friday, 15 October 2021
Original article: neimagazine.com/news/newsaustralian-submarine-deal-sparks-debate-about-nuclear-energy-9156685

Companies will also evaluate opportunities for fuel supply Illustration of an IMSR power plant in the configuration proposed for the Darlington site in Canada. The IMSR has the capacity to generate 390 MW (net) of electric power on a 7-hectare site. Courtesy Terrestrial Energy. Small modular reactor developer Terrestrial Energy and uranium company Cameco have signed a memorandum of understanding to examine potential partnership opportunities to deploy Terrestrial Energy’s integrated molten salt reactor (IMSR) Generation IV nuclear power plants in North America and worldwide, and to evaluate possible opportunities for the supply of uranium, fuel and other services.

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.”

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.

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.

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.

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.

Date: Friday, 08 October 2021
Original article: neimagazine.com/news/newsminerals-council-of-australia-looks-at-smrs-9138244

Plants can also be used to power regional settlements and off-grid mining operations Small modular reactors like Nuscale’s could be used to power regional settlements and off-grid mining operations. Courtesy NuScale. Small modular reactors could be Australia’s lowest cost 24/7 zero emission power source, underpinning reliable and secure electricity supplies and replacing generation at coal and gas plants that are scheduled to retire, according to a report by the Minerals Council of Australia.

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.

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). 

Date: Thursday, 07 October 2021
Original article: neimagazine.com/news/newsfirst-aneel-thorium-based-advanced-nuclear-fuel-pellets-manufactured-9134786