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World leaders gathered in Brussels at the first ever Nuclear Energy Summit co-chaired by the Prime Minister of Belgium Alexander De Croo and the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi. The Summit was the highest-level meeting to date exclusively focused on the topic of nuclear energy. It followed inclusion of nuclear energy in the Global Stocktake agreed at the UN Climate Change Conference (COP28) in Dubai in December 2023 and the launch of the IAEA’s Atoms4NetZero initiative.

Date: Wednesday, 27 March 2024
Original article: neimagazine.com/news/newsnuclear-energy-summit-attracts-world-leaders-11632691

The International Atomic Energy Agency (IAEA) on 17 October took delivery of a shipment of low enriched uranium (LEU) at the purpose-built LEU Bank in Kazakhstan which is intended to provide assurance to countries about the availability of nuclear fuel. “With the arrival of the first shipment, the IAEA LEU Bank is now established and operational,” IAEA Acting Director General Cornel Feruta said. “It is the first time the Agency has undertaken a project of this legal, operational and logistical complexity.”

Date: Thursday, 24 October 2019
Original article: neimagazine.com/news/newsiaea-fuel-bank-begins-operation-7470035

The International Atomic Energy Agency took delivery of a shipment of low-enriched uranium (LEU) at a purpose-built facility in Kazakhstan on Thursday (17 October), officially establishing the agency’s LEU bank aimed at providing assurance to countries about the availability of nuclear fuel.

Owned by the IAEA and hosted by Kazakhstan, the bank is one of the agency’s most ambitious and challenging projects since it was founded in 1957. Plans for the facility were first passed by the IAEA board of governors in December 2010.

The bank has been fully funded by contributions from IAEA member states and other donors totalling $150m, covering estimated costs for 20 years of operation. Donors include the Nuclear Threat Initiative, the US, the European Union, the United Arab Emirates, Kuwait, Norway and Kazakhstan.

The bank offers a supply of last resort for IAEA member states that experience a supply disruption due to exceptional circumstances and are unable to secure nuclear power fuel from the commercial market, state-to-state arrangements or by any other means. It will be a physical reserve of 90 tonnes of LEU, the basic ingredient to fabricate fuel for nuclear power plants.

Date: Saturday, 19 October 2019
Original article: nucnet.org/news/first-delivery-sees-usd150-million-kazakhstan-facility-become-operational-10-5-2019