Areva, Mitsubishi explore Australia together
France's Areva is teaming up with Japan's Mitsubishi to explore for uranium in Australia. The move could lead to the formation of a joint venture, should promising deposits be identified. Areva subsidiary Afmeco Mining and Exploration (Afmex) will work with Mitsubishi Development Pty Ltd (MDP) to conduct exploration "for several years across tens of thousands of square kilometres of Australia where little or no previous exploration has yet been undertaken." MDP has agreed to cover the full cost of Afmex's exploration activities for several years up to an undisclosed predetermined amount. Once this limit is reached, and if MDF confirms its interest, Mitsubishi ...
Cameco offers $136 Million for Nukem Energy
Cameco, the world’s largest publicly traded uranium producer, has made a deal to further its resources, offering $136 million for Germany-based Nukem Energy. In buying Nukem from private equity firm Advent International, Canada-based Cameco will acquire a company with expected sales of between 10 million and 15 million pounds of uranium in 2012. Cameco will also gain access to 4.5 million pounds available under agreements in place through 2013 for downblended highly enriched uranium. "This acquisition complements Cameco's business by strengthening our position in nuclear fuel markets and improving our access to unconventional and secondary sources of supply," Cameco CEO Tim Gitzel ...
Pickering nuclear units among the most expensive, least reliable in the world
The economic performance of Ontario Power Generation’s Pickering nuclear stations is among the worst in the world, says a report prepared for the Ontario Energy Board. Not only is it the most expensive to operate, it lags at the far end of the pack in terms of reliability, with some units shut down almost 40 per cent of the time. The report recommends an incentive system that would base OPG’s payments for nuclear power on future improvements. But the company says it is well aware of the benchmarks used in the energy board report, and is already taking steps to improve performance. The energy ...
Tepco faces $10 billion loss
Tepco's losses have been put at ¥781.6 billion ($9.8 billion) for financial year 2012. About half of this stems from the cost of compensation and cleanup; the other half is from the higher cost of generation in Japan's shaken power market. Decreases in Japanese electricity use over the year as a result of consumer efforts to conserve power and also a decline in national production activities in the wake of the March 2011 earthquake and tsunami led to an 8.6% decrease in electricity sales for the company. Despite an increase in the unit price of electricity, this resulted in a fall of ...
Counterfeit N-Former
Mouser builds a better parts trap
Buying through authorized channels is supposed to reduce the risk of receiving counterfeit components, yet franchised distributors are among the most active adopters of counterfeit...
Mouser Electronics to support new U.S. anti-counterfeit law
Dallas and Ft. Worth, Texas, Mouser Electronics, Inc., regarded as a top design engineering resource and global distributor for semiconductors and electronic components, today announced...
Mouser Electronics joins Penton Media to raise awareness of counterfeit parts
Mouser Electronics, Inc., regarded as a top design engineering resource and global distributor for semiconductors and electronic components, today announced its...
U.S. seizes websites accused of selling fake goods
Washington – Some 150 websites allegedly selling counterfeit goods including shoes, purses, sunglasses and sports jerseys have been seized, U.S. authorities said Monday, coinciding...
Read More Posts From This CategoryNew Build News
Milestones at new Russian reactors
Following the successful completion on 27 April of the last of 74 tests in its start-up program, Kalinin 4 has now moved to the final stage of its commissioning program, trial commercial...
Critical time for UK government and industry
One week before the UK government tables its energy market reforms some key aspects of the package are still being decided. Its success will be vital to plans for nuclear new build,...
Ghana adds nuclear power to boost energy export plans
Ghana is exploring a nuclear energy program in its power mix strategy, as it strives to become a major net exporter of energy in the West Africa sub region, the country’s deputy...
Energy companies blame abandonment of nuclear plans on lack of cash
Huge cost and decades-long payback times of new nuclear power make it difficult to fund during economic crisis, MPs told Investing billions in new nuclear power stations would have...
Read More Posts From This CategoryRefurbishment News
Point Lepreau fuel reloading complete
NB Power has finished reloading fuel at the Point Lepreau nuclear generating station as part of the facility’s refurbishment. Officials are calling the successful manual loading of 4,560 new fuel bundles a “milestone” and say they are on track to restart the reactor by the fall after three years of delays. The power utility will need the Canadian...
Bruce nuclear reactor shut in 1995 gets OK to restart
Toronto - Federal regulators have given Bruce Power the go-ahead to restart a refurbished nuclear reactor 17 years after it was shut down. “It’s with a high degree of confidence today that the Canadian Nuclear Safety Commission is authorizing the safe restart of Unit 2 at the Bruce A Nuclear Generating Station,” Ramzi Jammal, CNSC’s executive...
Work to restore Ontario nuclear reactors nearly finished
Tiverton, Ont. — The president of Bruce Power says the refurbishment of its Unit 2 nuclear reactor should be completed in the next few weeks. Duncan Hawthorne says the reactor at its Lake Huron site will undergo extensive testing before being returned to service. Hawthorne says work is continuing on Unit 1, which is a couple of months away from being...
SNC-Lavalin, Aecon win $600-million contract to refurbish Darlington nuclear plant
SNC-Lavalin Nuclear and Aecon Construction have been awarded a $600-million contract for the overhaul of the four reactors at the Darlington nuclear plant. Ontario Power Generation, which owns the reactors, said the two companies will remove and replace the pressure tubes and calandria tubes for all four units at Darlington. The tubes hold the uranium...
Read More Posts From This Category
