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Index / Uranium (Nuclear Minerals) / Related Environmental Issues / Environmental Impact - Cases, Nuclear Wastes

The S-A Editorial staff concludes that the Waste Control Specialists site near Andrews near the Texas-New Mexico border is suited for spent nuclear waste. And the casks that transport nuclear waste are virtually indestructible.

There has been no shortage of local anxiety over a proposal to transport and store high-level nuclear waste in West Texas. Bexar County Commissioners Court unanimously voted to oppose the transport of spent nuclear fuel to Andrews County, and City Councilman Ron Nirenberg has said he wants the city to legally oppose Waste Control Specialists application.
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Find Out More »  |  Open Resource  |  2017/04/15  |  54 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Small Modular Reactors (SMRs) are nuclear power plants that are smaller in size (300 MWe or less) than current generation base load plants (1,000 MWe or higher). These smaller, compact designs are factory-fabricated reactors that can be transported by truck or rail to a nuclear power site. SMRs will play an important role in addressing the energy security, economic and climate goals of the U.S. if they can be commercially deployed within the next decade.

Development of clean, affordable nuclear power options is a primary element of the DOE Nuclear Energy Research and Development R... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Rep. Tom Rice (R-SC) and Sen. Tim Scott (R-SC) recently introduced legislation that would modify the U.S. tax code to enable nonprofit partners in nuclear power facilities to effectively utilize the nuclear production tax credit (PTC).

Other energy technologies (such as wind and solar plant operations) are able to fully use their credits with public-private partnerships and nuclear energy should have the same consideration, Rice said. This bill helps to correct a disparity of current law so savings can be passed on to millions of consumers in South Carolina and across the country wh... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Reuters reports that the U.S. Senate committee easily passed a bill on Wednesday to enable the nuclear regulator to license advanced nuclear reactors that backers say are safer than conventional plants and can help deal with a growing waste problem.

The Nuclear Energy Innovation and Modernization Act requires the Nuclear Regulatory Commission to develop a regulatory framework to enable the licensing of advanced nuclear reactors that could come into development in 10 or 15 years. The bill passed 18-3 in the Environment and Public Works Committee.

Republican Senator James I... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Jonathan Tirone reports that Urenco Ltd., the world second-biggest maker of nuclear fuel, is advancing its attempt to supply smaller nuclear reactors (called SMRs) in order to boost demand for its services. The company is developing, in conjunction with Amec Foster Wheeler Plc, a generation of small, modular reactors called SMRs or U-Batteries, Chief Executive Officer Thomas Haeberle said in an interview from the company headquarters in England. Urenco miniature reactors can generate 10 megawatts of power, about 1% of what comes from a current nuclear plant.

The U-Battery is being d... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Leia Toovey reports that Spot uranium prices continue to show little change, week-over-week, and seem to have found some stability following their recent crash which saw uranium prices bottoming at $17.75 per lb in December. Now, prices have found stability in the low to mid $20s, suggesting that sell-off in uranium is over. However, the lack of a consistent move higher indicates that a larger fundamental change is needed to really power a rally.

Market participants have long been optimistic about the future of uranium, but it still remains a waiting game before new nuclear plants a... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

The Indian Point nuclear power plant, located in Westchester County just 30 miles north of New York City, has been a target of environmentalists since it first opened in 1974. An irrational distrust of nuclear power has motivated opponents to declare it an unacceptable risk and call for its closure, despite the power plant overwhelming safety record. Feeding this irrational hysteria, Governor Cuomo has long referred to Indian Point indeed nuclear power generation as a ticking time bomb and has promised to shut the plant by 2021.

Last week two environmental groups released a report t... More →
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Index / Wind Energy / Resource Evaluation

Barry Butterfield opines that Nebraska publicly owned power systems have what it takes to generate clean, reliable power. Especially at a time when there is an urgent need for carbon mitigation, implementing policies that achieve emissions-reduction goals is critically important, even if the economic and environmental benefits are not immediate.

Nebraska should be a pioneer in this effort. To lead public utilities into an era of carbon-free, baseload power, Nebraska utilities ought to consider the use of small modular nuclear reactors (SMRs).

A SMR uses uranium fuel to pr... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Judd Gregg opines that when opportunity comes knocking, you would presume that the new administration would move quickly to take it, a team who clearly relishes taking advantage of opportunities. Well, nuclear power has a pretty loud knock.

Whether the goal is to create jobs, or to make America energy independent, or to do large infrastructure construction projects, or to maintain and expand our strategic advantage in the world, or to grow our economy ..... nuclear power fits the bill.

The U.S. created the civilian nuclear industry and has led the way in its development ... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Bloomberg reported that last week bankruptcy of Westinghouse is yet more evidence that the economics of nuclear power are not good. Like coal, nuclear energy can not compete against cheap natural gas and ever-cheaper renewables.

Unlike coal, however, nuclear energy is a crucial tool in the fight against climate change. So the public subsidies that benefit the nuclear industry in the U.S. are justified, whereas efforts to prop up the coal (and oil and gas industries) are not.

And some states are offering or proposing enormous subsidies in support. NY Governor Cuomo wants t... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment. The uranium price rise from the low of $17.75 per lb on Nov. 30, 2016, is fueled by a number of supply and demand factors that has industry watchers optimistic that the tide has turned.

On the supply side, Kazakhstan state-owned Kazatomprom announced in January that it would cut production by 10%. The company supplies 40% of the world uranium. The company also announced the opening of a trading office in Swi... More →
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Index / Uranium (Nuclear Minerals) / Related Environmental Issues / Environmental Impact - Cases, Nuclear Wastes

Mike Faher reports that Federal regulators have determined that Vermont Yankee plan to send radioactive wastewater cross-country to Idaho will not have a significant effect on the quality of the human environment.

The U.S. Nuclear Regulatory Commission has not yet given the official green light for 200,000 gallons of water to be trucked from the Vernon plant to the U.S. Ecology disposal facility near Grand View, Idaho. But the commission environmental findings, announced this week, show that the federal agency is now comfortable with Entergy assurances that the shipments would not p... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Andrew Walker reports that Cameco Corp. stock prices are up 50% in the past six months, and investors are wondering if this is the beginning of a longer-term recovery. Uranium prices have been in a severe slump for six years, and Cameco stock has been under pressure for a decade.

Most of the industry pain since 2011 is connected to the Fukushima nuclear plant damage that occurred in Japan because of the impact of the tsunami. The country shut down its entire fleet of nuclear reactors in the wake of the accident, and progress remains slow on getting them back online. In fact, only th... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Tim Knauss reports that a former chairman of the New York Public Service Commission and a former leader of the federal agency that regulates power markets are the latest voices saying New York nuclear subsidies are unacceptable.

But New York regulators at the PSC say their plan fights climate change and compensates nuclear plants for an attribute that is not adequately accounted for in the market, notably the continued production of large amounts of low-carbon power. PSC officials say the nuke subsidies are analogous to subsidies for wind and solar power.

At least two env... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

The NY state Assembly is against the electric-rate hike that is set for April 1, because the surcharge will fund subsidies to four Upstate nuclear plants. For going along with New York 50 by 30 clean-energy plan, which the Assembly endorsed, the state Public Service Commission is required to have half NY electricity generated by non-carbon-emitting sources by 2030. And that is nearly impossible to do without nuclear plants, because solar and wind power just can not (remotely) do the job by themselves.

Yet two of these nuclear plants were already set to close, with the others not far... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Carl Curtain reports that Energy Resources Australia, uranium mining company, has called for rational thinking regarding the country future energy supply, suggesting nuclear power be seriously considered. ERA operates a uranium mine near Jabiru, held its annual general meeting in Darwin on Wednesday.

With Australia in the grip of a so-called energy crisis as a major gas shortage looms in 2018, chairman Peter Mansell pressed his company view on the national debate underway. The powers that be are stumbling in the dark to prevent a looming energy crisis, as the grid seeks to balance c... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Christina Black opines that as a physicist the importance of safe and efficient power generation to energy security, and national security, challenges me to push the boundaries of what is possible.

Nuclear energy is by far the largest source of clean, non-intermittent electricity in the U.S. We have more reactors than any other nation and produce over 25% of the global supply of nuclear power. But nuclear energy is not just important to the U.S., it also plays a critical role in energy markets around the world. As of 2015, 13 countries relied on nuclear energy to provide at least 25... More →
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Index / Uranium (Nuclear Minerals) / Related Environmental Issues / Environmental Impact - Cases, Nuclear Wastes

Chicago Tribune editors opine that it has been 30 years since Congress designated the Nevada Yucca Mountain as the secure site for the U.S. nuclear waste storage. Since then, taxpayers have coughed up $11 billion creating a repository 1,000 feet underground that would keep the radioactive waste stored safely. As yet, it is still empty. But that could finally change.

Yucca Mountain is in a remote section of the Mojave Desert. But many people in Nevada did not want the waste, no matter how safe or isolated the storage facility may be. It was the ultimate NIMBY project. One of those op... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Ashok Sharma reports that Australia that it was ready to export uranium to India, nearly three years after the two countries signed an export deal for peaceful power generation. At a joint news conference in New Delhi with Australian Prime Minister Malcolm Turnbull, Indian Prime Minister Narendra Modi said that cooperation between the two countries in the energy sector, including renewable energy, was on the upswing.

Turnbull said Australia was looking forward to the first export of Australian uranium to India as soon as possible. They have worked closely with India to meet their re... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Canadian uranium producer released its Annual Report. Cameco is the world largest uranium miner and refiner. Nuclear energy and uranium have been out of favor which is why the stock is now a buy.

There are 395.8 million shares and the stock price is $11.33. The market cap is $4.484 billion. The company pays a 30 cent dividend and the yield is 2.65%. Earnings per share were a loss of 16 cents. (It takes 75 cents to buy a Canadian dollar.)

The company produces 17% of the world uranium and holds 415 million pounds of proved and probable reserves. Its main operating propertie... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

The Indian government refused to disclose the total imports of nuclear fuel uranium in the country, stating it was not in public interest. But Rajya Sabha, Jitendra Singh, Minister of State in the Prime Minister Office (PMO) did indicate that pursuant to the civil-nuclear cooperation with various countries, around 7,810 metric tonnes of natural uranium and 100 MT of enriched uranium have been imported from France, Russia, Kazakhstan and Canada since 2009. The Department of Atomic Energy (DAE) reports directly to the PMO. It is not in public interest to disclose the production of uranium in the... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Dipanjan Chaudhury reports that Australia, the world biggest uranium producer, is likely to start supplying the metal to India nuclear power plants this year after visiting Premier Malcolm Turnbull helps put in place the mechanism governing the trade.

The two countries had signed a civil nuclear deal in 2014 when former Prime Minister Tony Abbott visited India. Thereafter, Australia put in place a safeguards agreement and last December passed the legislation to start supplying uranium to India, a trade viewed as the cornerstone of a bilateral strategic partnership. The hint of urani... More →
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

David Louis reports that Mohave County officials will soon step up lobbying efforts to convince the new administration to lift a 20-year ban on uranium mining on the Arizona strip. The ban, imposed in 2012, carved out more than 1 million acres north of Lake Havasu City from mining operations. Mohave County Supervisor Buster Johnson would like to see the moratorium lifted.

With enough pressure, they trust that the new administration will realize the economic strain imposed on Mohave County and other counties in Arizona because of the Obama administration 2012 withdrawal, Johnson said... More →
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Index / Geothermal Energy

The Geothermal Energy Association represents over 100 companies in the American geothermal power industry.That industry supports a workforce of almost 12,000 full-time jobs in the U.S. The leading developers and energy producers run 104 operating plants in nine (9) states with a capacity of 3,700 Megawatts at a replacement value of over $20 billion. There are over 80 new projects in development.

Geothermal delivers a triple bottom line to our energy system. It is an abundant domestic energy source, it brings economic benefits in the form of taxes and long term high-paying jobs, and ... More →
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Rod Adams reports that Terrestrial Energy is developing an Integral Molten Salt Reactor (iMSRTM). He noted that he had last provided information to the Nuclear Energy Insider annual summit two years ago when the conference occurred in Charlotte, North Carolina. During the period since that report, his company has been making steady progress towards commercialization.

Terrestrial Energy has a specific way of defining progress towards commercialization in the nuclear energy development enterprise by entering into the first phase of the reactor regulatory process in Canada by deciding... More →
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