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

Saudi Arabia intends to become a leader in renewable energy by building 16 nuclear reactors with a combined capacity of 22 GW, which is about half of their current electricity output. The project is estimated to cost of more than 100 billion dollars.

Abdul Ghani bin Melaibari, coordinator of scientific collaboration at King Abdullah City for Atomic and Renewable Energy, confirmed the plan, adding that the first two reactors would be ready within 10 years. However, he pointed out the cost building nuclear reactors in the Kingdom would be comparatively high because of its extreme hot ... More →
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Find Out More »  |  Open Resource  |  2015/03/08  |  211 Report Broken   Tell A Friend

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

This report contains nine unconventional energy resource commodity summaries prepared by committees of the Energy Minerals Division (EMD) of the American Association of Petroleum Geologists. Unconventional energy resources, as used in this report, are those energy resources that do not occur in discrete oil or gas reservoirs held in structural or stratigraphic traps in sedimentary basins. These resources include coal, coalbed methane, gas hydrates, tight gas sands, gas shale and shale oil, geothermal resources, oil sands, oil shale, and uranium resources. Current U.S. and global research and d... More →
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Find Out More »  |  Open Resource  |  2013/04/28  |  326 Report Broken   Tell A Friend

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

The EMD Uranium Committee (UCOM), under the Chairmanship of Michael D. Campbell,P.G.,P.H., released its 2012 Mid-Year Report. Nuclear-power production is forecast to remain steady at about 18-20% of the electricity generation mix of coal, natural gas, and nuclear power, with renewables passing 10% this year and projected by EIA (2012) to rise to a high of 16 % by 2035. However, we conclude that the current experiments in renewables are driven more by government expectations than by the realities of likely future use on any large scale. Rural areas would be the primary market areas for wind and... More →
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Find Out More »  |  Open Resource  |  2013/03/08  |  333 Report Broken   Tell A Friend

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

During the past six months, the Uranium Committee (UCOM), under the chairmanship of Michael D. Campbell,P.G.,P.H., continued to monitor the expansion of the nuclear power industry and associated uranium exploration and development in the United States and overseas. Robert Odell, the Committee Vice Chair (Industry) has retired and we will miss him. In his place, Henry M. Wise, P.G. has been appointed as the new Vice Chair (Industry).

Input for the Mid-Year Report has also been provided by Steven Sibray, C.P.G., Vice Chair(University) on university activities in uranium research, an... More →
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Find Out More »  |  Open Resource  |  2013/11/26  |  294 Report Broken   Tell A Friend

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

Dr. Conca reports that energy soared in 2014, but the place to watch has been China. China has embarked on the biggest energy expansion in world history and 2014 was the year when it all came together. China is diversifying its energy mix like no other country in the world, and now leads the world in almost all energy-related matters. China now has more natural gas reserves than any other country, has installed more wind and solar than anyone, produces and uses more coal than anyone, and soon will add nuclear power to this list of mosts, with coal and renewables dropping proportionately with t... More →
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Find Out More »  |  Open Resource  |  2014/12/31  |  222 Report Broken   Tell A Friend

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

The Uranium (Nuclear and Rare Earth) Committee (UCOM) of the AAPG Energy Minerals Division continues to monitor the nuclear power industry and associated uranium exploration and development in the United States and overseas. Chaired by Michael D. Campbell, P.G., P.H., C.P.G., input for this Annual Report has also been provided by Henry M. Wise, P.G., C.P.G. (Vice-Chair - Industry) on industry activities in uranium, thorium, and rare-earth exploration, by Steven Sibray, CPG, Vice Chair (University) on university activities in uranium, thorium, and rare-earth research, and by Robert Gregory, P.G... More →
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Find Out More »  |  Open Resource  |  2016/01/09  |  307 Report Broken   Tell A Friend

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

The Uranium (Nuclear and Rare Earths) Committee (UCOM) of the AAPG Energy Minerals Division, chaired by Michael D. Campbell, P.G., P.H., C.P.G., has continued to monitor the nuclear power industry because it drives uranium exploration and development in the United States and overseas. Input for this Mid-Year (Year-End) Report has also been provided by Henry Wise, P.G., C.P.G. (Vice-Chair - Industry) on industry activities in uranium, thorium, and rare-earth exploration and mining, by Steven Sibray, P.G., C.P.G., Vice Chair (University) on university activities in uranium, thorium, and rare-ear... More →
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Find Out More »  |  Open Resource  |  2016/01/09  |  300 Report Broken   Tell A Friend

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

Dr. Conca reports that for the nuclear power industry, 2016 was a mixed bag. Currently, there are 450 nuclear power reactors in operation globally, 98 in the United States (WNI Status Report). Sixty new plants are under construction, five in the U.S. World nuclear power generation increased by 1.3% in 2016, reversing a decade-long decline, driven mostly by the Asia Pacific region. China alone increased its nuclear generation by almost 30%, passing Korea to become the world fourth-largest producer of nuclear power. China even released a design for a floating nuclear power plant.

Alth... More →
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Find Out More »  |  Open Resource  |  2017/01/03  |  75 Report Broken   Tell A Friend

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

Vivien Diniz reports that so far in 2016, Athabasca Basin uranium companies Cameco, Denison Mines and NexGen Energy have laid out plans for the year. On the first trading day of 2016, the uranium spot price was sitting a mere quarter of a dollar higher than its 2015 close, at $34.50 per pound of U3O8. But despite this weak pricing environment, three Athabasca Basin uranium companies have come forward with strong plans for 2016.

One of those is Cameco, the world second-largest uranium producer. This week, the company announced plans to increase the production rate at its Cigar Lake ... More →
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Find Out More »  |  Open Resource  |  2016/01/08  |  186 Report Broken   Tell A Friend

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

The uranium price has come a long way from the lows experienced post-Fukushima, yet is still not at the level analysts have been touting. Indeed, it continues to fluctuate around the 40 dollars-per-pound mark.

Given that atmosphere, many companies are finding it difficult to remain in production, though those with uranium contracts have the incentive to keep on producing, and lower-cost producers also continue to churn out yellowcake. Generally, in-situ recovery leads to lower costs for producers, but lower-cost conventional mines also exist. That said, the fact that such companies ... More →
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Find Out More »  |  Open Resource  |  2015/04/07  |  207 Report Broken   Tell A Friend

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

The Clinton platform for the 2016 election, which is listed on the official website of the Democratic National Convention, totally overturns the Democratic party previous platform, does not mention energy sources that provide more than half of the U.S. electricity and calls for green energy to grow at an unrealistic rate. This is likely designed to foster support from the Bernie people.

Here are the top five problems with the current Clinton energy platform.

1: The Platform Trashes Obama All Of The Above Energy Policy.

The phrase all of the above does not appe... More →
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Find Out More »  |  Open Resource  |  2016/08/08  |  109 Report Broken   Tell A Friend

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

NEI reports that the EPA Clean Power Plan requires power plants to cut carbon emissions by 32 percent below 2005 levels by 2030. That is like taking 166 million cars, or 70 percent of the U.S. passenger vehicles, off the road. It is impossible to hit that target without nuclear energy playing a pivotal role. Why?

1. Nuclear energy is the top source of carbon-free electricity. Nuclear energy generates 20 percent of overall electricity and 63 percent of all carbon-free electricity. The EPA plan calls for larger carbon reductions than the original version, making existing nuclear power... More →
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Find Out More »  |  Open Resource  |  2015/09/10  |  213 Report Broken   Tell A Friend

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

Lauded by some as an example to the rest of the world, but heavily criticized by others, German historic energy transition ... an ambitious plan to switch from carbon fuels to clean energy by the middle of this century... still faces major challenges. The current administration under Chancellor Angela Merkel cannot boast that the idea of abandoning nuclear energy was its own.

Launched in 2000, it was originally the brainchild of an earlier coalition government between the Social Democrats under Gerhard Schroeder and the environmentalist Green party. In late 2010, Merkel decided to r... More →
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Find Out More »  |  Open Resource  |  2016/03/12  |  181 Report Broken   Tell A Friend

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

Bevan Hamilton, of the CBC, reports that Five years after the second-worst disaster in Japan, the nuclear power industry is far from dead. A 9.0-magnitude earthquake shook northeastern Japan on March 11, 2011, triggering a tsunami that destroyed four nuclear reactors at the Fukushima Daiichi nuclear power plant. The meltdown released minor radioactive waves into the air, leading to a mass evacuation order, billions of dollars in cleanup and total shutdown of Japanese nuclear program.

Fukushima 5 years later, Japan restarts first nuclear reactor since 2011 Fukushima tsunami damage an... More →
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Find Out More »  |  Open Resource  |  2016/03/17  |  200 Report Broken   Tell A Friend

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

Michael W. Chapman reports that since the large earthquake and tsunami causing the nuclear reactor meltdown in Japan on March 11, 2011, there have been no deaths directly caused by the radiation leak from the nuclear plant in Fukushima, which is located on the northeast side of Japan. The latest update (in April) by the World Nuclear Association on the Fukushima disaster states that there have been no deaths or cases of radiation sickness from the nuclear accident.

Also, Jaya Mohan, information officer for the U.S. Scientific Committee on the Effects of Atomic Radiation (UNSCEAR), ... More →
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Find Out More »  |  Open Resource  |  2016/05/16  |  165 Report Broken   Tell A Friend

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

Chennai reports that the 500-MW prototype fast breeder reactor (PFBR) at Kalpakkam in Tamil Nadu is targeted to produce power in 2015-16. Minister of State in the Prime Minister's Office Jitendra Singh in a written reply to an unstarred question in the Rajya Sabha today said that in addition to the projects already under construction, financial sanction has been accorded for construction of two indigenous reactors, namely the Gorakhpur Haryana Anu Vidyut Pariyojana Units 1 and 2 (GHAVP 1 and 2) (2X700 MW) by Nuclear Power Corporation of India Limited (NPCIL) at Gorakhpur, Haryana and two react... More →
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Find Out More »  |  Open Resource  |  2015/05/08  |  205 Report Broken   Tell A Friend

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

Reuben Brewer opines that uranium you might think is a rare element. It is 500 times more common than gold. There are traces of uranium in granite (ave. 4 parts per million), which makes up 60% of the Earth crust. In other words, uranium is pretty much all around us and there is little risk of radiation poisoning. That is because uranium is only slightly radioactive.

Only about 0.7% of uranium (the ore and produced yellowcake) is what is known as fissile, or capable of undergoing fission (that is the process that produces heat that boils the water that is flashed to steam into gene... More →
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Find Out More »  |  Open Resource  |  2017/04/05  |  33 Report Broken   Tell A Friend

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

The uranium sector was hit hard in the aftermath of the 2008 Financial Crisis, then came another crisis in 2011, when a massive earthquake damaged nuclear facilities in Japan. Nuclear power generates electricity, and oil is primarily used as a fuel for vehicles. Because of this, uranium and oil don't truly compete for the same markets. For that reason, investors should not be selling uranium stocks just because oil is cheap. The energy sector crash has also led to tax-loss selling at the end of 2014. That means beaten down stocks in this sector could be poised to rebound in January and beyond.... More →
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Find Out More »  |  Open Resource  |  2015/03/08  |  210 Report Broken   Tell A Friend

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

Bloomberg View reported that from a nuclear safety standpoint, it is difficult to imagine a scarier scenario than what happened on March 11, 2011. An earthquake measuring 9.0 on the Richter scale powerful enough to shift the position of the Earth axis by about 6.5 inches hit 80 miles off the Japanese coast. Within minutes, a series of seven tsunamis, some as high as 50 feet, slammed into the Fukushima Daiichi nuclear plant. Backup diesel generators, designed to keep the reactor cooling water pumps operating, quickly failed. A day later, a hydrogen explosion blew the roof off the Unit 1 reactor... More →
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Find Out More »  |  Open Resource  |  2014/07/17  |  236 Report Broken   Tell A Friend

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

Akshat Rathi reports that despite opposition and safety concerns, nuclear power remains a big part of the world energy mix, providing about 10% of world electricity. And since nuclear reactors typically last 40 years, there are still hundreds of decades-old reactors around the world that must be maintained.

Most of those reactors are made up primarily of some form of stainless steel. But steel is showing its limitations, primarily that it can weaken or become defective over time. This is an even bigger concern in newer reactors that run at higher temperatures and have more fast-movi... More →
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Find Out More »  |  Open Resource  |  2016/03/22  |  198 Report Broken   Tell A Friend

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

Dr. Conca reports that the renaissance in nuclear power is in full swing around the world, just not so much in the West. Last month, Bolivian Vice President Alvaro Garcia Linera declared his country will go nuclear as part of a platform for Bolivia technological development for the next 400 to 500 years. In a speech closing the 7th International Congress on Oil and Gas in Santa Cruz, Bolivia, Linera stated that humanity can, and must, master this sacred fire. This may shock Americans, who have trouble pointing to Bolivia on a map, but the country President, Evo Morales, had already announced B... More →
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Find Out More »  |  Open Resource  |  2014/09/12  |  214 Report Broken   Tell A Friend

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

Dr. Conca reports that nuclear energy is growing around the world after a twenty-five-year lull. Forty-four reactors are under construction in China, Russia and India alone, five in the United States, and over 600 are planned worldwide in the next 30 years. Since there is a worry by a small minority that nuclear energy can lead to the proliferation of nuclear weapons, this might be a good time for a nuclear primer because all people should know the details and when to worry and when to not worry.

Nuclear power plant construction is growing around the world, especially in developing ... More →
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Find Out More »  |  Open Resource  |  2014/09/20  |  233 Report Broken   Tell A Friend

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

Dr. Conca reports that commercial nuclear power plants, and their nuclear waste, cannot be used to make weapons, contrary to the belief of a few people. There are two paths to the bomb, one using uranium and the other using plutonium. Pu-bombs are smaller, can be weaponized more easily and put on missiles. U-bombs are bulky and need to be dropped from a plane or driven to ground zero. So a U-bomb is easier to make, compared to a Pu-bomb. The number of nations having nuclear weapons has actually declined over the last twenty-five years, from eleven to nine. The focus on weapons proliferation by... More →
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Find Out More »  |  Open Resource  |  2014/09/23  |  222 Report Broken   Tell A Friend

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

Michael D. Campbell, P.G., P.H. opines that there is more to the story. Nuclear power, because of its use for both peaceful and military purposes, causes angst among some people, and produces fuel for those with other agendas, albeit competing energy sources, religion, or politically belligerent politics. Hence, as nuclear power was being developed in the 1970s in the U.S., the Three-Mile Island incident occurred (but no one was killed or irradiated outside the plant, but two workers were burned with hot water).

Accidents happen occasionally with any industrial activities, but the ... More →
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Find Out More »  |  Open Resource  |  2016/01/09  |  307 Report Broken   Tell A Friend

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

Matthew Bandyk reports that a new executive order issued by President Barack Obama to cut greenhouse gas emissions from federal government agencies could finally benefit what has become a pet project of the administration - small modular reactors, aka SMRs. The in-development technology is the only form of nuclear energy to qualify as clean energy under the order....oddly enough.

The order, announced March 19, requires federal agencies to ensure that increasing amounts of the electric and thermal energy they consume come from low-carbon dioxide-emitting alternative energy sources. A... More →
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Find Out More »  |  Open Resource  |  2015/03/23  |  225 Report Broken   Tell A Friend
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