Areva net profit soars despite new EPR charge

AP reports Areva  says its net profit soared despite new EPR charge.
Areva, which also mines uranium and produces nuclear fuel in addition to designing and building reactors and recycling nuclear waste, also booked hundreds of millions of euros in new charges for delays in building the first of its new EPR reactors for a power utility [...]

Top-10 Sectors Gain Over 15% In July – URRE, DNN, CCJ

 
 
 
Tickerspy Newswire reports after a shaky second quarter select sectors have rebounded in July.
A look at the top-10 tickerspy Indexes over the last month shows that a diverse group of industries powered higher for the period, and some closely watched sectors were among them.
Elsewhere, Uranium Resources (URRE), Denison Mines (DNN), and Cameco (CCJ) all helped [...]

Uranium continues to fuel area

OA online reports on the uranium markets becoming popular again.
The company hopes to get permission for a third within the next couple weeks, Urenco spokesman Don Johnson said.Johnson said to expect new cascades to go online regularly for quite a while.
That’s why the plant’s English parent company recently gave to go ahead to build a [...]

Uranium spot is reacting

 
Stockhouse.ca reports uranium sector is reacting.
 
A $4-plus rise in the energy metal’s spot price (to $46 per pound) has pushed almost everything in the uranium equity market higher. Precisely three years ago, uranium at $140 a pound) started its shedding act.
Reasons for the reaction: 60 nuclear plants under construction: China, Russia, India, Argentina, even the [...]

UK to allow exports of nuclear technology to India

SMH.com.au reports nuclear technology will be allowed by the British Government to be exported to India.
The announcement came as Israel reacted furiously to accusations Mr Cameron made earlier, en route to India, when he said the Jewish state had turned the Gaza Strip into a prison camp.
For complete story, click here.

Kazakhstan boosts H1 uranium output by 41 pct

Reuters Africa reports Kazakhstan, world’s largest uranium miner boosted its uranium output by 41%.
The Central Asian country produced 8,452 tonnes of uranium in the first half of 2010 and is expected to add another 9,770 tonnes in the second half of the year, said Albert Rau, deputy minister for industry and new technologies.
For complete news, [...]

Uranium Regains Its Lustre

Ninemsn reports on the uranium markets and price.
It has taken a while but it would appear general interest in uranium and shares of uranium companies is picking up again. After all, it has been three years since spot uranium peaked at US$136/138/lb in 2007.
For complete news, click here.

Red Book reveals plenty of uranium

Nuclear Engineering reports the latest edition of  Uranium 2009, also known as the “Red Book”  has revealed that there is plenty of uranium. 
The total identified uranium resources are up 15% on 2007, but so are exploration costs, which have more than doubled despite the declining uranium market price (The uranium price has fallen from a high [...]

Indian liability debate returns

World Nuclear News reports the debate of India’s liabilty is in discussion again.
The Indian parliamentary committee studying the implications of Nuclear Civil Liability Bill will submit its report to the upper house of the parliament in the monsoon session starting next week.
For complete story, click here.

How The Next Major Uranium Discovery Will Be Found

Business Insider reports on the discussion of uranium discovery.

And yet, despite decades of study, we’ve still only found unconformity-type mineralization in a handful of basins worldwide. Athabasca, Thelon, Kombolgie, Kintyre, Hornby Bay, Otish, Karku.
This is largely a function of exploration. There is no shortage of potential targets. Uranium gurus Kurt Kyser and Michel Cuney note [...]