Uranium

Uranium enrichment firm to re-emerge from bankruptcy

Source: 
Platts

The U.S. Bankruptcy Court in Delaware last week approved restructuring plans for uranium enrichment company USEC, which will enable it to emergy from Chapter 11 bankruptcy protection as Centrus Energy Corp., Platts reports.

Australia to supply uranium to India

Source: 
Deutsche Welle

The leaders of Australia and India have signed an agreement for Australia to supply India with uranium for nuclear power plants, Deutsche Welle reports.

Australia to sign uranium export deal with India

NEW DELHI (AP) — Australia's Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.

The agreement is expected to be signed Friday evening. Australia, which has almost a third of the world's known uranium reserves, imposes strict conditions on uranium exports and India's failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a trade deal.

Report: Iran opens uranium-conversion plant

TEHRAN, Iran (AP) — Iran inaugurated a new plant Saturday to convert a type of uranium into a material that cannot be used to make nuclear weapons as part of its interim atomic deal with world powers, its official news agency reported.

The report by IRNA quoted Ali Akbar Salehi, the head of Iran's nuclear agency, saying that the plant will convert uranium hexafluoride, which can be used to make nuclear weapons and fuel. It will become uranium dioxide, which can only be used in nuclear reactors, he said.

Uranium trade increasing on sanction fears

Source: 
Platts

Fears that Russian sanctions might affect the availability of uranium has boosted trading activity in the sector, Platts reports.

Obama: Significant gaps on Iran nuclear talks

WASHINGTON (AP) — President Barack Obama says there are "still significant gaps" and more work to do on Iran nuclear talks.

The president told reporters Wednesday that he will consult with Congress and allies to determine whether negotiations need to be extended after the July 20 deadline.

Japanese reactor restarts could boost struggling uranum prices

Source: 
Bloomberg

Japan's move to vouch for the safety of two idled reactors is a step toward a nuclear restart in the country, a development market analysts say could boost struggling uranium prices, Bloomberg reports.

Iranian Nukes: Gaps remain, but talks continue

WASHINGTON (AP) — World powers and Iran still face significant gaps in their negotiations to curb Tehran's nuclear program, foreign ministers said Tuesday while forging ahead with efforts to secure a deal that could finally bridge a decades-long diplomatic chasm between the Islamic republic and the West.

Sunday's deadline for an agreement could be extended, but that issue is controversial, too. And without an accord on the nuclear talks, the U.S. risks losing opportunities to negotiate with Iran on other pressing regional issues, including sectarian fighting in Syria and Iraq that is threatening to rip apart the Mideast.

Iran lays out possible deal that features nuclear freeze

Source: 
The New York Times

Iranian Foreign Minister Mohammad Javad Zarif told The New York Times that Iran is willing to freeze its nuclear fuel production capacity for seven years in exchange for sanction relief in an effort to reach a deal with world powers ahead of a July 20 deadline.

Facing deadline, US and Iran press nuclear talks

VIENNA (AP) — The top U.S. and Iranian diplomats searched Monday for a breakthrough in nuclear talks, their efforts complicated by crises across the Middle East and beyond that have Washington and Tehran aligned in some places but often opposed.

The state of U.S.-Iranian relations was adding a new wrinkle to the long negotiation aimed at curbing the Islamic republic's uranium and plutonium programs.

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