Uranium

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Two DOE nuclear fuel projects axed in Markey-Blumenaeur proposal

The Mixed Oxide Fuel Fabrication Facility at Savannah River and the Uranium Processing Facility at the Oak Ridge National Laboratory would be killed under legislation to slash spending on nuclear weapons, proposed Monday by two Democratic lawmakers.

The bill, introduced by Sen. Ed Markey, D-Mass., and Rep. Earl Blumenaeur, D-Ore., would cut $100 billion from nuclear weapons activity over the next decade, including termination of construction of the MOX facility at the Energy Department's Savannah River Site in South Carolina and cancelation of construction of the upgraded nuclear processing facility at the Oak Ridge National Laboratory in Tennessee.

Poneman to take the reins at uranium firm Centrus

Source: 
E&E

Daniel Poneman, who used to hold the number-two position at the Energy Department, will become president and CEO of uranium enrichment company Centrus Energy, formerly the U.S. Enrichment Corp., E&E reports.

Gloom hangs over Canadian uranium miner Cameco

Source: 
The Wall Street Journal

Canada’s uranium miner Cameco Corp. looks set to produce its worst set of results in a decade as the doldrums in the uranium market triggered by the Fukushima Dai-ichi disaster in 2011 continues, The Wall Street Journal reports.

Uranium M&A: Energy Fuels acquiring Uranerz

Source: 
Bloomberg

Two uranium producers are joining in a $150 million deal: Energy Fuels Inc. is acquiring Uranerz Energy Corp., Bloomberg reports.

NRC: 6 workers inhaled uranium at Wyoming mine

CHEYENNE, Wyo. (AP) — Six workers at a Wyoming uranium mine inhaled the radioactive element while cleaning up a spill inside a processing building just days before the mine delivered its first shipment last year, according to the Nuclear Regulatory Commission.

The workers' urine tested positive for uranium at close to seven times the federal agency's permissible level, the federal agency alleges in a Nov. 14 violation notice against Lost Creek LLC ISR, a subsidiary of Littleton, Colorado-based Ur-Energy.

Uranium rebounding from Fukushima disaster

Source: 
Bloomberg

Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.

Senators warn sanctions if Iran deal unacceptable

WASHINGTON (AP) — The Democratic and Republican senators largely responsible for tough sanctions on Iran are warning of more penalties if any deal with Tehran on its nuclear work is unacceptable.

Sen. Bob Menendez of New Jersey, the chairman of the Foreign Relations Committee, and GOP Sen. Mark Kirk of Illinois said in a statement Wednesday that a good deal must dismantle, not stall, Iran's nuclear program. They said it must prevent Tehran from being on the cusp of becoming a nuclear weapons state.

Centrus, formerly USEC, emerges from bankruptcy

Source: 
The Washington Post

Investors have agreed to a restructuring plan that will bring Centrus Energy Corp., the new name for uranium-seller USEC, out of Chapter 11 bankruptcy protection, The Washington Post reports.

Spot uranium prices at 14-month high

Source: 
Platts

An increase in demand and reduced supplies were responsible for a jump in spot uranium prices, at $36.50 per pound Tuesday, the highest since July 2013, Platts reports.

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.

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