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.
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.
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.
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.
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.
Dominion Resources has filed papers with the Federal Energy Regulatory Commission, asking for a start to the review process for the proposed 550-mile natural gas Atlantic Coast Pipeline, The Associated Press reports.
Federal agencies have reduced their greenhouse gas emissions 17 percent compared to levels in 2008, according to the White House Council on Environmental Quality, but they also remain vulnerable to the effects of climate change in different ways, National Journal reports.
As part of their fight to become the top-ranking Democrat on the House Energy and Commerce Committee, Rep. Frank Pallone of New Jersey and Rep Anna Eshoo of California have raised and distributed more than $1.2 million to their colleagues during this election cycle, National Journal reports.
Scientists at the National Institute of Standards and Technology and the National Oceanic and Atmospheric Administration are working on a technique using lasers that would more accurately measure greenhouse gas concentrations, E&E reports.
News of production increases in the U.S. and among OPEC members weighed on oil prices Friday. West Texas Intermediate crude for December delivery finished the Nymex session down 58 cents to $80.54 a barrel, a drop of 12 percent over the whole of October, while in London Brent lost 38 cents to settle at $85.86, Bloomberg reports.
Increased demand is leading SolarWorld Americas to spend $10 million expanding its solar modules plant, and the company announced it will be hiring 200 additional workers as well, The New York Times reports.
To encourage the development of advanced nuclear reactors – anticipated to be more efficient – the Department of Energy is spending $13 million to help major companies including AREVA, GE Hitachi and Westinghouse in their research of the technology, The Hill reports.