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Cameco stock takes a dive on bigger-than-expected Q1 loss

By: Henry Lazenby     28th April 2017 Canada’s largest uranium producer Cameco has reported another disappointing quarter, recording an C$18-million loss, or C$0.05 a share, as the termination of a key contract and lower prices weighed on the bottom line. Excluding special items, the Saskatoon, Saskatchewan-based miner widened the... 

Judgment means new approach for South Africa’s nuclear project, not its end, says industry

By: Keith Campbell     28th April 2017 The South African Nuclear Energy Corporation (Necsa) has called for “caution and common sense” in its press release on Friday, responding to the Western Cape High Court judgment on Wednesday, which set aside as unconstitutional and unlawful certain policy decisions and intergovernmental... 

Ruling welcomed as halting procurement of new nuclear plants

By: African News Agency      27th April 2017 Opposition parties and activists have hailed as a victory the Western Cape High Court ruling on Wednesday that has effectively called to a halt government’s controversial nuclear power expansion programme. Judge Lee Bozalek, in response to an application from environmental groups, set aside two... 

Opinion: Court’s ‘clean slate’ nuclear directive a big opportunity for new Energy Minister 

By: Terence Creamer     26th April 2017 Having been effectively directed by the Western Cape High Court to “start with a clean slate” when approaching the controversial issue of nuclear procurement, South Africa’s new Energy Minister Mmamoloko Kubayi has some big calls to make. In the April 26 judgment signed off by justices Lee... 

POWER-GEN & DistribuTECH Africa 2017 to power up delegate skills

     26th April 2017 Delegates to POWER-GEN & DistribuTECH Africa 2017 to earn SAIEE CPD points POWER-GEN & DistribuTECH Africa 2017, Africa’s leading power sector conference and exhibition, has been awarded a pre-validation by the South African Institute of Electrical Engineers (SAIEE) of 2.5 CPD credits. Engaging... 

Court rules nuclear plan unlawful, must be set aside

By: Reuters     26th April 2017 South Africa's controversial push to build a fleet of new nuclear plants suffered a setback on Wednesday after the High Court set aside the procurement process and a pre-agreement with Russia. South Africa, which has the continent's only nuclear power station, has asked power utility Eskom to... 

Rosatom to aid IAEA in developing atomic infrastructures in new nuclear countries

By: Keith Campbell     25th April 2017 Russia’s national atomic energy group Rosatom and the International Atomic Energy Agency (IAEA) have concluded a Contribution Agreement, under which the group will help fund IAEA nuclear infrastructure development programmes, Rosatom announced on Tuesday. These programmes assist countries seeking... 

Western Cape to grow business ties with incoming French government

By: African News Agency      25th April 2017 The Western Cape Investment and Trade and Promotion Agency (Wesgro) said on Monday it was closely monitoring the remaining leg of the first round of France’s most contested and controversial election with the aim of growing business ties with France and the European Union (EU). Widely considered... 

Eskom confirms it wants exemption from ‘areas’ of national procurement regulations for nuclear

By: Megan van Wyngaardt     21st April 2017 State-owned power Eskom on Friday confirmed in a statement that it had raised concerns with National Treasury about “areas” of the current procurement regulations, specifically mentioning waivers of certain evaluation criteria that would be required to facilitate the “proposed nuclear new build... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Economic crossroads

By: Terence Creamer     21st April 2017 Unless and until the pall of political uncertainty is lifted, it seems almost futile to debate the changes required to elevate levels of growth and realign the country’s economic structures such that the benefits of higher growth flow progressively to those hitherto “left behind”. Indeed,... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Once again, we have a nonengineer as Energy Minister

By: Terry Mackenzie-hoy     21st April 2017 In the film The Remains of the Day, Anthony Hopkins is a butler in a large country house. It is before World War II. The upper-class guests are all discussing the state of the world and of Germany. Somebody suggests that the opinion of the people should be taken into account. The common people. A... 

The South African Revolution

By: Riaan de Lange     21st April 2017 Just over 100 years ago, a definitive event took place in a country with which South Africa has had an indifferent history. Since March 30, you can visit this country without a visa for a duration of up to 90 days. The visa-free travel arrangement is understood to mark the twenty-fifth... 

EDF's Hinkley Point project could be hit by construction worker strike

By: Reuters     20th April 2017 Workers on EDF's £18-billion ($23-billion) Hinkley Point C nuclear project in southwest England could go on strike over bonus payments, two labour unions said on Thursday. The GMB and Unite trade unions will hold a vote among 700 workers employed by the Bouygues-Laing O'Rourke (BYLOR)... 

Gold's top forecaster says prices may hit $1 350 by year-end

By: Bloomberg     19th April 2017 Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter. Prices could take a V-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises... 

Governments worldwide could save $1tr by adopting procurement best practices – McKinsey 

By: Terence Creamer     19th April 2017 Governments worldwide could reduce their current purchasing bill by 15%, or a combined $1-trillion, if they were to adopt best-practice procurement disciplines, a new study by the McKinsey Center for Government (MCG) claims. The study, titled ‘Government Productivity: Unlocking the $3.5-trillion... 

Koeberg Unit 2 shut down for planned maintenance

By: Megan van Wyngaardt     18th April 2017 Unit 2 of Eskom’s Koeberg nuclear power station was shut down on Monday for a scheduled refuelling outage, after a record 492 days of uninterrupted run. The refuelling outage will take about two months to complete, with Unit 2 expected back on line by May. Unit 1 is currently operating optimally... 

Exosun, Lesedi partnership to offer localised solar tracking solutions

By: Mia Breytenbach     14th April 2017 Global supplier of solar tracking solutions for ground-mounted photovoltaic (PV) plants Exosun and South Africa-based engineering, procurement and construction company Lesedi Nuclear Services have entered into a partnership to provide localised solar tracking systems in South Africa. “Lesedi will... 

France’s new nuclear firm pursuing SA research reactor deal

By: Keith Campbell     14th April 2017 Newly created French nuclear company TechnicAtome plans to bid for South Africa’s planned new research reactor. The South African Nuclear Energy Corporation (Necsa) is planning a p rogramme to replace its current research reactor, SAFARI-1, which is now more than 50 years old. "We are absolutely... 

Moz plant illustrates rapid commissioning potential of gas engines

By: Dylan Slater     14th April 2017 Electricity generation using gas as a fuel has great potential to meet the growing needs of many African countries, especially with a peaking-plant application, according to Cape Town-based engineering firm MTU South Africa, a subsidiary of UK-based engines, propulsion systems and distributed... 

Kouga municipality gears up for possible nuclear development

By: African News Agency      13th April 2017 Seven work groups are expected to be established to help prepare the Kouga municipal region for the construction of a nuclear plant at Thyspunt should the national power project receive the green light. Kouga executive mayor Elza van Lingen said the work groups will serve as subcommittees of the... 

Hinkley Point C nuclear power plant project, UK

By: Sheila Barradas     13th April 2017 The UK’s Office for Nuclear Regulation has granted its first consent for the start of construction of a nuclear power plant at Hinkley Point C. 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

Koeberg Unit 2 sets new record  

By: Anine Kilian     11th April 2017 Unit 2 of Koeberg power station on Monday achieved 485 days of continuous operation since its last outage.   “This is a new record and it further proves how reliable Africa’s only nuclear power station is,” State-owned Eskom interim CEO Matshela Koko said.   He added that Eskom takes pride in the... 

Stillwater transaction to test Trump team’s appetite for China deals

By: Bloomberg     10th April 2017 Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal. The Trump administration... 

Pushing ahead with nuclear deal will guarantee SA junk status, says DA 

By: African News Agency      10th April 2017 It is an undeniable fact that South Africa cannot afford, and does not need, government’s planned nuclear energy deal, the Democratic Alliance (DA) said on Sunday. Media reports on Sunday that the nuclear deal was going full-steam ahead were extremely concerning and would essentially guarantee... 

Opinion: Renewables IPP programme an example of impeccable governance

     7th April 2017 It is important to regularly pause, reflect and appreciate a job well conceived and well executed. Back in 2010, the South African government took the bold decision to create a legislative and practical environment in which the Department of Energy could procure power generated by private... 

Medupi power station project, South Africa

By: Sheila Barradas     7th April 2017 Eskom announced on April 3 that Unit 5 had reached commercial operation. 

Reflections on the IRP2016

By: Terry Mackenzie-hoy     7th April 2017 You probably do not know, but there has been much discussion concerning the Integrated Resource Plan of 2016 (IRP 2016). I am sure you have heard people discussing it at cocktail parties and children giving their views to one another in the playground during big break. In fact, just the other... 

CSIR’s formal IRP submission deviates dramatically from Base Case 

By: Terence Creamer     5th April 2017 The Council for Scientific and Industrial Research’s (CSIR’s) formal input into the Integrated Resource Plan (IRP) public consultation process, which ended on March 31, proposes a new-build mix that deviates materially from the IRP Base Case released by the Department of Energy (DoE) in November.... 

‘No firm decisions’ on nuclear, Gigaba insists as he seeks to soothe post-junk anxieties

By: Terence Creamer     4th April 2017 Finance Minister Malusi Gigaba has reiterated South Africa’s stance that the proposed nuclear programme be implemented only at a “pace and scale” that is affordable and denied that any “firm decisions” had been made on the issue, besides Cabinet’s endorsement of a plan to add 9 600 MW of new... 

High-temperature reactor phoenix emerging from PBMR ashes? 

By: Terence Creamer     3rd April 2017 Early-stage research into the possible revival of the Pebble Bed Modular Reactor (PBMR) has yielded a revamped reactor concept that incorporates an entirely new operational philosophy, as well as the use of construction materials and manufacturing techniques that were either not considered or... 

New LA-25-R LVDT Linear Position Sensor by Alliance Sensors Group for Extreme Environments

     3rd April 2017 Schaevitz LLC, Alliance Sensors Group is proud to release its LA-25-R series LVDT linear position sensors designed to handle the extreme industrial environments found in steam and hydro power plants; paper, steel, and aluminum mills; die and stamping presses; building and bridge monitoring; and... 

Treasury shoots down nuclear deal allegations

By: News24Wire      3rd April 2017 National Treasury on Sunday set the record straight on news that was circulating on social media of a nuclear deal allegedly signed by incoming Finance Minister Malusi Gigaba. African National Congress (ANC) member Sibusisiwe Mngadi had alleged on Facebook earlier on Sunday that “the nuclear deal... 

'PGxit' will lead to multiple downgrades, says Nomura

By: African News Agency      31st March 2017 The sacking of Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas would negatively affect the markets and put South Africa at risk for downgrades by rating agencies, emerging markets economist at Japanese investment bank Nomura, Peter Attard Montalto, said on Friday morning. “This is an... 

France sets up new nuclear company as part of restructuring process

By: Keith Campbell     30th March 2017 The latest step in the restructuring of the French nuclear industry was announced on Thursday evening. Areva TA (responsible for propulsion and research reactors) has been separated from its parent company, Areva SA (Société Anonyme) and set up as an independent company in its own right. The new... 

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