update kap - vorab inkai ist wieder in produktion // term prices über spot
Update on JV Inkai Operations
As was announced on 2 January, JV Inkai LLP had to temporarily suspend its production activity at block No. 1 of Inkai deposit since 1 January due to absence of required approvals from the state authorities, resulted from delayed submission of the corresponding documentation.
As of the publication date of this report, JV Inkai LLP has resolved the approval issue and has resumed its mining operations at block No. 1 of Inkai deposit. Potential impact of JV Inkai's production suspension on Kazatomprom's 2025 production plans is currently being assessed.
Kazatomprom remains fully committed to fulfilling contractual obligations towards all existing customers and has sufficient level of inventories to comfortably manage its deliveries throughout 2025.
Turning to demand-related developments, the following are worth mentioning:
· China's first Guohe One (CAP1400) reactor with a capacity of 1,400 MW was connected to the grid at Huaneng Group's Shidaowan NPP on 4 November. The CAP1400 is a scaled-up version of the CAP1000 reactor based on the AP1000 design developed by the Westinghouse.
· On 21 November, Brazil's National Nuclear Energy Commission extended Eletronuclear's operating license for Unit 1 of the Angra NPP by 20 years, now valid until 2044.
· In December, EDF Energy announced extensions to the operational life of 4 nuclear power sites in the United Kingdom. Heysham 1 and Hartlepool Advanced Gas Cooled Reactor have been authorised to continue operating until March 2027, while Heysham 2 and Torness AGR plants will operate until March 2030.
· Swiss utility Axpo announced its decision to secure the operation of the Beznau NPP by investing CHF 350 million (USD 400 million), thus extending the operations of the Unit 2 until 2032 and Unit 1 until 2033.
· Chugoku Electric Power Co. announced the restart of Unit 2 at the Shimane NPP in Japan, following a 12-year shutdown after the Fukushima accident in 2011.
· EDF reported that Flamanville 3, featuring a 1,630 MW EPR reactor, initially slated for commercial start-up in 2013 has been finally connected to the French grid.
· Tohoku Electric Power Co. announced that Unit 2 at the Onagawa NPP has commenced commercial operation, marking it the first BWR restarted in Japan since the Fukushima accident in 2011.
· Ontario Power Generation (OPG) announced that Unit 4 of the Pickering NPP, with a 500 MW CANDU reactor, was permanently shut down after more than 50 years of operation. Simultaneously, OPG is working on refurbishment of the Pickering Units 5-8 to bring them back online by the mid-2030s.
· On 2 January, China National Nuclear Corporation announced that Zhangzhou NPP Unit 1, with a capacity of 1,000 MW, entered commercial operation just over five years after the start of construction. It is the first of six Chinese-designed Hualong One (HPR1000) reactors planned at the site.
On the supply side:
· Paladin Energy Ltd. announced revised production plans for its Langer Heinrich mine in Namibia for 2025. Following ongoing challenges and operational variability, the company lowered its 2025 output forecast from 4.0-4.5 million lbs U3O8 to 3.0-3.6 million lbs U3O8.
· Canadian GoviEx Uranium, along with its subsidiary GoviEx Niger Holdings Ltd., commenced legal action against the Government of the Republic of Niger regarding the revocation of its mining license at the Madaouela deposit. The lawsuit was filed under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States.
· On 20 December, Orano confirmed that the ruling Government of the Republic of Niger had taken control of SOMAÏR, in which French company owns a 63.4% share and runs the Arlit uranium project. Another Orano asset in Niger had been facing challenges since June 2024, when the local government revoked Orano's mining license for Imouraren, one of the world's largest uranium deposits. In response, the French company initiated an arbitration procedure against the State of Niger late December. Furthermore, on 21 January, Orano has also initiated a second arbitration procedure against the State of Niger regarding the loss of operational control over SOMAÏR.
· After a five-year suspension, operations resumed at the Lance in-situ recovery (ISR) uranium mine in Wyoming, USA starting 21 December. The project is owned by Australia's Peninsula Energy Ltd. through its U.S. subsidiary, Strata Energy Inc. The first batch of yellowcake from the site is expected in March 2025. Upon completion of construction, the mine's production capacity is projected to reach 2 million lbs U3O8 (769 tU) per year.
· On 27 December, the Government of Mongolia announced that France's Orano Mining Group had submitted a preliminary development plan for the Zuuvch Ovoo ISR deposit. Initial investment in the project is estimated at USD 500 million, with total investment estimated at up to USD 1.6 billion. The preparatory stage is scheduled until 2027, with the first production expected in 2028 reaching its peak production of 2,600 tU (6.76 million lbs U3O8) by 2044.
· On 10 January, the China Geological Survey announced that following extensive geological exploration activities carried out since 2021 a substantial uranium deposit was discovered in the Ordos Basin in the Jingchuan region. The discovery will significantly increase and enhance the security of China's uranium resources.
) könnten munkeln, fast passend zur sage.
- gerade hier im goldseitenforum.
![[smilie_happy]](https://goldseiten-forum.com/wcf/images/smilies/smilie_happy_058.gif "smilie_happy")
2023 china electricity report im anhang.
