This is a brief update produced by I2M’s Michael D. Campbell, P.G., P.H., Henry M. Wise, P.G. (of SWS Environmental Services, LLC), and I2M’s M. David Campbell, P.G. since the 2017 Annual Report from the Chair, Uranium (Nuclear and Rare Earth) Committee of the Energy Mineral Division (AAPG) was released April 1, 2017. Some 99 nuclear power plants in the U.S. remain in operation, a few are scheduled for retirement, two new reactors are being built in Georgia. Japan is slowly upgrading and re-starting its fleet of nuclear power plants after Fukushima. China is rapidly building some 25 new plants and hundreds more are planned, along with financially underwriting the construction of more than 40 projects in joint ventures with other countries.
Russia too is building new nuclear plants at home, and they are testing a “fast breeder” design that consumes most waste. Russia is building nuclear plants on behalf of other countries as well, and providing financing in competition with China. India has turned to nuclear to ramp up electricity production to match population growth rates and is also working on “fast breeder” designs. Other countries are also building nuclear plants funded from a variety of sources. For the details on the above topics and more. The update focuses on the holdings of Uranium One in the United States.
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