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It’s investors show unusual patience while the firm plugs for a Department of Energy $2 billion loan guarantee USEC ( NYSE:USU ) announced Aug 15 that it has entered into an amendment to its standstill agreement with Toshiba America Nuclear Energy Corporation (Toshiba), and Babcock & Wilcox Investment...

What does DOE want in return for a loan guarantee? This is my coverage, as published, by Fuel Cycle Week V10:N410 of 2/3/11; International Nuclear Associates, Washington, DC. Financially challenged USEC ( NYSE:USU ) could succeed in building the new American Centrifuge Plant (ACP) by 2015, if all of...

Getting the government to give up its uranium enrichment program is the key issue Iran started this month inserting 163 fuel assemblies into a Russian built 1000 MW VVER light water reactor located at Bushehr on Iran's Persian Gulf coast. In a few months, technicians will withdraw controls rods to...

Nonproliferation objectives get attention from Congress and China The Wall Street Journal reports Aug 3 that US talks with Vietnam about its plans to build nuclear reactors has “unsettled“ key members of Congress. The Hindu, one of India’s largest newspapers, reports Aug 9 that China is annoyed by reports...

The first commercial enrichment plant built in the U.S. can begin commercial operations Anyone who thinks there isn’t going to be a nuclear renaissance in the U.S. needs to take a look at the multi-billion bet placed by Urenco at the Louisiana Energy Services plant in Eunice, NM . The NRC said in a statement...

DOE runs concept up flagpole with House Appropriations Committee The Chillicothe Gazette, a southern Ohio newspaper, reports March 27 that Department of Energy Secretary Steven Chu told the House Appropriations Committee this week he wants to give $2 billion loan guarantees to both USEC and Areva for...

U.S. and France dismiss results as “politics not physics,” but the threat is real Iran’s President Mahmoud Ahmadinejad (right) claimed this week in a speech marking the 31st anniversary of the Islamic Revolution that it has the capacity to make “weapons grade” uranium which could lead to the fabrication...

NRC public meeting is rally point for 'Eagle Rock' uranium enrichment plant On a cold winter night in Idaho more than 400 people turned out  in Idaho Falls packing a hotel conference room to standing room only in a show of support for Areva's planned $2.4 billion 'Eagle Rock'...

The Idaho Falls company will build a uranium enrichment tails processing facility International Isotopes ( OTC:INIS ) announced June 4 it   plans to construct a commercial facility to process depleted uranium hexafluoride (UF6) tails from commercial uranium enrichment operations.  There...

French nuclear giant selects site near Idaho Falls The Associated Press reports , with quotes from Areva executives, that the company has chosen a site near Idaho Falls, ID, for a $2 billion uranium enrichment plant. Economic development officials in Idaho confirmed to me in phone calls this morning...

Sen. Pete Domenici (R-NM) is said to have told economic development officials in that state that French nuclear giant Areva has chosen a site near Idaho Falls for a $2 billion uranium enrichment plant. The Current Argus in Carlsbad, NM, published the story late Monday evening. Text of the report follows...

Industrial revenue bonds are a key feature Efforts in New Mexico to secure Areva's $2 billion uranium enrichment plant hinge on the use of industrial revenue bonds. According to a report in the Las Cruces Sun, Lea County Commissioners have approved economic incentives that local officials hope will...

Incentives are aimed at landing a $2 billion uranium enrichment facility in Idaho The Idaho Senate today passed two bills by 2:1 margins aimed at providing tax incentives designed to attract a $2 billion uranium enrichment plant. The site under consideration by French nuclear giant Areva is located west...

That was the week that was The race to land a deal for a $2 billion uranium enrichment plant is coming down to the final lap. It's not NASCAR, but plenty is known about the five leaders in the pack based on reports in the news media. There are five sites that have been confirmed in the news media...

Idaho Falls was worried the Senate might ice the puck and stop their efforts The Associated Press reports that the Idaho Senate Local Government & Taxation Committee, in a squeaker of a vote at 5-4, approved a measure that would cap the taxable value of a possible Areva uranium enrichment plant near...

The cat might be out of the bag with comments from one of the firm's VPs Oregon Public Broadcasting reports that a senior Areva executive says that even with the legislation now pending in the Idaho state legislature, it still isn't as competitive as Washington state where Areva already has a...

Regional synergy with LES plant in New Mexico possible. Andrews, Texas is just across the border from the LES uranium enrichment plant now under construction in New Mexico. Economic development officials in that town today revealed they are in the running for a $2 billion uranium enrichment plant to...

French nuclear giant is beating the bushes for greenbacks Not unlike a safari in Africa, Areva has a line of beaters flushing economic incentives out of the underbrush of state economic development efforts. It's working. After taking Lynchburg, VA, off-the-table on Monday this week Areva named Richland...

Four sites still have a shot Areva has taken its Lynchburg, VA, site out of the running for a $2 billion uranium enrichment plant. Laurence Pernot, spokeswoman for Areva NC, said Monday that the company is no longer considering any sites in Virginia for the $2 billion uranium enrichment facility it plans...

Idaho and New Mexico sites report contacts French nuclear giant Areva is still looking for a U.S. location for its planned $2 billion uranium enrichment plant. Scouts from the company turned up in Idaho Falls, ID, and Hobbs, NM, last week and said they were also evaluating three other unnamed locations...

Uranium enrichment plant targeted for site near the INL The Associated Press reports Areva Inc., a French government-controlled nuclear energy company, is in talks with officials in Idaho and other U.S. states over a planned $2 billion uranium enrichment facility that by 2014 could supply fuel to commercial...

And also build a uranium enrichment plant to fuel them China and Russia signed a multi-billion dollar deal this week for nuclear reactors and a uranium enrichment plant all to be built by the Russians at Chinese sites. The deal comes just two weeks before French President Nicolas Sarkozy is scheduled...

Chatham deposit discovered in 1982 could be worth $10 billion In 1982 the Marline Uranium Corporation today annnounced the discovery of a significant uranium deposit in Pittsylvania County that the company said was among the richest finds in the United States. The firm said at the time about 30 million...

Lynchburg is already home to nuclear giant BWXT According to a report in the Danville, VA, Register & Bee, AREVA is negotiating for a site for a uranium enrichment plant in Lynchburg, VA. The paper reports that Walter Coles, of Chatham, told a meeting of more than two dozen concerned residents that...

Energy strategy will reserve uranium for its own reactors Reuters reports that South Africa declined an invitation to join a U.S.-initiated multilateral nuclear supply pact because it could undermine Pretoria's plan to revive uranium enrichment on its own soil. South Africa's no-show at a 16-nation signing...