Browsing All Posts filed under »CHINA«

CHINA | Giant tent being built to cover Japan nuclear reactor

August 13, 2011

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CHINA | CHINA POST | 13 August 2011 TOKYO — The operator of Japan’s damaged Fukushima Dai-ichi nuclear power plant is building a huge tent to cover one of the worst-hit reactors, officials said Friday. Officials hope the cover will keep radioactive materials that have already leaked from spreading, prevent rainwater seepage and offer a […]

CHINA | Uranium imports in marked decline

August 3, 2011

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CHINA | CHINA DAILY | 3 August 2011 Energy industry waiting for new plan following Japan nuclear crisis Beijing – Imports of uranium slowed during the first half of this year, amid industry uncertaintycaused by Japan’s Fukushima nuclear crisis. China imported 5,356 tons of uranium in the first six months of 2011, a 13 percent year-on-year drop, according to figures released by the General Administration of Customs. In the corresponding period last year, China imported 6,065 tons of the nuclear fuel, 2.5 timesthe amount for the previous year. In 2010, China tripled its uranium imports from 2009 levels to 17,136 tons. The slowdown suggests that uranium importers, including China National Nuclear Corp andChina Guangdong Nuclear Power Group (CGNPG), are still uncertain about the industry’sprospects before the central government issues the revised nuclear development plan, XuYing, industry analyst at Donghai Securities, said. China suspended approvals for new nuclear projects following the Fukushima accident inMarch and launched a six-month long national nuclear facility safety check in April. The government will resume project approvals after a nuclear power safety plan is released. Another reason for the slowdown may be that uranium suppliers are unwilling to sell at lowerprices, Xiao Xinjian, industry expert at the Energy Research Institute of the NationalDevelopment and Reform Commission, said. In 2007, the spot price for uranium reached a record high of $136 a pound. In February of thisyear it was at $70 a pound but plunged to $49 in March following the Fukushima accident. It stood at $51.75 a pound at the end of July. “The uranium price is recovering slowly after the nuclear crisis, indicating that China, one ofthe most important buyers, is not buying much at this low point,” Xu said. Increasing demand for new nuclear power reactors, especially from China, the United States,Russia, Ukraine and India, will see the uranium market rebound, according to Australia-basedResource Capital Research. According to the International Energy Agency (IEA), China’s uranium consumption will reach4,402 tons in 2011 while its production capacity stood at 827 tons in 2010. China has 14 nuclear reactors in operation, 26 under construction and 52 in the planning stageas of July, according to the IEA. China will put two reactors into operation this year, the energy institute’s Xiao said. Last month, a Sichuan-based private company – Hanlong Mining Investment – made a $145million bid for Australia’s Bannerman Resources which has uranium projects in Namibia,indicating that China’s appetite for the resource has not been diminished by the Japan crisis. This came two months after State-owned CGNPG was forced to withdraw an offer for UK-listedKalahari Minerals after UK regulators blocked it from cutting its bid following the Fukushimadisaster. The uranium subsidiary of CGNPG said in May that it is developing two large mines inGuangdong province and the Xinjiang Uygur autonomous region, which will bring an additional1,000 tons annual production capacity to the country by 2013. China will account for 20 percent of the world’s uranium demand by 2020, Resource CapitalResearch said.

CHINA | Pacific waters off Japan’s Fukushima clearly affected by nuclear crisis: China’s oceanic administration

July 31, 2011

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CHINA | XINHUA | 31 July 2011 Waters in the Western Pacific region east and southeast of Japan’s Fukushima are “clearly affected” by the radioactive materials leaked from the crippled nuclear power plant in Fukushima, according to a statement from China’s State Oceanic Administration on Sunday. Initial tests of samples collected from these areas show […]

CHINA | Japanese PM foresees nuclear-free nation, no mention of stepping down

July 13, 2011

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CHINA | XINHUA | 13 July 2011 TOKYO, July 13 (Xinhua) — Japanese Prime Minister Naoto Kan on Wednesday said that he would pursue renewable and natural energy sources as the cornerstone of the future of Japan’s energy policies, but declined to mention when he would step down for his bungled handling of the ongoing […]

CHINA | IAEA states pledge to strengthen nuclear safety measures

June 20, 2011

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CHINA | XINHUA | 20 June 2011 VIENNA, June 20 (Xinhua) — Member states of the International Atomic Energy Agency (IAEA) on Monday vowed to strengthen nuclear safety measures, in order to minimize the risk of future nuclear accident. A declaration was adopted at the ongoing IAEA ministerial conference on nuclear safety, expressing member states’ […]

CHINA | Tainted water swells at Japan nuke plant

June 19, 2011

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CHINA | CHINA DAILY | 19 June 2011 TOKYO – The operator of Japan’s crippled Fukushima Dai-ichi nuclear plant is preparing to open a door of a reactor building to allow workers to install a cooling system and equipment to prevent an explosion. Tokyo Electric Power Co. says radiation that will be released by ventilating the […]

CHINA | Most French want to drop use of nuclear power: poll

April 14, 2011

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CHINA | THE CHINA POST | 14 April 2011 PARIS — A majority of French people want to get rid of nuclear power, a poll on Wednesday showed, underscoring the impact of the Fukushima disaster on public opinion around the world. The poll conducted by OpinionWay found that 57 percent of respondents were generally in […]