This site recently mentioned that China’s new nuclear power generation target for 2020 is 70GW an increase from 40GW two years ago and 60GW last year. China is also planning to build or have in process of being built 100 AP-1000 nuclear reactors.
Electricité de France (EdF) finalises a joint venture with the China Guangdong Nuclear Power Company enabling it to co-own and operate two nuclear reactors at Taishan, the China National Nuclear Corp has announced work will start on another nuclear power station in Hainan by the end of 2009. So three nuclear reactors that each will generate 1650MW. In addition to the two Changjiang reactors, work is expected to begin on a further 14 units in China over the next two years.
Bannerman Resources has announced a fivefold boost in indicated resources at its Goanikontes deposit in Namibia. The overall resource estimate increased by 48%.
The company is proceeding to a definitive feasibility study for mining, due for completion by March 2009, with the intention of producing a reserve statement, and possibly moving to mine production in 2011. A preliminary study on mining the deposit was undertaken last year, and showed good prospects for an open pit mine producing 2500 to 3500 tU per year. A preliminary mine plan put production costs at around $60/kgU. Capital costs, including an acid plant, were estimated at $467 million.
Exploration drives uranium resources up 17% Worldwide around 5.5 million tonnes of uranium that could be economically at $59/lb mined has been identified. The category of uranium that could be expected to be found based on the geologic characteristics of known resources has grown by 500,000 tonnes to 10.5 million tonnes.