World nuclear generating capacity is set to continue to grow according to the World Nuclear Association's newly published biennial report on the nuclear fuel market. Projections of installed capacity - and the uranium required to fuel it - have been revised downwards since the 2015 edition but still represent a higher growth rate than any seen since 1990.

The Sultanate of Oman is to become a long-term strategic investor in Berkeley Energia through an investment agreement worth up to $120 million. The investment means that the Salamanca uranium project in western Spain is now fully funded and can proceed to production.

China and Pakistan have agreed to cooperate in uranium exploration and mining. China National Nuclear Corporation (CNNC) said it had signed a framework agreement with the Pakistan Atomic Energy Commission yesterday for technical cooperation in the exploration and development of uranium resources. China signed a similar agreement with Saudi Arabia earlier this year.

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

Uranium One subsidiary Mantra Tanzania has applied to suspend the Mkuju River project in Tanzania due to depressed uranium prices, the company has confirmed.

Paladin Energy Ltd has today appointed administrators after it was unable to agree a delay to the repayment of $277 million it owes Electricité de France. The administrators will continue to operate the company on a business-as-usual basis until further notice.

The Western Australian government has imposed a ban on future uranium mining leases, but says it will not stand in the way of four uranium projects approved by the state's previous government.

JSC Dalur has received a permit to develop the Dobrovolnoye uranium deposit in the Kurgan region of Russia. JSC Dalur is a subsidiary of ARMZ, the uranium mining division of state nuclear corporation Rosatom. The permit was issued according to government decree dated 3 June, ARMZ said on 5 June.

Authorities in Greenland have carried out robust safety and security preparatory work for a possible rare earth and uranium mine, International Atomic Energy Agency (IAEA) director general Yukiya Amano noted during a visit to the country.

Uranium Energy Corp (UEC) has entered a definitive share purchase agreement with Pacific Road Resources Funds to acquire all issued and outstanding shares of Reno Creek Holdings. The agreement allows UEC to buy 100% of Pacific Road's fully permitted Reno Creek in-situ leach project in the Powder River Basin, Wyoming. Pacific Road, a mining private equity firm, will own about 9% of UEC's common shares at closing of the transaction.

Some of the world's leading uranium miners last week described major changes they have made in response to the protracted downturn in uranium prices. At the same time, they are positioning themselves for an expected pickup in demand.

KazAtomProm's newly created trading subsidiary TH Kazakatom will bring much needed liquidity to the uranium spot market, its chief commercial director Riaz Rizvi has told the World Nuclear Fuel Cycle conference in Toronto, Canada. Rizvi said that, as part of KazAtomProm's ongoing Transformation Program, it had established a trading office in Switzerland to buy and sell uranium on the spot market.