Bushehr Nuclear Plant Output to Increase

"Bushehr plant produced 6.5 billion kilowatt-hours of electricity in the previous fiscal year (ended March 20). That was 2% of total power output," Hossein Ghaffari was cited as saying by Tasnim News Agency on Monday. He made the remark on the occasion of the National Nuclear Technology Day on April 9. "Plans are in place to raise the Bushehr power plant's output to 7 billion kWh in the present fiscal. The plant has produced more than 20 billion kWh of electricity since its launch in 2011," said the official. Iran is developing two more nuclear reactors in Bushehr in collaboration with Russia. The new nuclear projects will cost upwards of $10 billion. Operations are to start in 2024. With a combined power production capacity of 1,057 megawatts, the new plants will boost total nuclear power output to 2,100 MW. Thermal power plants are the pillar of Iran's energy mix, comprising more than 80% of its installed capacity that is approximately 75,000 megawatts. Tehran says nuclear power, as a clean and sustainable source of energy, will stabilize electricity supply, cut fossil fuel consumption and help protect the environment. However, some analysts and experts have questioned the financial viability of nuclear power, and assert that Iran would be better off by diverting investment toward renewable energies and gradually move away from fossil fuels and costly nuclear reactors.source: Financial Tribune

Bushehr Nuclear Plant Output to Increase

Copper slips as US data stokes worries about rate-cut policy

El Salvador sitting on $3 trillion worth of unmined gold, president says

Gold price could extend record run into 2025, Heraeus says

Trump tariff risk roils gold and silver as New York prices jump

Rio Tinto’s $2.5 billion lithium plan is a win for Milei

Copper price jumps on China policy, but we’ve been here before

Zimbabwe wants 26% free-carry stake in new mining projects

Glencore ties up with Cyclic Materials in copper recycling push

Lithium supply surplus set to stay with battery makers’ help

China tightens rules to curb methane emissions from coal mines

Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant

Arcadium Lithium investors sue miner over Rio Tinto takeover

Skeena advances Eskay Creek permitting, unlocks Orion funding

US foreign investment panel split on Nippon-US Steel deal

Norge Mining acquires Europe’s largest natural graphite producer

Australia’s CEFC invests $75m in homegrown critical minerals

Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade

Mobarakeh steel is producing green steel through scrap recycling

BHP seeks Brazil growth to emerge from shadow of mining disaster

Norilsk Nickel plans to sell all it produces in 2025