Saudi to extract uranium for self-sufficient nuclear program

Agencies
October 31, 2017

Abu Dhabi, Oct 31: Saudi Arabia plans to extract uranium domestically as part of its nuclear power program and sees this as a step toward “self-sufficiency” in producing atomic fuel, a senior official said on Monday.

Extracting its own uranium also makes sense from an economic point of view, said Hashim bin Abdullah Yamani, head of the Saudi government agency tasked with the nuclear plans, the King Abdullah City for Atomic and Renewable Energy (KACARE).

The Kingdom says it wants to tap atomic power for peaceful purposes only in order to diversify its energy supply, and will award a construction contract for its first two nuclear reactors by the end of 2018.

“Regarding the production of uranium in the Kingdom, this is a program which is our first step toward self-sufficiency in producing nuclear fuel,” Yamani told a conference organized by the International Atomic Energy Agency (IAEA). “We utilize the uranium ore that has been proven to be economically efficient.”

Atomic reactors need uranium enriched to around 5 percent purity, but the same technology in this process can also be used to enrich the heavy metal to higher, weapons-grade levels.

Saudi Arabia would be the second country in the Arab Gulf region to tap nuclear after the UAE, which is set to start up its first, South Korean-built reactor in 2018. The UAE has committed not to enrich uranium itself and not to reprocess spent fuel.

Industry sources have told Reuters Saudi Arabia is reaching out to potential vendors from South Korea, China, France, Russia, Japan and the US for its first two reactors.

The plans have received extra momentum as part of Saudi Arabia’s Vision 2030, an ambitious economic reform program launched last year by Crown Prince Mohammed bin Salman.

Yamani said Saudi Arabia will soon pass laws for its nuclear program, and will have set up all of the regulations for its nuclear regulator by the third quarter of 2018.

“The IAEA also has been requested to conduct an integrated review of our nuclear infrastructure during the second quarter of 2018,” he said, which will allow the agency to assess efforts to prepare Saudi infrastructure “to introduce nuclear power for peaceful purposes.”

Saudi Arabia is considering building some 17.6 gigawatts of nuclear capacity by 2032, the equivalent of about 17 reactors, making it one of the strongest prospects for an industry struggling after the 2011 nuclear disaster in Japan.

Preliminary studies have estimated Saudi Arabia has around 60,000 tons of uranium ore, Maher Al-Odan, the chief atomic energy officer of KACARE, said at an electricity forum in Riyadh on Oct 11.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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KT
April 14,2020

Dubai, Apr 14: Saudi Arabia reported 435 new cases of coronavirus, bringing the total number of infections in the country to 5369, the Ministry of Health announced on Tuesday.

According to the ministry of health the number of recoveries today are 84 cases, making total of recoveries in the kingdom 889.

The ministry also confirmed 8 deaths bringing the total number of deaths in the kingdom to 73.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice.

Containment efforts
Saudi authorities are racing to contain an outbreak of coronavirus in the Islamic holy city of Mecca.

The total number of coronavirus cases reported in Mecca, home to 2 million people, reached 1,050 on Monday compared to 1,422 in the capital of Riyadh, a city more than three times the size. Mecca’s large number of undocumented immigrants and cramped housing for migrant workers have made it more difficult to slow the infection rate.

Saudi Arabia has reported one of the lowest rates of infection in the region, with around 5,000 cases in a population of over 30 million.

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News Network
April 10,2020

Dubai, Apr 10: Saudi Arabia reported 364 new coronavirus cases and three new virus-related deaths, the Ministry of Health announced on Friday.

The total number of confirmed cases in the Kingdom is 3,651, out of which 2,919 are currently active, the ministry added.

Out of the new cases, 90 were recorded in Mecca, 78 in Medina, 69 in Riyadh, and 54 in Jeddah, the ministry said.

Meanwhile, the number of fatalities rose to 47, while th number of recoveries reached 685.

The daily number of confirmed cases in Saudi Arabia has not peaked yet, and has been rapidly accelerating.

Saudi Arabia’s Minister of Health had said earlier this week that four different studies showed that the number of coronavirus cases in the Kingdom could reach between 10,000 to 200,000 within weeks.

The ministry spokesman emphasized the urgent need for citizens and residents to remain at home and maintain social distancing practices to ensure that the virus does not spread further.

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