Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.
According to the University of Oxford’s Smith School of Enterprise and the Environment, Japan’s plants are set to become stranded assets as a result of overcapacity and cheaper power sources, such as renewables.
Amir Adnani the CEO, President and Director of Uranium Energy Corporation (UEC), discusses the current state of Energy at the Oxford Club Investment U Conference.