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KIVALLIQ ENERGY CORPORATION V.KIV

"Kivalliq Energy Corp is a Canadian based exploration stage company. It focuses on the acquisition, exploration and development of mineral resources. Kivalliq’s uranium and precious metal exploration projects comprise Angilak, Baker Basin, Genesis, Hatchet Lake, and Baffin Gold. All of the company’s equipment and exploration and evaluation assets are located in Canada."


TSXV:KIV - Post by User

Post by shakerman640on Apr 14, 2015 3:38am
159 Views
Post# 23626211

Reuters: Japan court halts restart of two nuclear reactors

Reuters: Japan court halts restart of two nuclear reactors https://uk.reuters.com/article/2015/04/14/japan-nuclear-idUKL4N0XB06920150414

Japan court halts restart of two reactors in blow to nuclear sector

* Second ruling against nuclear plants in a year

* Ruling raises questions Japan's new nuclear safety regime

* Kansai Electric says to appeal (Recasts with ruling, adds detail)

By Kentaro Hamada and Mari Saito

FUKUI, Japan, April 14 (Reuters) - A Japanese court on Tuesday issued an injunction to prevent the restart of two reactors citing safety concerns, in a blow to Prime Minister Shinzo Abe's push to return to atomic energy four years after the Fukushima crisis.

It is the second court ruling in less than a year against reactors operated by Kansai Electric Power, the country's most nuclear reliant utility before Fukushima.

Local residents had sought an injunction against the No. 3 and 4 reactors at Takahama, arguing that restart plans underestimate earthquake risks, fail to meet tougher safety standards and lack credible evacuation measures.

A court official confirmed the ruling to Reuters, but did not provide details.

Public broadcaster NHK Television said the ruling stated that safety at Kansai Electric's Takahama plant west of Tokyo cannot be assured and the regulator's standards "lack rationality."

The ruling places a question mark over Japan's beefed up nuclear safety after Fukushima.

The reactors, located on the coast of Fukui prefecture in western Japan, have met safety regulations set by Japan's nuclear regulator and were expected to be restarted some time this year.

Kansai Electric said it would appeal the decision, but it could mean months, even years of delays and hundreds of millions of dollars in losses for the utility, which is about to report a fourth annual loss since Fukushima.

Shares in the utility initially fell after ruling, before rebounding.

For Abe, resuming nuclear power - which supplied nearly one-third of Japan's electricity pre-Fukushima - is key to lifting the world's third-biggest economy out of two decades of anaemic growth.
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