The US produced more uranium in the second quarter of 2016 than in the first, according to the latest update from the US Energy Information Administration (EIA). Production for the first half of 2016 remained lower than the same period in 2015.

Areva Resources Canada said it is "very disappointed" with a decision by Canadian ministers not to approve the proposed Kiggavik uranium project. The project has been placed in in care and maintenance while the company considers its next steps.

The Canadian government has agreed with a 2015 recommendation by the Nunavut Impact Review Board that the Kiggavik uranium project should not proceed at this time, but said proponent Areva Resources Canada may resubmit the project for consideration in the future.

Bannerman Resources has completed work to de-risk the heap leaching process it intends to use at its Etango uranium project in Namibia. The fifth and final stage of testing is now underway at the Etango heap leach demonstration plant.

Paladin Energy has announced plans to sell 24% of the Langer Heinrich uranium mine in Namibia and up to 75% stake of its Manyingee project in Western Australia. The transactions stand to raise over $200 million.

Toro Energy has signed a mining agreement with the Wiluna People, the traditional owners of land including uranium deposits the company proposes to mine as part of the Wiluna project in Western Australia.

France's Areva today presented plans for the sale of a majority stake of its reactor business to EDF and a restructuring through the creation of a new company focused on the nuclear fuel cycle. The process is expected to be completed next year.

US uranium producer Ur-Energy has announced cost-saving measures with workforce reductions across all of its locations including the Lost Creek site in Wyoming, citing uranium spot market conditions. The company currently has no plans for further exploration at its Wyoming sites.

Regular deliveries of drummed uranium from Peninsula Energy's Lance projects have commenced as the company continues to ramp up production at the Wyoming in-situ leach operation.

The McClean Lake uranium mill in northern Saskatchewan has obtained authorization from the Canadian nuclear regulator almost to double its annual production.

Cameco and KazAtomProm have agreed to restructure the Inkai jont venture, extending their cooperation in the Kazakh in-situ leach (ISL) uranium project until 2045. The agreement will see Kazatomprom increase its share of the joint venture to 60% with Cameco becoming a minority owner.

China General Nuclear announced it has signed an agreement with Canadian uranium mining company Cameco to further expand and deepen their cooperation in the joint development of uranium resources.