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Canadian uranium operations suspended in response to COVID-19

Canadian uranium operations suspended in response to COVID-19

Cameco is temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan and placing the facility in safe care and maintenance mode during the COVID-19 pandemic. In consultation with Cameco, Orano Canada Inc is suspending production at its McClean Lake uranium mill, where ore from Cigar Lake is processed. The suspensions at both operations are expected to last at least four weeks.

Covid-19 24 March 2020

Challenging times highlight supply chain importance, says UEC chief

Challenging times highlight supply chain importance, says UEC chief

Recent global events and supply disruptions have highlighted the importance of domestic supply chains, the CEO of US uranium producer Uranium Energy Corp said today. The company has postponed plans to resume a drilling programme at its Burke Hollow in-situ leach project until market conditions "normalise".

Uranium & Fuel 20 March 2020

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Cameco optimistic about uranium market

Canadian uranium operations suspended in response to COVID-19

Challenging times highlight supply chain importance, says UEC chief

Uranium firms adjust to COVID-19 impact

Denison sees increasing prospects for Canadian ISL

Malawi uranium mine sale completed

Romanian rescue loan broke EU rules, inquiry finds

Orano sees 10 more years for Niger uranium project

Uzbekistan plans to modernise mining company

Uranium firms adjust to COVID-19 impact

Uranium firms adjust to COVID-19 impact

Kazatomprom's uranium inventory will enable it to meet its commitments should mine production or the ability to physically deliver material be impacted by the COVID-19 outbreak, the company said yesterday. Meanwhile, GoviEx Uranium Inc has cancelled the second tranche of a non-brokered private placement offering, while NxGold Ltd and Mega Uranium Ltd have mutually agreed not to proceed with a proposed business change that would have seen Nx become a uranium-focused investment issuer.

Covid-19 17 March 2020

Malawi uranium mine sale completed

Malawi uranium mine sale completed

Australian-based exploration company Lotus Resources Ltd has completed the acquisition of the Kayelekera Uranium Mine in Malawi from Paladin Energy. The mine produced 10.9 million pounds of uranium (4193 tU) from 2009 to 2014 but has been on care and maintenance since then.

Uranium & Fuel 16 March 2020

Orano sees 10 more years for Niger uranium project

Orano sees 10 more years for Niger uranium project

France intends to ensure the continuity of uranium production in northern Niger, Nicolas Maes, head of Orano's mining business unit, said following an 11 March audience with Nigerien Prime Minister Birgi Rafini. This will mean ensuring that Orano subsidiary Somaïr can continue operating for as long as possible, or at least until the Imouraren project resumes, he said.

Uranium & Fuel 13 March 2020

Denison sees increasing prospects for Canadian ISL

Denison sees increasing prospects for Canadian ISL

Work done during 2019 to further de-risk the use of in-situ leach methods at the Phoenix uranium deposit at Wheeler River means the prospect of successfully bringing ISL uranium mining to Canada's Athabasca Basin is higher than it has ever been, Denison President and CEO David Cates said yesterday in the company's 2019 results.
 

Uranium & Fuel 06 March 2020

Uzbekistan plans to modernise mining company

Uzbekistan plans to modernise mining company

The president of Uzbekistan, Shavkat Mirziyoyev, last week chaired a meeting on plans to reform fully state-owned enterprise Navoy Mining and Metallurgical Plant. The country's largest industrial enterprise, NMMP produces gold, uranium and rare metals as well as other products.

Corporate 02 March 2020

Romanian rescue loan broke EU rules, inquiry finds

Romanian rescue loan broke EU rules, inquiry finds

Romania must recover around EUR13 million (USD14 million) of rescue funding from uranium company Compania Națională a Uraniului SA after the European Commission found a restructuring plan for the company did not meet European Union rules on state aid.

Corporate 25 February 2020

US uranium reserve proposal receives positive response

US uranium reserve proposal receives positive response

US uranium companies have responded favourably to the Administration's 2021 budget request of USD150 million in funding to set up a uranium reserve. Energy Fuels CEO and President Mark Chalmers said the development was "an important step toward addressing the devastating impact of our nation's overdependence on uranium imports from Russia and its allies, which is displacing free market uranium and forcing US mines out of business".

Uranium & Fuel 13 February 2020

US budget request includes USD150 million for uranium reserve

US budget request includes USD150 million for uranium reserve

The US Administration's 2021 budget request unveiled yesterday by President Donald Trump includes USD150 million to set up a uranium reserve to address challenges to the production of domestic uranium. This would ensure a backup supply of uranium in the event of a significant market disruption and support the operation of at least two US uranium mines, according to the Department of Energy.
 

Nuclear Policies 11 February 2020