Related Topic: Uranium Resources

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


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


Cameco optimistic about uranium market

Cameco optimistic about uranium market

Cameco is optimistic about the long-term fundamentals of the uranium market and expects to buy 20-22 million pounds U3O8 (7693-8462 tU) this year - mostly from the spot market - to meet its committed deliveries. That's 1-3 million pounds more than in 2019, CEO Tim Gitzel said during his presentation of the Canadian uranium producer's financial and operating results on 7 February. The spot market however is underperforming on weak demand, he said.

Corporate 11 February 2020


Finland grants uranium recovery permit

Finland grants uranium recovery permit

The government of Finland has granted a uranium recovery permit to Terrafame for uranium production as a byproduct of zinc and nickel production at its Sotkamo mine in the north-east of the country. The process of preparing the uranium recovery plant ready for use will take about a year, Terrafame said today. However, as the government decision can be appealed through Finland's Supreme Administrative Court, the company estimates it will take about two years for the permit to have legal force.

Uranium & Fuel 06 February 2020


Kazatomprom leaves U output unchanged in 2020

Kazatomprom leaves U output unchanged in 2020

Kazatomprom expects its 2020 uranium output to remain flat compared to 2019, consistent with its market-centric strategy and previously announced intention to "flex down" planned production volumes through 2021. The world's biggest uranium producer, the Kazakh company covered 23% of global output of the metal in 2018.

Uranium & Fuel 03 February 2020


Boss Resources will be Australia's next uranium producer, says CEO

Boss Resources will be Australia's next uranium producer, says CEO

Boss Resources' Honeymoon uranium project is one of the world's most advanced uranium development projects that can be fast-tracked to resume production, according to a feasibility study. Boss says the study is the "final independent validation" for the South Australian in-situ leach (ISL) project's restart.

Uranium & Fuel 21 January 2020


Uzbekistan signs U supply deals with Japanese firms

Uzbekistan signs U supply deals with Japanese firms

Uzbekistan has signed contracts worth more than USD1 billion for the supply of uranium to Japan, Kun.uz reported yesterday, without stating its source. The contracts were signed as part of the December visit of the president of Uzbekistan, Shavkat Mirziyoyev, to Japan.

Uranium & Fuel 08 January 2020


China drills deep in search for uranium

China drills deep in search for uranium

A ceremony was held on 15 December at the Xiangshan uranium deposit near Fuzhou city in China's Jiangxi province to mark the start of the country's deepest drilling project related to the exploration of uranium resources. China National Nuclear Corporation said a 3000-metre-deep bore hole will be drilled.

Uranium & Fuel 30 December 2019