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 …

Iran’s uranium stockpile rises further, say media

Iran has tripled its stockpile of enriched uranium to 1,020.9 kg over the past three months and failed to provide International Atomic Energy Agency inspectors access to two undeclared sites, various news agencies reported yesterday. Citing confidential documents issued by the IAEA to its member states, they reported that Tehran had refused the IAEA access …

Future supply of uranium less predictable, says Cameco

Dual-listed Cameco remains on track to achieve its guidance for the full-year and has increased its revenue target for the year. According to CEO and president Tim Gitzel, the uranium company continues to demonstrate its resilience. During the third quarter, ended September 30, Cameco continued to deliver on its strategy, and further strengthened its balance sheet …

Uranium Week: Activity Reawakens

News that Kazakhstan intends to extend production reductions through 2021 sparked a return to buying interest in both the spot and term uranium markets last week. -Kazatomprom extends production cuts -Market interest returns after a dead August to date -No new Japanese restarts in 2019 “Kazatomprom does not expect to return to full production until …

Uranium supply expected to meet demand for years to come

Analysis by the Nuclear Energy Agency (NEA) has found that regardless of the role nuclear energy will play in meeting future electricity demand and global climate objectives, global supplies of Uranium are projected to meet world demand for the foreseeable future. The NEA reported its findings in the study, Uranium 2018: Resources, Production and Demand. The …

IAEA, Russia sign agreement on uranium transportation to Kazakhstan

International Atomic Energy Agency and the Russian Federation have signed Sept. 17 an implementing agreement on the transportation of low enriched uranium (LEU) and equipment necessary for the functioning of the IAEA’s LEU Bank in Kazakhstan, RIA Novosti reported. The agreement has been signed by Oleg Kozin, Deputy General Director for Logistics of Techsnabexport JSC, …

Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …