Orano notes that since the announcements made last July, the financial difficulties of the mining company SOMAÏR, the 63.4% subsidiary of the group, which operates the Arlit uranium mine in Niger, have continued to grow. Since the events of July 26, 2023, and the closure of the main supply and export corridor, Orano and SOMAÏR …
Kazakhstan, the world’s No. 1 uranium producer, will decide next month on whether to approve a huge deal to supply concentrates to China’s nuclear industry. Shareholders of state-owned miner Kazatomprom will vote on Nov. 15 at an extraordinary general meeting in Astana on whether to support the transaction with CNNC Overseas Ltd. and China National …
Urenco has installed the first new centrifuges of an expansion project in the United States, which is on track to be delivering additional capacity next year. The centrifuges were installed in an existing centrifuge hall at the company’s enrichment site in Eunice, New Mexico. Federal, State and local officials, Urenco leadership, representatives of the more …
Voters in Kazakhstan, the world’s largest uranium miner, backed the construction of a nuclear power plant in a referendum on Sunday. Kazakhstan’s central election commission said on Monday that 71% of voters cast their ballots in favor of the government plan to build a new reactor. Turnout was about 64%, well above the threshold necessary …
National Atomic Company “Kazatomprom” JSC participated in the Financing the Tripling of Nuclear Energy Forum hosted by Net Zero Nuclear. The Forum, attended by global leaders of large financial institutions and governmental officials, serves as yet another indicator that the uranium market fundamentals are stronger than ever. Kazatomprom as the largest uranium producer in the …
US uranium production continues to grow, with 2024’s year-to-date production already more than triple that recorded for the whole of 2023, according to the latest figures from the US Energy Information Administration (EIA). Meanwhile, as press reports suggest US concern that its ban on Russian uranium might be being circumvented, the Office of the United …
U.S. production of uranium concentrate (U3O8) in the second quarter of 2024 totaled 97,709 pounds U3O8, an 18% increase from first quarter’s production of 82,533 pounds U3O8. This quarter’s total uranium production occurred at five facilities, four in Wyoming (Nichols Ranch ISR Project, Ross CPP, Lost Creek Project, and Smith Ranch-Highland Operation) and one in …
– President Joe Biden’s administration is probing a surge in imports of enriched uranium from China since late 2023 amid concerns the shipments are helping Moscow sidestep a U.S. ban on imports of the power plant fuel from Russia, Reuters has learned. U.S. House lawmakers passed the ban on Russian enriched uranium in December 2023 …
Vladimir Putin’s threat to curb exports of nuclear fuel risks igniting a global supply crunch that could also cut off billions of dollars to the Russian war machine, experts have warned. The Russian president on Wednesday suggested the Kremlin should consider halting supplies of uranium, nickel and titanium to the West in retaliation for sanctions imposed over …
Russian officials and managers are perplexed by President Vladimir Putin’s surprise threat to limit exports of strategic commodities in response to Western sanctions, and wonder if it can be realised without hurting Russia more than the West. Putin made the suggestion 23 minutes into a routine government meeting on Wednesday, asking Prime Minister Mikhail Mishustin to come …
