Kazakhstan keen on tapping into NMDC mining expertise

Kazakhstan Ambassador Yerlan Alimbayev on Thursday met the top brass of NMDC to discuss ways to leverage the public sector mining major’s capabilities to further strengthen the Kazakh mining industry. A release from NMDC on the visit of the Ambassador said Mr.Alimbayev met CMD Sumit Deb, Director (Finance) Amitava Mukherjee and Director (Technical) Somnath Nandi. …

Top uranium miner Kazatomprom meets 2020 guidance, production drops 19%

The world’s largest uranium producer Kazatomprom reported Monday that its full-year 2020 uranium production of 10,736 tonnes of uranium (reported as U3O8) was within the guidance despite a 19% production drop over 13,291 tonnes mined in 2019. The company said that on both a 100% and attributable basis, production volumes for the fourth quarter and …

The real challenges to nuclear are external, says panel

The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; …

Ranger mine ends processing operations

Processing operations at Energy Resources of Australia’s (ERA) Ranger mine ended today in accordance with legislative and regulatory requirements. The mine, which is in the Northern Territory (NT), was Australia’s longest continually operating uranium producer. “Ranger has been a major supplier to global energy markets as well as being a key contributor to the Kakadu …

Australia’s Ranger uranium mine ceases production

Era has operated the Ranger mine since 1980, producing about 132,000 tonnes of uranium oxide. (Image courtesy of Energy Resources of Australia.) Energy Resources of Australia (ASX: ERA) has ceased production at its Ranger uranium mine in the country’s Northern Territory after 40 years of operations. The company will now move to the rehabilitation phase …

Top uranium miner Kazatomprom sells 49% interest in two mines to China’s CGN

The world’s largest uranium producer Kazatomprom and China’s CGN Mining announced today that Kazatomprom will sell to CGN up to a 49% interest in its wholly owned subsidiary, Ortalyk, on market terms determined by a third-party valuation. Ortalyk owns 100% interest in the Mynkuduk and Zhalpak uranium deposits in Kazakhstan. Mynkuduk has a designed capacity …

Adequate uranium to meet demand, latest Red Book concludes

Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy, according to the latest edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency (IAEA) joint report on uranium resources, production and demand. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium …