The announcement made by uranium giant Cameco in November that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan and surprisingly deep three-year cuts by Kazakhstan’s state-owned Kazatomprom provide a “step change” for uranium prices says a new report on the sector from Cantor Fitzgerald equity research. On Monday, the world largest producer …
JOHANNESBURG (miningweekly.com) – ASX-listed Boss Resources has entered into a binding conditional agreement to buy Wattle Mining – the owner of 20% of the shares in the Honeymoon uranium project – in a move that will give the company full ownership of the South Australian project. Consolidating the ownership sets the Honeymoon project on the path to be Australia’s next uranium producer, with production of about …
December 4 2017, Astana – NAC Kazatomprom JSC (“Kazatomprom” and together with its subsidiaries, the “Company”), the world leader in the extraction of natural uranium, today announced its intention to reduce planned uranium production by 20% under Subsoil Use Contracts of Company enterprises, in order to better align its output with demand. The scheduled cuts will …
Kazakh Kazatomprom JSC and Chinese CGNPC company jointly build a plant for the production of fuel assemblies. The plant will be commissioned in 2019 and start production output in 2020, said the Energy Minister of Kazakhstan Kanat Bozumbayev in an interview to ‘Kazakhstanskaya Pravda’ newspaper. The plant will supply 200 tons of nuclear fuel per …
Kazakhstan’s total output of uranium or so called ‘yellow cake’ for the year will amount to 22,000 tons, Energy Minister Kanat Bozumbayev said. Kazakhstan, which is the world’s first largest producer of uranium and second in its reserves, will reduce production in 2017 to 22,000 tons, compared with 24,000 tons in 2016. “Production of uranium …
World’s No.1 miner BHP (ASX, NYSE:BHP) (LON:BTL) is tightening its belt, especially when it comes to its operations in Australia, targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years. While the company has already had reduced costs across its …
It always comes as a shock to see just how uncompetitive Olympic Dam actually sits on the slate of BHP Billiton’s globe of present and future mines. Presently Olympic Dam makes a 1 per cent return on capital and it will take a whole lot of hard core tweaking of men and machinery between now …
AKIPRESS.COM – Uranium production is projected at 22,000 tons in 2017 in Kazakhstan, Minister of Energy Kanat Bozumbayev said Monday. A leading uranium producer is expected to cut production in 2017 by 2,000 tons. In 2016, Kazakhstan produced 24,000 tons. “Forecast for uranium production is 22,150 tons,” Bozumbayev told reporters Monday. China will remain the main …
The dream of discovery must motivate many a geologist. Through skill, effort and luck they hope to eventually find something precious, useful or otherwise valuable—something well known yet found in a previously unknown location. But a group of geo-boffins from the U.S. Geological Survey not only identified a type of uranium deposit previously unknown to …
US uranium production for 2017 to date is down 17% from the same period in 2016, according to the US Energy Information Administration’s (EIA) latest quarterly Domestic Uranium Production Report. Meanwhile, the US Geological Survey (USGS) has found uranium-bearing calcrete formations in the USA for the first time. Total uranium production for the first three-quarters of …