The world’s largest producer of Uranium has gone on to say that its sales have jumped by 65 percent. The Kazakhstan-based Kazatomprom is the world’s largest producer of natural uranium, having almost total access to one of the world’s largest uranium resource bases while producing other rare earth metals as a secondary source of revenue. …
EXCLUSIVE TO SIGHTLINE U3O8: In January 2017, while announcing planned production cuts, the Chairman of the Management Board of Kazatomprom (Kazakhstan’s national uranium arm) explained that the glut of uranium supply would be the reality of the market for the near term. He then went on to state, “It will be better for our shareholders and …
MINING operations at Swakop Uranium’s Husab mine in Erongo were stopped on Tuesday after workers aired concerns over their safety in light of claims that unchecked explosives and detonators were discovered on the site. Sources on the mine told The Namibian that about 500 workers in the mining department stopped working yesterday already and will not return …
Uranium production in Namibia is forecast to rise by 50 percent year-on-year in 2019, more than double the rate of expansion from last year’s 20 percent level, a research firm said. Fitch Solutions Macro Research in the Africa Monitor report for southern Africa released Wednesday, said depressed uranium prices due to overcapacity led to a …
Nuclear power plants produced 61% of Ontario’s electricity in 2018 and remain a “substantial form of generation” while supporting system reliability, according to newly released data from the Canadian province’s Independent Electricity System Operator (IESO). Total electricity demand for the year was 137.4 TWh, which was in line with 2015 and 2016 figures but slightly …
A rebound in nuclear and hydroelectric production helped French power company EDF push operating profits higher last year, it said Friday while remaining cautious about the outlook for 2019. Operating profit climbed by 11 percent to 15.3 billion euros ($17.2 billion), slightly higher than the consensus of analyst forecasts compiled by data firm FactSet. Net …
Kazakhstan will remain the world’s leader in uranium mining despite the complicated situation in the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev, Kazinform correspondent reports. “Despite the difficulties in the global uranium market, we intend to maintain leadership in uranium mining. Now there is an oversupply of uranium and this trend continues,” …
Kazakhstan exported 14,200 tons of uranium in January-September 2018, which in money amounted to $699.1 million, Trend reports referring to EnergyProm.kz. Thus, uranium exports in physical terms decreased by 18.8 percent, and in money by 17 percent year-on-year due to a decrease in demand in the market of uranium products. The largest supplies of uranium …
The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …
The new Philippe Coste uranium conversion plant at Orano’s Tricastin site in southern France has now been commissioned following the completion of a test programme. Orano said that during the testing programme the plant’s process equipment was progressively started up so that the complete manufacturing line could be tried out. The major equipment of the …
