YEKATERINBURG, December 28. /TASS/. New-generation gas centrifuge for uranium enrichment came on stream at the Urals Electrochemical Factory [Novouralsk, Sverdlovsk region] on Thursday, the press service of the factory told TASS. “The enterprise successfully launched five sections of a technological unit equipped with ninth-generation gas centrifuges,” the report said. According to Mikhail Denisov, the chief of …
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 …
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 …
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 …
Barrons – News of the shutdown of the world’s largest uranium mine has rallied prices for the heavy metal, and could help revive a market that has suffered ever since Japan’s Fukushima nuclear disaster nearly seven years ago. Cameco (ticker: CCJ), which provides roughly 17% of the world’s uranium production, announced on Nov. 8 that …
The patience of Cameco Corp. shareholders is being testing yet again, as the Saskatchewan-based uranium producer’s latest round of quarterly earnings fell short of expectations, the company cut its dividend, and now it has decided to temporarily suspend work at two operations. The news sent Cameo shares higher, as the production cut is expected to …
EXCLUSIVE TO SIGHTLINE U3O8 – Since 2007, Kazakhstan has raced to become the world’s largest producer of uranium. With the second highest amount of known recoverable uranium resources and one of the lowest production costs in the industry, Kazakhstan has positioned itself perfectly to dominate the uranium market. So, what have they done with those …
The Trump administration is targeting for review a uranium mining ban that former President Barack Obama instituted in the watershed of the Grand Canyon. The Forest Service, which owns some of the more than 1 million acres of land subject to the uranium ban in Arizona, put the withdrawal on a list of policies released Wednesday that it says inhibit …
Johannesburg – A bleak market outlook most likely forced Karoo Uranium mining hopefuls Peninsula Energy Ltd to withdraw from South Africa. According to Dr Stefan Cramer, SA Faith Communities’ Environment Institute (Safcei) Science Advisor, the same poor outlook will also keep potential buyers from mining the Karoo for uranium. Peninsula announced last week Wednesday that …