Energy Fuels says it could triple US uranium production if prices increase

Energy Fuels, a leading US producer of uranium, expects to be the country’s top producer at about 650,000 lb in 2017 and could triple its annual output if prices rose from the current $20/lb, a company official said Monday. In comments webcast on the company’s website Monday afternoon, Curtis Moore, vice president of markets and …

Largest uranium producing countries in the world

Nuclear power is gaining popularity as the world tries to meet increased demand for electricityfrom non-carbon sources. Nuclear power is a result of heat generated through the fission process of atoms. The most common fuel used in conventional nuclear fission power stations is uranium, a silvery-white radioactive metal in the actinide series of the periodic …

Bannerman hopeful on uranium price

Perth – Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade low price of $20/lb,” Munro said on Thursday. “While all commodity markets are cyclical, and it …

Marenica Energy begins test work on Langer Heinrich uranium samples

Uranium ore samples collected by ASX-listed Marenica Energy from the Langer Heinrich uranium mine in Namibia have been received in Perth for immediate test work. Namibia – The aim of the test work is to confirm the substantial benefits expected from implementation of Marenica’s proprietary U-pgrade process on the ore. In June, Marenica Energy and Paladin Energy agreed to conduct …

Namibia – Husab Uranium Mine Assists in Narrowing Current Account Deficit

Namibia’s current account deficit will narrow substantially through to 2020. The trade deficit will shrink significantly as the completion of the Husab uranium mine and several construction projects will simultaneously boost mineral exports and decrease demand for imports linked to construction. At the same time, Southern African Customs Union (SACU) receipts will broadly hold up, …

Areva says state subscribed to 2.5 billion euro capital increase for NewCo

PARIS (Reuters) – The French state has fully subscribed to a 2.5 billion euro ($2.92 billion) capital increase of nuclear fuel group Areva NewCo, completing one of the last stages of a complex state-funded restructuring of the company, Areva said on Thursday. Areva (AREVA.PA) said that the 500 million euros that Japanese companies Mitsubishi Heavy …

India must achieve the target of 63 GW nuclear-installed capacity by 2032

  In 2015, India communicated its intended nationally determined contribution (INDC) for the period 2021-30 consisting of eight elements. Of these, two have a direct relationship with nuclear energy: to achieve about 40% cumulative electric power installed capacity from nonfossil fuel-based energy resources by 2030, and to reduce the emissions intensity of its GDP by …