Kazakhstan projects uranium production at 22,000 tons in 2017

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 Q3 uranium production falls by 17%

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 …

Cameco Corp. takes another hit, but production cuts positive for uranium market

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 …

Uranium Prices – KasAtomProm Takes Control

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 …

In Africa, the bell tolls for uranium mining – activists

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 …