Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
The Union Minister of State (MoS) for Atomic Energy and Space, Jitendra Singh, stated in Parliament yesterday that a contract was signed with JSC NAC Kazatomprom, Kazakhstan on 8 July 2015 for procurement of 5,000 MT of Uranium Ore Concentrate (UOC) spread over a period of 5 years during 2015 to 2019 at an indicative …
The federal government could ramp up spending on domestically produced uranium, based on a recommendation from a working group created by President Donald Trump. That recommendation has not been made public, but sources familiar with the report told Bloomberg News it directs the federal government to add new domestic uranium to its stockpile. If the president acts …
French nuclear group Orano’s COMINAK uranium mine in Niger will shut down in March 2021 due to the depletion of its reserves, the mine’s board of directors said on Wednesday. Orano, which was known as Areva until last year, holds a 34% stake in the mine, the largest in a joint venture with a Nigerien …
For what seems like the fifth or sixth year in a row, the uranium market has managed to make fools of those of us calling for a new bull market. I’m new to the club but guilty as charged… so far. Those of you who have been fortunate enough to have made money from the …
Brazil plans to restart domestic uranium mining in 2019 for the first time in five years, the mines and energy minister told a newspaper in an interview published on Monday. Operations would begin this year at a mine in the city of Caetite in the northeastern state of Bahia, Minister Bento Albuquerque told Estado de …
Kazakhstan’s Energy Minister Kanat Bozumbayev met with the representative of the National Agency for the Atomic Energy of China, the press service of the Kazakh Energy Ministry said on 18 September, adding that Bozumbayev supported the proposal of the Chinese side to purchase export volumes of Kazakh products to meet the needs of China’s nuclear …
Leading Namibian mine deploys powerful standalone ERP solution to improve visibility across organisation and unlock greater efficiencies in daily operations. Mining is an important pillar of the Namibian economy, contributing an estimated 12% to the country’s GDP in 2017. One of the jewels in the country’s resources crown is Rössing Uranium, one of the longest-operating …
Canadian miner Cameco (CCO.TO) said it will hold down output until uranium prices recover and it could cut production further, although nuclear reactor life extensions in France and newbuilds in China, the UAE and Britain bring some hope. Since the 2011 Fukushima nuclear disaster, Japan, Germany and other countries have closed dozens of reactors, which …