Kazatomprom has reduced its expected production figures for 2021 due to delays in exploration and wellfield development activity, citing pandemic-related supply chain issues which have had a material impact on production schedules. The Kazakh uranium producer’s announcement comes days after Canadian company Cameco reduced its forecast for fuel services production for the year citing supply …
Production at the Cominak uranium mine at Akouta in Niger came to an end yesterday after over 40 years of operations during which it produced more than 75,000 tU. The mine has now entered the remediation phase, which will also include action to address the impact of the mine’s closure on its employees and on …
Uranium is an important metal in the energy sector. Here the Investing News Network looks at the five top uranium countries by reserves. Uranium is an important commodity in the energy sector, and knowing the countries with the top reserves is key. Mined uranium resources have provided fuel for nuclear power generation for more than 60 …
Processing operations at Energy Resources of Australia’s (ERA) Ranger mine ended today in accordance with legislative and regulatory requirements. The mine, which is in the Northern Territory (NT), was Australia’s longest continually operating uranium producer. “Ranger has been a major supplier to global energy markets as well as being a key contributor to the Kakadu …
Era has operated the Ranger mine since 1980, producing about 132,000 tonnes of uranium oxide. (Image courtesy of Energy Resources of Australia.) Energy Resources of Australia (ASX: ERA) has ceased production at its Ranger uranium mine in the country’s Northern Territory after 40 years of operations. The company will now move to the rehabilitation phase …
The world’s largest uranium producer Kazatomprom and China’s CGN Mining announced today that Kazatomprom will sell to CGN up to a 49% interest in its wholly owned subsidiary, Ortalyk, on market terms determined by a third-party valuation. Ortalyk owns 100% interest in the Mynkuduk and Zhalpak uranium deposits in Kazakhstan. Mynkuduk has a designed capacity …
The U.S. nuclear industry is coming off its best year ever. Electricity production from nuclear plants hit at an all-time high in 2019 as we led the world in generating more than 809 billion kilowatt-hours of electricity, which is enough to power more than 66 million homes. Yet, despite operating the largest fleet of reactors in …
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 …
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 …
Global miner Rio Tinto Ltd said on Monday it will sell its entire stake in Rössing Uranium Ltd to China National Uranium Corp Ltd for up to $106.5 million. The sale of the 68.62 per cent stake in Rössing Uranium Ltd, which owns the Rössing mine in Namibia, ends a period of extensive strategic assessment, …
