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PostPosted: Feb 05, 2011 12:09 pm 
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Uranium prices are up again. Impact on levelised cost is tiny but this will be good for continued exploration and improved mining.

http://www.u3o8.biz/s/Home.asp


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PostPosted: Jan 03, 2017 8:29 pm 
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Uranium Is Searching For A Bottom

My, how things change...


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PostPosted: Jan 06, 2017 9:31 am 
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Uranium world's worst commodity in 2016

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No major commodity had a worse 2016 than uranium. In fact, the element used to make nuclear fuel has had a pretty dismal decade. Prices tumbled 41 per cent last year, touching a 12-year low below $US18 a pound in November, according to Ux Consulting, which compiles market data.


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PostPosted: Mar 30, 2017 5:34 pm 
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I was quite amazed by the news that a new uranium mine will be opened in western Europe this year or next year, the so-called Salamanca uranium project, near the Spanish-Portuguese border:

Salamanca development paves way for construction

The last uranium mine in western Europe closed in the beginning of this century, in the Limousin region of France, if my information is correct. The French even built a museum as remembrance:

http://www.ureka.fr/en/

Perhaps the mine can be reopened and the museum be closed, if uranium prices climb again, one day....


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PostPosted: May 11, 2017 3:29 pm 
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Areva leaves Nunavut after uranium project rejection


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PostPosted: Jul 03, 2017 9:47 pm 
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US uranium production, prices and employment decreased in 2016

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Production remained low in 2017, totaling 0.45 million pounds during the first quarter. If production remains at its first-quarter level for the rest of the year, annual production would be the lowest since 1952.

Falling uranium prices has impacted the production of uranium. Spot prices fell from $34 per pound (lb) in January 2016 to $18/lb in November, the lowest uranium spot price since May 2004. Prices have stayed below $25/lb so far in 2017.

Uranium market employment data, which includes exploration, mining, milling and processing, and reclamation activities, has correlated closely with changes in uranium prices. In 2016, uranium industry employment fell to 560 employees, the lowest number since 2004.

Employment peaked in 2008 with 1,563 employees. Employment levels then began generally to decline as uranium prices fell and have consecutively for the last four years.


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PostPosted: Jul 05, 2017 6:30 am 
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That's an amazing low employment number for a major energy industry! Can't believe it's only 500 people. Even 1500 is nothing for an industry that supplies a signficant fraction of global energy supply.

Just goes to show how energy dense this energy source is.


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PostPosted: Nov 10, 2017 8:35 am 
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Cameco Shuts Down The World's Largest Uranium Mine

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On 8 November Cameco (CCJ) announced a 10-month shutdown of McArthur River, the world's largest uranium mine. McArthur River is the world's largest high-grade uranium deposit with an average grade of 9.6% U308 and proven and probable reserves of 258.1 million pounds of uranium. The shutdown envisages that the workforce at the project will be reduced by 560 employees and 285 contractors. Around 160 employees and 50 contractors will maintain the facilities in a safe shutdown state. Cameco expects its share of the costs to maintain the McArthur River mine and Key Lake mill during the shutdown to range between CAD 6.5mn (USD 5.1mn) and USD 7.5mn (USD 5.9mn) per month. The shutdown will start by the end of January 2018.


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PostPosted: Jan 19, 2018 12:53 pm 
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Uranium Miners Pushed Hard for a Comeback. They Got Their Wish.


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PostPosted: Mar 02, 2018 10:16 am 
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Energy Fuels wins approval to expand uranium, vanadium mines in Utah

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The approvals allow Energy Fuels to expand the La Sal complex, which consists of four former uranium/vanadium mines, drill up to 400 exploration holes and build more ventilation shafts, while requiring the company to provide details of how it manages the facility during suspended operations.


Not sure why they want to expand production at this time of low uranium prices.


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PostPosted: Mar 03, 2018 12:03 pm 
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Vanadium prices are a twelve month high apparently


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PostPosted: May 04, 2018 2:18 pm 
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Uranium Loses Power as U.S. Miners Seek Protection


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PostPosted: Jul 26, 2018 7:18 pm 
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Cameco Suspends Production Indefinitely at Uranium Mine

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Canada’s Cameco Corp. extended the shutdown of one of the world’s biggest uranium mines indefinitely and announced it will fire most workers at the operation until a global supply glut eases. The decision comes amid growing uncertainty in Cameco’s biggest market as U.S. President Donald Trump threatens to extend metal tariffs to uranium imports.

“We have not seen the improvement needed in the uranium market to restart McArthur River and Key Lake,” Cameo Chief Executive Officer Tim Gitzel said Wednesday in a statement. “This means we will extend the suspension of production at McArthur River and Key Lake for an indeterminate duration.”

Cameco expects to fire about 550 employees at the site and eliminate another 150 positions at its corporate headquarters, incurring severance costs of as much as C$45 million ($35 million), the Saskatoon, Saskatchewan-based company said.


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PostPosted: Aug 04, 2018 4:09 pm 
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Uranium stocks rally after producer Cameco shuts McArthur mine

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Cameco said late Wednesday it would suspend its McArthur River operations for an “indeterminate duration” in order to support the uranium price, which has fallen by over 40 per cent over the past five years.

“Until we are able to commit our production under long-term contracts that provide an acceptable rate of return for our owners, we do not plan to restart,” Tim Gitzel, Cameco’s chief executive, said.

The closure could remove around 11 per cent of global supply of uranium, worth 18m pounds, according to analysts at Berenberg. Cameco had previously said the mine would be on a 10 month temporary closure starting in January. A total of 550 jobs will be lost in the closure, Cameco said.


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PostPosted: Aug 05, 2018 1:21 pm 
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Uranium mining leaves a large footprint on ground. We could afford to forego weaker ores. Used nuclear fuel is available in large quantities as a source of RG plutonium as a fertile feed for nuclear reactors.
Fractional distillation as chloride or fluoride could be the best way to recover it. Thorium and plutonium halides could fuel thermal reactors , yielding U233 in the used fuel. This fissile could run the thorium breeders.
Recovered uranium and plutonium halides could run fast MSR. Thorium could be obtained as a by product of rare earth mining and fissiles in reprocessing. Russia and China could be the worlds reprocessers for those unwilling to do it themselves.


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