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“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency's biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.

Source: NEI Magazine
Date: Saturday, 08 April 2023
Original article: neimagazine.com/news/newsred-book-sees-modest-decrease-in-uranium-resources-but-expects-nuclear-capacity-to-increase-10741481

Annual capacity of idled mines stands at almost 30,000 tonnes Kazakhstan has limited output in recent years in response to a depressed uranium market, but is still the largest producer. Courtesy Kazatomprom. Global uranium mine production decreased by nearly 12% from 2018 to 2020 with major producing countries including Canada and Kazakhstan limiting total production in recent years in response to a depressed uranium market, according to the Nuclear Energy Agency.

In the latest edition of Uranium Resources, Production and Demand, known as the Red Book, the NEA says uranium production cuts deepened suddenly with the onset of the Covid-19 pandemic in early 2020.

Overall, world uranium production decreased from 53,501 tonnes of uranium (tU) in 2018 to 47,342 tU in2020 as producers instituted production cuts, followed by a slight increase to 47,472 tU in 2021. These planned reductions were greatest in Canada and Kazakhstan.

As of 1 January 2021, the annual production capacity of idled mines amounted to over 29,400 tU. These operations, which have all the necessary licences, permits and agreements for operation and have produced commercially in the past, could potentially be brought back into production relatively rapidly given appropriate market conditions.

Source: Nucnet
Date: Friday, 07 April 2023
Original article: nucnet.org/news/global-production-down-12-with-kazakhstan-by-far-world-s-largest-producer-4-4-2023

"The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals Division of the American Association of Petroleum Geologists (AAPG). "So let the drilling and processing begin."

Source: World Nuclear News
Date: Friday, 25 December 2020
Original article: world-nuclear-news.org/Articles/US-uranium-miners-ready-to-support-nuclear-power,

Energoatom and Cameco have signed a memorandum of cooperation and understanding as part of the Ukrainian nuclear power plant operator's strategy to diversify its nuclear fuel supply. The document was signed yesterday at the uranium producer's headquarters in Saskatoon, Canada.

Source: World Nuclear News
Date: Tuesday, 27 August 2019
Original article: world-nuclear-news.org/Articles/Ukraine-further-diversifies-fuel-supply-with-Canad

Energoatom and Cameco have signed a memorandum of cooperation and understanding as part of the Ukrainian nuclear power plant operator's strategy to diversify its nuclear fuel supply. The document was signed yesterday at the uranium producer's headquarters in Saskatoon, Canada.

Source: World Nuclear News
Date: Friday, 23 August 2019
Original article: world-nuclear-news.org/Articles/Ukraine-further-diversifies-fuel-supply-with-Canad

The Australian Nuclear Science and Technology Organisation's (ANSTO) medical isotope production facility announced in January that it had become the second in the world to install a high-resolution monitoring system to track emissions from its medical radioisotopes production facility under an initiative led by the US Department of Energy's Pacific Northwest National Laboratory (PNNL).
 
ANSTO and PNNL said the detector system was installed in October at the medical isotope production facility at Lucas Heights. The first such system had been installed in a monitor stack at the Institute for Radioelements (IRE) at Fleurus in Belgium. Both IRE and ANSTO produce molybdenum-99 by irradiating uranium in a reactor. The process releases gaseous fission products including xenon isotopes. While representing no danger to the public, the isotopes resemble those produced by a nuclear explosion.

Source: NEI Magazine
Date: Tuesday, 05 February 2019
Original article: neimagazine.com/news/newsansto-installs-emissions-monitoring-equipment-6970285

The world's supply of uranium is more than adequate to meet projected requirements for the foreseeable future, but investment and technical expertise will be needed to make sure resources can be brought into production in a timely manner, including from mines currently under care and maintenance, according to the latest 'Red Book'.

Source: World Nuclear News
Date: Thursday, 13 December 2018
Original article: world-nuclear-news.org/Articles/Uranium-resources-adequate-but-investment-needed-R

India is engaging with various countries, including Uzbekistan, to procure uranium as part of its plan to create a strategic uranium reserve to ensure long-term security, PTi reported on 24 September. The plan is to have a stockpile of nuclear fuel for its strategic uranium reserve that can sustain India’s reactors for the next five years. Talks are currently being held with Uzbekistan, a senior government official said. An Uzbek delegation visited India in August to discuss the issue in detail. Indian Prime Minister Narendra Modi earlier held bilateral talks with Uzbek president Shavkat Mirziyoyev on the sidelines of the Shanghai Cooperation Organisation Summit in Astana in June, PTI reported citing a senior Ministry of External Affairs official, on condition of anonymity.

Source: NEI Magazine
Date: Tuesday, 26 September 2017
Original article: neimagazine.com/news/newsindia-seeks-to-build-up-uranium-stockpile-5934908

Paladin Energy has reported a net loss of $368.8 million for the 2015 fiscal year, ending 30 June, up from a loss of $336.5 million in fiscal 2014.

Source: World Nuclear News
Date: Friday, 28 August 2015
Original article: world-nuclear-news.org/Articles/Paladin-narrows-its-loss,-continues-to-cut-costs


India plans to set up a strategic uranium reserve to ensure its nuclear plants do not face fuel shortages. "The reserve pool could be anywhere between 5000m tonnes (mt) to 15,000mt which can last for 5-10 years," a senior government official told Indian media. A proposal for stockpiling 5000mt of uranium has been sent to the cabinet for approval but this is likely to increase in future.

Source: NEI Magazine
Date: Wednesday, 22 July 2015
Original article: neimagazine.com/news/newsindia-to-build-strategic-uranium-reserve-4631562