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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
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 President of Ukrainian nuclear utility, Energoatom, Petro Kotin has signed contracts in London with Tim Gitzel, President of Canada’s Cameco to extend agreements on fuel supplies. The signing ceremony was attended by the Minister of Energy of Ukraine Herman Halushchenko (online); the High Commissioner of Canada to the UK, Ralph Goodale; and the Ambassador of Ukraine to the UK, Vadym Prystaiko.
- Source: NEI Magazine
- Date: Thursday, 23 March 2023
- Original article: neimagazine.com/news/newsukraines-energoatom-signs-agreements-with-cameco-for-fuel-supplies-10694716
Ukrainian nuclear utility Energoatom and Canada’s Cameco Corporation have agreed the commercial terms for a major uranium supply contract. Cameco will provide sufficient volumes of natural uranium hexafluoride (UF6) (including uranium and conversion services), to meet Ukraine’s nuclear fuel needs until 2035. Finalisation of the 12-year contract is anticipated in the first quarter of 2023 although key commercial terms, such as pricing mechanism, volume and tenor, have already been agreed.
- Source: NEI Magazine
- Date: Wednesday, 15 February 2023
- Original article: neimagazine.com/news/newscameco-signs-major-uranium-supply-deal-with-ukraine-10593236
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610
The global uranium market has not yet been impacted by recent geopolitical events, speakers from uranium suppliers said during a session of the World Nuclear Fuel Conference 2022 in London. However, they agreed that the longer-term future is uncertain but the industry can bring capacity online to avoid any shortages.
- Source: World Nuclear News
- Date: Thursday, 28 April 2022
- Original article: world-nuclear-news.org/Articles/Uranium-miners-ready-to-meet-market-needs,-WNFC-he
India has imported just over 7600 tons of uranium over the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government.
- Source: NEI Magazine
- Date: Friday, 08 April 2022
- Original article: neimagazine.com/news/newsindia-provides-data-on-its-nuclear-power-development-9611717
India has imported just over 7600 tonnes of uranium in the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government. Minister of State Jitendra Singh provided the data, as well as figures for domestic uranium production, and updates on nuclear construction projects, in written answers to questions in the Indian government's upper house, the Rajya Sabha.
- Source: World Nuclear News
- Date: Wednesday, 06 April 2022
- Original article: world-nuclear-news.org/Articles/Indian-minister-provides-uranium,-construction-upd
Jordan has been operating a "pioneering" processing plant to recover yellowcake from uranium ores since the start of the year, the head of the country's Atomic Energy Commission has announced. Khaled Toukan's remarks were reported by state news agency Petra and shared by the Jordanian Uranium Mining Company (JUMCO), operator of the plant. JUMCO, which is the commercial arm of Jordanian Atomic Energy Commission, was established in 2013 to carry out radioactive elements exploration and development in Jordan.
- Source: World Nuclear News
- Date: Wednesday, 28 July 2021
- Original article: world-nuclear-news.org/Articles/Jordan-declares-uranium-plant-fully-operational
"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,