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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 first uranium ore from the McArthur River mine has now been milled and packaged at the Key Lake mill, marking the achievement of initial production as the facilities transition back into normal operations.

Source: World Nuclear News
Date: Friday, 11 November 2022
Original article: world-nuclear-news.org/Articles/First-production-from-restarted-Canadian-operation

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

Cameco has announced plans to restart uranium production at McArthur River/Key Lake, idled since 2018. The company plans to ramp up production at the operation in northern Saskatchewan to produce 15 million pounds U3O8 (5770 tU) per year starting in 2024, but aims to maintain "supply discipline", reducing production at Cigar Lake to 25% below its licensed capacity.

Source: World Nuclear News
Date: Thursday, 10 February 2022
Original article: world-nuclear-news.org/Articles/Cameco-restarts-Canadian-uranium-operation

Enough cobalt-60 to sterilise 10 billion items of medical equipment was recently shipped from unit 7 at Canada's Bruce nuclear power plant. Meanwhile, a new production base for medical radioisotopes is being set up at the Qinshan Phase III nuclear power plant in China.

Source: World Nuclear News
Date: Tuesday, 11 January 2022
Original article: world-nuclear-news.org/Articles/Bruce-Power-harvests-cobalt-60-for-medical-sterili

Production at the Cigar Lake uranium mine in northern Saskatchewan, Canada, resumed near the end of April following the second COVID-19 related shutdown, Cameco said on 7 May whilst announcing its results for the first quarter of 2021. The company said its deliveries to customers in 2020 were not impacted by the pandemic and it does not expect there to be a material impact on its 2021 deliveries. However, it now expects to purchase more uranium in order to meet its supply contracts.

Source: World Nuclear News
Date: Tuesday, 11 May 2021
Original article: world-nuclear-news.org/Articles/Cameco-increases-uranium-purchases-to-meet-contrac

Canada’s Cameco and Orano Canada on 9 April both announced plans to resume uranium production. Cameco said that it plans to restart production at its Cigar Lake uranium mine located in northern Saskatchewan. Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus (COVID-19) pandemic. At that time, the availability of workers in critical areas was shrinking due to the pandemic, with more individuals screening out or residing in communities with pandemic-related travel restrictions.

Source: NEI Magazine
Date: Wednesday, 14 April 2021
Original article: neimagazine.com/news/newsuranium-production-to-resume-in-canada-8665738

Canadian uranium producer Cameco is "bullish about the future" thanks to growing interest from around the world in nuclear energy as a reliable, sustainable and low-carbon source of electricity, President and CEO Tim Gitzel said today during the World Nuclear Fuel Cycle forum, which is being held this week by the US Nuclear Energy Institute and World Nuclear Association.

Source: World Nuclear News
Date: Wednesday, 14 April 2021
Original article: world-nuclear-news.org/Articles/Cameco-buoyed-by-global-interest-in-nuclear

Company says it has financial capacity to handle disruptions The Cigar Lake facility in northern Saskatchewan. Image courtesy Cameco. Canada-based uranium miner Cameco is planning to restart production at its Cigar Lake uranium mine in northern Saskatchewan in April, the company said in a statement on Friday.

Cameco suspended operations at Cigar Lake in mid-December 2020 because of the increasing risks posed by the Covid-19 pandemic.

The company said at the time that the availability of workers in critical areas was shrinking, with more individuals screening out or living in communities with pandemic-related travel restrictions.

With the restart of Cigar Lake, Cameco will closely monitor the Covid-19 case counts and the progress of the vaccine rollout, and will continue dialogue with public health authorities and northern Saskatchewan leaders.

Source: Nucnet
Date: Tuesday, 13 April 2021
Original article: nucnet.org/news/cameco-to-restart-cigar-lake-mine-after-december-pandemic-shutdown-4-1-2021

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