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The completion of remediation works at the former uranium legacy sites in Shekaftar and Min-Kush, in the Kyrgyz Republic, “brings a major environmental benefit for Central Asia’s most populous region and secures the sustainability of the sites for years to come,” the European Bank forReconstruction and Development (EBRD) said on 28 March.
- Source: NEI Magazine
- Date: Friday, 01 April 2022
- Original article: neimagazine.com/news/newsuranium-legacy-sites-remediated-in-kyrgyz-republic-9591829
The Saskatchewan, Canada-based uranium company made the announcement on 9 February as part of its fourth-quarter and year-end financial reporting. Production at the sites halted in 2018 due to a prolonged slump in the global uranium market, resulting in the loss of about 550 jobs.
The company said it plans to have McArthur River and Key Lake running at 40% below annual licensed capacity by 2024. It then plans to trim output at its Cigar Lake mine, which will then operate at 25% below its annual capacity.
Orano Canada, which owns just over 30% of the McArthur River project along with about 17% of Key Lake, said it supported the restart. Orano Mining chief executive officer Nicolas Maes said in a media release that Cameco’s plan will help extend the life of Cigar Lake, where Orano also owns a stake.
- Source: Nucnet
- Date: Friday, 11 February 2022
- Original article: nucnet.org/news/canadian-uranium-miner-announces-plans-to-restart-mcarthur-river-key-lake-facilities-2-4-2022
Lessons learned through the COVID-19 pandemic have enabled Kazatomprom's assets to operate throughout recent events in Kazakhstan. The overall impact of the recent period of unrest on the company's business has been minor, but pandemic-related supply chain challenges remain a concern, it said.
- Source: World Nuclear News
- Date: Saturday, 15 January 2022
- Original article: world-nuclear-news.org/Articles/Supply-chain-challenges-remain-as-Kazakh-emergency
Disruptions in Kazakhstan, where ongoing unrest may add to pre-existing operating risks such as the COVID-19 pandemic, could be a "significant catalyst" for the uranium market, Canadian uranium company Cameco has said. Kazakh uranium producer Kazatomprom has said it will meet all delivery deadlines.
- Source: World Nuclear News
- Date: Saturday, 08 January 2022
- Original article: world-nuclear-news.org/Articles/Uranium-sector-monitors-evolving-Kazakh-situation
Unfavourable market conditions, compounded by the Covid-19 pandemic, led to a sharp decrease in investment in the development of new and existing mines. However, the report notes that a number of projects at very advanced stages of development are waiting for an improved supply-demand market situation in order to begin uranium production.
The depressed uranium market has caused not only a sharp decrease in uranium exploration activities – by 77% from $2.12bn in 2014 to nearly $483m in 2018 – but also the curtailment of uranium production at existing mines, with more than 20,500 tonnes of annual production being idled.
- Source: Nucnet
- Date: Friday, 10 September 2021
- Original article: nucnet.org/news/intensive-development-needed-of-new-uranium-projects-says-wna-9-4-2021
Russia’s JSC Atomenergoprom on 26 August published consolidated financial statements for the first half of 2021. They showed that consolidated revenue had increased by RUB51.3 billion ($702m), up 13.5%, totalling RUB431.5 billion. Income from operating activities for the first half of 2021 increased by RUB 30.5 billion, up 33.8%, compared with the same period last year and totalled RUB120.8 billion.
- Source: NEI Magazine
- Date: Wednesday, 01 September 2021
- Original article: neimagazine.com/news/newsrussias-atomenergoprom-reports-revenue-increase-9043827
Kazatomprom may buy additional material in the spot market during the second half of this year to keep its inventories within its targeted range and to meet sales commitments for the rest of 2021, CEO Galymzhan Pirmatov said as the company's half-year results were released yesterday. Pirmatov is to step down as CEO with effect from 2 September.
- Source: World Nuclear News
- Date: Saturday, 28 August 2021
- Original article: world-nuclear-news.org/Articles/Kazatomprom-considers-making-purchases-to-rebuild
The Chairman of the Jordan Atomic Energy Commission (JAEC), Khaled Touqan said on 14 July that the Jordanian Uranium Mining Company (Jumco) has operated its pioneering plant to extract yellowcake from uranium ores since the start of 2021.
- Source: NEI Magazine
- Date: Tuesday, 27 July 2021
- Original article: neimagazine.com/news/newsjordanian-uranium-mining-company-has-produced-70-tonnes-of-ore-8931139
The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report. The report provides an overview of nuclear fuel supply and demand in the EU.
- Source: World Nuclear News
- Date: Friday, 09 July 2021
- Original article: world-nuclear-news.org/Articles/ESA-reviews-COVID-impacts-on-supply-and-demand
As the COVID-19 pandemic makes governments and international organisations consider new ways of conducting business and protecting communities, we need to turn the recovery into an opportunity to safeguard the future, writes Christer Viktorsson, director general of the UAE’s Federal Authority for Nuclear Regulation.
- Source: World Nuclear News
- Date: Tuesday, 12 May 2020
- Original article: world-nuclear-news.org/Articles/Viewpoint-Regulators-adapt-to-an-unprecedented-cha