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Uranium prices have hit their highest in more than 16 years

Source: Nucnet
Date: Friday, 26 January 2024
Original article: nucnet.org/news/denison-and-orano-jv-to-restart-mining-operations-at-mcclean-lake-1-4-2024

France and Kazakhstan have pledged cooperation on minerals and the nuclear fuel cycle, while in Uzbekistan there was agreement to raise the level of bilateral relations, during official visits by President Emmanuel Macron this week. The French president was accompanied by a large delegation including representatives from French industry.

Source: World Nuclear News
Date: Saturday, 04 November 2023
Original article: world-nuclear-news.org/Articles/Agreements,-declarations-mark-Macron-visits-to-Kaz

EU supply agency also warns of continued dependence on Moscow for VVER nuclear fuel

Source: Nucnet
Date: Friday, 20 October 2023
Original article: nucnet.org/news/97-of-europe-s-natural-uranium-comes-from-overseas-but-russia-deliveries-fall-10-4-2023

Kazakhstan’s National Nuclear Company Kazatomprom has delivered another consignment of fuel assemblies to China from its Kazakh-Chinese fuel plant, Ulba-TVS. The founders of the joint venture company were the Kazatomprom subsidiary Ulba Metallurgical Plant (UMZ) with 51% and CGNPC Uranium Resources Company Limited (CGNPC-URC - part of China General Nuclear Power Group - CGN) with 49%.

Source: NEI Magazine
Date: Thursday, 19 October 2023
Original article: neimagazine.com/news/newskazakhstan-delivers-more-fuel-assemblies-to-china-11228888

Kazakhstan's nuclear fuel company, Kazatomprom, has delivered to China a second batch of low enriched uranium fuel totalling more than 30 tonnes manufactured by the Ulba-FA Kazakh-Chinese joint venture. Ulba-FA began operation in November 2021, after it was certified by the owner of the AFA 3G fuel assembly production technology, French Framatome, and recognised as a certified nuclear fuel supplier by the end user, China General Nuclear Power’s CGNPC-URC. The joint venture was founded by Ulba Metallurgical Plant (a subsidiary of Kazatomprom, which has a 51% stake) and CGNPC-URC, which has a 49% stake.

Source: NEI Magazine
Date: Saturday, 03 June 2023
Original article: neimagazine.com/news/newskazatomprom-delivers-second-batch-of-nuclear-fuel-to-china-10911681

Romainia’s nuclear utility SN Nuclearelectrica SA (SNN) says it put into operation its Feldioara Branch during January-March as part of its strategy for development of an integrated nuclear fuel cycle.

Source: NEI Magazine
Date: Wednesday, 12 April 2023
Original article: neimagazine.com/news/newsromania-launches-integrated-fuel-cycle-as-kazakhstan-delivers-uranium-10747766

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

2022 has been a "transformative" year for the company, CEO Tim Gitzel said, with record long-term contracting, the resumption of production at McArthur River and Key Lake, an increase in its ownership of Cigar Lake and its joint acquisition of Westinghouse. The company reported net earnings of CAD89 million (USD66.5 million) for the year.

Source: World Nuclear News
Date: Saturday, 11 February 2023
Original article: world-nuclear-news.org/Articles/Cameco-reaps-benefits-of-best-ever-fuel-market-fun

The official opening of a new fuel assembly plant at the Ulba Metallurgical Plant, in Ust-Kamenogorsk, Kazakhstan, was marked today at a ceremony attended by high-level representatives from Samruk-Kazyna JSC, NAC Kazatomprom JSC, UMP JSC, China Atomic Energy Authority, China General Nuclear Power Corporation, Framatome, and the East Kazakhstan regional administration. The plant is a Kazakh-Chinese joint venture and will supply fuel to China General Nuclear subsidiary CGNPC-URC.

Source: World Nuclear News
Date: Thursday, 11 November 2021
Original article: world-nuclear-news.org/Articles/Joint-venture-fuel-assembly-plant-opens-in-Kazakhs

The pandemic has shown the resilience of the nuclear industry to act responsibly, both as a supplier of energy and as an employer, the head of the world's biggest uranium producer said today. In his address to delegates at the World Nuclear Fuel Cycle forum, Kazatomprom CEO Galymzhan Pirmatov said the wellbeing of the company's 20,000 employees was his first priority.

Source: World Nuclear News
Date: Thursday, 15 April 2021
Original article: world-nuclear-news.org/Articles/Kazatomprom-put-health-before-profit-during-pandem