Related Topic: Mining

Romanian rescue loan broke EU rules, inquiry finds

Romanian rescue loan broke EU rules, inquiry finds

Romania must recover around EUR13 million (USD14 million) of rescue funding from uranium company Compania Națională a Uraniului SA after the European Commission found a restructuring plan for the company did not meet European Union rules on state aid.

Corporate 25 February 2020


US uranium reserve proposal receives positive response

US uranium reserve proposal receives positive response

US uranium companies have responded favourably to the Administration's 2021 budget request of USD150 million in funding to set up a uranium reserve. Energy Fuels CEO and President Mark Chalmers said the development was "an important step toward addressing the devastating impact of our nation's overdependence on uranium imports from Russia and its allies, which is displacing free market uranium and forcing US mines out of business".

Uranium & Fuel 13 February 2020


US budget request includes USD150 million for uranium reserve

US budget request includes USD150 million for uranium reserve

The US Administration's 2021 budget request unveiled yesterday by President Donald Trump includes USD150 million to set up a uranium reserve to address challenges to the production of domestic uranium. This would ensure a backup supply of uranium in the event of a significant market disruption and support the operation of at least two US uranium mines, according to the Department of Energy.
 

Nuclear Policies 11 February 2020


Cameco optimistic about uranium market

Cameco optimistic about uranium market

Cameco is optimistic about the long-term fundamentals of the uranium market and expects to buy 20-22 million pounds U3O8 (7693-8462 tU) this year - mostly from the spot market - to meet its committed deliveries. That's 1-3 million pounds more than in 2019, CEO Tim Gitzel said during his presentation of the Canadian uranium producer's financial and operating results on 7 February. The spot market however is underperforming on weak demand, he said.

Corporate 11 February 2020


Finland grants uranium recovery permit

Finland grants uranium recovery permit

The government of Finland has granted a uranium recovery permit to Terrafame for uranium production as a byproduct of zinc and nickel production at its Sotkamo mine in the north-east of the country. The process of preparing the uranium recovery plant ready for use will take about a year, Terrafame said today. However, as the government decision can be appealed through Finland's Supreme Administrative Court, the company estimates it will take about two years for the permit to have legal force.

Uranium & Fuel 06 February 2020


Kazatomprom leaves U output unchanged in 2020

Kazatomprom leaves U output unchanged in 2020

Kazatomprom expects its 2020 uranium output to remain flat compared to 2019, consistent with its market-centric strategy and previously announced intention to "flex down" planned production volumes through 2021. The world's biggest uranium producer, the Kazakh company covered 23% of global output of the metal in 2018.

Uranium & Fuel 03 February 2020


Boss Resources will be Australia's next uranium producer, says CEO

Boss Resources will be Australia's next uranium producer, says CEO

Boss Resources' Honeymoon uranium project is one of the world's most advanced uranium development projects that can be fast-tracked to resume production, according to a feasibility study. Boss says the study is the "final independent validation" for the South Australian in-situ leach (ISL) project's restart.

Uranium & Fuel 21 January 2020


Canada and USA to collaborate on critical minerals

Canada and USA to collaborate on critical minerals

Canada and the USA have finalised an agreement to collaborate on improving the security of supply chains and ensure the future competitiveness of their critical minerals industries. The announcement follows a June 2019 commitment by the countries' leaders.

Nuclear Policies 09 January 2020


Franco-Uzbek uranium mining JV launched

Franco-Uzbek uranium mining JV launched

Orano has formally established a joint venture company with Uzbekistan's State Committee on Geological and Mineral Resources. The new company, Nurlikum Mining, will conduct mineral exploration and mining activities in the Central Asian country.

Uranium & Fuel 05 December 2019


Site of former Swedish uranium mine released

Site of former Swedish uranium mine released

The site of the former Ranstad uranium mine and processing facilities has been released from oversight under the Radiation Protection Act and the Nuclear Technology Act by the Swedish Radiation Safety Authority. The site, which already hosts an industrial park, is now free for any use.

Uranium & Fuel 25 November 2019