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Uranium Mining Issues: 2011 Review

(last updated 24 Jan 2012)

Contents:

> See also 2011 News Archive


 

Uranium price

At the beginning of the year 2011, the weekly uranium spot price, as published by Ux Consulting (UxC), continued the increase it had begun in mid-2010, starting from US$ 62.50 per lb U3O8 at year end 2010, until reaching a high of US$ 73.00 on January 31. As of March 7, it had declined again to US$ 66.50. After the Fukushima disaster in Japan (March 11), the price declined further, reaching a low of US$ 49.00 on August 29. It then remained in the US$ 51-55 range, with US$ $51.75 at year-end.

The monthly industry average price for long-term contracts, as published by Cameco, first jumped from US$ 66.00 in December 2010 to 71.50 in January 2011, but then continuously declined to US$ 62.00 per lb U3O8.

Impacts of the Fukushima accident in Japan and the subsequent nuclear phase-out announcements of several countries

 


Uranium exploration projects

Moratoria/Bans (establishing/extending/keeping):

 

Moratoria/Bans (lifting/weakening):

 

Exploration issues:

 

Environmental opposition against uranium exploration:

Uranium exploration projects drew opposition at a number of locations:

 

Positive preliminary economic assessments:

Positive preliminary economic assessments, preliminary feasibility studies, or scoping studies were announced for the following uranium mine projects: A Pre-feasibility study for the Bigrlyi uranium deposit in Australia's Northern Territory, however, showed that the mining project is economically marginal.

 


Uranium mine development projects

License applications for new uranium mines were actually filed for the following projects:

Uranium mining/milling licenses were issued for:

Several uranium mine development projects were temporarily suspended due to the unfavourable market situation (...and other issues):

Projects currently under development, or being prepared for development:

In Canada:

In the USA:

In Central/South America:

In Africa:

In Europe:

In Asia:

In Australia:

 


Supplies projects for the uranium industry

Namibia's extraordinary uranium rush requires manifold efforts to assure the necessary supplies for the uranium mines:

 


Alternate uranium recovery projects

By-product recovery of uranium from mining primarily for other ores:

The recovery of residual uranium from wastes and tailings:

This process that in principle would be environmentally advantageous for reducing the toxic load of the wastes and at the same time decreasing the need for fresh mining, in reality turns out to work not so smoothly:

 


Issues at operating uranium mines and mills

Planned expansion of existing uranium mines and mills, with licensing processes at various stages:

 

Natural forces affecting operating uranium mines and mills:

 

Environmental issues at operating uranium mines and mills:

 

Yellow Cake transport incidents:

 

Miners' health issues at operating uranium mines and mills:

 

Residents' health issues at operating uranium mines and mills:

 

Supplies issues at operating uranium mines and mills:

 

Other issues at operating uranium mines and mills:

 


Abandoned mines issues

 


Decommissioning issues

In Canada:

In the USA:

In Central/South America:

In Africa:

In Europe:

In Asia:

 


Health impacts: science issues

 


Legal and regulatory issues

 


Uranium trade and foreign investment issues

Uranium trade

 

Proliferation issues and uranium trafficking

 

Foreign exploration and mining investment and cooperation

Russia:

France:

India:

China:

Japan:

Canada:

 


This and that


> See also:

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