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Uranium Mining Issues: 2014 Review

(last updated 13 Oct 2016)

Contents:

> See also 2014 News Archive


 

Uranium price

During the first quarter of the year, UxC's weekly spot price (in US$/lb U3O8) remained close to its first value of $34.65. It then fell to approx. $28, where it remained during June and July. Subsequently it increased until reaching a sharp peak at $44.00 on Nov. 17, from where it then declined to its year-end value of $35.50, not very far from the value at the beginning of the year.

So, once again, the uranium price remained below the lower bound of approx. US$ 60 - 70 per lb U3O8 required for the profitability of many of the mine projects currently under consideration or under development, sending the already battered uranium industry into some sort of hibernation mode - not counting the cackle of all kinds of charlatans around the November peak.

Oddly enough, though, other than in the preceding years, we noticed no further companies removing the term "uranium" from their names. On the contrary, one company even added the fateful U-word to its name, which then became "NX Uranium, Inc.". This makes, however, sense, if the name is correctly read as "Nix Uranium, Inc."

This year, the "Mind-blowing Company News of the Year Award" goes to Canadian explorer Prescient Mining Corp. for its announcement to abandon the Hook Lake uranium project in Saskatchewan and switch business to grow cannabis under the new name of Aurora Cannabis Inc.

 


 

Uranium exploration projects

Moratoria/Bans (establishing/extending/keeping):

Moratoria/Bans (lifting/weakening):

Exploration issues:

Environmental opposition against uranium exploration:

Positive preliminary economic assessments:

Positive preliminary economic assessments, preliminary feasibility studies, or scoping studies were announced for the following uranium mine projects - however, all of them assuming uranium selling prices way above current market prices:

 


 

Uranium mine development projects

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

Uranium mining/milling licenses were issued for:

Uranium mine development projects that were temporarily suspended due to the unfavourable market situation (in addition to those already suspended in previous years)

Uranium mine development projects that were abandoned or terminated due to the unfavourable market situation

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:

 


 

Alternate uranium recovery projects

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

 


 

Issues at operating uranium mines and mills

Mine expansion projects delayed in view of the low uranium price:

 

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:

 

Shutdown, downsizing, etc. of operating mines and mills due to poor economics:

 

Other issues at operating uranium mines and mills:

 


 

Abandoned mines issues

 


 

Decommissioning issues

In the USA:

In Europe:

In Asia:

 


 

Legal and regulatory issues

In the USA: In Africa: In Europe: In Australia:

 


 

Uranium trade and foreign investment issues

Uranium trade

 

Proliferation issues and uranium trafficking

 

Foreign exploration and mining investment and cooperation

France: Turkey: Russia: India: China:

 


 

This and that

 


> See also:

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