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Uranium Mining Issues: 2013 Review

(last updated 5 Feb 2014)


> See also 2013 News Archive


Uranium price

During the course of the year 2013, the uranium price decreased further in the aftermath of the Fukushima disaster: In the first half of the year, UxC's weekly spot price declined from US$ 43.50 to US$ 39.50 per lb U3O8. In the second half of the year, it fell to US$ 35.00 per lb U3O8 and then showed only slight fluctuations around this level, which remained also the value at the end of the year.
The monthly industry average price for long-term contracts, as published by Cameco, declined from US$ 56.50 at year end 2012 to US$ 50.00 at year end 2013.

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, increasing the uncertainty among companies and investors further.
Consequently, the second half of the year saw an unprecedented series of announcements postponing or abandoning mining projects.
And, like in the previous year, more companies (six, this time, if we counted correctly) deleted the term "uranium" from their names - apparently the most reliable indicator of the state of affairs in the uranium industry. Last year's startling anticyclical exception, a U.S.-based company changing its name to "Cyclone Uranium Corporation", could not stand up to the expectations raised by the audacious choice of name, as the company produced almost no news at all.



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, often assuming uranium selling prices far beyond 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:

Several uranium mine development projects were temporarily suspended and/or abandoned, 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:



Alternate uranium recovery projects

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

The recovery of residual uranium from wastes and tailings:



Issues at operating uranium mines and mills

Delayed mine expansion projects:


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:


Miners' 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 Canada: In the USA: In Africa: In Europe: In Asia: In Australia: General:



Uranium trade and foreign investment issues

Uranium trade


Proliferation issues and uranium trafficking


Foreign exploration and mining investment and cooperation



This and that


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