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Uranium and Nuclear Power Industry

World’s largest uranium miner warns Ukraine war makes it harder to supply west – by Harry Dempsey and Anastasia Stognei (Financial Times – September 10, 2024)

https://www.ft.com/

Pull towards Russia and China grows stronger, says boss of Kazatomprom

Kazatomprom’s chief executive has warned that Russia’s war on Ukraine is making it harder for the world’s largest uranium producer to keep supplying the west as the gravitational pull towards Moscow and Beijing grows stronger.

Meirzhan Yussupov, chief of the Kazakh state miner, said sanctions caused by the war had created obstacles to supplying western utilities. Kazakhstan produces 43 per cent of the world’s uranium, equivalent to the market share that the Opec cartel has over oil.

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Putin says Russia should consider restricting exports of uranium, titanium and nickel (Reuters – September 11, 2024)

https://www.reuters.com/

MOSCOW, Sept 11 (Reuters) – Russian President Vladimir Putin said on Wednesday that Moscow should consider limiting exports of uranium, titanium and nickel in retaliation for Western sanctions. Putin’s remarks to government ministers prompted a rise in nickel prices and drove shares in uranium mining firms higher.

In televised comments, he said such restrictions could also be introduced for other commodities, and noted that Russia was a major producer of natural gas, diamonds and gold.

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Katoro Gold expands into uranium exploration through Ontario acquisition – by Darren Parker (Mining Weekly – September 9, 2024)

https://www.miningweekly.com/

Aim-listed Katoro Gold has expanded into uranium exploration with the acquisition of the White Pine uranium project in Ontario, Canada. The acquisition was made through its subsidiary, Katoro Canada, which now holds a 100% interest in the project.White Pine covers an area of 8 036 ha and is located close to the Trans-Canada Highway, about 75 km southeast of the town of Dryden, in the Kenora district of north-west Ontario.

While the project is still in the early stages of exploration, public domain data has indicated the potential for significant uranium discovery at White Pine. Early results include highly anomalous uranium levels in lake sediments collected from the project area.

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‘We were expendable’: Downwinders from world’s 1st atomic test are on a mission to tell their story – by Suasn Montoya Bryan (Associated Press – August 25, 2024)

https://apnews.com/

LOS ALAMOS, N.M. (AP) — It was the summer of 1945 when the United States dropped atomic bombs on Japan, killing thousands of people as waves of destructive energy obliterated two cites. It was a decisive move that helped bring about the end of World War II, but survivors and the generations that followed were left to grapple with sickness from radiation exposure.

At the time, U.S. President Harry Truman called it “the greatest scientific gamble in history,” saying the rain of ruin from the air would usher in a new concept of force and power. What he didn’t mention was that the federal government had already tested this new force on U.S. soil.

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World’s largest uranium producer slashes production target – by Harry Dempsey (Financial Times – August 23, 2024)

https://www.ft.com/

Move by Kazakh mining company Kazatomprom threatens to squeeze supplies of the radioactive fuel

Kazatomprom, the world’s largest uranium producer, has slashed its production target for 2025 due to project delays and sulphuric acid shortages, threatening to squeeze supplies of the radioactive fuel vital for nuclear power.

The Kazakh company, which generates a fifth of global uranium supply, cut its target for next year by 17 per cent to a range of 25,000 to 26,500 tonnes of yellowcake. The move is likely to put upward pressure on uranium prices, which have softened from a 16-year high above $100 per lb this year but remain at historically elevated levels above $80 per lb, according to UxC, a pricing data provider.

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Canada’s nuclear industry energized by successful refurbishment projects – by Sasha Istvan (MacDonald Laurier Institute – August 16, 2024)

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The recent success of Canadian nuclear power projects speaks volumes about the industry’s preparedness and competitiveness.

When you think about Canadian infrastructure projects, what are the first words that come to mind? Late and over budget.

Poor project management, regulatory hurdles, and market impacts make it nearly impossible to build any major project on time, and it’s a genuine surprise if something gets completed under budget. This doesn’t have to be the case: the Canadian nuclear industry is rewriting this narrative. Currently, two of Canada’s largest active infrastructure projects are in the nuclear sector – and they are on time and on budget.

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‘We don’t want your garbage’: Northern township in shock after hearing Ontario is sending it radioactive waste – by Aya Dufour (CBC News Sudbury – August 20, 2024)

https://www.cbc.ca/news/canada/sudbury/

Communities asking the province to halt its transport plan while it holds consultations

Residents of a small northern Ontario township 40 minutes west of Sudbury say they were blindsided by Ontario’s decision to transport radioactive waste from an abandoned mill 200 kilometres away to the tailing facilities in their community in the coming weeks.

Nairn and Hyman, with a total of about 300 residents, became aware of the province’s plan when work began on the back roads leading to the Agnew Lake Mine last month, after there hadn’t been much action on that property since the Ministry of Mines took over in the 1990s.

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Niger government continues to support Dasa, Global Atomic says (World Nuclear News – August 14, 2024)

https://www.world-nuclear-news.org/

“We continue to make significant progress at our Dasa Uranium Project, currently employing over 450 people at site and expecting to increase that number to 900 once plant construction is in full swing,” Roman said. “We have an excellent relationship with the government and have the support of their entire cabinet, as they appreciate the jobs and economic benefit that Dasa will create for Niger.”

More than 1200 metres of ramp development has been completed since the November 2022 Opening Blast Ceremony, with 7000 tonnes of development ore hauled to surface to date. Mine development is continuing, and raise boring is now under way for the main components of the mine’s ventilation infrastructure.

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First Nations declare opposition to nuclear waste project – by Mike Stimpson (NWO News Watch – August 7, 2024)

https://www.nwonewswatch.com/

A deep geological repository would be bad news for the environment and people of Northwestern Ontario, according to the AKRC.

SIOUX NARROWS – The Township of Ignace has said yes to a nuclear waste repository project, but five First Nations in the Lake of the Woods area say no way.

Storing nuclear waste between Ignace and Dryden would endanger the region’s ecosystem and violate their rights as Indigenous peoples, according to a declaration from the Anishinaabeg of Kabapikotawangag Resource Council (AKRC).

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Paladin excited to enter the ‘Pilbara of uranium’ – by Mariaan Webb (MiningWeekly – August 7, 2024)

https://www.miningweekly.com/

Australia-headquartered uranium miner Paladin Energy is set on transforming itself from a single-asset entity into a “serious global producer with scale and upside potential”, said COO Paul Hemburrow.

Speaking at the Diggers and Dealers forum, in Kalgoorlie, this week, he expressed enthusiasm about the proposed acquisition of Fission Uranium, a deal valued at C$1.14-billion.

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Protesters say uranium shipments near the Grand Canyon threaten health, safety – by Trilce Estrada Olvera (Arizona Republic – August 7, 2024)

https://www.azcentral.com/

GRAND CANYON — On a summer Sunday morning near the intersection of Forest Road 320 and State Route 64, more than 100 people gathered to protest the first shipments of uranium ore from a mine south of the Grand Canyon.

The protest took place at a point along the authorized route for transporting uranium ore from Energy Fuels’ Pinyon Plain Mine to its White Mesa Mill near Blanding, Utah. The mining company had moved the first truckloads or unprocessed ore from the mine last Tuesday.

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Paladin CEO bullish on clearing national security test on Fission deal, as Ottawa inquires about state-owned China shareholder – by Niall McGee (Globe and Mail – July 18, 2024)

https://www.theglobeandmail.com/

Australia’s Paladin Energy Ltd.is confident its proposed acquisition of Canada’s Fission Uranium Corp. will clear a national security probe, as Ottawa makes enquiries about CGN Mining Co. Ltd., a China-based state-owned deal stakeholder.

Perth-based Paladin last month said it had reached a friendly agreement to buy Kelowna, B.C.-based Fission in an all-stock transaction worth $1.14-billion. Fission is developing the Patterson Lake South (PLS) uranium project in the Athabasca Basin region of Saskatchewan and hopes it will be in production by the end of the decade.

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Turkey Top Envoy Goes to Niger in Bid to Secure Uranium Supplies – by Selcan Hacaoglu (Bloomberg News – July 17, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Turkey’s foreign, defense and energy ministers visited Niger on Wednesday to secure access to the West African nation’s rich uranium deposits.

The delegation, which is led by Foreign Minister Hakan Fidan and includes top spy chief Ibrahim Kalin, wants to tap Nigerien supplies of the fissile mineral to fuel Turkey’s nascent nuclear-power industry, according to people familiar with the matter who asked not to be identified as they’re not authorized to speak to the media.

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Cameco is breaking ground on new ways to mine uranium – by Michael Joel-Hansen (Saskatoon Star Phoenix – July 15, 2024)

https://thestarphoenix.com/

About half of the ore mined by the Canadian nuclear fuel giant is now extracted using automation and AI

Many countries around the world are looking to build out their capacity for nuclear power as they try to reduce their carbon emissions, which has created an increased demand for uranium. But the market for uranium has also been undergoing some major changes due to sanctions on Russia because of its invasion of Ukraine. There have been quite a few changes on the operations front, too.

For example, Saskatoon-based uranium miner Cameco Corp. is undergoing a major evolution in the way it extracts the heavy metal. Lloyd Rowson, vice-president of technical services, said the best example of this change can be seen at the Cigar Lake mine, which began operating in 2014.

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GoviEx Uranium has mining licence in Niger revoked, shares plummet – by Staff (Mining.com – July 4, 2024)

https://www.mining.com/

GoviEx Uranium (TSXV: GXU) no longer has rights over the perimeter of the Madaouela mining permit following the Niger government’s decision on Thursday to withdraw its licence, dealing a big blow to the development of one of the world’s largest uranium projects.

The Vancouver-based uranium miner had feared that its licence could be revoked if mining could not start by July 3, 2024, a deadline set by Niger’s military leaders who came into power around this time last year.

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