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Analysis of Uranium supply to 2050
Uranium Marketing Annual Report 2008
Domestic Uranium Production Report 4th Quarter 2009
Nuclear and Uranium Glossary
Uranium Markets September 2008
Supply of Uranium September 2009
World Uranium Mining November 2009
What is Uranium? How does it work?

 
 
Uranium Mining Company Search

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Uranium Mining Area Play
 Athabasca Basin, Saskatchewan, Canada
 Central Mineral Belt, Labrador, Canada
 Northwest Territories, Canada

News and Editorials
Jul 28 White Canyon (WU,TSXV) Receives Convertible Note Deed Approval With First Tranche Available Immediately Yahoo.com
Jul 28 The three year uranium bear market. Is it over? Mineweb.com
Jul 28 Uranium: how to play it and why Seekingalpha.com
Jul 28 Uranium regains its luster (Vol 2) Ninemsn.com.au
Jul 27 Uranium One (UUU,TSX) to Host Q2 2010 Results Conference Call Yahoo.com
Jul 27 Pancon (PUC,TSXV) Announces Core Drilling Underway on Cockroach Dam Prospect, on Charley Creek Project, NT, Australia Yahoo.com
Jul 27 Macusani Yellowcake (YEL,TSXV) Intersects Higher-Grade Uranium at Colibri 2 and 3 Properties Yahoo.com
Jul 27 Sector Update: Uranium Producers Extending Run - Cameco (CCO,TSX) , First Uranium 4% Higher on Expected Demand Growth Nasdaq.com
Jul 27 Uranium regains its lustre Ninemsn.com.au
Jul 27 Why not uranium now? Commodityonline.com
Jul 27 Uranium price spike ahead? Fool.com
Jul 26 Mantra Resources Limited (MRL,TSX) : Drilling continues to confirm continuity of mineralised zone at Nyota Prospect Yahoo.com
Jul 26 Correction: Fission (FIS,TSXV) Commences Summer Drill Program at J-Zone High Grade Uranium Discovery, Waterbury Lake, Athabasca Basin Yahoo.com
Jul 26 Is uranium's three-year bear market over? Telegraph.co.uk
Jul 26 Uranium supply key for top energy user China Miningweekly.com
Jul 23 Turning uranium into energy Smithmountainlake.com
Jul 23 Red Book reveals plenty of uranium Neimagazine.com
Jul 23 Looking for gold in uranium mining Smithmountainlake.com
Jul 23 Uranium juniors compared: Best of the Boards/Blogs Stockhouse.com
Jul 22 Mawson (MAW,TSX) outlines summer work programs at the Rompas gold uranium discovery in Finland Yahoo.com
Jul 22 Khan (KRI,TSX) Mongolia Court Case Postponed Yahoo.com
Jul 22 Titan Uranium Inc. (TUE,TSXV) Commences Summer Drilling Program on Border Block Project Yahoo.com
Jul 22 Uranium prices set to rise by 2014, Allan Eggers Perthnow.com.au
Jul 21 Bannerman (BAN,TSX) Reports New Regional Exploration and Infill Drilling Results Yahoo.com
Jul 21 Homeland Energy (HEG,TSX) Announces Appointment of New Chief Financial Officer Yahoo.com
Jul 21 Pinetree Capital (PNP,TSX) Announces Extension of Line of Credit Yahoo.com
Jul 21 Rising uranium demand still can't outpace supply Theglobeandmail.com
Jul 21 Uranium prices have 'limited upside' with market in surplus
Jul 21 How the next major uranium discovery will be found Businessinsider.com
Jul 21 Uranium industry set to take off Yahoo.com
Jul 21 Uranium resources for at least a century World-nuclear-news.org
Jul 21 A glowing review for uranium plays Seekingalpha.com
Jul 20 Rare Earth Metals (RA,TSXV) Completes Letitia Lake/Red Wine Airborne Survey Yahoo.com
Jul 20 Tournigan (TVC,TSXV) Mobilizes Zone 45 Drill Program Yahoo.com
Jul 20 Uranium output up in second quarter Namibian.com.na
Jul 20 Uranium spot price rises slightly, but gain may be temporary Platts.com
Jul 20 Enough uranium for 100 years Straitstimes.com
Jul 19 Khan (KRI,TSX) Wins Mongolian Court Case Yahoo.com
Jul 19 Macusani Yellowcake (YEL,TSXV) Intersects More High-Grade Uranium Over Long Intervals at Corachapi Property, Peru Yahoo.com
Jul 19 Paladin Energy Ltd. (PDN,TSX) : Quarterly Activities Report For Period Ending-30 June 2010 Yahoo.com
Jul 19 RCR reports equity research report on global uranium companies Marketwire.com
Jul 19 Uranium demand revival and relief for investors Commodityonline.com
Jul 16 Polo Resources Limited (POL,TSX) : Notice of General Meeting Yahoo.com
Jul 16 Uranium sector rallies as access to supply in focus Financialpost.com
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Uranium Stock Comparables
CompanySymbolStatus
CamecoCCOIn Production
DensionDMLIn Production
UrAsiaUUUIn Production
PaladinPDNIn Production
Energy MetalsEMCQ4/07
Ur-EnergyURE2008
ForsysFSYN/A
ToumiganTVCN/A
AuroraAXU2012
KhanKRIN/A
UEX Corp.UEXN/A
Source : Griffiths McBurney

Feature Presentation
The Athabasca Basin in Northern Saskatchewan hosts the world's largest and highest grade uranium deposits accounting for 1/3 of the global uranium supply, a figure which is expected to increase significantly by the end of the decade. The Basin has witnessed a rush in claim staking activity since 2004 due to the rise in the price of uranium to about US$40/lb (March 13, 2006). At present, there are more than 30 companies exploring for uranium in the Basin.
Full coverage of the Athabasca Basin

Uranium Sector Reports
by Resource Captial Research

Uranium Market Commentary
U3O8.biz : Jul 28, 2010 - Uranium price surges on anticipated demand - TradeTech reports the week ending Friday indicated spot price uranium escalating almost 5 percent to $43.50 per pound. The catalyst for the overall optimistic mood is the fact that some suppliers have experienced labor concerns and equipment failures, increasing overall expectations that present supply projections for the years ahead will fall short while Asian utilities plan to step up their buying activity. This week's appreciation marks the single largest rise in spot prices since October 2009, when the price increased from $47.50 to $50.00 per pound. The overall market indications seem bullish with new buyers emerging over the past several weeks and the number of registered spot market deals climbed to seven transactions last week, good for over 800,000 pounds of uranium changing ownership. Many analysts have been forecasting price projections of $50 to $55 per pound for next year, so the potential for future price increases remains ahead. China is likely to double its uranium purchases to around 5,000 ....
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Facts (Source: Uranium Information Centre Ltd)
Over half of the world's production of uranium from mines is in Canada and Australia. Canada produces the largest share of uranium from mines (29% of world supply from mines), followed by Australia (21%).
Canada has two relatively new mines which have come into production: Cogema's McClean Lake mine started up in 1999 and is producing almost 3000 t/yr U3O8 (2550 tU). Cameco's McArthur River deposit has enormous high-grade reserves and has started supplying ore from its underground mine to the Key Lake mill, to produce about 8200 t/yr U3O8 (7000 tU).
Two more are ready to develop: Cameco's Cigar Lake underground mine will truck ore for treatment at McClean Lake and Rabbit Lake mills, 80 km away, to produce 8200 t/yr U3O8 (7000 tU). Cogema's Midwest mine will be underground, and this ore also is likely to be milled at McClean Lake nearby, to produce 2600 t/yr U3O8 (2200 tU).
Thus by about 2006, Canadian output could be substantially be concentrated at two mills: McClean Lake producing over 9000 tU and Key Lake 7000 tU per year, with about 2500 t/yr coming from Rabbit Lake. All this will be over half of projected world mine production. (See also UIC Briefing paper #3 on Canada.)
In Australia Beverley, a 1000 tU/yr ISL mine in South Australia, started up late in 2000. Two further mines are under development. A similar-sized ISL mine under development is Honeymoon. These are similar to those providing most US uranium. Jabiluka, NT, is to be a conventional underground mine, though its production will be phased in to match the decline of Ranger.
With the ISL mines plus Ranger and the expanded Olympic Dam, Australian uranium production is likely to reach some 9000 tonnes U per year. This will be almost a quarter of projected world mine production. (See also UIC Briefing paper #1 on Australia)

Primary Supply by Mine
MineCountryMain Owner Mine TypeProduction
(mm lbs)
%
World
McArthur RiverCanadaCameco Underground18.718%
RangerAustraliaRio Tinto Open Pit11.311%
Olympic DamAustraliaWMC Resources By-Product9.69%
RossingNamibiaRio Tinto Open Pit7.98%
McClean LakeCanadaCogema Open Pit6.06%
Rabbit LakeCanadaCameco Underground5.45%
AkoutaNigerCogema Underground5.25%
ArlitNigerCogema Open Pit3.33%
BeverlyAustraliaHeathgate Resources Insitu Leach2.42%
Vaal RiverSouth AfricaAnglogold Ashanti By-Product2.02%
Sub-Total    71.969%
World Total    104.7 
Source : World Nuclear Association, GMP

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