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Monday, May 12, 2008 5:11PM IDLE (GMT +12hrs)
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Latest Uranium Mining News Headline
Friday, May 09, 2008
AFRICAN ENERGY RESOURCES LIMITED and ALBIDON LIMITED
African Energy completed its pre-feasibility study to assess the viability of commercial uranium mining from the Njame and Gwabe deposits in the Chirundu joint venture project in Zambia. The project is commercially viable using open pit mining of uranium and has a life of 5-6 years producing 1.3 Mlb U3O8 per annum. The estimated capital costs are US$68 milllion for pre-production costs with an additional US $21 million deferred costs. The company's directors have approved the commencement of a bankable feasibility study for the project.
Property: CHIRUNDU JV-NJAME/GWABE
(Complete Text of May 9, 2008 News Release) PDF
 
Topical Uranium Mining Links
Top uranium producing companies: Cameco, Rio Tinto, Areva, KazAtomProm, TVEL, BHP Billiton, Navoi, Uranium One

Top uranium producing mines: McArthur River, Ranger, Rossing, Kraznokamensk, Olympic Dam, Rabbit Lake, Akouta, Arlit, Akdala, Highland - Smith Ranch, Beverley, McClean Lake

Top uranium producing countries: Canada, Australia, Kazakhstan, Niger, Russia, Namibia, Uzbekistan, USA, Ukraine, China

(Please email us with any comments on the above top producing companies, properties or countries.)

Latest: Uranium Property Financings - Uranium Mine Developments - Uranium Exploration Results
State of the Industry Review: Uranium
By Marino G. Pieterse – June 2007
Since the development of the first atomic bomb in the 1940’s by the US government, uranium has become a critical, peaceful energy source. Indeed, concerns over shortage of oil and gas with resulting high prices in these fossil fuels, along with environmental issues regarding greenhouse gas emissions, has fuelled a new interest in nuclear energy as the source of power to meet current and future global demand for electricity.

Over 40,000 tonnes was produced in 2004, the two largest producers being Canada (29%) and Australia (22%). Cameco, a Canadian company and the world’s current largest uranium producer, produced over 8,000 tonnes. The future, however, is centered more on Australia which contains 28% of known reserves, followed by Kazakhstan (18%).

 
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