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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

7/13/2015 by mdc
http://investingnews.com/daily/resource-investing/energy-investing/uranium-in...
In 2014, world uranium production came to 56,217 tonnes, slightly down from the 2013 number of 59,370 tonnes. Kazakhstan was far and away the top uranium-producing country with 23,127 tonnes, and it was followed by Canada with 9,134 tonnes and Australia with 5,001 tonnes.

McArthur River Mine

2014 mine production - 7,356 tonnes

Located in Saskatchewan, Canada, the McArthur River mine is the largest uranium mine, and its annual output dwarfs that of other projects. In 2014, the mine accounted for 13 percent of uranium mined worldwide.

Major miner Cameco holds a 69.8-percent stake in McArthur River and is its operator. It is entitled to 241 million pounds in proven and probable uranium reserves. AREVA Resources Canada, a subsidiary of AREVA, owns the other 30.2 percent of McArthur River.

McArthur River became operational in 2000, and expansion into other prospective deposits near the mine could prolong its life. To date, McArthur River has yielded 269.7 million pounds of uranium.

2. Tortkuduk and Myunkum Mines

2014 mine production - 4,322 tonnes

The Tortkuduk and Myunkum mines are located in Kazakhstan, and are operated through a joint venture between AREVA and state-owned nuclear energy company Kazatomprom. Areva owns a 51-percent stake in these mines, while Kazatomprom has 49-percent ownership. The company partnership is known as KATCO, and was formed in 1996.

Last year, the Tortkuduk and Myunkum mines produced 8 percent of the world uranium. Yearly production has exceeded 3,000 tonnes for the past five years, and has increased dramatically in the past two. The mines not only comprise one of the largest uranium deposits in the world, but are also a top employer in Southern Kazakhstan.

See the other 8 mines.

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