Kazakhstan produced a good 22,800 tons of uranium last year. Around two thirds of global uranium production comes from Kazakhstan (42 percent), Canada (13 percent) and Australia (12 percent).
Some of the world’s largest uranium mines are located in other countries. According to the World Nuclear Association, the Cigar Lake uranium mine in northern Saskatchewan is the highest-producing mine, nearly 7,000 tons of uranium in 2019, with an average grade of 14.69 percent U308. This is the highest content of uranium that can be found in uranium mines.
In Saskatchewan is also for example IsoEnergy – https://www.youtube.com/watch?v=AdfwR3jPQF8&list=PLBpDlKjdv3yrkK3cJs5qwI5rEMJluX1nj&index=2&t=5s – with several uranium projects in the Athabasca Basin. The most recent wells produced an average of 6.9 percent uranium, and even 49.3 percent uranium over 1.5 meters.
The second largest uranium mine, the Husab uranium mine, is located in Namibia and is operated by Swakop Uranium, a partnership between China and Namibia. Last year it produced around 3,400 tons of uranium. Then in terms of size come BHP Billiton’s Olympic Dam property in Australia, followed by Moinjum and Tortkuduk in Kazakhstan. The operators are Orano and Kazatomprom.
The next uranium mine is the Inkai mine, also in Kazakhstan and operated by Kazatomprom. According to this company, due to the Covid-19 pandemic, the expected production level for 2020 will decrease by an estimated 20 percent.
So there are very large properties in the world that also contain a lot of uranium. Uranium mines in countries that rely heavily on and promote their own uranium production, such as the USA, are also a plus. There the dependence on uranium imports is to be reduced.
This development should be positive for about Uranium Energy – https://www.youtube.com/watch?v=Zr6ep8XFRKc&list=PLBpDlKjdv3yrqMRq5MAmZ92hhtt_FCXto&index=4&t=1s – prove. Because this company already has approved uranium projects in the USA.
Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/de/unternehmen/iso-energy-ltd/ -) and Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -).
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