While Australia holds the largest uranium resource of any country and according to Mining Weekly has the potential to earn AU$2 billion annually, mining bans and restrictions in various states prevent much mining from happening there.4. Niger Mine production: 4,057 tonnes Niger produced 4,057 tonnes of uranium in 2014, a large decrease from 2013's 4,518 tonnes. The country has two significant uranium mines in production, yet there is strong government backing for expanding mining operations; that has led to plans for additional mines and prospects in the future. Of these new mines, GoviEx Uranium's (CSE:GXU) Madaouela project will be a promising addition once it begins production; that is expected to happen in 2017 or 2018. The project's measured and indicated mineral resource was recently increased to 110.76 million pounds U3O8, while its inferred resource sits at 27.66 million pounds U3O8. 5. Namibia Mine production: 3,255 tonnes Namibia's uranium production also saw a severe drop in 2014, sinking to 3,255 tonnes from 4,323 tonnes the previous year. The country has two uranium mines that are capable of producing 10 percent of the world's output. Considering the country receives half its power from South Africa, which has power constraints of its own, it faces serious electricity challenges. Luckily the government, which is a proponent of expanding mine production, has expressed an interest in supplying its own electricity through new nuclear power resources; as yet no progress has been made towards this goal. 6. Russia Mine production: 2,990 tonnes Russia produced 2,990 tonnes of uranium in 2014, while its 2013 output was 3,135 tonnes. The country is expected to increase its production in the coming years, and is focused on generating additional revenue from exports. This goal is motivated politically as well as economically. Talks of sanctions against Russia being gradually lifted will likely alleviate some of its production woes; however, Rosatom State Atomic Energy, the country's nuclear power company, said it aims to be one of the top global players in the sector despite sanctions from the west.
7. UzbekistanMine production: 2,400 tonnes In 2014, Uzbekistan produced 2,400 tonnes of uranium, fairly even compared to the last few years. Most of the country's uranium mining occurs in the Navoi region, with the mines being linked by railway. Navoi Mining & Metallurgy Combinat (NMMC) is part of state holding company Kyzylkumredmetzoloto¿, and handles all the country's uranium-mining activity. In April 2015, NMMC announced the government had approved plans to implement 27 projects to modernize its production facilities by 2019. 8. United States Mine production: 1,919 tonnes The US was one of the few countries to increase its uranium production in 2014, and has actually been relatively consistent in its increases over the years. In 2014, the country produced 1,919 tonnes of uranium, a jump from 2013's 1,792 tonnes. Uranium mining in the US is currently only performed by a few companies, while exploration is handled by many. The White Mesa mine in Utah is fed by four or five underground mines and several in-situ leach operations, covering all US uranium production. 9. China Mine production: 1,500 tonnes China's uranium production has remained constant over the past few years, totaling 1,500 tonnes in 2012, 2013 and 2014. The country is making plans to expand its production, with many state-owned enterprises acquiring uranium resources within China, as well as internationally. Currently, domestic uranium mining supplies less than a quarter of China's nuclear fuel needs, and the country aims to take steps to be self sufficient in most aspects of its fuel cycle. Currently, 26 nuclear reactors are being built on home soil. 10. Ukraine Mine production: 926 tonnes Ukraine also saw an increase in its uranium production from 2013 to 2014, though not very much. In 2014, the country produced 926 tonnes of uranium, slightly more than the 922 tonnes produced in 2013. Ukraine is largely dependent on nuclear energy, with 15 reactors generating approximately half of its electricity. To increase its fuel for nuclear power, the country is open to foreign investment to increase uranium production.
_______________________________________________________________________________(September 21, 2014) 2013 Top 10 Uranium-producing Countries Soft uranium prices may have put a dent in the uranium market, but they certainly haven't stopped production. Here's a look at 2013's top 10 uranium-producing countries and their largest mines. Numbers are based on statistics from the World Nuclear Association. Kazakhstan Kazakhstan retained its spot as the world's largest uranium producer for the fifth year in a row. In 2013, the country produced 28 percent of the world's supply of uranium from mines, putting out 22,574 tons. Kazakhstan's largest mine is Tortkuduk, owned by Katco, a joint venture between AREVA (EPA:AREVA) and Kazatomprom. The mine produces uranium through in-situ leaching, or ISL, and produced 2,563 tons in 2013. Canada Canada was the world's second-largest uranium producer in 2013, accounting for 16 percent of production of uranium from mines. In total, the country produced 9,332 tons of uranium last year, an increase over 2012. At one time Canada was the largest uranium producer in the world, but it lost that place to Kazakhstan in 2009. Its largest uranium-producing mine is McArthur River, which is owned by Cameco (TSX:CCO,NYSE:CCJ). It is an underground operation and produced 7,744 tons of uranium in 2013. The McArthur River mine is in Saskatchewan, like all of Canada's operating uranium mines. Australia Australia produced 11 percent of the world's uranium from mines in 2013, with a total production level of 6,350 tons. The country's largest mine, Olympic Dam, is owned by BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) and produced 3,399 tons of uranium in 2013. It is a by-product and underground operation. According to the World Nuclear Association, Australia has the largest amount of known uranium resources in the world, amounting to 31 percent of the global total. Niger Niger produced 4,528 tons of uranium in 2013. The country only began to produce uranium commercially in 1971, and already produces 7.5 percent of the world's uranium from mines. It has the highest grades of uranium ore in Africa, according to the World Nuclear Association, as well as strong governmental support for expansion in the industry.
Its largest mine is SOMAIR, owned by AREVA. It produced 2,730 tons in 2013. Both SOMAIR and COMINAK, the country's other uranium mine, were shut down for maintenance at the end of 2013 and still await the renewal of their licenses.Namibia In 2013, Namibia produced 4,315 tons of uranium. The country has two significant uranium mines, one of which is Langer Heinrich. The mine, owned by Paladin Energy (TSX:PDN), is an open-pit operation that produced 2,098 tons of uranium in 2013. Commercial production of uranium in Namibia began in 1976, nearly half a century after uranium was discovered in the Namib Desert. Russia Russia produced 3,135 tons of uranium in 2013. The country has about 10 percent of the world's uranium resources, as per the World Nuclear Association. Russia also has substantial reserves of uranium. Priargunsky, owned by AtomRedMetZoloto, or ARMZ, is an underground mine that produced 2,133 tons of uranium in 2013. It is the country's largest uranium mine. ARMZ is a state-owned company that took over existing uranium mining and exploration assets between 2007 and 2008. Uzbekistan In 2013, Uzbekistan produced 2,400 tons of uranium. Uzbekistan accounted for a large part of Russia's uranium supply until it achieved its independence in 1991, along with Kyrgyzstan and Tajikistan. Now, the country mines most of its uranium in its central region. Its mining directorate #5, largely in Bukhara province with headquarters in Zafarabad, is the most productive region, accounting for up to 2,100 tons of uranium each year. The mines in mining directorate #5 are North and South Bukinay, Beshkak, Istiklol, Kukhnur, Lyavlyakan, Tokhumbet and South Sugraly. USA The United States ranks ninth in the world for known uranium resources, and had about 207,400 tons of reasonably assured resources as of 2011. In 2013, the country produced 1,835 tons of uranium. Uranium mining has gone on in the US since the 1950s, when it was backed by government subsidies. Now, the US produces less uranium than it uses, importing the rest; it plans to expand its domestic production.
In 2013, the US operated six ISL uranium operations and three underground mines. The top-producing mine in 2013 was the Smith Ranch-Highland ISL site, owned by Cameco.China China produced an estimated 1,450 tons of uranium in 2013. The country wants to produce one-third of its uranium domestically, and is working toward this goal by increasing its mining activity. Its largest mine is the Fuzhou project in Jiangxi province. It's an underground mine with a nominal capacity of 500 tons a year. Malawi Rounding out the top 10 uranium-producing countries, Malawi produced 1,132 tons of uranium in 2013. Up until 2009 the country was not known as a uranium producer. Its largest mine is the Kayelekera project in Northern Malawi, owned by Paladin Energy. The mine produced all of Malawi's uranium in 2013. The mine is currently not producing and is on care and maintenance as a consequence of low uranium prices. 10 Top Uranium-producing Countries from Uranium Investing News