HOME   WISE Uranium Project   >   Mining & Milling   >   Issues   >

Uranium Mining Issues: 2015 Review

(last updated 4 Nov 2016)


> See also 2015 News Archive


Uranium price

The weekly uranium spot market price, as published by UxC, started the year at $35.25 and ended it $1 lower at $34.25 per lb U3O8. In between, it hovered in the $35 to $39 corridor for most of the time. So, it stayed at about half of the value required for many of the currently proposed new uranium mine projects to become feasible. Consequently, there was no incentive for the uranium industry to end its current hibernation mode.

After last year's failure, one of our most reliable indicators of the actual state of affairs in the uranium industry - the number of companies adding/removing the term "uranium" to/from their name - returned to normal function again, with two companies actually removing the term and one other company announcing so.
Last year's anticyclical exception, a company changing its name to "NX Uranium, Inc." apparently did not evolve into a high-flier, as it produced no news at all - thus confirming our then suspicion that the name must be correctly read as "Nix Uranium, Inc." This year almost produced another exception, as "Berkeley Resources Ltd." - the developer of the Salamanca uranium mine project in Spain - felt it was time to replace the term "Resources" with something more sexy, but they lost heart halfway, choosing the term "Energy" rather than "Uranium".

This year, the "Mind-blowing Company News of the Year Award" goes to struggling Australian uranium explorer Capital Mining for its announcement to switch business and grow cannabis in Canada.



Uranium exploration projects


Exploration issues:

Positive preliminary economic assessments:

In spite of the depressed market, there are still a number of companies carrying on their projects - to be prepared once the hoped-for big upturn of the uranium market actually happens.
Positive preliminary economic assessments, preliminary feasibility studies, or scoping studies were announced for the following uranium mine projects - however, all of them assuming uranium sales prices way above current market prices:



Uranium mine development projects

License applications for new uranium mines were actually filed for the following projects:

Uranium mining/milling licenses were issued for:

In addition, a Czech company obtained a mining license for an unnamed uranium deposit in Mongolia.

The following uranium mine development project was temporarily suspended due to the unfavourable market situation (in addition to those already suspended in previous years):

A mining license was denied for:

Projects currently under development, or being prepared for development:

In Canada:

In the USA: In Africa: In Europe: In Asia: In Australia:



Alternate uranium recovery projects

By-product recovery of uranium from mining primarily for other ores:



Issues at operating uranium mines

Suspended mine expansion projects:


Planned expansion of existing uranium mines and mills, with licensing processes at various stages:


Natural forces affecting operating uranium mines and mills:


Environmental issues at operating uranium mines and mills:


Industrial action at operating uranium mines and mills:


Miners' health issues at operating uranium mines and mills:


Supplies issues at operating uranium mines and mills:


Shutdown, downsizing, etc. of operating mines and mills due to poor economics:


Other issues at operating uranium mines and mills:



Abandoned mines issues



Decommissioning issues

In the USA:

In Central/South America:

In Africa:

In Europe:

In Australia:



Health impacts: science issues



Legal and regulatory issues

In Canada: In the USA: In South/Central America: In Africa: In Europe:



Uranium trade and foreign investment issues

Uranium trade and transport


Proliferation issues


Foreign exploration and mining investment and cooperation

Russia: China:



This and that


> See also:

HOME   WISE Uranium Project   >   Mining & Milling   >   Issues   >