North American Uranium Reserves to Boost Mining Industry.
Substantial reserves in Canada and the US are expected to keep uranium production buoyant in North America, according to a new report by natural resources experts GBI Research.
The new report* states that the future of uranium production in the region relies upon new mining developments, with the most significant expansions destined for Canadian uranium mines.
North America is one of the major uranium producing regions in the world, accounting for around 17% of global uranium mine production during 2011. At the end of 2010, the region had reserves of 761,781 ton uranium (tU), representing about 12% of global reserves, but several exploration activities currently in progress look to nurture further growth in North America's uranium industry.
The development of new mines and capacity expansions at existing mines in the US and Canada will underpin regional uranium mine production. The development of Cigar Lake, one of the world's largest undeveloped high-grade uranium deposits located in Saskatchewan, Canada, is expected to be operational by mid-2013 and have an annual production capacity of 6,924 tU. Similarly, the Midwest Millennium mine project in Northern Saskatchewan, the Kiggavik project in the Kivalliq region of Nunavut, the Matoush exploration project in central Quebec, and the Nichols Uranium Project in the US are expected to boost production in the near future.
In addition to this, the multi-year McArthur River extension project, which began in 2010, is encouraging a new lease of underground exploration around present mining operations in Canada. Expansion plans are also present for Rabbit Lake uranium mine, where new mineralization, known as the Powell zone, has been identified, with new drilling plans scheduled for 2012.
However, despite this abundance of uranium, labor and fuel costs are becoming a harder challenge to conquer for mining operators in North America, with Canadian uranium mining company Cameco Corporation claiming that their rising prices are a key factor affecting business. Occupational risks are another potential problem facing uranium miners around the world, due to radioactive dust present in mining operations. Should lawsuits arise as a result of workers suffering bad health, this would likely have a crippling effect on uranium mining companies' finances.
North America produced an estimated 10,561.4 tU in 2011, and regional uranium mine production is forecast to increase by 6.8% to 18,236 tU in 2020. The rate of expected growth in mine production during 2012-2020 in the US and Canada is roughly the same, with estimated CAGRs of 6.7% and 7% respectively.
Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price Increases
This report provides key data, information and analysis of the North America uranium mining industry, comprising Canada and the United States. The report covers the industry's drivers and restraints, production and reserves. This report discusses uranium mine production and available reserves across North America as well as the commissioning of several planned uranium assets and the exploration and development activity initiated within the geographical territory of North America. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research's team of industry experts.
Abstract
Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price Increases
Summary
GBI Research's new report, "Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price Increases" provides key information and analysis of the North America uranium mining industry, comprising Canada and the United States. The report covers the industry's drivers and restraints, production and reserves. This report discusses uranium mine production and available reserves across North America as well as the commissioning of several planned uranium assets and the exploration and development activity initiated within the geographical territory of North America. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
Scope
Important drivers and restraints which are estimated to play a role in transforming the industry during the outlook period 2012-2020.
Production of uranium in North America - Historical data from 2000 to 2011 is given, as well as a forecast until 2020.
Reserves of Uranium - Categorized by regional reserves as on 2010.
Top active and planned projects spanning the North American uranium mining landscape.
Policy and regulatory framework governing the uranium mining industry.
Comprehensive profiles of key uranium mining companies such as Cameco Corporation, Areva Resources Canada Inc and Denison Mines Inc are also discussed.
Reasons to buy
Gain a strong understanding of the region's uranium mining industry
Facilitate market analysis and forecasting of future uranium industry trends
Facilitate decision-making and strategy formulation on the basis of strong historic and forecast production data
Identify key growth and investment opportunities in the region's uranium mining industry
Position yourself to gain maximum advantage of the industry's growth potential
Keywords
Uranium, North America, Production, Reserves, Consumption, Drivers, Restraints, Export, Import, Fiscal regimes, Canada, The US
Table of Contents
TOC
1 Table of Contents
1 Table of Contents 4
1.1 List of Tables 6
1.2 List of Figures 7
2 Introduction 8
3 North America, Uranium Mining Industry 9
4 North America, Uranium Mining Industry - Drivers and Restraints 10
4.1 North America, Uranium Mining Industry - Drivers 10
4.1.1 New Projects Development to Boost Regional Uranium Production 10
4.1.2 Substantial Reserves and Exploration Potential 10
4.1.3 Expected Increase in Uranium Prices 10
4.2 North America, Uranium Mining Industry - Restraints 10
4.2.1 Input Cost Sensitivity 10
4.2.2 Occupational Risk 10
5 North America, Uranium Mining Industry - Production and Reserves 11
5.1 North America, Uranium Mining Industry - Uranium Mine Production 11
5.1.1 North America Uranium Mining Industry - North America Production vs. Rest of the World 13
5.1.2 North America Uranium Mining Industry - Uranium Mine Production by Country 14
5.2 North America Uranium Mining Industry - Uranium Reserves 15
5.2.1 North America Uranium Mining Industry - North America Reserves vs. Rest of the World 16
5.2.2 North America Uranium Mining Industry - Uranium Reserves by Country 17
6 Canada Uranium Mining Industry 18
6.1 Canada Uranium Mining Industry - Drivers and Restraints 18
6.1.1 Canada Uranium Mining Industry - Drivers 18
6.1.2 Canada Uranium Mining Industry - Restraints 19
6.2 Canada Uranium Mining Industry - Production and Reserves 20
6.2.1 Canada Uranium Mining Industry - Uranium Mine Production 20
6.2.2 Canada Uranium Mining Industry - Uranium Reserves 23
6.3 Canada Uranium Mining Industry - Fiscal Regime 25
6.3.1 Canada, Governing Bodies 25
6.3.2 Canada, Governing Laws 25
6.3.3 Canada, Mining Permits and Licensing Methods 25
6.3.4 Canada, Mining Rights and Obligations 26
6.3.5 Canada, Key Fiscal Terms 26
7 United States Uranium Mining Industry 28
7.1 United States Uranium Mining Industry - Drivers and Restraints 28
7.1.1 United States Uranium Mining Industry - Drivers 28
7.1.2 United States Uranium Mining Industry - Restraints 28
7.2 United States Uranium Mining Industry - Production and Reserves 29
7.2.1 United States Uranium Mining Industry - Uranium Mine Production 29
7.2.2 United States Uranium Mining Industry - Uranium Reserves 32
7.3 United States Uranium Mining Industry - Fiscal Regime 34
7.3.1 United States, Governing Bodies 34
7.3.2 United States, Governing Laws 34
7.3.3 United States, Mining Licenses and Permit 35
7.3.4 United States, Mining Rights and obligations 36
7.3.5 United States, Key Fiscal Terms 36
8 North America Uranium Mining Industry - Top Active and Planned Projects 41
8.1 North America Uranium Mining Industry - Top Active Projects 41
8.2 North America Uranium Mining Industry - Mine Profile 42
8.2.1 McArthur River Mine 42
8.2.2 Rabbit Lake Mine 44
8.2.3 Smith Ranch-Highland Mine 46
8.2.4 Crow Butte Mine 47
8.3 North America Uranium Mining Industry - Planned Projects 48
9 North America Uranium Mining, Top Uranium Producing Companies 49
9.1 Cameco Corporation (Cameco) 49
9.1.1 Cameco Corporation (Cameco), Overview 49
9.1.2 Cameco Corporation (Cameco), Business Description 49
Figure 14: Uranium Mining Industry, United States, United States Reserves vs. North America Reserves (%), 2010 33
Figure 15: Uranium Mining Industry, North America, McArthur River Mine, Historic and Forecast Production (tU), 2000-2020 42
Figure 16: Uranium Mining Industry, North America, Rabbit Lake Mine, Historic and Forecast Production (tU), 2000-2020 44
Figure 17: Uranium Mining Industry, North America, Smith Ranch-Highland Mine, Historic Production (tU), 2000-2010 46
Figure 18: Uranium Mining Industry, North America, Crow Butte Mine, Historic Production (tU), 2000-2010 47
Uranium Mining Market in North America to 2020 - Higher Production Driven by New Projects, Improved Mining Methods and Price Increases published by GBI Research in June 25, 2012. This report consists of Pages: 56 and the price starts from US $ 3500.
