Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
The uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium.
The Rössing Uranium Mine in Namibia is the longest-running and one of the largest open pit uranium mines in the world. It is located in the Namib Desert near the town of Arandis, 70 kilometres from the coastal town of Swakopmund. Discovered in 1928, the Rössing mine started operations in 1976. In 2005, it produced 3,711 tonnes of uranium oxide, becoming the fifth-largest uranium mine with 8 per cent of global output. Namibia is the world's fourth-largest exporter of uranium.
The China National Nuclear Corporation is a state-owned enterprise founded in 1955 in Beijing. CNNC's president and vice-president are appointed by the Premier of the People's Republic of China. CNNC oversees all aspects of China's civilian and military nuclear programs. According to its own mission statement, it "is a main part of the national nuclear technology industry and a leading element of national strategic nuclear forces and nuclear energy development." CNNC is a nationwide industrial conglomerate integrating science, technology, industry, and international trade.
Paladin Energy Ltd is a Western Australian based uranium production company.
China is one of the world's largest producers of nuclear power. The country ranks third in the world both in total nuclear power capacity installed and electricity generated, accounting for around one tenth of global nuclear power generated. As of February 2023, China has 55 plants with 57GW in operation, 22 under construction with 24 GW and more than 70 planned with 88GW. About 5% of electricity in the country is due to nuclear energy. These plants generated 417 TWh of electricity in 2022 This is versus the September 2022 numbers of 53 nuclear reactors, with a total capacity of 55.6 gigawatt (GW). In 2019, nuclear power had contributed 4.9% of the total Chinese electricity production, with 348.1 TWh.
The China Nuclear International Uranium Corporation (中国国核海外铀资源开发公司) is a Chinese Government owned corporation involved in prospecting, and eventually mining, overseas sources of uranium.
Arandis is a town in the Erongo Region of western central Namibia. It has been called the Uranium Capital of the World as it is located just 15 km outside the world's largest open-pit uranium mine, the Rössing Uranium Mine.
The Australian Uranium Association was an Australian industry trade group which represented companies involved in uranium exploration, mining and export. It operated from September 2006 until 2013, after which its responsibilities were absorbed by the Minerals Council of Australia.
Uranium One is an international group of companies, part of the management circuit of the TENEX Group of Rosatom State Corporation. Since 2013, it is a wholly owned subsidiary of Moscow-based Uranium One Group, a part of the Russian state-owned nuclear corporation Rosatom.
Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.
Uranium production is an important part of the African economy, with Niger, Namibia and South Africa creating up to 18% of the world's annual production. Many African countries produce uranium or have untapped uranium ore deposits.
Radioactive ores were first extracted in South Australia at Radium Hill in 1906 and Mount Painter in 1911. 2,000 tons of ore were treated to recover radium for medical use. Several hundred kilograms of uranium were also produced for use in ceramic glazes.
Namibia has one of the richest uranium mineral reserves in the world. There are currently two large operating mines in the Erongo Region and various exploration projects planned to advance to production in the next few years.
The world's largest producer of uranium is Kazakhstan, which in 2019 produced 43% of the world's mining output. Canada was the next largest producer with a 13% share, followed by Australia with 12%. Uranium has been mined in every continent except Antarctica.
The Norasa uranium project comprises the Valencia and Namibplaas deposits in Erongo Region in the western part of Namibia. The two parts are 7 kilometres (4.3 mi) apart and both are fully owned by Forsys Metals. It represents one of the largest uranium resources in Namibia, having an estimated resource of 48,200 tU in ore grading 0.014-0.0167% uranium. The Valencia deposit was named after the farm where the uranium deposits were found.
The Olympic Dam mine is a large poly-metallic underground mine located in South Australia, 550 km (340 mi) NNW of Adelaide. It is the fourth largest copper deposit and the largest known single deposit of uranium in the world. Copper is the largest contributor to total revenue, accounting for approximately 70% of the mine's revenue, with the remaining 25% from uranium, and around 5% from silver and gold. BHP has owned and operated the mine since 2005. The mine was previously owned by Western Mining Corporation.
The Husab Mine, also known as the Husab Uranium Project, is a uranium mine near the town of Swakopmund in the Erongo region of western-central Namibia. The mine is located approximately 60 kilometres (37 mi) from Walvis Bay. The Husab Mine is expected to be the second largest uranium mine in the world after the McArthur River uranium mine in northern Saskatchewan, Canada and the largest open-pit mine on the African continent. Mine construction started in 2014. The Husab Mine started production towards the end of 2016 after completion of the sulfuric acid leaching plant.
Kayelekera uranium mine is an open cast uranium mine 52 kilometers west of the regional administrative and commercial centre Karonga in Malawi, Africa and was the country's largest mine. Production at the mine has been paused since February 2014, due to a fall in global uranium prices.
