Kazakhstan produced a good 22,800 tons of uranium last year. About two thirds of global uranium production comes from Kazakhstan (42 percent), Canada (13 percent) and Australia (12 percent).
The world's largest uranium mines are partly located in other countries. According to the World Nuclear Association, the Cigar Lake Uranium Mine in northern Saskatchewan is the mine with the largest production, almost 7,000 tons of uranium in 2019, with an average grade of 14.69 percent U308. This is the highest grade of uranium found in uranium mines.
In Saskatchewan, for example, IsoEnergy - https://www.youtube.com/watch?v=vJ8md8fk2DU&list=PLBpDlKjdv3yrkK3cJs5qwI5rEMJluX1nj&index=1&t=28s - is also located in the Athabasca Basin with several uranium projects. Recent drilling has returned an average of 6.9 percent uranium and 49.3 percent uranium over 1.5 metres.
Namibia is home to the second largest uranium mine, the Husab uranium mine, operated by Swakop Uranium, a partnership between China and Namibia. Last year it produced about 3,400 tons of uranium. This is followed in terms of size by BHP Billiton's Olympic Dam property in Australia, and then 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 is expected to decrease by an estimated 20 percent.
So, there are very large and also strongly uranium containing properties in the world. Uranium mines in countries that rely heavily on their own uranium production, such as the USA, are also a plus. There the dependence on uranium imports should be reduced.
This development should prove positive for Uranium Energy - https://www.youtube.com/watch?v=LHMoUHn5UI8&list=PLBpDlKjdv3yrqMRq5MAmZ92hhtt_FCXto&index=3&t=3s - for example. This company already has approved uranium projects in the USA.
Current company information and press releases from IsoEnergy (www.resource-capital.ch/en/companies/iso-energy-ltd/) and Uranium Energy (www.resource-capital.ch/en/companies/uranium-energy-corp/).
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