Masthead graphic based on a painting by Gudrun Thriemer.

Sunday, March 29, 2009

Melissa Pistilli, "Uranium: Out of Africa," Uranium Investing News, March 24, 2009.

During much of the twentieth century, the U.S. was the world’s leading uranium producer until Canada and Australia surpassed U.S. levels. In 2007, Canada and Australia accounted for 23 per cent and 21 per cent respectively of world uranium output, while output from the U.S. represented merely 4 per cent.

Uranium mining and production is now on the rise in African nations such as Namibia (7 per cent in 2007), Niger (8 per cent ) and South Africa (1 per cent). Botswana may soon join the ranks of its neighbor, Namibia. The government of Botswana recently issued around 138 uranium prospecting licenses for uranium and exploration is occurring “across the length and breadth of Botswana,” said Minerals Minister Ponatshego Kedikilwe.

Latest reports out of the continent are Nigeria is working with Russia to establish uranium mining and nuclear power plants, Tanzania has recently issued 70 uranium exploration licenses, and South Korea is attempting to secure energy supplies out of Niger."

  Nigeria is now seeking support from the International Atomic Energy Agency to help it develop up to 4000 MWe of nuclear capacity by 2025.

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