Abstract
In 1988 Canada`s 5 U producers reported a record concentrate output of 12,470 metric tU, or about 1/3 total Western world production. Shipments exceeded 13,200 tU, valued at $Cdn 1.1 billion. Most of Canada`s U output is available for export, as domestic requirements represent about 15 % of production. The 6 uranium marketers signed new sales contracts for over 11,000 tU, mostly destined for USA. Annual exports peaked in 1987 at 12,790 tU, falling back to 10,430 tU in 1988. Forward domestic and export contract commitments were more than 70,000 tU and 60,000 tU as of early 1989. The U industry in Canada was restructured and consolidated by merger and acquisition, including formation of Cameco. Three U projects were also advanced. Athabasca Basin is the primary target for discovery of high-grade low-cost U deposits. Discovery of new reserves in 1987 and 1988 did not fully replace the record output over the two-year period. Estimate of overall resources as of January 1989 was down by 4 % from January 1987 to a total (measured, indicated and inferred) of 544,000 tU. Exploration expenditures reached $Cdn 37 million in 1987 and $59 million in 1988, due largely to test mining programs at Cigar
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Citation Formats
None.
Uranium in Canada. 1989 assessment of supply and requirements.
Canada: N. p.,
1989.
Web.
None.
Uranium in Canada. 1989 assessment of supply and requirements.
Canada.
None.
1989.
"Uranium in Canada. 1989 assessment of supply and requirements."
Canada.
@misc{etde_10120319,
title = {Uranium in Canada. 1989 assessment of supply and requirements}
author = {None}
abstractNote = {In 1988 Canada`s 5 U producers reported a record concentrate output of 12,470 metric tU, or about 1/3 total Western world production. Shipments exceeded 13,200 tU, valued at $Cdn 1.1 billion. Most of Canada`s U output is available for export, as domestic requirements represent about 15 % of production. The 6 uranium marketers signed new sales contracts for over 11,000 tU, mostly destined for USA. Annual exports peaked in 1987 at 12,790 tU, falling back to 10,430 tU in 1988. Forward domestic and export contract commitments were more than 70,000 tU and 60,000 tU as of early 1989. The U industry in Canada was restructured and consolidated by merger and acquisition, including formation of Cameco. Three U projects were also advanced. Athabasca Basin is the primary target for discovery of high-grade low-cost U deposits. Discovery of new reserves in 1987 and 1988 did not fully replace the record output over the two-year period. Estimate of overall resources as of January 1989 was down by 4 % from January 1987 to a total (measured, indicated and inferred) of 544,000 tU. Exploration expenditures reached $Cdn 37 million in 1987 and $59 million in 1988, due largely to test mining programs at Cigar Lake and Midwest projects in Saskatchewan. Spot market prices fell to all-time lows from 1987 to mid-1989, and there is little sign of relief. Canadian U production capability could fall below 12,000 tU before the late 1990s; however, should market conditions warrant, output could be increased beyond 15,000 tU. Canada`s known U resources are more than sufficient to meet the 30-year fuel requirements of those reactors in Canada that are now or are expected to be in service by late 1990s. There is significant potential for discovering additional U resources. Canada`s U production is equivalent, in thermal energy terms, to 2/3 of Canada`s combined production of petroleum.}
place = {Canada}
year = {1989}
month = {Dec}
}
title = {Uranium in Canada. 1989 assessment of supply and requirements}
author = {None}
abstractNote = {In 1988 Canada`s 5 U producers reported a record concentrate output of 12,470 metric tU, or about 1/3 total Western world production. Shipments exceeded 13,200 tU, valued at $Cdn 1.1 billion. Most of Canada`s U output is available for export, as domestic requirements represent about 15 % of production. The 6 uranium marketers signed new sales contracts for over 11,000 tU, mostly destined for USA. Annual exports peaked in 1987 at 12,790 tU, falling back to 10,430 tU in 1988. Forward domestic and export contract commitments were more than 70,000 tU and 60,000 tU as of early 1989. The U industry in Canada was restructured and consolidated by merger and acquisition, including formation of Cameco. Three U projects were also advanced. Athabasca Basin is the primary target for discovery of high-grade low-cost U deposits. Discovery of new reserves in 1987 and 1988 did not fully replace the record output over the two-year period. Estimate of overall resources as of January 1989 was down by 4 % from January 1987 to a total (measured, indicated and inferred) of 544,000 tU. Exploration expenditures reached $Cdn 37 million in 1987 and $59 million in 1988, due largely to test mining programs at Cigar Lake and Midwest projects in Saskatchewan. Spot market prices fell to all-time lows from 1987 to mid-1989, and there is little sign of relief. Canadian U production capability could fall below 12,000 tU before the late 1990s; however, should market conditions warrant, output could be increased beyond 15,000 tU. Canada`s known U resources are more than sufficient to meet the 30-year fuel requirements of those reactors in Canada that are now or are expected to be in service by late 1990s. There is significant potential for discovering additional U resources. Canada`s U production is equivalent, in thermal energy terms, to 2/3 of Canada`s combined production of petroleum.}
place = {Canada}
year = {1989}
month = {Dec}
}