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Uranium 2009: Resources, Production and Demand
OECD Publishing, July 2010, Pages: 425
Uranium 2009 – Resources, Production and Demand presents, in addition to updated resource figures, the results of the most recent review of world uranium market fundamentals and provides a statistical profile of the world uranium industry as of 1 January 2009. First published in 1965, this is the 23rd edition of what has become known as the “Red Book.” It contains official data provided by 35 countries (and five Country Reports prepared by the Secretariat) on uranium exploration, resources, production and reactor-related requirements. Projections of nuclear generating capacity and reactorrelated uranium requirements through 2035 are provided as well as a discussion of long-term uranium supply and demand issues.
Exploration
Worldwide exploration and mine development expenditures in 2008 totalled about USD 1.641 billion, an increase of 133% compared to updated 2006 figures, despite declining market prices since mid-2007. Most major producing countries reported increasing expenditures, as efforts to identify new resources and bring new production centers online moved forward. The majority of global exploration activities remain concentrated in areas with potential for hosting unconformityrelated and ISL (in situ leach; sometimes referred to as in situ recovery, or ISR) amenable sandstone deposits, primarily in close proximity to known resources and existing production facilities. However, generally higher prices for uranium since 2003, compared to the preceding two decades, have stimulated “grass roots” exploration, as well as increased exploration in regions known to have good potential based on past work. About 80% of the exploration and development expenditures in 2008 were devoted to domestic activities. Non-domestic exploration and development expenditures, although reported by only China, France, Japan and the Russian Federation, declined to USD 324.3 million in 2008 from USD 352.5 million in 2007, but remain significantly above the USD 19.2 million reported in 2003. Domestic exploration and development expenditures are expected to decline somewhat but remain strong throughout 2009, amounting to about USD 1.342 billion.
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