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Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development - Product Image

Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development

  • ID: 2165605
  • June 2012
  • 113 pages
  • GBI Research

Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development

Summary

GBI Research’s new report, ‘Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development’, provides key information and analysis of the Asia-Pacific uranium mining industry, comprising Kazakhstan, Australia, Uzbekistan, China and India. The report covers the industry’s drivers and restraints, production and reserves. Asia’s uranium mining industry development pathway has increasingly been driven by abundant uranium reserves available in this region. In 2011, the region had more than 50% of total global reserves and produced around 56% of global uranium mine production. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Scope

- Important drivers and restraints which are estimated to play a role in transforming the industry during the outlook period 2012-2020.
- READ MORE >

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1
1 4
1.1 List of Tables 7
1.2 List of Figures 8
2 Introduction 10
3 Asia-Pacific, Uranium Mining Industry 11
4 Asia-Pacific, Uranium Mining Industry – Drivers and Restraints 12
4.1 Asia-Pacific, Uranium Mining Industry – Drivers 12
4.1.1 New Planned Projects and Mine Expansion in Progress 12
4.1.2 Development and Expansion of Nuclear Power Plants 12
4.1.3 Substantial Reserves 12
4.1.4 Expected Increase in Uranium Prices 12
4.2 Asia-Pacific, Uranium Mining Industry – Restraints 13
4.2.1 Environmental Impact 13
4.2.2 Occupational Risk 13
5 Asia-Pacific, Uranium Mining Industry – Production and Reserves 14
5.1 Asia-Pacific, Uranium Mining Industry – Uranium Mine Production 14
5.1.1 Asia-Pacific, Uranium Mining Industry –Asia-Pacific Production vs. Rest of the World Production 16
5.1.2 Asia-Pacific Uranium Mining Industry – Uranium Mine Production by Country 17
5.2 Asia-Pacific Uranium Mining Industry – Uranium Reserves 18
5.2.1 Asia-Pacific Uranium Mining Industry – Asia-Pacific Reserves vs. Rest of the World Reserves 19
5.2.2 Asia-Pacific Uranium Mining Industry – Uranium Reserves by Country 20
6 Kazakhstan Uranium Mining Industry 21
6.1 Kazakhstan Uranium Mining Industry – Drivers and Restraints 22
6.1.1 Kazakhstan Uranium Mining Industry – Drivers 22
6.1.2 Kazakhstan Uranium Mining Industry - Restraints 22
6.2 Kazakhstan Uranium Mining Industry – Production and Reserves 23
6.2.1 Kazakhstan Uranium Mining Industry – Uranium Mine Production 23
6.2.2 Kazakhstan Uranium Mining Industry – Uranium Reserves 26
6.3 Kazakhstan Uranium Mining Industry – Fiscal Regime 29
6.3.1 Kazakhstan, Governing Bodies 29
6.3.2 Kazakhstan, Governing Law 29
6.3.3 Kazakhstan, Mining Licenses 30
6.3.4 Rights and Obligations 31
6.3.5 Kazakhstan, Fiscal Terms 31
7 Australia Uranium Mining Industry 33
7.1 Australia Uranium Mining Industry – Drivers and Restraints 34
7.1.1 Australia Uranium Mining Industry – Drivers 34
7.1.2 Australia Uranium Mining Industry – Restraints 35
7.2 Australia Uranium Mining Industry – Production and Reserves 36
7.2.1 Australia Uranium Mining Industry – Uranium Mine Production 36
7.2.2 Australia Uranium Mining Industry – Uranium Reserves 39
7.3 Australia Uranium Mining Industry – Fiscal Regime 41
7.3.1 Australia, Governing Bodies 41
7.3.2 Australia, Governing Laws 42
7.3.3 Australia, Licenses 43
7.3.4 Australia, Rights and Obligations 45
7.3.5 Australia, Fiscal Terms 46
8 Uzbekistan Uranium Mining Industry 50
8.1 Uzbekistan Uranium Mining Industry – Drivers and Restraints 51
8.1.1 Uzbekistan Uranium Mining Industry – Drivers 51
8.1.2 Uzbekistan Uranium Mining Industry – Restraints 51
8.2 Uzbekistan Uranium Mining Industry – Production and Reserves 52
8.2.1 Uzbekistan Uranium Mining Industry – Uranium Mine Production 52
8.2.2 Uzbekistan Uranium Mining Industry – Uranium Reserves 55
8.3 Uzbekistan Uranium Mining Industry – Fiscal Regime 57
8.3.1 Uzbekistan, Governing Bodies 57
8.3.2 Uzbekistan, Governing Laws 57
8.3.3 Uzbekistan, Licenses 58
8.3.4 Uzbekistan, Rights and Obligations 59
8.3.5 Uzbekistan, Fiscal Terms 59
9 China Uranium Mining Industry 61
9.1 China Uranium Mining Industry – Drivers and Restraints 61
9.1.1 China Uranium Mining Industry – Drivers 61
9.1.2 China Uranium Mining Industry – Restraints 62
9.2 China Uranium Mining Industry – Production and Reserves 63
9.2.1 China Uranium Mining Industry – Uranium Mine Production 63
9.2.2 China Uranium Mining Industry – Uranium Reserves 66
9.3 China Uranium Mining Industry – Fiscal Regime 68
9.3.1 China, Governing Bodies 68
9.3.2 China, Governing Laws 68
9.3.3 China, Mining Licenses and Ownership 69
9.3.4 Fee 69
9.3.5 China, Mining Rights and Obligations 70
9.3.6 China, Key Fiscal Terms 71
10 India Uranium Mining Industry 74
10.1 India Uranium Mining Industry – Drivers and Restraints 75
10.1.1 India Uranium Mining Industry – Drivers 75
10.1.2 India Uranium Mining Industry – Restraints 76
10.2 India Uranium Mining Industry – Production and Reserves 77
10.2.1 India Uranium Mining Industry – Uranium Mine Production 77
10.2.2 India Uranium Mining Industry – Uranium Reserves 80
10.3 India Uranium Mining Industry – Fiscal Regime 82
10.3.1 India, Governing Bodies 82
10.3.2 India, Governing Laws 82
10.3.3 India, Rights and Obligations 83
10.3.4 India, Fiscal Terms 83
11 Asia-Pacific Uranium Mining Industry – Top Active and Planned Projects 85
11.1 Asia-Pacific Uranium Mining Industry – Top Active Projects 85
11.2 Asia-Pacific Uranium Mining Industry – Mine Profile 87
11.2.1 Ranger Mine 87
11.2.2 Olympic Dam Mine 89
11.2.3 Tortkuduk Mine 91
11.2.4 Karatau Mine 92
11.2.5 South Inkai mine 93
11.2.6 Inkai Mine 94
11.3 Asia-Pacific Uranium Mining Industry – Planned Projects 95
12 Asia-Pacific Uranium Mining, Top Uranium Producing Companies 96
12.1 National Atomic Company Kazatomprom (Kazatomprom) 96
12.1.1 National Atomic Company Kazatomprom (Kazatomprom), Overview 96
12.1.2 National Atomic Company Kazatomprom (Kazatomprom), Business Description 96
12.1.3 National Atomic Company Kazatomprom (Kazatomprom), Uranium Projects 98
12.2 Energy Resources of Australia Ltd (ERA) 100
12.2.1 Energy Resources of Australia Ltd (ERA), Overview 100
12.2.2 Energy Resources of Australia Ltd (ERA), Business Description 100
12.2.3 Energy Resources of Australia Ltd (ERA), Uranium Projects 101
12.3 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation) 101
12.3.1 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Overview 101
12.3.2 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Business Description 101
12.3.3 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Uranium Projects 102
12.4 Heathgate Resources Pty Ltd (Heathgate) 102
12.4.1 Heathgate Resources Pty Ltd. (Heathgate), Overview 102
12.4.2 Heathgate Resources Pty Ltd. (Heathgate), Business Description 102
12.4.3 Heathgate Resources Pty Ltd. (Heathgate), Uranium Projects 103
12.5 Navoi Mining and Metallurgical Combinat (NMMC) 103
12.5.1 Navoi Mining and Metallurgical Combinat (NMMC), Overview 103
12.5.2 Navoi Mining and Metallurgical Combinat (NMMC), Business Description 103
12.5.3 Navoi Mining and Metallurgical Combinat (NMMC), Uranium Projects 104
12.6 China National Nuclear Corporation (CNNC) 105
12.6.1 China National Nuclear Corporation (CNNC), Overview 105
12.6.2 China National Nuclear Corporation (CNNC), Business Description 105
12.6.3 China National Nuclear Corporation (CNNC), Uranium Projects 106
12.7 Uranium Corporation of India Limited (UCIL) 107
12.7.1 Uranium Corporation of India Ltd (UCIL), Overview 107
12.7.2 Uranium Corporation of India Ltd (UCIL), Business Description 107
12.7.3 Uranium Corporation of India Ltd (UCIL), Uranium Projects 109
13 Appendix 111
13.1 Abbreviations 111
13.2 About GBI Research 112
13.3 Methodology 112
13.3.1 Coverage 112
13.3.2 Secondary Research 112
13.3.3 Primary Research 112
13.3.4 Expert Panel Validation 113
13.4 Contact Us 113
13.5 Disclaimer 113

1.1 List of Tables
Table 1: Uranium Mining Industry, Asia-Pacific, Uranium Mine Production (tU), 2000–2020 15
Table 2: Uranium Mining Industry, Asia-Pacific, Uranium Reserves (tU), 2000–2010 18
Table 3: Uranium Mining Industry, Kazakhstan, Uranium Mine Production (tU), 2000–2020 24
Table 4: Uranium Mining Industry, Kazakhstan, Uranium Reserves (tU), 2000–2010 27
Table 5: Uranium Mining Industry, Kazakhstan, Depreciation Groups and Rates (%), 2011 31
Table 6: Uranium Mining Industry, Kazakhstan, Withholding Tax Rates (%), 2011 32
Table 7: Uranium Mining Industry, Australia, Uranium Mine Production (tU), 2000–2020 37
Table 8: Uranium Mining Industry, Australia, Uranium Reserves (tU), 2000–2010 39
Table 9: Uranium Mining Industry, Australia, South Australia, Annual Rents ($), 2011 46
Table 10: Uranium Mining Industry, Australia, South Australia, Fees ($), 2011 46
Table 11: Uranium Mining Industry, Australia, South Australia, Other Application Fees ($), 2011 46
Table 12: Uranium Mining Industry, Australia, South Australia, Mining Register ($), 2011 47
Table 13: Uranium Mining Industry, Australia, South Australia, Other Fees ($), 2011 47
Table 14: Uranium Mining Industry, Australia, Depreciation (yrs), 2011 48
Table 15: Uranium Mining Industry, Uzbekistan, Uranium Mine Production (tU), 2000–2020 53
Table 16: Uranium Mining Industry, Uzbekistan, Uranium Reserves (tU), 2000–2010 55
Table 17: Uranium Mining Industry, Uzbekistan, Depreciation Rates (%), 2011 60
Table 18: Uranium Mining Industry, China, Uranium Mine Production (tU), 2000–2020 64
Table 19: Uranium Mining Industry, China, Uranium Reserves (tU), 2000–2010 66
Table 20: Uranium mining Industry, China, Stamp Tax Rates (%), 2011 71
Table 21: Uranium Mining Industry, China, Business Tax Rates (%), 2011 72
Table 22: Uranium mining Industry, China, Depreciation Rates (%), 2011 72
Table 23: Uranium mining Industry, China, Withholding Tax Rates (%), 2011 73
Table 24: Uranium Mining Industry, India, Uranium Mine Production (tU), 2000–2020 78
Table 25: Uranium Mining Industry, India, Uranium Reserves (tU), 2000–2010 80
Table 26: Uranium Mining Industry, India, Withholding Tax Rates (%), 2011 84
Table 27: Uranium Mining Industry, India, Depreciation Rates (%), 2011 84
Table 28: Uranium Mining Industry, Asia-Pacific, Top Active Projects 85
Table 29: Uranium Mining Industry, Asia-Pacific, Ranger Mine Reserves and Resources, 2010 87
Table 30: Uranium Mining Industry, Asia-Pacific, Ranger Mine, Historic and Forecast Production (tU), 2000–2020 88
Table 31: Uranium Mining Industry, Asia-Pacific, Olympic Dam Mine Reserves and Resources, 2010 89
Table 32: Uranium Mining Industry, Asia-Pacific, Olympic Dam Mine, Historic and Forecast Production (tU), 2000–2020 90
Table 33: Uranium Mining Industry, Asia-Pacific, Tortkuduk Mine, Historic and Forecast Production (tU), 2009–2020 91
Table 34: Uranium Mining Industry, Asia-Pacific, Karatau Mine, Historic and Forecast Production (tU), 2007-2020 92
Table 35: Uranium Mining Industry, Asia-Pacific, South Inkai Mine, Historic and Forecast Production (tU), 2008–2020 93
Table 36: Uranium Mining Industry, Asia-Pacific, Inkai Mine, Historic and Forecast Production (tU), 2009–2020 94
Table 37: Uranium Mining Industry, Asia-Pacific, Planned Projects 95
Table 38: Uranium Mining Industry, Asia-Pacific, National Atomic Company Kazatomprom, Major Uranium Projects 98
Table 39: Uranium Mining Industry, Asia-Pacific, Energy Resources of Australia Ltd., Major Uranium Projects 101
Table 40: Uranium Mining Industry, Asia-Pacific, BHP Billiton, Major Uranium Projects 102
Table 41: Uranium Mining Industry, Asia-Pacific, Heathgate Resources Pty Ltd., Major Uranium Projects 103
Table 42: Uranium Mining Industry, Asia-Pacific, Navoi Mining and Metallurgical Combinat, Major Uranium Projects 104
Table 43: Uranium Mining Industry, Asia-Pacific, China National Nuclear Corporation (CNNC), Major Uranium Projects 106
Table 44: Uranium Mining Industry, Asia-Pacific, Uranium Corporation of India Ltd, Major Uranium Projects 109

1.2 List of Figures
Figure 1: Uranium Mining Industry, Asia-Pacific, Uranium Mine Production (tU), 2000–2020 14
Figure 2: Uranium Mining Industry, Asia-Pacific, Asia-Pacific Production vs. Rest of the World Production (%), 2011 16
Figure 3: Uranium Mining Industry, Asia-Pacific, Uranium Mine Production by Country (tU), 2000 – 2020 17
Figure 4: Uranium Mining Industry, Asia-Pacific, Uranium Reserves (tU), 2000–2010 18
Figure 5: Uranium Mining Industry, Asia-Pacific, Asia-Pacific Reserves vs. Rest of the World Reserves (%), 2010 19
Figure 6: Uranium Mining Industry, Asia-Pacific, Uranium Reserves by Country, 2000 – 2010 20
Figure 7: Uranium Mining Industry, Kazakhstan, Uranium Deposits Location 21
Figure 8: Uranium Mining Industry, Kazakhstan, Uranium Mine Production (tU), 2000–2020 23
Figure 9: Uranium Mining Industry, Kazakhstan, Kazakhstan Production vs. Asia-Pacific Production (%), 2011 25
Figure 10: Uranium Mining Industry, Kazakhstan, Uranium Reserves (tU), 2000–2010 26
Figure 11: Uranium Mining Industry, Kazakhstan, Kazakhstan Reserves vs. Asia-Pacific Reserves (%), 2010 28
Figure 12: Uranium Mining Industry, Australia, Location of Uranium Mines, 2010 33
Figure 13: Uranium Mining Industry, Australia, Uranium Mine Production (tU), 2000–2020 36
Figure 14: Uranium Mining Industry, Australia, Australia Production vs. Asia-Pacific Production (%), 2011 38
Figure 15: Uranium Mining Industry, Australia, Uranium Reserves (tU), 2000–2010 39
Figure 16: Uranium Mining Industry, Australia, Australia Reserves vs. Asia-Pacific Reserves (%), 2010 40
Figure 17: Uranium Mining Industry, Uzbekistan, Uranium Deposits, 2010 50
Figure 18: Uranium Mining Industry, Uzbekistan, Uranium Mine Production (tU), 2000–2020 52
Figure 19: Uranium Mining Industry, Uzbekistan, Uzbekistan Production vs. Asia-Pacific Production (%), 2011 54
Figure 20: Uranium Mining Industry, Uzbekistan, Uranium Reserves (tU), 2000–2010 55
Figure 21: Uranium Mining Industry, Uzbekistan, Uzbekistan Reserves vs. Asia-Pacific Reserves (%), 2010 56
Figure 22: Uranium Mining Industry, China, Uranium Mine Production (tU), 2000–2020 63
Figure 23: Uranium Mining Industry, China, China Production vs. Asia-Pacific Production (%), 2011 65
Figure 24: Uranium Mining Industry, China, Uranium Reserves (tU), 2000–2010 66
Figure 25: Uranium Mining Industry, China, China Reserves vs. Asia-Pacific Reserves (%), 2010 67
Figure 26: Uranium Mining Industry, India, Location of Mines, 2010 74
Figure 27: Uranium Mining Industry, India, Uranium Mine Production (tU), 2000–2020 77
Figure 28: Uranium Mining Industry, India, India Production vs. Asia-Pacific Production (%), 2011 79
Figure 29: Uranium Mining Industry, India, Uranium Reserves (tU), 2000–2010 80
Figure 30: Uranium Mining Industry, India, India Reserves vs. Asia-Pacific Reserves (%), 2010 81
Figure 31: Uranium Mining Industry, Asia-Pacific, Ranger Mine, Historic and Forecast Production (tU), 2000–2020 87
Figure 32: Uranium Mining Industry, Asia-Pacific, Olympic Dam Mine, Historic and Forecast Production (tU), 2000–2020 89
Figure 33: Uranium Mining Industry, Asia-Pacific, Tortkuduk Mine, Historic and Forecast Production (tU), 2009–2020 91
Figure 34: Uranium Mining Industry, Asia-Pacific, Karatau Mine, Historic and Forecast Production (tU), 2007–2020 92
Figure 35: Uranium Mining Industry, Asia-Pacific, South Inkai Mine, Historic and Forecast Production (tU), 2008–2020 93
Figure 36: Uranium Mining Industry, Asia-Pacific, Inkai Mine, Historic and Forecast Production (tU), 2009–2020 94

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Uranium Mining in Asia to Flourish Thanks to Nuclear Power.

Uranium mining is set to soar in the future due to rising demand for nuclear power, with Asia’s colossal reserves looking set to meet these needs, according to natural resources expert GBI Research.

The new report* suggests that mounting demand for nuclear power generation will boost uranium prices, offering to make Asia-Pacific a tidy sum, but only if they can overcome environmental and professional hazards.

According to the Australian Bureau of Resources and Energy Economics and Sciences (ABARES), the spot price of uranium, which hung around the $62 per pound mark in 2011, will reach around $81 a pound by 2016 due to the massive surge in demand. The availability of huge reserves, coupled with rising prices, will drive the Asia-Pacific uranium mining industry.

Asia-Pacific is the largest uranium-producing region in the world, boasting an estimated production of 34,041 tons of uranium (tU) during 2011, over half the global production. Kazakhstan contributed just under two-thirds of this, followed by Australia with 25.2%, Uzbekistan with 7.2%, China with 2.6% and India with a 1.1% share.

Asia’s uranium mining industry has been helped by the region’s abundant reserves, which, according to the World Nuclear Association (WNA), stood at 3,599,421tU in 2010, accounting for about 57% of total global reserves. New planned projects and the expansion of existing uranium mines will drive up uranium mine production throughout Asia-Pacific, with Australia, India, Kazakhstan and China all being expected to increase regional uranium mine production in the outlook period.

The development and expansion of nuclear power generation in China, India and South Korea will play a major role in the uranium mining industry. Total uranium demand in China is expected to expand from 15,000 tU/yr in 2020 to 40,000 tU/yr in 2030, while demand in India and Korea will grow to 12,000 tU/yr and 7,000 tU/yr in 2030 respectively, according to the World Nuclear Fuel Cycle 2011.

Should Asia-Pacific manage to minimize environmental damage such as soil erosion, which can destroy local ecosystems, and workers’ risk of radiation due to airborne radioactive dust particles, the region’s production is set to grow at its estimated CAGR of 4.7%, from 40,301.7tU in 2012 to 58,402.6tU by 2020.

*Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development

This report provides key data, information and analysis of the Asia-Pacific uranium mining industry, comprising Kazakhstan, Australia, Uzbekistan, China and India. The report covers the industry’s drivers and restraints, production and reserves. Asia’s uranium mining industry development pathway has increasingly been driven by abundant uranium reserves available in this region. In 2011, the region had more than 50% of total global reserves and produced around 56% of global uranium mine production. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

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National Atomic Company Kazatomprom (Kazatomprom)
Energy Resources of Australia Ltd (ERA)
BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation)
Heathgate Resources Pty Ltd (Heathgate)
Navoi Mining and Metallurgical Combinat (NMMC)
China National Nuclear Corporation (CNNC)
Uranium Corporation of India Limited (UCIL)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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