Increase In Uranium Mining Precedes Future Events (Rev 15:2)

 Increase In Global Production Of Uranium
TodayWorld
Published: May 2, 2015 at 1:58 pm
Modified: May 2, 2015 at 1:58 pm
Uranium, which is the fuel for nuclear reactors, is mined in only a few countries. Because of its growing demand and limited supply, it’s important to take a closer look at production of uranium.

In its latest report, the World Nuclear Association said that around 64% of the world’s total production of uranium was from Kazakhstan, Canada and Australia in 2013. In the last six years, the production of uranium has increased by more than 200% in Kazakhstan, while it has decreased in Canada and Australia. However, the global production of uranium has increased 43.4% during the past six years from 41,282 tonnes in 2007 to 59,370 tonnes in 2013. Now, it carters to 92% of the total demand in the world.

India’s total production of 385 tonnes was less than 1% of the world output. The South Asian country’s operational uranium mines are located in Jharkhand Province, while deposits have been found in Meghalaya, Andhra Pradesh and Telangana Provinces. As a result, India is holding talks with Kazakhstan, Canada and Australia for importing uranium to run its nuclear reactors.

As per the report published by World Nuclear Association, Kazakhstan (37.82% of the global production) was leading in uranium mining production in 2013. The Central Asian country was followed by Canada (15.72%), Australia (10.70%), Niger (7.61%), Namibia (7.28%), Russia (5.28%), Uzbekistan (4.04%), the US (3.02%), China (2.53%), Malawi (1.91%), Ukraine (1.55%), South Africa (0.89%), India (0.65%) and others (1.01%).

As per the data published by Power Reactor Information System of International Atomic Energy Agency in 2014, India ranked 13th in terms of power generation from nuclear source. However, the South Asian country stands at 7th position in terms of number of reactors in operation country-wise globally.

Although uranium is commonly used as nuclear fuel in many countries, uranium centrifuges are also the core component of a nuclear bomb. Currently, the world has 19,000 such uranium centrifuges.