Saturday, June 7, 2008

Exploration drives uranium resources up 17%

03 June 2008 Current economic uranium resources will last for over 100 years at current consumption rates, while it is expected there is twice that amount awaiting discovery. With reprocessing and recycling, the reserves are good for thousands of years.

Worldwide around 5.5 million tonnes of uranium that could be economically mined has been identified. The figure is up 17% compared to that from the last edition of the Red Book because of a surge in exploration for uranium prompted by a dramatic price increase. More >>>