Nov 21, 2017   in Industry News, Media Coverage

Since the drop in U3O8 prices post-Fukushima, these production cuts, cancellations and deferments have been announced:


  • August 2012 – BHP Billiton shelved their $20B expansion of their Olympic Dam uranium mine in Australia. The expansion project was planned to raise production from 3500 tonnes/year to 5000 tonnes by 2018, and up to 10,000 tonnes (22M lbs) per year by 2025.   Deferred until prices rise enough to warrant the massive expense of the expansion project.



  • November 2013 – Uranium One’s Honeymoon ISL uranium mine in South Australia was mothballed due to low uranium prices and high operating costs. Placed into care and maintenance pending a recovery in uranium prices to well above current operating cost of $47/lb. Mine capacity is 400 tonnes (880,000 lbs) per year.













  • October 2017 – Botswana’s Letlhakane uranium mine is deferred by another 2 years to 2020 due to low uranium prices. The new mine was expected to produce 3.75M lbs per year beginning in 2018.