2. Uranium deposits
2.1 Economic definition of the deposit
The notion of a uranium deposit is determined by economic parameters that depend on market fluctuations, but also on other factors inherent to the country in which the deposit is located.
Among the factors influencing feasibility are mining legislation, financial amortization rules, taxes and duties at the various stages of production, and personnel, material and transport costs.
In general, high-grade deposits are relatively insensitive to economic fluctuations. On the other hand, the exploitability of a large low-grade deposit can be called into question if one of the parameters has been incorrectly assessed during feasibility studies.
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Uranium deposits
Uranium mining
Economic data
Within the reasonably assured resources, we determine the quantities recoverable at different costs. In this case, the cost range below $40/ kg U, which corresponds approximately to the price of uranium in 1997, and the cost range between $40 and $80/ kg U, which may become attractive in the future, are selected.
From 1979 to 1994, the price of uranium on the spot market fell from US$43 to US$6 per...
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