US uranium reserve one step closer
The US is one step closer to funding and implementing the US uranium reserve, which is aimed at stimulating growth in the domestic uranium mining industry.
The Senate Committee on Appropriations on Wednesday released drafts of 2021 funding measures and subcommittee allocations that include $150-million for the US uranium reserve.
The Energy and Water Development Subcommittee Bill highlights that the uranium reserve programme received its budget request. If passed into law, it would provide full funding for the Department of Energy to begin the funding required to stimulate growth in the domestic uranium mining industry.
The US has the world's largest reactor fleet of 96 operable reactors, yet its uranium mining industry is struggling. Production has been on a steady decline since the early 1980s as power plant operators replaced domestic uranium production with less expensive imports.
Under the uranium reserve programme, the Office of Nuclear Energy (NE) would buy uranium directly from domestic mines and contract for uranium conversion services. Te DoE has previously stated that the new stockpile is expected to support the operation of at least two US uranium mines, reestablish active conversion capabilities, and ensure a backup supply of uranium for nuclear power operators in the event of a market disruption.
The uranium reserve programme forms part of the strategy for 'Restoring America’s Competitive Nuclear Energy Advantage, which the DoE released this year.
Uranium miner CEO Amir Adnani has hailed the bipartisan action as “historic”. “We are optimistic the next step of House and Senate conferencing, will go smoothly and result in a final Bill before the end of the year.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...
VISIT SHOWROOM
At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
