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THE Uranium Supply Thread pt 4 (merged)

Discussions of conventional and alternative energy production technologies.

Re: Uranium Supply

Unread postby Tanada » Fri 04 Jan 2008, 08:26:57

$this->bbcode_second_pass_quote('TonyPrep', 'F')rom just over a year ago:Energy Watch Group warns: Depleting uranium reserves dash hopes for atomic energy supply.


Yup, they were wrong November 29, 2006 and they are still wrong on January 3, 2008.

Claiming that something is running out with no facts or figures the industry in question agrees with seems rather silly doesn't it? Two and a third pages fraut with errors about Uranium are then followed by two and a half pages about the coal shortage.
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Re: Uranium Supply

Unread postby sch_peakoiler » Fri 04 Jan 2008, 10:19:28

$this->bbcode_second_pass_quote('Tanada', '
')Claiming that something is running out with no facts or figures the industry in question agrees with seems rather silly doesn't it? Two and a third pages fraut with errors about Uranium are then followed by two and a half pages about the coal shortage.


you should understand, however, that the reality is slowly sliding away to the antinuclear side right now.
We produce some 40 000 tons of uranium for a fact, and consume some 67000 tons, for a fact as well. We know for a fact that secondary supplies like HEU last till approx. 2013 (5 more years). We know for a fact that construction of a new mine from scratch to the first pound of U3O8 takes some 10 years. We know for a fact that if we calculate exploration to those 10 years we are at 15 years. There is no "looming supply gap" - we live in a "supply gap" right now.

And the answer of the opposite side is like "move along, nothing to see here, seawater uranium and granite mines, move along".

I would say that in a situation like this the pro-nuclear side should be coming with hard facts as to new mines coming online, new uranium sites discovered recently, old phosphate mines restarting uranium operations, and all these should be supplied with numbers.

But instead we see an accident at cigar lake with 7000 tons less for several years to come.

In this situation, people who tend to think rationally and not to "believe" something start to pay more attention to the antinuclear side. Because the reality, as I already told, starts to slide in that direction.

There is no information on new uranium finds or new mines having been opened. It is so to say "old uranium in the new paperback".
In this information vacuum one will tend to attain the information which is available - and this factual information does not favor nuclear power.
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Re: Uranium Supply

Unread postby Dezakin » Fri 04 Jan 2008, 11:17:16

http://en.wikipedia.org/wiki/List_of_uranium_mines

Of all the existing mines, most are planning some expansion of their operations. I dont see an immediate crisis of any sort.

In addition there is going to be a very large surplus in enrichment capacity over the next 5 to 10 years if gasseous diffusion plants aren't immediately retired. If the price for enriched uranium goes up, you can just spend more SWU. Even if all uranium production came to a halt, there are huge stocks of depleted uranium with .25-.3% U235, enough to last global demand for several decades.
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Re: Uranium Supply

Unread postby sch_peakoiler » Fri 04 Jan 2008, 11:35:37

$this->bbcode_second_pass_quote('Dezakin', 'h')ttp://en.wikipedia.org/wiki/List_of_uranium_mines

Of all the existing mines, most are planning some expansion of their operations. I dont see an immediate crisis of any sort.



The difference is that the mines are PLANNING, whereas the supply gap EXISTS already. That is why as time goes by the word PLANNING slowly ceases to provide an adequate answer to the uranium shortage claim.
A forecast as in "X tons uranium more in Y years" would be an answer, for example. But not "Mine X is planning to think about substantially expanding operation in next years".



$this->bbcode_second_pass_quote('', '
')In addition there is going to be a very large surplus in enrichment capacity over the next 5 to 10 years if gasseous diffusion plants aren't immediately retired.


Do you have any infos as to how many SWUs exactly are being built? or is it just a guess?

$this->bbcode_second_pass_quote('', '
') If the price for enriched uranium goes up, you can just spend more SWU.


I know this. But as of today we do not seem to be awash in SWUs. We have just about 50 million, which are used up to about 80%, right? If you can provide numbers on how many SWUs will be built in 5 to 10 years then we will be able to calculate how much extra uranium could be extracted from depleted tails.
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Re: Uranium Supply

Unread postby Dezakin » Fri 04 Jan 2008, 12:40:50

$this->bbcode_second_pass_quote('sch_peakoiler', '')$this->bbcode_second_pass_quote('Dezakin', 'h')ttp://en.wikipedia.org/wiki/List_of_uranium_mines

Of all the existing mines, most are planning some expansion of their operations. I dont see an immediate crisis of any sort.



The difference is that the mines are PLANNING, whereas the supply gap EXISTS already. That is why as time goes by the word PLANNING slowly ceases to provide an adequate answer to the uranium shortage claim.
A forecast as in "X tons uranium more in Y years" would be an answer, for example. But not "Mine X is planning to think about substantially expanding operation in next years".

http://en.wikipedia.org/wiki/R%C3%B6ssing
For 2006 and 2007 the mine management has announced investment of about US$112 million, mostly on mining equipment such as haul trucks and shovels, as well as on updating the processing plant. The main target is to increase uranium oxide production to the mine's full planned capacity of 4,000 tonnes.

You're being entirely too dismissive. Mines expand capacity and new ones open in response to the spot price.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', '
')In addition there is going to be a very large surplus in enrichment capacity over the next 5 to 10 years if gasseous diffusion plants aren't immediately retired.


Do you have any infos as to how many SWUs exactly are being built? or is it just a guess?


http://www.uic.com.au/nip33.htm

Some 30000 SWU are coming online over the next decade, while 20000 SWU from gasseous diffusion plants are being retired. In a supply crunch, the diffusion plants simply arent closed.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', '
') If the price for enriched uranium goes up, you can just spend more SWU.


I know this. But as of today we do not seem to be awash in SWUs. We have just about 50 million, which are used up to about 80%, right? If you can provide numbers on how many SWUs will be built in 5 to 10 years then we will be able to calculate how much extra uranium could be extracted from depleted tails.

Have fun:

http://www.wise-uranium.org/nfcue.html

Not that it makes a difference... new capacity from existing and new mines will come online before we need to tap into extra SWU anyways.
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Re: Uranium Supply

Unread postby sch_peakoiler » Fri 04 Jan 2008, 13:04:32

$this->bbcode_second_pass_quote('Dezakin', '
')http://en.wikipedia.org/wiki/R%C3%B6ssing

For 2006 and 2007 the mine management has announced investment of about US$112 million, mostly on mining equipment such as haul trucks and shovels, as well as on updating the processing plant. The main target is to increase uranium oxide production to the mine's full planned capacity of 4,000 tonnes.



and "in 2005, produced 3,711 tonnes of uranium oxide, "

so the masterplan is to ..... ta da... increase it from 3711 to 4000.
10%. Is it a lot? depends on how you see it.


$this->bbcode_second_pass_quote('', '
')You're being entirely too dismissive.


nope, I am not. I just started to question the usual assertment "move along sir, nothing to see here" after I heard it several hundred times. And as I started to look for hard facts on the Plentiful Uranium, things I found were mostly like this "The mine XXXX invests YYYY million USD to boost the production up from 999 Kg to 1001 Kg in two years." Its like the uranium is as plentiful, as plentiful can be. Well, exaggerated but you do get my point, dont you? The reality does not supply any evidence of "plentiful uranium" save for the "crust distribution". That is why I am so keen on learning the hard numbers. My appetite will not "sicken and so die" if I just simply hear things like this:

$this->bbcode_second_pass_quote('', '
')Mines expand capacity and new ones open in response to the spot price.





$this->bbcode_second_pass_quote('', '
')http://www.uic.com.au/nip33.htm

Some 30000 SWU are coming online over the next decade, while 20000 SWU from gasseous diffusion plants are being retired. In a supply crunch, the diffusion plants simply arent closed.



Thanks. So it makes 80 Million SWU by 2018.


$this->bbcode_second_pass_quote('', '
')Have fun:

http://www.wise-uranium.org/nfcue.html


thanks.

$this->bbcode_second_pass_quote('', '
')Not that it makes a difference... new capacity from existing and new mines will come online before we need to tap into extra SWU anyways.

I have already understood that this capacity is non-corporeal:) it will be anywhere you like in the amount you like by the time you'd like. What remains is gather the hard numbers which, given the long term nature of the whole thing, should actually be there already.
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Re: Uranium Supply

Unread postby mkwin » Fri 04 Jan 2008, 14:44:16

$this->bbcode_second_pass_quote('', 'n')ope, I am not. I just started to question the usual assertment "move along sir, nothing to see here" after I heard it several hundred times. And as I started to look for hard facts on the Plentiful Uranium, things I found were mostly like this "The mine XXXX invests YYYY million USD to boost the production up from 999 Kg to 1001 Kg in two years." Its like the uranium is as plentiful, as plentiful can be. Well, exaggerated but you do get my point, dont you? The reality does not supply any evidence of "plentiful uranium" save for the "crust distribution".


Where are these hardfacts? We have presented hardfacts dealing with the single point of conventional uranium resouces for conventional reactors. The fact is estimated proven reserves grew by nearly 50% between 2003 and 2005.


$this->bbcode_second_pass_quote('', '
')As of the beginning of 2003 World Uranium reserves were:

Reasonable Assured Reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 3.10 - 3.28 million tonnes. Additional reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 10.690 million tonnes.

As of the beginning of 2005 World Uranium reserves were:

Reasonable Assured Reserves recoverable at less than $US130/kgU (or $US50/lb U3O8) = 4.7 million tonnes. Additional recoverable Uranium is estimated to be 35 million tonnes

The substantial increase (almost 50%) from 2003 shows the results of the world-wide renewed exploration effort spurred by the increase in Uranium prices which commenced in 2004. This increase in activity has continued through to 2006. Thus, the provable uranium resources amount to approximately 85 years supply at the current level of consumption with current technology, with another 500 years of additional reserves. It is worth noting that the numbers above do not reflect the considerable increase in Uranium exploration that has taken place in 2005 and 2006.


The world was not explored by geologists in the past and all the worlds minerals and resources documented. The fact is the uranium market has been depressed for many years and therefore little commercial exploration and discovery has taken place. Also the nuclear energy is far less affected by the cost of nuclear fuel. Even if uranium increased in price by many hundreds of dollars, it would have little affect on the cost of nuclear energy or its competitiveness comapred to other forms of energy. This is especially true in a fossil fuel depleting and carbon sensitive world. This point was made by an exert of an article posted by a nuclear engineer, i'll repeat it here.

$this->bbcode_second_pass_quote('', 'T')he “proven reserve” estimates are flawed for two primary reasons. First of all they do not consider the fact that very little effort, or money, has been put towards uranium exploration thus far. Second, they do not adequately account for the tiny effect that uranium ore price has on final nuclear power price, and the maximum allowable prices that they use to determine “economically recoverable” reserves are far too low.

The effort made thus far in uranium exploration is absolutely negligible compared to the many hundreds of billions (trillions?) of dollars that has been invested in oil and gas exploration, technology development, and extraction, etc… As the history of oil and gas shows, as these investments are made, more and more reserves are found. As discussed earlier, we stopped exploring for new uranium deposits relatively soon after we started looking, since we rapidly found “all we need”, due to sluggish nuclear expansion and the glut of uranium from decommissioned weapons. Now, even the majority of known sites and mines lay idle due to the low ore price (although this is starting to change).

As the price of uranium ore goes up, significant resources will go into uranium exploration, and many new deposits will be found, including many high-grade ore deposits that were simply never discovered. It is likely that the amount of uranium in yet-to-be-discovered high-grade (low cost) ore deposits greatly exceeds that which exists in currently-known high-grade deposits. In addition to these high-grade deposits, a large number of lower-grade deposits, both currently known and yet to be discovered, will become economical and will be developed. This is what happened with oil and gas, and it is even more clear that this is what will happen with uranium. Given that uranium produces about a million times as much energy as an equivalent mass of oil, gas, or coal, the amount of energy locked up in uranium (in the earth’s crust) exceeds that locked up in fossil fuels by several orders of magnitude. This bodes well concerning the amount of uranium that will/can be eventually discovered and developed.


source: http://www.americanenergyindependence.com/uranium.html

When the 2007 redbook comes out soon there will likely be another large upward revison of proven and probable reserves due to the increased activity in the sector since the last redbook in 2005.

So even if you take the worst nuclear position assuming breeder reactors, 4th generation nuclear plants and alternative fuels are unviable, traditional resouces appear to be plentiful atleast in the medium to long term.

Will there be a short-term supply crunch as the lead-in times of new projects cause a short-term supply shortfall? It is hard to say. However, the list of projects posted by Dezakin appears to be substantial so any supply crunch might be fairly short.
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Re: Uranium Supply

Unread postby sch_peakoiler » Fri 04 Jan 2008, 15:01:52

$this->bbcode_second_pass_quote('mkwin', '
')Where are these hardfacts? We have presented hardfacts dealing with the single point of conventional uranium resouces for conventional reactors. The fact is estimated proven reserves grew by nearly 50% between 2003 and 2005.



these are estimates, and not "facts".
My question is the following:
Given the long term nature of all processes in question, the uranium which will be mined in 15 years must be found today. So I just wanted some hard numbers on uranium finds, on new mines, on old mines going into production. Not estimates, based on previous explorations, but numbers like X tons in Y years.
Dezakin gave me the example of Rossing where they try to increase the output from 3711 to 4000 and that did not sound like "plentiful". That is my reasoning: NPPs run on mined and enriched uranium, not on estimates, yet-to-be-found's, or reasonably assured reserves. That is why I expected to see some movement from "assumptions, forecasts and estimates" to action.

$this->bbcode_second_pass_quote('', ' ')
Will there be a short-term supply crunch as the lead-in times of new projects cause a short-term supply shortfall? It is hard to say. However, the list of projects posted by Dezakin appears to be substantial so any supply crunch might be fairly short.


Dezakin denies any possible shortfall "vehemently".
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Re: Uranium Supply

Unread postby mkwin » Fri 04 Jan 2008, 15:13:09

http://en.wikipedia.org/wiki/List_of_uranium_mines

Was the list he posted of uranium mines currently in development.

Where are your facts? What are the sources of information?
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Re: Uranium Supply

Unread postby kublikhan » Fri 04 Jan 2008, 17:28:46

I don't know much about uranium production so maybe someone can clear something up for me. According to a report from the energy watch group, uranium stockpiles will be depleted in 2015 and uranium mining will peak in 2040. Others have said this report is BS. What do you guys think?

Report:
http://www.lbst.de/publications/studies ... EC2006.pdf
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Re: Uranium Supply

Unread postby TonyPrep » Fri 04 Jan 2008, 17:48:28

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('TonyPrep', 'F')rom just over a year ago:Energy Watch Group warns: Depleting uranium reserves dash hopes for atomic energy supply.


Yup, they were wrong November 29, 2006 and they are still wrong on January 3, 2008.

Claiming that something is running out with no facts or figures the industry in question agrees with seems rather silly doesn't it? Two and a third pages fraut with errors about Uranium are then followed by two and a half pages about the coal shortage.
You can find the full report here:

http://www.energywatchgroup.org/fileadmin/global/pdf/EWG_Uraniumreport_12-2006.pdf

Concerning the industry not agreeing with the numbers, that reminds me of the oil industry not agreeing with the numbers, yet production has been behind demand for the last two years. Just like the uranium industry, in fact.

I wonder if uranium mining companies would consider giving nuclear power plants an absolute guarantee that their needs will be met for their operating lifetime.

When devising a strategy for our future, I'd be very uncomfortable with basing it on beliefs about the supply of resources. Isn't that what we did with fossil fuels?
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Re: Uranium Supply

Unread postby Dezakin » Fri 04 Jan 2008, 18:01:09

$this->bbcode_second_pass_quote('', 'W')hen devising a strategy for our future, I'd be very uncomfortable with basing it on beliefs about the supply of resources. Isn't that what we did with fossil fuels?

The analogy isn't even close to accurate. Uranium and other metals stocks show degradation in ore grades with proportionally larger resource bases. For instance there's 10 times as much uranium avaliable at $200/kg than at $100/kg. Oil doesn't follow this curve nearly as long.
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Re: Uranium Supply

Unread postby TonyPrep » Fri 04 Jan 2008, 19:02:53

$this->bbcode_second_pass_quote('Dezakin', '')$this->bbcode_second_pass_quote('', 'W')hen devising a strategy for our future, I'd be very uncomfortable with basing it on beliefs about the supply of resources. Isn't that what we did with fossil fuels?

The analogy isn't even close to accurate. Uranium and other metals stocks show degradation in ore grades with proportionally larger resource bases. For instance there's 10 times as much uranium avaliable at $200/kg than at $100/kg. Oil doesn't follow this curve nearly as long.
Well, I realise that you wouldn't want the analogy to be accurate. You make the analogy even more; many deniers "point out" that oil discoveries will increase dramatically as the price point moves up. It's all wishful thinking and no basis for a strategy.

Personally, I'd like nuclear to be put on hold until either fast breeders are an established technology (i.e. at least one commercial scale plant working in breeder mode for a year, showing that there is a net energy gain, with no unmanageable problems) or extraction from seawater is in commercial operation. Only then will we have assured supplies.

Once we establish that the fuel will be there for a build up in nuclear, we can look at the safety issues to determine whether the risks are manageable or acceptable, and examine how much capacity is possible (i.e. what is the upper limit).
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Re: Uranium Supply

Unread postby Dezakin » Fri 04 Jan 2008, 19:45:00

$this->bbcode_second_pass_quote('', 'W')ell, I realise that you wouldn't want the analogy to be accurate. You make the analogy even more; many deniers "point out" that oil discoveries will increase dramatically as the price point moves up. It's all wishful thinking and no basis for a strategy.

Deniers like Ken Deffeyes?

http://nuclearinfo.net/Nuclearpower/Ura ... stribution

$this->bbcode_second_pass_quote('', 'P')ersonally, I'd like nuclear to be put on hold until either fast breeders are an established technology (i.e. at least one commercial scale plant working in breeder mode for a year, showing that there is a net energy gain, with no unmanageable problems) or extraction from seawater is in commercial operation. Only then will we have assured supplies.


Look, I like breeders, I really do, but uranium is just too damned plentiful for them to compete on fuel economy. Seawater uranium is unlikely to ever compete against terestrial sources of uranium. If we ever go with a breeder reactor comercially it will be because it offers significant cost features above and beyond what LWR's offer, such as the molten salt breeder reactor which doesnt require massive pressure vessels, and also doesnt require fuel fabrication regimes. (This has been demonstrated at ORNL for several reactor years as a small multi MW prototype)

The notion that we're in any sort of situation other than a slight, temporary tightening of supply is just silly.
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Re: Uranium Supply

Unread postby sch_peakoiler » Sat 05 Jan 2008, 06:19:58

$this->bbcode_second_pass_quote('Dezakin', '
')The notion that we're in any sort of situation other than a slight, temporary tightening of supply is just silly.


I am afraid that this has already become a little bit religion....
The notion is silly, and the persons who say things like that are heretics?
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Re: Uranium Supply

Unread postby Starvid » Sat 05 Jan 2008, 07:46:50

Of course not. The problem is that the "heretics" aren't producing any data (beyond the imho faulty EWG report). That's not the fact when dealing with peak oil, where the peakers are the ones who supply data.

And seriously, if oil reserves had grown 50 % in 2003-2005 I wouldn't worry about peak oil either.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: Uranium Supply

Unread postby TonyPrep » Sat 05 Jan 2008, 07:50:15

$this->bbcode_second_pass_quote('Starvid', 'O')f course not. The problem is that the "heretics" aren't producing any data (beyond the imho faulty EWG report). That's not the fact when dealing with peak oil, where the peakers are the ones who supply data.

And seriously, if oil reserves had grown 50 % in 2003-2005 I wouldn't worry about peak oil either.
You would if that 50% was oil shale.
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Re: Uranium Supply

Unread postby Tanada » Sat 05 Jan 2008, 08:24:16

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('Starvid', 'O')f course not. The problem is that the "heretics" aren't producing any data (beyond the imho faulty EWG report). That's not the fact when dealing with peak oil, where the peakers are the ones who supply data.

And seriously, if oil reserves had grown 50 % in 2003-2005 I wouldn't worry about peak oil either.
You would if that 50% was oil shale.


If someone produced oil shale with an eroei of 4:1 and it didn't screw up the environment in the process or use up all the potable water in the region in the process then I would consider PO irrelevent. I don't beleive for a minute that is going to happen with oil shale however, so it is moot.

For uranium metal production the eroei is in the 4:1 range for incredibly low concentration ore's. That isn't even counting anything else like improved efficiency reactors that consume less per kWh produced, MOX fuel recycling, twice through Uranium recycling or future breeder reactors. Hell improved efficiency SWU with the American Centerfuge plant now under construction in the US alone will increase the eroei for US enriched uranium by a factor of 8-12, commonly estimated at 10. That means ores which were energy loosers with gas diffusion become large energy winners with the new plant. If anyone ever gets the laser isotope system to work (its been under development for over 30 years now) that too would give another order of magnitude improvement.

Uranium is a uniqe resource because unlike any other substance we consume it is actually the (.7%) U-235 we want. With U-235 as the feed you can use U-238, Th-232, Np-237 or an inert substance as the diluting agent to operate a light water moderated reactor, the most common design. The more efficiently you seperate the U-235 from the natural U-238 the more energy you get from the ore, to the point where extreamly low ore concentration are energy winners with centerfuge enrichment.
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Re: Uranium Supply

Unread postby mkwin » Sat 05 Jan 2008, 08:48:44

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('Starvid', 'O')f course not. The problem is that the "heretics" aren't producing any data (beyond the imho faulty EWG report). That's not the fact when dealing with peak oil, where the peakers are the ones who supply data.

And seriously, if oil reserves had grown 50 % in 2003-2005 I wouldn't worry about peak oil either.
You would if that 50% was oil shale.


No one is suggesting the reserves booked in the period 2003 to 2005 have anywhere near the difference in production profiles that crude and shale oil have. I think you're cluching at straws Tony.
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Re: Uranium Supply

Unread postby sch_peakoiler » Sat 05 Jan 2008, 09:33:27

$this->bbcode_second_pass_quote('Starvid', 'O')f course not. The problem is that the "heretics" aren't producing any data (beyond the imho faulty EWG report). That's not the fact when dealing with peak oil, where the peakers are the ones who supply data.

And seriously, if oil reserves had grown 50 % in 2003-2005 I wouldn't worry about peak oil either.


The problem is, there are little facts in the field. The whole situation looks like a stalemate.

Consider,

a) de facto uranium production falls (2006 less than 2005 if I get this right, and 2007 looks like it was less than 2006), but reserves grow into zillions. Of which, nota bene!, only 4.7 million ton are considered "real" and not "estimated".

b) we need extra 20 000 tons to replace secondary supplies, and thats a 50% increase of current production, but what we hear from mine operators is thing like with Roessing: "increase from 3711 up to 4000 over several years" - nowhere near 50%. And if you consider the new plants being built - the reality (even PLANNED) does not come near the "nuclear future".
That is the problem. There is little facts about the concrete hard numbers. There is a list of mines _planning_to_expand_operation. But the published numbers are not as marvellous as some would like to believe. When I read 3711 to 4000 ton increase I see "scratching for last bits of uranium" and not "mining the plentiful resource of which there are billion tons".

Anyway: nuclear plants run on real uranium, not on "planned" uranium. Planned mines tend to go Cigar Lake way which is still "planning".
If we want nuclear power grow say 10% a year, we will need a yearly 10% increase either in uran production, or in SWU capacity (or both so that we could leave less tails).

And when the people say: Look, the price has been high for two years now, and the industry has 15 years of lead time, so today is the freakin good day to see some numbers, there is a list of uranium mines "planning to expand capacity".

This all makes people draw their own conclusions.

And I once again ask for some real number on real production increases. I understand that all mines in the world are planning to expand capacity. Like Cigar Lake for example. What we lack are hard numbers on those increases. If we increase from 45 000 tons a year to 45005 tons a year, this is also an increase, right?


here:
growing prices but falling production?
http://www.world-nuclear.org/info/inf23.html

Or this one
http://www.ferret.com.au/n/Uranium-mining-n710877

BHP Billiton is reviewing plans to substantially expand production at the Olympic Dam mine and in August 2005 commenced an environmental assessment of the $5 billion project.

The company expects to spend about two years undertaking both analysis of the proposed expansion and public consultation, before deciding whether to proceed.

If BHP Billiton does commit to the expansion, substantially higher uranium oxide production, of up to 15,000 tonnes (depending on the final shape of the project) will result. However, output is unlikely to become available until near the end of the outlook period. "
*****

Reading between the lines can be nice. They first assess whether they should assess the project. after that they assess the project. And after that, more likely in 2030 they will ... ta da... produce MAYBE 15000 ton.

If the whole industry works this way (which it does) then there is little hope (to say in australian: NO EFFING WAY )that uranium production will be increased to 67000 before the secondary supplies run out.
*******

From the same text:
"
Despite very large price rises, world uranium production has responded only slowly, reflecting the long lead-time required to either expand existing operations or bring new developments on stream. However, world uranium output is expected to expand solidly from 2008 onwards, easing concerns over the adequacy of supplies and pulling back spot prices.
"

EXPAND SOLIDLY... In an industry with lead times of 10-15 years the production in one year should be "predictable". It is not like there will be a ...oops... random mine conjured out of thin air in 2008. No, the 2008 production should have been known 2007 already - but instead we get an "EXPAND SOLIDLY".
this is also a clue - which everybody can interpret the way he/she likes.

*******
And here
http://www.abareconomics.com/interactiv ... ranium.htm

They say
2007 - 51000 tons
2008 - 60000 tons.
Are there 2007 data ready to verify that claim?
There is no knowledge that is not power.
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