Uranium firms revive forgotten mines as price of nuclear fuel soars

Uranium firms revive forgotten mines as price of nuclear fuel soars
Barrels stored at the Energy Fuels White Mesa Mill uranium production facility in Utah. (Image: Bloomberg)
Bloomberg
By Jacob Lorinc and Maria Clara Cobo(Bloomberg) – Across the United States and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalise on rising demand for the nuclear fuel.At least five US producers are reviving mines in states including Wyoming, Texas, Arizona and Utah, where production flourished until governments soured on the radioactive element after the 2011 Fukushima nuclear disaster in Japan.Most of those American mines were idled in the aftermath of Fukushima when uranium prices crashed, a...

More Energy

Māui gas field closure starts to loom
Editor's Picks

Māui gas field closure starts to loom

There has been speculation Māui could close early, in election year.

New rules to press gentailers on ‘super-peak’ price relief
Policy

New rules to press gentailers on ‘super-peak’ price relief

Mandatory non-discrimination rules are coming for power sales to rivals.

Pattrick Smellie 19 Aug 2025
Mercury’s profit drops $289m to $1m amid tough power conditions
Markets

Mercury’s profit drops $289m to $1m amid tough power conditions

Mercury has blamed tough power-generating conditions for a sharp decline in its earnings over the June year.The company, 51% owned by the Government, said its net profit for the year came to just $1 million, down $289m from the prior year.The fall was due to lower earnings before...

Staff reporters 19 Aug 2025
Bureaucracy delaying new electricity generation: Fuge
Markets

Bureaucracy delaying new electricity generation: Fuge

Fast-track not that fast for Contact Energy.

Ian Llewellyn 19 Aug 2025