The IAEA Low Enriched Uranium Storage FacilityÌý- or 'bank'Ìý- is scheduled to be ready for operations by September 2017, following the conclusion of a partnership agreement between the International Atomic Energy Agency and the Ulba Metallurgical Plant in Kazakhstan this week.
The US produced more uranium in the second quarter of 2016 than in the first, according to the latest update from the US Energy Information Administration (EIA). Production for the first half of 2016 remained lower than the same period in 2015. 
Areva Resources Canada said it is "very disappointed" with a decision by Canadian ministers not to approve the proposed Kiggavik uranium project. The project has been placed in in care and maintenance while the company considers its next steps.
Cameco's proposal for uranium mining at the Yeelirrie deposit should not be given the go-head because it does not adequately protect underground fauna, the Western Australia Environmental Protection AuthorityÌýhas recommended to Australia's minister for environment.
Paladin Energy has announced plans to sell 24% of the Langer Heinrich uranium mine in Namibia and up to 75% stake of its Manyingee project in Western Australia. The transactions stand to raise over $200 million.
Regular deliveries of drummed uranium from Peninsula Energy's Lance projects have commenced as the company continues to ramp up production at the Wyoming in-situ leach operation.
China General Nuclear announced it has signed an agreement with Canadian uranium mining company Cameco to further expand and deepen their cooperation in the joint development of uranium resources.