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Third quarter figures from Uranium One include output from the Honeymoon in-situ leach operation in Australia for the first time.

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Honeymoon at night (Image: Uranium One)

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The quoted operational results for the quarter ended 30 SeptemberÌýindicate production of 20.2 tonnes U₃O₈ (17.2 tU) from the mine, where commissioning commenced in September 2011. Uranium One owns 51% of the mine (with Mitsui owning the other 49%), and its attributable share of production is 22,700 poundsÌýU₃O₈ (8.7 tU). Commissioning will be completed when a pre-defined operating level, based on the design of the plant, is maintained.
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Honeymoon, which will have a capacity of up to 400 tonnesÌýU₃O₈ (340 tU) per year, is expected to produce 275 tonnes U₃O₈ (233 tU) in 2012, at a cost of $47 per poundÌýU₃O₈Ìý- around three times the average cost of Uranium One's production from Kazakhstan.

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Researched and written

by World Nuclear News

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