'At least 25 new uranium mines needed by 2020'

http://www.miningweekly.co.za/article.php?a_id=116422

The world would need “at least” 25 new uranium mines by 2020 and global uranium marketing would change as fundamentally as oil marketing did in the 1970s, Paladin Resources MD John Borshoff said in Perth last week.

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There thus had to be both replacement and additive components and “at least 25 new mines would be required by 2020”, Borshoff said.

But, having reached that point, the industry would then immediately have to enter the next phase to find more uranium.

“Whether or not we get the 288 reactors by 2025 is not that relevant, but what is relevant is that the growth of nuclear reactors is going to outpace the supply of uranium,” he said.

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