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Development in uranium in 1983

William L. Chenoweth
Development in uranium in 1983
AAPG Bulletin (October 1984) 68 (10): 1678-1683


Low market prices, increasing production costs, and weak demand continued to influence the uranium industry in 1983. Production exceeded consumption and, as a result, exploration for uranium declined in the United States for the fifth straight year. In 1983, an estimated $40 million was spent on uranium exploration, including 3.7 million ft of surface drilling. This drilling was done mainly in the producing areas and in areas of recent discoveries. During the year, a few discoveries were announced. Production of uranium concentrate declined in 1983, for the third straight year, when 10,580 tons of uranium oxide (U3O8) were produced. Uranium produced as the result of solution mining and as the by-product of phosphoric acid production accounted for about 28% of the total production. In response to a soft market, numerous mines and 3 mills closed during 1983. Throughout the free world, uranium exploration decreased as production exceeded consumption. Canada continued to dominate the long-term supply by opening new production centers and announcing new discoveries. The 1983 declines in the domestic industry are expected to continue into 1984 as nuclear plants are canceled and uranium inventories grow.

ISSN: 0149-1423
EISSN: 1558-9153
Coden: AABUD2
Serial Title: AAPG Bulletin
Serial Volume: 68
Serial Issue: 10
Title: Development in uranium in 1983
Affiliation: Consult. Geol., Grand Junction, Co., United States
Pages: 1678-1683
Published: 198410
Text Language: English
Publisher: American Association of Petroleum Geologists, Tulsa, OK, United States
References: 6
Accession Number: 1985-021886
Categories: Economic geology, economics of ore deposits
Document Type: Serial
Bibliographic Level: Analytic
Illustration Description: illus. incl. sketch map
N42°00'00" - N84°00'00", W141°00'00" - W52°00'00"
Source Note: World energy development, 1983
Country of Publication: United States
Secondary Affiliation: GeoRef, Copyright 2019, American Geosciences Institute.
Update Code: 1985
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