of uranium amid a restarting of activities at its Honeymoon uranium mine in New South Wales, Australia, where production was halted in 2013 due to low prices for the radioactive material.
Once ramped up, Honeymoon will produce 2.45 million pounds of uranium a year, at all-in sustaining costs of $32 per pound. Australia currently has two active uranium mines — BHP’s Olympic Dam and Heathgate Resources’ in-situ recovery Four Mile mine. For over sixty years, uranium has served as a fuel to power nuclear plants and reactors. Nearly two-thirds of the world’s uranium production originates from Kazakhstan, Canada and Australia.
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