Uranium Mining Market in Asia-Pacific to 2020 - Availability of Large Uranium Reserves to Lay the Foundation for the Industry's Future Development by GBIResearch

VIEWS: 10 PAGES: 113

The report provides key information and analysis of the Asia-Pacific uranium mining industry, comprising Kazakhstan, Australia, Uzbekistan, China and India. The report covers the industry’s drivers and restraints, production and reserves. Asia’s uranium mining industry development pathway has increasingly been driven by abundant uranium reserves available in this region. In 2011, the region had more than 50% of total global reserves and produced around 56% of global uranium mine production. This report is based on data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

More Info
									Uranium Mining Market in Asia-Pacific to 2020
Availability of Large Uranium Reserves to Lay the Foundation for the Industry's
Future Development
GBI Research Report Guidance




                                              GBI Research Report Guidance
                                              ·     Chapter two provides an introduction to the report.
                                              ·     Chapter three provides an overview of Asia-Pacific uranium mining industry.
                                              ·     Chapter four contains the key growth factors and restraints affecting Asia-Pacific uranium mining
                                                    industry.
                                              ·     Chapter five provides an overview of Asia-Pacific uranium mining industry, with detailed information
                                                    about production and reserves.
                                              ·     Chapter six provides an overview of Kazakhstan uranium mining industry, the key growth factors and
                                                    restraints affecting the industry, detailed information about production and reserves. This section also
                                                    includes the Kazakhstan uranium mining industry, with a section dedicated to mining business licenses,
                                                    rights and obligation of the mining companies and lastly the fiscal terms defined in detail.
                                              ·     Chapter seven provides an overview of Australia uranium mining industry, the key growth factors and
                                                    restraints affecting the industry, detailed information about production and reserves. This section also
                                                    includes the Australia fiscal regime, with a section dedicated to mining business licenses, rights and
                                                    obligation of the mining companies and lastly the fiscal terms defined in detail.
                                              ·     Chapter eight provides an overview of Uzbekistan uranium mining industry, the key growth factors and
                                                    restraints affecting the industry, detailed information about production and reserves. This section also
                                                    includes the Uzbekistan fiscal regime, with a section dedicated to mining business licenses, rights and
                                                    obligation of the mining companies and lastly the fiscal terms defined in detail.
                                              ·     Chapter nine provides an overview of China uranium mining industry, the key growth factors and
                                                    restraints affecting the industry, detailed information about production and reserves. This section also
                                                    includes the China fiscal regime, with a section dedicated to mining business licenses, rights and
                                                    obligation of the mining companies and lastly the fiscal terms defined in detail.
                                              ·     Chapter ten provides an overview of India uranium mining industry, the key growth factors and
                                                    restraints affecting the industry, detailed information about production and reserves. This section also
                                                    includes the India fiscal regime, with a section dedicated to mining business licenses, rights and
                                                    obligation of the mining companies and lastly the fiscal terms defined in detail.
                                              ·     Chapter eleven provides detailed information of the top active projects and the future planned
                                                    projects in Asia-Pacific.
                                              ·     Chapter twelve provides detailed information of the top uranium producing companies in Asia-Pacific
                                                    uranium mining industry. The section consists of the top producers of uranium with their detailed
                                                    reports.




  © GBI Research. This is a licensed product and is not to be photocopied                                                  GBIMM0013MR / Published JUN 2012
                                                                                                                                                       Page 2
Executive Summary




                                              Executive Summary
                                              Largest Uranium Mine Producing Region
                                              Asia-Pacific is the largest uranium producing region in the world comprising the uranium producing
      Asia pacific's estimated                countries of Kazakhstan, Australia, Uzbekistan, China and India. The region’s estimated uranium mine
      uranium mine production                 production was 34,041 tons of uranium (tU) in 2011, contributing around 56% of global uranium mine
      was 34,041 tons of uranium              production in 2011. Kazakhstan alone contributed around 63.9% to regional uranium mine production,
      (tU) in 2011                            followed by Australia 25.2%, Uzbekistan 7.2%, China 2.6% and India 1.1%.
                                              During the outlook period 2012-2020, Asia-Pacific’s uranium mine production is estimated to grow at a
                                              CAGR of 4.7% from 40,301.7tU in 2012 to 58,402.6tU by 2020.

                                                Uranium Mining Industry, Asia-Pacific, Share in Global Production (%), 2011

                                                                                         South and
                                                                                       Central America
                                                                                             1%
                                                                               Europe 8%




                                                             North America
                                                                  17%

                                                                                                                         Asia-Pacific 56%




                                                                 Middle East and
                                                                   Africa 18%

                                                Source: GBI Research, World Nuclear Association (WNA), Company reports




                                              Substantial Uranium Reserves
                                              In 2010, Asia-Pacific uranium reserves stood at 3,599,421tU, according to the World Nuclear Association
                                              (WNA), representing about 57% of total global reserves. Kazakhstan and Australia are the major countries,
                                              accounting for over 88% of the region’s total reserves. The availability of huge reserves and new planned
                                              uranium mines reflects the uranium mining industry’s growth potential in this region in coming years.




  © GBI Research. This is a licensed product and is not to be photocopied                                                GBIMM0013MR / Published JUN 2012
                                                                                                                                                   Page 3
Table of Contents




                                              1           Table of Contents
                                              1    Table of Contents ........................................................................................................................................ 4
                                                  1.1          List of Tables .................................................................................................................................... 7
                                                  1.2          List of Figures................................................................................................................................... 8
                                              2    Introduction .............................................................................................................................................. 10
                                              3    Asia-Pacific, Uranium Mining Industry ...................................................................................................... 11
                                              4    Asia-Pacific, Uranium Mining Industry – Drivers and Restraints ............................................................... 12
                                                  4.1        Asia-Pacific, Uranium Mining Industry – Drivers ........................................................................... 12
                                                        4.1.1     New Planned Projects and Mine Expansion in Progress ........................................................ 12
                                                        4.1.2     Development and Expansion of Nuclear Power Plants .......................................................... 12
                                                        4.1.3     Substantial Reserves.............................................................................................................. 12
                                                        4.1.4     Expected Increase in Uranium Prices ..................................................................................... 12
                                                  4.2        Asia-Pacific, Uranium Mining Industry – Restraints....................................................................... 13
                                                        4.2.1     Environmental Impact ........................................................................................................... 13
                                                        4.2.2     Occupational Risk .................................................................................................................. 13
                                              5    Asia-Pacific, Uranium Mining Industry – Production and Reserves .......................................................... 14
                                                  5.1        Asia-Pacific, Uranium Mining Industry – Uranium Mine Production ............................................. 14
                                                        5.1.1     Asia-Pacific, Uranium Mining Industry –Asia-Pacific Production vs. Rest of the World
                                                                  Production ............................................................................................................................. 16
                                                        5.1.2     Asia-Pacific Uranium Mining Industry – Uranium Mine Production by Country .................... 17
                                                  5.2        Asia-Pacific Uranium Mining Industry – Uranium Reserves .......................................................... 18
                                                        5.2.1     Asia-Pacific Uranium Mining Industry – Asia-Pacific Reserves vs. Rest of the World Reserves
                                                                   .............................................................................................................................................. 19
                                                        5.2.2     Asia-Pacific Uranium Mining Industry – Uranium Reserves by Country ................................ 20
                                              6    Kazakhstan Uranium Mining Industry ....................................................................................................... 21
                                                  6.1        Kazakhstan Uranium Mining Industry – Drivers and Restraints .................................................... 22
                                                        6.1.1    Kazakhstan Uranium Mining Industry – Drivers .................................................................... 22
                                                        6.1.2    Kazakhstan Uranium Mining Industry - Restraints ................................................................ 22
                                                  6.2        Kazakhstan Uranium Mining Industry – Production and Reserves ................................................ 23
                                                        6.2.1    Kazakhstan Uranium Mining Industry – Uranium Mine Production ...................................... 23
                                                        6.2.2    Kazakhstan Uranium Mining Industry – Uranium Reserves .................................................. 26
                                                  6.3        Kazakhstan Uranium Mining Industry – Fiscal Regime .................................................................. 29
                                                        6.3.1    Kazakhstan, Governing Bodies .............................................................................................. 29
                                                        6.3.2    Kazakhstan, Governing Law .................................................................................................. 29
                                                        6.3.3    Kazakhstan, Mining Licenses ................................................................................................. 30
                                                        6.3.4    Rights and Obligations .......................................................................................................... 31
                                                        6.3.5    Kazakhstan, Fiscal Terms....................................................................................................... 31
                                              7    Australia Uranium Mining Industry ........................................................................................................... 33
                                                  7.1        Australia Uranium Mining Industry – Drivers and Restraints ........................................................ 34
                                                        7.1.1     Australia Uranium Mining Industry – Drivers ........................................................................ 34
                                                        7.1.2     Australia Uranium Mining Industry – Restraints ................................................................... 35
                                                  7.2        Australia Uranium Mining Industry – Production and Reserves .................................................... 36
                                                        7.2.1     Australia Uranium Mining Industry – Uranium Mine Production .......................................... 36
                                                        7.2.2     Australia Uranium Mining Industry – Uranium Reserves ...................................................... 39
                                                  7.3        Australia Uranium Mining Industry – Fiscal Regime ...................................................................... 41
                                                        7.3.1     Australia, Governing Bodies .................................................................................................. 41


  © GBI Research. This is a licensed product and is not to be photocopied                                                                                         GBIMM0013MR / Published JUN 2012
                                                                                                                                                                                                             Page 4
Table of Contents




                                                        7.3.2         Australia, Governing Laws..................................................................................................... 42
                                                        7.3.3         Australia, Licenses ................................................................................................................. 43
                                                        7.3.4         Australia, Rights and Obligations .......................................................................................... 45
                                                        7.3.5         Australia, Fiscal Terms........................................................................................................... 46
                                              8    Uzbekistan Uranium Mining Industry ....................................................................................................... 50
                                                  8.1        Uzbekistan Uranium Mining Industry – Drivers and Restraints ..................................................... 51
                                                        8.1.1    Uzbekistan Uranium Mining Industry – Drivers ..................................................................... 51
                                                        8.1.2    Uzbekistan Uranium Mining Industry – Restraints ................................................................ 51
                                                  8.2        Uzbekistan Uranium Mining Industry – Production and Reserves ................................................ 52
                                                        8.2.1    Uzbekistan Uranium Mining Industry – Uranium Mine Production....................................... 52
                                                        8.2.2    Uzbekistan Uranium Mining Industry – Uranium Reserves ................................................... 55
                                                  8.3        Uzbekistan Uranium Mining Industry – Fiscal Regime .................................................................. 57
                                                        8.3.1    Uzbekistan, Governing Bodies ............................................................................................... 57
                                                        8.3.2    Uzbekistan, Governing Laws ................................................................................................. 57
                                                        8.3.3    Uzbekistan, Licenses .............................................................................................................. 58
                                                        8.3.4    Uzbekistan, Rights and Obligations ....................................................................................... 59
                                                        8.3.5    Uzbekistan, Fiscal Terms ....................................................................................................... 59
                                              9    China Uranium Mining Industry ................................................................................................................ 61
                                                  9.1        China Uranium Mining Industry – Drivers and Restraints ............................................................. 61
                                                        9.1.1     China Uranium Mining Industry – Drivers ............................................................................. 61
                                                        9.1.2     China Uranium Mining Industry – Restraints ........................................................................ 62
                                                  9.2        China Uranium Mining Industry – Production and Reserves ......................................................... 63
                                                        9.2.1     China Uranium Mining Industry – Uranium Mine Production ............................................... 63
                                                        9.2.2     China Uranium Mining Industry – Uranium Reserves............................................................ 66
                                                  9.3        China Uranium Mining Industry – Fiscal Regime ........................................................................... 68
                                                        9.3.1     China, Governing Bodies........................................................................................................ 68
                                                        9.3.2     China, Governing Laws .......................................................................................................... 68
                                                        9.3.3     China, Mining Licenses and Ownership ................................................................................. 69
                                                        9.3.4     Fee ......................................................................................................................................... 69
                                                        9.3.5     China, Mining Rights and Obligations ................................................................................... 70
                                                        9.3.6     China, Key Fiscal Terms ......................................................................................................... 71
                                              10 India Uranium Mining Industry ................................................................................................................. 74
                                                  10.1 India Uranium Mining Industry – Drivers and Restraints .............................................................. 75
                                                     10.1.1 India Uranium Mining Industry – Drivers .............................................................................. 75
                                                     10.1.2 India Uranium Mining Industry – Restraints.......................................................................... 76
                                                  10.2 India Uranium Mining Industry – Production and Reserves .......................................................... 77
                                                     10.2.1 India Uranium Mining Industry – Uranium Mine Production ................................................ 77
                                                     10.2.2 India Uranium Mining Industry – Uranium Reserves ............................................................. 80
                                                  10.3 India Uranium Mining Industry – Fiscal Regime ............................................................................ 82
                                                     10.3.1 India, Governing Bodies......................................................................................................... 82
                                                     10.3.2 India, Governing Laws ........................................................................................................... 82
                                                     10.3.3 India, Rights and Obligations ................................................................................................ 83
                                                     10.3.4 India, Fiscal Terms ................................................................................................................. 83
                                              11 Asia-Pacific Uranium Mining Industry – Top Active and Planned Projects ................................................ 85
                                                  11.1         Asia-Pacific Uranium Mining Industry – Top Active Projects ......................................................... 85
                                                  11.2 Asia-Pacific Uranium Mining Industry – Mine Profile .................................................................... 87
                                                     11.2.1 Ranger Mine .......................................................................................................................... 87
                                                     11.2.2 Olympic Dam Mine ................................................................................................................ 89
                                                     11.2.3 Tortkuduk Mine ..................................................................................................................... 91


  © GBI Research. This is a licensed product and is not to be photocopied                                                                                        GBIMM0013MR / Published JUN 2012
                                                                                                                                                                                                           Page 5
Table of Contents




                                                       11.2.4         Karatau Mine ........................................................................................................................ 92
                                                       11.2.5         South Inkai mine.................................................................................................................... 93
                                                       11.2.6         Inkai Mine.............................................................................................................................. 94
                                                  11.3        Asia-Pacific Uranium Mining Industry – Planned Projects ............................................................. 95
                                              12 Asia-Pacific Uranium Mining, Top Uranium Producing Companies........................................................... 96
                                                  12.1 National Atomic Company Kazatomprom (Kazatomprom) ........................................................... 96
                                                     12.1.1 National Atomic Company Kazatomprom (Kazatomprom), Overview .................................. 96
                                                     12.1.2 National Atomic Company Kazatomprom (Kazatomprom), Business Description ................ 96
                                                     12.1.3 National Atomic Company Kazatomprom (Kazatomprom), Uranium Projects ..................... 98
                                                  12.2 Energy Resources of Australia Ltd (ERA) ..................................................................................... 100
                                                     12.2.1 Energy Resources of Australia Ltd (ERA), Overview............................................................. 100
                                                     12.2.2 Energy Resources of Australia Ltd (ERA), Business Description ........................................... 100
                                                     12.2.3 Energy Resources of Australia Ltd (ERA), Uranium Projects ................................................ 101
                                                  12.3 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation) ............................. 101
                                                     12.3.1 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Overview ..... 101
                                                     12.3.2 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Business
                                                            Description .......................................................................................................................... 101
                                                     12.3.3 BHP Billiton Olympic Dam Corporation Pty Ltd. (Olympic Dam Corporation), Uranium
                                                            Projects................................................................................................................................ 102
                                                  12.4 Heathgate Resources Pty Ltd (Heathgate)................................................................................... 102
                                                     12.4.1 Heathgate Resources Pty Ltd. (Heathgate), Overview ........................................................ 102
                                                     12.4.2 Heathgate Resources Pty Ltd. (Heathgate), Business Description ....................................... 102
                                                     12.4.3 Heathgate Resources Pty Ltd. (Heathgate), Uranium Projects ............................................ 103
                                                  12.5 Navoi Mining and Metallurgical Combinat (NMMC) ................................................................... 103
                                                     12.5.1 Navoi Mining and Metallurgical Combinat (NMMC), Overview .......................................... 103
                                                     12.5.2 Navoi Mining and Metallurgical Combinat (NMMC), Business Description ........................ 103
                                                     12.5.3 Navoi Mining and Metallurgical Combinat (NMMC), Uranium Projects ............................. 104
                                                  12.6 China National Nuclear Corporation (CNNC) ............................................................................... 105
                                                     12.6.1 China National Nuclear Corporation (CNNC), Overview ...................................................... 105
                                                     12.6.2 China National Nuclear Corporation (CNNC), Business Description .................................... 105
                                                     12.6.3 China National Nuclear Corporation (CNNC), Uranium Projects ......................................... 106
                                                  12.7 Uranium Corporation of India Limited (UCIL) .............................................................................. 107
                                                     12.7.1 Uranium Corporation of India Ltd (UCIL), Overview ............................................................ 107
                                                     12.7.2 Uranium Corporation of India Ltd (UCIL), Business Description .......................................... 107
                                                     12.7.3 Uranium Corporation of India Ltd (UCIL), Uranium Projects ............................................... 109
                                              13 Appendix ................................................................................................................................................. 111
                                                  13.1        Abbreviations .............................................................................................................................. 111
                                                  13.2        About GBI Research ..................................................................................................................... 112
                                                  13.3 Methodology ............................................................................................................................... 112
                                                     13.3.1 Coverage ............................................................................................................................. 112
                                                     13.3.2 Secondary Research ............................................................................................................ 112
                                                     13.3.3 Primary Research ................................................................................................................ 112
                                                     13.3.4 Expert Panel Validation ....................................................................................................... 113
                                                  13.4        Contact Us ................................................................................................................................... 113
                                                  13.5        Disclaimer .................................................................................................................................... 113




  © GBI Research. This is a licensed product and is not to be photocopied                                                                                       GBIMM0013MR / Published JUN 2012
                                                                                                                                                                                                          Page 6
Table of Contents




                                              1.1      List of Tables
                                              Table 1:     Uranium Mining Industry, Asia-Pacific, Uranium Mine Production (tU), 2000–2020 ................... 15
                                              Table 2:     Uranium Mining Industry, Asia-Pacific, Uranium Reserves (tU), 2000–2010 ............................... 18
                                              Table 3:     Uranium Mining Industry, Kazakhstan, Uranium Mine Production (tU), 2000–2020 ................... 24
                                              Table 4:     Uranium Mining Industry, Kazakhstan, Uranium Reserves (tU), 2000–2010 ............................... 27
                                              Table 5:     Uranium Mining Industry, Kazakhstan, Depreciation Groups and Rates (%), 2011 ...................... 31
                                              Table 6:     Uranium Mining Industry, Kazakhstan, Withholding Tax Rates (%), 2011.................................... 32
                                              Table 7:     Uranium Mining Industry, Australia, Uranium Mine Production (tU), 2000–2020....................... 37
                                              Table 8:     Uranium Mining Industry, Australia, Uranium Reserves (tU), 2000–2010 ................................... 39
                                              Table 9:     Uranium Mining Industry, Australia, South Australia, Annual Rents ($), 2011............................. 46
                                              Table 10:    Uranium Mining Industry, Australia, South Australia, Fees ($), 2011........................................... 46
                                              Table 11:    Uranium Mining Industry, Australia, South Australia, Other Application Fees ($), 2011 ............. 46
                                              Table 12:    Uranium Mining Industry, Australia, South Australia, Mining Register ($), 2011 ......................... 47
                                              Table 13:    Uranium Mining Industry, Australia, South Australia, Other Fees ($), 2011 ................................ 47
                                              Table 14:    Uranium Mining Industry, Australia, Depreciation (yrs), 2011 ..................................................... 48
                                              Table 15:    Uranium Mining Industry, Uzbekistan, Uranium Mine Production (tU), 2000–2020 ................... 53
                                              Table 16:    Uranium Mining Industry, Uzbekistan, Uranium Reserves (tU), 2000–2010 ................................ 55
                                              Table 17:    Uranium Mining Industry, Uzbekistan, Depreciation Rates (%), 2011.......................................... 60
                                              Table 18:    Uranium Mining Industry, China, Uranium Mine Production (tU), 2000–2020 ............................ 64
                                              Table 19:    Uranium Mining Industry, China, Uranium Reserves (tU), 2000–2010 ........................................ 66
                                              Table 20:    Uranium mining Industry, China, Stamp Tax Rates (%), 2011 ...................................................... 71
                                              Table 21:    Uranium Mining Industry, China, Business Tax Rates (%), 2011................................................... 72
                                              Table 22:    Uranium mining Industry, China, Depreciation Rates (%), 2011 .................................................. 72
                                              Table 23:    Uranium mining Industry, China, Withholding Tax Rates (%), 2011 ............................................. 73
                                              Table 24:    Uranium Mining Industry, India, Uranium Mine Production (tU), 2000–2020 ............................. 78
                                              Table 25:    Uranium Mining Industry, India, Uranium Reserves (tU), 2000–2010.......................................... 80
                                              Table 26:    Uranium Mining Industry, India, Withholding Tax Rates (%), 2011 .............................................. 84
                                              Table 27:    Uranium Mining Industry, India, Depreciation Rates (%), 2011 ................................................... 84
                                              Table 28:    Uranium Mining Industry, Asia-Pacific, Top Active Projects ......................................................... 85
                                              Table 29:    Uranium Mining Industry, Asia-Pacific, Ranger Mine Reserves and Resources, 2010 .................. 87
                                              Table 30:    Uranium Mining Industry, Asia-Pacific, Ranger Mine, Historic and Forecast Production (tU),
                                                           2000–2020 .................................................................................................................................... 88
                                              Table 31:    Uranium Mining Industry, Asia-Pacific, Olympic Dam Mine Reserves and Resources, 2010........ 89
                                              Table 32:    Uranium Mining Industry, Asia-Pacific, Olympic Dam Mine, Historic and Forecast Production
                                                           (tU), 2000–2020............................................................................................................................ 90
                                              Table 33:    Uranium Mining Industry, Asia-Pacific, Tortkuduk Mine, Historic and Forecast Production (tU),
                                                           2009–2020 .................................................................................................................................... 91
                                              Table 34:    Uranium Mining Industry, Asia-Pacific, Karatau Mine, Historic and Forecast Production (tU),
                                                           2007-2020 .................................................................................................................................... 92



  © GBI Research. This is a licensed product and is not to be photocopied                                                                                  GBIMM0013MR / Published JUN 2012
                                                                                                                                                                                                     Page 7
Table of Contents




                                              Table 35:    Uranium Mining Industry, Asia-Pacific, South Inkai Mine, Historic and Forecast Production (tU),
                                                           2008–2020 .................................................................................................................................... 93
                                              Table 36:    Uranium Mining Industry, Asia-Pacific, Inkai Mine, Historic and Forecast Production (tU), 2009–
                                                           2020.............................................................................................................................................. 94
                                              Table 37:    Uranium Mining Industry, Asia-Pacific, Planned Projects ............................................................. 95
                                              Table 38:    Uranium Mining Industry, Asia-Pacific, National Atomic Company Kazatomprom, Major Uranium
                                                           Projects ......................................................................................................................................... 98
                                              Table 39:    Uranium Mining Industry, Asia-Pacific, Energy Resources of Australia Ltd., Major Uranium
                                                           Projects ....................................................................................................................................... 101
                                              Table 40:    Uranium Mining Industry, Asia-Pacific, BHP Billiton, Major Uranium Projects .......................... 102
                                              Table 41:    Uranium Mining Industry, Asia-Pacific, Heathgate Resources Pty Ltd., Major Uranium Projects
              
								
To top