NAC KazAtomProm will reduce planned uranium production by 20% to better align output with demand, the company announced today. The cuts will be enacted for a period of three years beginning in January 2018, it added.

US uranium production for 2017 to date is down 17% from the same period in 2016, according to the US Energy Information Administration's latest quarterly Domestic Uranium Production Report. Meanwhile, the US Geological Survey has found uranium-bearing calcrete formations in the USA for the first time.

A recently completed process optimisation study has shown how Bannerman Resources can save an estimated $73 million in capital costs at its Etango uranium project. The study forms the first part of Bannerman's update of the definitive feasibility study for its 95%-owned Namibian project.

Energy Fuels is to sell its North Reno Creek uranium project in Wyoming to Uranium Energy Corporation for $5.39 million. The property is adjacent to the fully permitted Reno Creek project acquired by UEC earlier this year and the sale consolidates UEC's position in the region.

Peninsula Energy has started the process to amend the licence and permits for its Lance in-situ leach uranium project in Wyoming, after laboratory tests showed that using an acidic rather than alkaline mining solution could potentially transform the project's operating performance and costs.

Multi-metal company Terrafame has decided to apply to the Finnish government for a permit to recover uranium as a by-product from the Sotkamo mine. In 2015, the company acquired the business operations and assets of Talvivaara Sotkamo Ltd, which had planned to start uranium production at the mine in north-eastern Finland.

Laramide Resources Ltd has announced a maiden independent mineral resource estimate for its 100% owned Church Rock project in New Mexico. The estimate of over 50 million pounds U3O8 in inferred resources supersedes historical estimates for the purposes of NI 43-101 reporting for the property, which Laramide acquired earlier this year.

World nuclear generating capacity is set to continue to grow according to the World Nuclear Association's newly published biennial report on the nuclear fuel market. Projections of installed capacity - and the uranium required to fuel it - have been revised downwards since the 2015 edition but still represent a higher growth rate than any seen since 1990.

The Sultanate of Oman is to become a long-term strategic investor in Berkeley Energia through an investment agreement worth up to $120 million. The investment means that the Salamanca uranium project in western Spain is now fully funded and can proceed to production.

China and Pakistan have agreed to cooperate in uranium exploration and mining. China National Nuclear Corporation (CNNC) said it had signed a framework agreement with the Pakistan Atomic Energy Commission yesterday for technical cooperation in the exploration and development of uranium resources. China signed a similar agreement with Saudi Arabia earlier this year.

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

Uranium One subsidiary Mantra Tanzania has applied to suspend the Mkuju River project in Tanzania due to depressed uranium prices, the company has confirmed.