Saudi Arabia Reports 110 Million Tonnes of Uranium-Bearing Ore at IAEA Conference
Saudi Arabia has identified 110 million tonnes of uranium-bearing ore containing a mix of uranium, rare earths and other minerals, according to Neutron Bytes. The find was announced by Saudi Energy Minister Prince Abdulaziz bin Salman at the International Atomic Energy Agency (IAEA) General Conference.
A further 32,400 tonnes of Saudi deposits are classified in the Red Book as inferred, Neutron Bytes reported.
Nearly all of the kingdom's uranium deposits carry mining costs of as much as USD 130 per kilogram and do not exceed USD 260 per kilogram, according to the Red Book figures cited by Neutron Bytes.
The announcement follows a civil nuclear cooperation agreement between Washington and Riyadh, signed by US Energy Secretary Chris Wright and Prince Abdulaziz bin Salman on 07/22/26.
Source: neutronbytes.com (opens in a new tab)1 sourcePermalink