Kazatomprom was an undisputed leader in uranium production in 2019. Top 10 uranium producers were responsible for over 85% of global primary uranium supplies.
Mines and Metals looked at the world’s largest uranium producers in 2019.
Kazakhstan’s Kazatomprom produced 12,229 tonnes of uranium in 2019 and was the largest uranium producer worldwide, miles ahead of its competitors. Kazatomprom produces more than 23% of global uranium.
Second largest uranium miner was Orano. This French nuclear giant produced 5,809 tonnes of uranium in 2019.
Cameco sits third with 4,754 of uranium output achieved last year.
Over half of uranium mine production is from state-owned mining companies, some of which prioritize secure supplies over market considerations.
In 2019, the top 10 companies by production contributed over 85% of the world’s uranium production.
The complete list of largest uranium producers is below.
Largest Uranium Producers in 2019. Source: Mines and Metals, based on WNA data.
|Company||Country||tonnes U||% of world|
NAC Kazatomprom JSC is the national operator of the Republic of Kazakhstan for the import and export of uranium, rare metals, nuclear fuel for nuclear power plants. Since 2009, Kazakhstan has been the world leader in natural uranium mining, and Kazatomprom has priority rights to the country’s extensive reserves.
National atomic company assets include the entire complex of Kazakh enterprises involved in the front-end of the nuclear fuel cycle – from geological exploration, uranium mining, and production of nuclear fuel cycle, through to scientific research and development of patented technologies.
Orano SA is a multinational nuclear fuel cycle company headquartered in Châtillon, Hauts-de-Seine, France. The company is engaged in uranium mining, conversion-enrichment, spent fuel recycling, nuclear logistics, dismantling, and nuclear cycle engineering activities. It was created in 2017 as a result of restructuring and recapitalizing of the nuclear conglomerate Areva. Orano is majority owned by the French state.
Cameco Corporation is the world’s second largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada.
Cameco is one of the largest global providers of the fuel needed to energize a clean-air world. Cameco’s tier-one operations have the licensed capacity to produce more than 53 million pounds (100% basis) of uranium concentrates annually, backed by 461 million pounds of proven and probable mineral reserves (attributable). The Company is also a leading supplier of uranium refining, conversion and fuel manufacturing services.
4. Uranium One.
Uranium One is an international mining company of ROSATOM, the Russian State Corporation for Nuclear Energy, and one of the world’s largest uranium producers with a diverse portfolio of assets worldwide, including in Kazakhstan, the United States, Tanzania, Namibia, etc.
Despite being owned by Russian ROSATOM, Uranium One is formally domiciled in Canada.
The China National Nuclear Corporation (CNNC) is a state-owned entity founded in 1955 in Beijing. CNNC oversees all aspects of China’s civilian and military nuclear programs. According to its own mission statement, it “is a main part of the national nuclear technology industry and a leading element of national strategic nuclear forces and nuclear energy development.” CNNC is a nationwide industrial conglomerate integrating science, technology, industry, and international trade.
China General Nuclear Power Group (CGN), formerly China Guangdong Nuclear Power Group, is a major state-owned nuclear energy corporation.
CGN has been sanctioned by the United States for attempting to acquire advanced U.S. nuclear technology to divert to military uses in China.
7. BHP Billiton.
BHP is a world-leading resources company. BHP extracts and process minerals, oil and gas, with more than 72,000 employees and contractors, primarily in Australia and the Americas. Global headquarters are in Melbourne, Australia.
BHP operates under a Dual Listed Company structure with two parent companies (BHP Group Limited and BHP Group Plc) operated as a single economic entity, which is being referred to as BHP.
JSC ARMZ (Atomredmetzoloto Uranium Holding Co., the Rosatom’s mining division) is the successor of the world’s largest uranium mining conglomerate build in the Soviet Union. The company manages Russian uranium mining assets, represented in the Trans-Baikal Territory (Priargunsky Industrial Mining and Chemical Union, PJSC), the Republic of Buryatia (JSC Khiagda), Kurgan region (JSC Dalur).
9. Navoi Mining.
Navoi Mining (English: State-Owned Enterprise Navoi Mining & Metallurgy Combine) is one of the largest Uzbek companies involved in the mining industry being among the top ten largest uranium and gold producers in the world. The most important ore deposits of the company are located in the Kyzyl Kum Desert.
10. Energy Asia.
Energy Asia (BVI) Limited is a consortium of Japanese power companies that hold interest in a number of uranium producing assets in Kazakhstan.
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