Bureau of Mines / Minerals yearbook: Metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)
Woodmansee, Walter C.
Uranium, pp. 1261-1285 ff. PDF (2.8 MB)
Reserve 273 Potential 450 MINERALS YEARBOOK, 19721262 a satisfactory rate and that major new investments in exploration and development would be necessary to supply projected demand. Orders for nuclear powerplants were higher compared with 1971, although delays continued in licensing and construction. The ABC made plans for expediting the licensing procedure by enlarging its regulatory staff and streamlining licensing procedures.2 During 1972, seven nuclear powerplants were licensed for full-power operation, two for partial power operation, and eight for construction starts. Nuclear power development plans were prevalent worldwide, particularly (outside the United States) in Western Europe, Japan, and the U.SS.R. Also, many develop. ing nations had programs for nuclear power. New uranium mines in Australia, Niger, and the Territory of South-West Africa were under development to supply a growing number of international contracts for U3O8. Exploration.—Footage in exploration and development drilling, reported to the ABC by 84 companies, was at a rate similar to that of 1971. The trend continued toward deeper exploration drilling. About 32% of this activity was in areas more than 50 miles from existing production centers. Principal exploration was in Wyoming (43%), New Mexico (23%), and Texas (22%). Salient data for 1972 were as follows: 3 Land held, yearend million'acres - - - 5.6 Expenditures: Land acquisition million dollars~. 4.7 Drilling (surface): Exploration Development Other do 15.4 do 2.7 do 9.6 Total 32.4 The industry held 17.7 million acres at yearend 1972 (19 million, acres in 1971) and planned drilling programs of 18.5 million feet ($35.5 million) in 1973 and 20.3 million feet ($38.2 million) in 1974. Table 2.—Surface drilling for uranium 1971 1972 Type of drilling: 1 Exploration million feeL - 11,400 11,815 Development do - - 4,052 3,609 Total 15,452 15,424 Number of holes: Exploration 28,416 26,909 Development 10,440 9,706 Total 38,856 36,615 Average depth per hole: Exploration feet_ 401 439 Development do - 388 371 1 Does not include claim validation drilling or underground long-hole and diamond drilling. Source: U.S. Atomic Energy Commission. Table 3.—Domestic uranium resources in 19721 (Thousand tons U30,) $82 $102 $152 337 520 700 1,000 ' At yearend. 2 Cutoff cost; higher cost resource includes that at lower cost. Source: U.S. Atomic Energy Commission. Reported significant uranium discoveries during the year included those of Western Nuclear -Corp. in the Ruby Wells area, McKinley County, N. Mex., and Atlas Corp. in the Sage Plains, near Moab, Utah. A joint venture involving Ranchers Exploration and Development Corp., Occidental Minerals Corp., and Frontier Mining Corp. planned a 2-year exploration and development program in northwest New Mexico. Reserves and Resources.—Domestic uranium reserves at $8 per pound U5O8 remained unchanged at yearend 1972, additions being approximately equal to depletion -by production during the year. Reserves at $10 per pound U3O8 increased by 2U.5. Atomic Energy Commission. 1972 Annual Report to Congress, Regulatory Activities. Janu. ary 1973, 54 pp. 3U.S. Atomic Energy Commission, Grand Junction, Cob. Uranium Exploration Expenditures in 1972 and Plans for 1973-74. GJO—l03(73), May 1973, 8 pp.
http://rightsstatements.org/vocab/NoC-US/1.0/| As a work of the United States government, this material is in the public domain.| For information on re-use see: http://digital.library.wisc.edu/1711.dl/Copyright