Uranium production will resume by the end of next year at the Honeymoon uranium mine in northeast South Australia, the owner has said.
Boss Energy announced it had signed off on a AUD113m (USD82m, €76m) upgrade of the mine near Broken Hill, after previous plans to revive the mine were shelved in 2013 because of low uranium prices and high production costs.
Production at the mine, which has been has been mothballed since 2013, is expected to begin by December next year, with the mine forecast to produce 2.5 million pounds of uranium per year by 2026.
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