Examine the economic impact and processes involved in marketing uranium.
Indicators for this outcome
(a) Describe Canada’s role in the global uranium marketplace.
(b) Assess economic considerations in prospecting and developing uranium deposits.
(c) Discuss the positive and negative economic and social impacts of the uranium industry on communities, families and individuals.
(d) Describe the effect of a uranium mine on a specific Saskatchewan community.
(e) Assess community views on the impact (e.g., social, economic and environmental) of the uranium industry on families and local communities.
(f) Explore how the political stability of Canada attracts investors to the uranium industry.
(g) Describe how demand drives mining decisions (e.g., Cigar Lake ore value per ton and the selling price of uranium oxide).
(h) Summarize the connection of the uranium industry to other support industries.
(i) Investigate the economics of the uranium industry in Saskatchewan in terms of capital investment, cost of production, profit/loss, infrastructure, location of company headquarters, government intervention and regulations.
(j) Analyze the factors which influence uranium prices such as product supply and demand, societal and environmental policies, importing and exporting countries, world events (e.g., natural disaster and war) and economic conditions.
(k) Investigate Canada’s trade agreements with respect to the amount of uranium being traded, the impact on uranium corporations and supply management.
(l) Summarize how the uranium industry supports other industries and how other industries support the uranium sector.
(m) Research the dynamic relationship that Canada has with import and export countries to meet international uranium requirements.
(n) Describe how the uranium industry has a significant impact on local communities and provincial and national governments through resource and personal taxes, labour force and royalties.
(o) Explore how uranium companies work with communities and businesses, including Indigenous, to build meaningful relationships that impact the local economy.
(p) Explore how government incentives can change based on a booming or down turning market.
(q) Compare the cost of production of uranium in Saskatchewan to the cost in other parts of Canada and the world.
(r) Analyse the impact of world events (e.g., war, major disaster and economic recession) on the uranium market and local economy.
Loading...