On April 10, AREVA and Kazatomprom signed a major agreement to strengthen their long-standing cooperation in the uranium mining sector in Kazakhstan, Kazatomprom informs on its website. The official signing ceremony took place in Astana in the presence of the Minister of Energy of the Republic of Kazakhstan Kanat Bozumbayev and the Chairman of the…
The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…
One third of uranium supplied to South Korea is imported from Kazakhstan, according to Ambassador Extraordinary and Plenipotentiary of Kazakhstan to South Korea Dulat Bakishev. “30% of uranium supplied to South Korea is imported from Kazakhstan,” the Ambassador noted. The volume of commodity turnover between Kazakhstan and South Korea in 2016 comprised $676 million ($223…
The International Atomic Energy Agency (IAEA)’s Coordination Group for Uranium Legacy Sites (CGULS) has visited northern Tajikistan this month to assist with preparations for remediation of uranium legacy sites. According to the IAEA’s website, the objective of remediation is to reduce the risks to the public and the environment arising from radiation of residual contamination…
In 2017 the Ministry of energy and coal industry expects the uranium concentrate output to increase by 21.5% YoY, or by 215.9 tons, to 1.221 thousand tons. According to the ministry statement, the forecast for 2018 is 1.501 thousand tons (up by 22.9% YoY), for 2019 – 2.48 thousand tons (up by 65.2%), and for…
In 2016 the Priagrunskoye manufacturing mining and chemical enterprise (PPGHO) increased net profits to 14.3 million rubles. According to the company CEO Sergey Shurygin, in 2016 it produced 1873 tons of uranium concentrate and mined 3027 thousand tons of coal. In 2013 the company losses totaled 3.5 billion rubles. In 2017 PPGHO plans to put…
Iran plans to buy 950 tons of uranium concentrate from Kazakhstan. The delivery is scheduled in two batches – 650 tons by installments during the first two years of cooperation and 300 tons in the final year. The processed uranium will be returned to Kazakhstan. If the deal is struck, Iran will become an important…
In 2016 Atomredmetzoloto received 18.1 billion rubles of revenue, up by 4% YoY, with EBITDA up by 35%, to 4.3 billion rubles, and net profit up by 44%, to 3.7 billion rubles. “2016 was a difficult year for the uranium industry. Still we were able to improve our key financial indexes and showed the net…