In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million. The corrected net profits totaled $21.1 million, up 7.5-fold YoY. Uranium output dropped to 1110 tons. Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)
The reduction of uranium mining in Kazakhstan facilitated price increase for the metal, the country’s Energy Minister Kanat Bozumbayev said at a government hour in Majilis. “Today, there is an increase in supply on the world uranium market. This trend arose after the Fukushima incident in 2011 and it continues. Last year, the price of…
In January-March Kazakhstan mined 5.3 thousand tons of uranium. “This is down by 13% YoY, and is 24% of the annual target”, the energy minister Kanat Bozumbayev declared. In January Kazatomprom announced the decrease in 2017 uranium output by 10%. “The decrease will exceed 2 thousand tons of uranium of the planned target for 2017.…
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…