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…
Ukraine intends to increase uranium ore processing to 1501 tons in 2018, to 2480 in 2019 and in 2020 each. This year the uranium concentrate output is expected to increase by 21.4% YoY, to 1.2 thousand tons. Thus, the Ministry of energy and coal industry 2020 forecast of uranium concentrate production exceeds the 2016 results…
The acting chairman of the State Service of geology and soil Nikolai Boyarkin has signed 4 orders to allow the Nuclear Energy Systems of Ukraine LLC to prospect and mine uranium in Nikolaev and Dniepropetrovsk regions. In February 2016 the company addressed the service to provide allowances to operate on 5 uranium ore deposits for…
Kazakhstan, which is the biggest uranium producer in the world, plans to decrease uranium production by 8%, or by 2,000 tons in 2017 (about 3% of total global output), Kazakh State Wealth Fund Samruk-Kazyna said in a report. The output will be reduced due to weak market conditions triggered mostly by a global oversupply. In…
Kazakhstan plans to reduce uranium production by 10% in 2017, Kazakhstan’s National Atomic Company Kazatomprom said in a message. This decision was made considering current oversupply on the uranium market. The target uranium production for 2017 will be reduced by 2,000 tons, which is 3% of the total global uranium production, according to 2015 UxC…
The production plan for 2016 at Dalur has been 100% fulfilled. By the end of the year the company plans to have mined 591 tons of uranium, on the 2015 level. “Next year we plan to start working at the Dobrovolskoye deposits in Kurgan region. Machinery to mine scandium is being assembled at our Central…