A treasure trove of uranium has been unearthed thanks to the Navoiuran state enterprise’s geological expedition in various parts of Uzbekistan. The deposits were found in the nation’s Shafirkon district of Bukhara region, Farish district of Jizzakh region, Kyzyltepa and Khatyrchi districts of Navoi region, Mubarek and Kasan districts of Kashkadarya region, the city of…
Despite the decline since February, Financial giant Citi maintains an optimistic outlook for the uranium market, expecting prices for the resource to rise significantly. The company estimates that the price of uranium will reach $98/lb until the end of 2024, and could increase to $110/lb in 2025. This is forecast against the backdrop of growing…
Head of State Kassym-Jomart Tokayev held a meeting with Chief Executive Officer of Kazatomprom Meirzhan Yussupov. During the meeting, Tokayev was briefed about the outcomes of the company’s activity in the first half of the year. According to Yussupov, uranium production and sales stood at 11 and 8 thousand tons, respectively, in the reporting period.…
Kazakhstan is one of the largest exporters of uranium in the world. NAC Kazatomprom JSC extracts uranium at 26 sites of 13 deposits in the Turkistan, Kyzylorda and North Kazakhstan regions. All of them are polygons where many wells are installed and uranium is leached from underground. The company itself is constantly looking for new…
In January-June, Kazatomprom increased uranium output by 6% YoY, to 10.8 thousand tons. Sales decreased by 18%, to 7.7 thousand tons. Average price grew by 41%, to $66.22 per pound. (Ukrainian metal)
As part of the state subsoil geological survey program, Kazatomprom conducted geological studies at the Vostochny block of the Zhalpak deposit (East Zhalpak block) in Turkestan region using its own funds, which resulted in the discovery of P1 and P2 uranium resources, the press service of Kazatomprom reported. According to preliminary estimates, inferred resources amount…
President of Kyrgyzstan Sadyr Japarov signed the Law “On Amendments to Certain Legislative Acts (the Code of Offences, the Law “On Subsoil”) and invalidating the Law “On Prohibition of Activities Related to the Geological Survey of Subsoil for the Purpose of Search, Exploration and Development of Uranium, Thorium Deposits in the Kyrgyz Republic”. The document…
Kazatomprom has signed a new contract on subsoil use, which presupposes uranium extraction at the site No. 3 of the Inkai deposit. The contract was concluded in June as a result of direct negotiations with the Ministry of Energy. Within 4 years, 701 tons of uranium will be extracted. Inkai is one of key uranium…
