Tag Archives: uranium

Kazakhstan: Kazatomprom and Jordan Uranium Mining Company to develop joint uranium mining projects

During the official visit of President of the Republic of Kazakhstan Kassym-Jomart Tokayev to Jordan, Kazatomprom and Jordan Uranium Mining Company (JUMCO) signed a memorandum of understanding and cooperation “Partnership with JUMCO opens new avenues for international cooperation and strengthens Kazakhstan’s position in the global uranium industry, supporting our strategic goals to expand and efficiently…

Kazakhstan: Kazatomprom uranium output up in 2024

In 2024 Kazatomprom produced 23.27 thousand tons of uranium, up by 10% YoY. Sales decreased by 8%, to 16.67 thousand tons. Average price of Kazatomprom’s uranium grew by 27%, to $69.72 per pound. This year Kazatomprom intends to produce 25-26 thousand tons of uranium. (Ukrainian metal)

Kazakhstan: Kazatomprom suspends uranium mining at Inkay with Cameco

Since January 1 Kazatomprom has suspended joint mining of uranium with Cameco at the Inkay deposit. According to Kazatomprom, the joint venture Inkay has not been allowed to mine uranium because of the delay with submission of the necessary documents. The company expects the joint venture to present the documents to the Ministry of Energy…

Uzbekistan: geologists unearth additional uranium resources

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…

Kazakhstan: uranium prices to rise again

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…

Kazakhstan: 11 thousand tons of uranium produced in H1 2024

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: uranium extracted at 13 deposits

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…

Kazakhstan: Kazatomprom uranium output up in H1 2024

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)