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Kazakhstan increases uranium mining by 5%

Kazakhstan increases uranium mining by 5%

The volume of uranium mining in Kazakhstan during ten months of this year increased by 5% and amounted to 18.7 thousand tonnes, Kazakhstan’s Energy Ministry said on 11 November.
“The volume of uranium mining amounted to about 18.7 thousand tonnes with an increase of 5% compared to the same period in 2018,” the ministry said.

According to ministry, uranium production in Kazakhstan in January-October 2018 reached 17.8 thousand tonnes.

The national company Kazatomprom in 2019 plans to produce 22.75-22.8 thousand tonnes of uranium. The production level in proportion to the share of Kazatomprom in other companies in 2019 will be 13-13.5 thousand tonnes, taking into account the announced plans to reduce production by 20%.

Kazatomprom is the national operator of Kazakhstan for the export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants and special equipment. The Samruk-Kazyna State Fund owns 81.2% of Kazatomprom shares, 18.8% is freely traded on the Astana International Financial Center (AIX) and the London Stock Exchange (LSE).
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