Kazatomprom annual output to drop by up to 4,000 tonnes

MINEX Forum | April 8, 2020
img0 Kazakhstan- based uranium producer Kazatomprom said on Tuesday it expects its annual uranium production volume to fall by up to 4,000 tonnes in 2020. Previous expectations were between 22,750 and 22,800 tonnes. CEO Galymzhan Pirmatov said the company would fully meet its contractual requirements with customers and that subsidiaries are reducing staff on-site as local restrictions concerning the coronavirus ...

Geology Committee, Orano Mining set up JV in uranium mining

MINEX Forum | December 6, 2019
img0 The joint venture Nurlikum Mining, set up by the French company Orano Mining and the State Committee on Geology and Mineral Resources (GeolCom) of Uzbekistan, will have the annual capacity to produce 1,500 tons of concentrated uranium oxide (U3O8), GeolCom said on Wednesday. In September, Orano and Goskomgeologiya signed an agreement on the establishment of ...

Trump weighs limits on uranium imports after Commerce Department cites security risk

MINEX Forum | June 21, 2019
img0 The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. THE U.S. URANIUM INDUSTRY PRODUCED ROUGHLY 700,000 POUNDS IN 2018 Among the trade remedies recommended is to require ...

Cameco Vs. Kazatomprom

MINEX Forum | May 14, 2019
img0 Summary They are the two largest uranium producers in the world, and I see them as a leveraged bet on the recovery of the uranium price. Kazatomprom looks better in 2019, but Section 232 in the USA matters a lot. Cameco would be the main beneficiary from a quota on US uranium production. Introduction Cameco ...