Press Release: Kazakhstan Has Mined 9.4% of The World Uranium

10.05.2005

According to respective industry news source on the nuclear fuel cycle – UX Weekly (by the UX Consulting Co, USA) – the Republic of Kazakhstan stepped up the third uranium producer in the World (9.4%), following Canada (29.2%) and Australia (22.6%).

Kazakhstan has produced 3,719 metric tons of uranium including Kazatomprom (3636mtu) own output and minor quantities of its joint ventures and Stepnogorsk Mill managed by Kazatomprom.

Consolidated revenue-sales Kazatomprom in 2004 amounted to 42,664,254 thousand Kazakh Tenge (1USD=131,61 KZT), 45% increase over 2003, with the following break down of major income items:

44%    (18,818 mln tenge) –  nuclear fuel cycle products and services

4%      (1,732 mln tenge) –    beryllium products

7%      (2,806 mln tenge) –    tantalum-niobium products, hydrofluoric acid

20%    (8,633 mln tenge) –    electricity generation and supply

2%      (918 mln tenge) –       heat supply

2%      (985 mln tenge) –       water supply.

Consolidated net income of Kazatomprom in 2004 amounted to 2,648 mln tenge including internal turnover.

National Company Kazatomprom – Kazakhstan’s exclusive import and export agent for uranium and other materials of dual use – today is a group of adjacent companies of total staff of 19,000 employees involved in uranium geology and mining, metals processing, energy generation and supply, professional training, research and development, and social development.

This year (2005) Kazatomprom targets slightly above 4 thousand metric tons of uranium production, and gradual increase up to 15 thousand tons per annum from year 2010.


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