Kazakhstan rss

KazAtomProm outlines move to trading

Uranium and Fuel

28 April 2017

KazAtomProm's newly created trading subsidiary TH Kazakatom will bring much needed liquidity to the uranium spot market, its chief commercial director Riaz Rizvi has told the World Nuclear Fuel Cycle conference in Toronto, Canada. Rizvi said that, as part of KazAtomProm's ongoing Transformation Program, it had established a trading office in Switzerland to buy and sell uranium on the spot market.

Chinese transit assured for LEU Bank

Uranium and Fuel

12 April 2017

China_IAEA_LEU_Bank_agreement_(CAEA)-48China has signed an agreement under which it will ensure the safe and secure transit of low-enriched uranium (LEU) and equipment through its territory to and from the International Atomic Energy Agency (IAEA) LEU Bank, which is being established in neighbouring Kazakhstan.

IAEA notes progress with Kazakh research reactor safety

Regulation and Safety

10 March 2017

Alatau research  reactor - 48Kazakhstan's Institute of Nuclear Physics has implemented "significant" modifications and upgrades to improve the safety of its research reactor, an IAEA Integrated Nuclear Safety Assessment of Research Reactors mission has concluded. The IAEA team reviewed the comprehensive safety programs at the light water reactor called WWR-K, including improvements to reactor safety systems and to the training and qualification program for staff.

KazAtomProm sees no negative impact from WEC

Corporate

26 April 2017

Kazakh uranium producer KazAtomProm said today that the "reorganisation" of Westinghouse Electric Company will have no negative impact on its financial performance. Westinghouse's shares are split between Toshiba (87%), KazAtomProm (10%) and IHI Corporation (3%).

Areva and KazAtomProm extend uranium cooperation

Uranium and Fuel

10 April 2017

KazAtomProm-Areva_agreement_(KazAtomProm)-48Areva and KazAtomProm have today signed a new strategic agreement to strengthen their cooperation in Kazakhstan's uranium mining sector. The agreement opens new opportunities to develop and enhance their long-standing Katco joint venture.

Oversupply prompts Kazakh uranium production cut

Uranium and Fuel

10 January 2017

Kazatomprom_uranium_(Kazatomprom)_48Kazakhstan plans to produce 10% less uranium in 2017 than previously planned in response to ongoing oversupply in the uranium market, Kazatomprom chairman Askar Zhumagaliyev announced today.