Related Topic: Kazakhstan

Ortalyk stake sale agreement signed

Ortalyk stake sale agreement signed

Kazatomprom has announced the signing of a sale and purchase agreement for the sale of a 49% share of Ortalyk LLP to a subsidiary of China General Nuclear Power Corporation, subject to conditions and governmental approvals.

Corporate 26 April 2021


Kazatomprom put health before profit during pandemic, says Pirmatov

Kazatomprom put health before profit during pandemic, says Pirmatov

The pandemic has shown the resilience of the nuclear industry to act responsibly, both as a supplier of energy and as an employer, the head of the world's biggest uranium producer said today. In his address to delegates at the World Nuclear Fuel Cycle forum, Kazatomprom CEO Galymzhan Pirmatov said the wellbeing of the company's 20,000 employees was his first priority.

Corporate 14 April 2021


Kazatomprom uranium output falls 15% on year

Kazatomprom uranium output falls 15% on year

Kaztomprom has issued preliminary 2020 production figures of 19,477 tU (on a 100% basis), which is 15% down on its 2019 output of 22,808 tU. Production volumes for the fourth quarter and for 2020 were significantly lower, related to the expected impact of the pandemic and the company’s decreased wellfield development activity, as well as lower staff levels in April-July 2020. Guidance for 2021 is 22,500-22,800 tU (100% basis).

Uranium & Fuel 02 February 2021


CGN to take stake in Kazakh U mining company

CGN to take stake in Kazakh U mining company

China General Nuclear is expected to acquire a 49% stake in Ortalyk LLP, a wholly-owned subsidiary of Kazakh uranium producer Kazatomprom, by mid-2021. The transfer of the stake was part of cooperation agreements signed between CGN and Kazatomprom in 2014, 2015 and 2016.

Corporate 05 January 2021


Project to downblend Kazakh HEU fuel completed

Project to downblend Kazakh HEU fuel completed

A project to remove the last remaining batch of unirradiated highly enriched uranium fuel from Kazakhstan has been completed in a joint effort by Kazakhstan and the USA, the US Department of Energy's National Nuclear Security Administration has announced. The two nations have also signed a new joint statement reaffirming their intention to continue to work together to support the common goal of minimising nuclear proliferation, ensuring nuclear security and strengthening the nuclear non-proliferation regime.
 

Regulation & Safety 24 September 2020


Pirmatov highlights shifting market sentiment

Pirmatov highlights shifting market sentiment

Kazatomprom CEO Galymzhan Pirmatov highlighted changing sentiment in the uranium market when announcing the Kazakh uranium producer's half-yearly financial results yesterday. The impact of reductions in Kazatomprom's operations due to COVID-19 measures will not be seen until the second-half of this year, he said, and the company expects its inventory levels to fall below its target of six to seven months of annual attributable production in 2020 and 2021.

Uranium & Fuel 28 August 2020


Kazatomprom extends uranium production cuts into 2022

Kazatomprom extends uranium production cuts into 2022

Kazakhstan's JSC National Atomic Company Kazatomprom says it will continue to "flex down" production by 20% through 2022. The company is also maintaining its 20% reduction in 2021, with no additional production planned to replace volumes lost in 2020 due to the measures taken to combat COVID-19.

Uranium & Fuel 19 August 2020


Kazatomprom uranium miners set to return to work

Kazatomprom uranium miners set to return to work

Kazakhstan's JSC National Atomic Company Kazatomprom plans to return staffing levels at its uranium mines to normal by around the end of this month. The number of employees at the mine sites was reduced between April and July in response to the COVID-19 pandemic.

Uranium & Fuel 04 August 2020


Kazatomprom extends reduced operations

Kazatomprom extends reduced operations

JSC National Atomic Company Kazatomprom has today announced it is extending for one month its reduction in operations due to COVID-19. Kazakhstan's government last week announced a second two-week lockdown after a national surge in coronavirus cases followed the lifting of an earlier lockdown.

Uranium & Fuel 06 July 2020


Producers announce pre-COVID uranium output

Producers announce pre-COVID uranium output

Production figures issued by Cameco and Kazatomprom for the first quarter of 2020 show a slight decrease on the same period last year, while those announced by the US Energy Information Administration show an 86% year-on-year fall from US facilities. This follows a year when US uranium production was the lowest on record.

Uranium & Fuel 04 May 2020