Mid- and long-term contracts have given the Kazakh uranium producer the confidence to increase its uranium production in 2024 by 2000-3000 tU above expected 2023 levels, it said in its mid-year financial update. Although its primary shipping route via St Petersburg has so far remained available, the company intends to use an alternative route via the Caspian Sea later this year.
Uranium & Fuel 19 August 2022
An addendum to an existing Subsoil Use Contract signed by the Kazakh-French joint venture and the Kazakh Ministry of Energy means the industrial development of the South Tortkuduk parcel of the Muyunkum uranium deposit can go ahead. Production is expected to begin in 18 months.
Uranium & Fuel 19 August 2022
JSC Kazatomprom has not experienced any issues or restrictions affecting the supply of its products to customers around the world, but is working to reinforce its alternative Caspian Sea route, the company said in its quarterly update. Uranium production was down year-on-year but its 2022 guidance remains unchanged.
Uranium & Fuel 01 August 2022