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Kazakhstan to increase uranium production by 5%

19 December 2019 17:18
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Kazakhstan to increase uranium production by 5%

NUR-SULTAN. KAZINFORM Uranium mining is forecast to grow by 5% in Kazakhstan in 2019, Vice Minister of Energy of Kazakhstan Asset Magauov told the press conference at the Central Communications Service.

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«Uranium production will hit this year some 22,742 tonnes. Kazakhstan keeps the lead in the global market of natural uranium and produces almost 40% of the world output. At the same time, the world uranium market observes an unfavorable pricing environment. Accordingly, Kazakhstan realizes production-oriented and value-added selling projects. The Ulba metallurgical plant realizes a project to produce fuel rod arrays for nuclear plants. The capacity of the plant will hit 200 uranium fuel assemblies a year,» he added.

The cost of project is KZT 49 bln. Construction will complete in 2020.


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