Kazatomprom slashes 2020 uranium guidance
Kazakhstan’s uranium major, Kazatomprom, on Tuesday announced that its uranium production volumes would decrease by about 4 000 t, owing to measures imposed to combat Covid-19.
The previous guidance for 2020 was 22 750 t to 22 800 t, on a 100% basis.
The reduced production level should not impact on Kazatomprom’s 2020 sales obligations, CEO Galymzhan Pirmatov said, noting that its full contractual requirements to the nuclear industry would be met.
“Measures imposed by the government of Kazakhstan, including restrictions on the movement of people and strict hygiene directives, are now covering all regions where Kazatomprom operates and have been enforced at all of our sites and offices,” he said.
In order to abide by local lockdown requirements and reduce the risk of a localised outbreak, all Kazatomprom’s subsidiaries are reducing the number of staff on site to minimum possible levels.
All nonessential staff will return home with full pay, while those remaining on site will operate within strict physical distancing and hygiene practices.
“We are now working with our joint venture partners on assessing the full impact and detailed implementation of this decision across all of Kazakhstan's uranium mines, and we appreciate their support during these challenging times.”
These measures are expected to remain in place for three months, resulting in a lower level of wellfield development activity and, as a consequence, a reduction in production volumes.
Kazatomprom would provide an updated 2020 guidance for attributable production, revenue, capital expenditure and costs on May 4.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
