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KazAtomProm announces its 2012 capital expenditures figure

24 february 2012, 13:22
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KazAtomProm National Nuclear Company estimates its 2012 capital expenditures at $540 million, Newskaz.ru reports, citing the Company’s Head Vladimir Shkolnik as saying at a press-conference in Almaty February 24.
According to him, the 2011 figure stood at $202.7 million.

Earlier Tengrinews.kz reported February 3, 2012 that KazAtomProm National Nuclear Company plans to inject over $20 million to finance geological exploration operations in 2012-2015.

According to Vladimir Shkolnik, in 2011 the Company produced a total of 19 450 tons of uranium, 9% up against 2010. Plans are there to increase the figure to 25 000 tons a year by 2015.
Estimated net profit of KazAtomProm in 2011 made up $523.6 million.

In 2009 the uranium production output grew from 8521 in 2008 to 14 020, enabling Kazakhstan to become the global leader in terms of production.

KazAtomProm is Kazakhstan's major exporter of uranium and its compounds, rare metals, nuclear fuel for nuclear power stations, special equipment, technologies and dual-usage materials.

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