05 October 2011 | 13:31

KazAtomProm hopes to remain relatively intact through the forecasted downturn of the global uranium markets

ПОДЕЛИТЬСЯ

© commodityonline.com © commodityonline.com

KazAtomProm Nuclear Company hopes to remain intact through the forecasted downturn of the global uranium markets, Sergey Yashin, KazAtomProm Nuclear Company Vice Chairman of the Board, said speaking at the VI KAZENERGY international forum in Astana October 5, Novosti Kazakhstan reports. “Uranium markets are expected to face a certain downturn. However, Kazakhstan-based mines are among the most cost-effective. KazAtomProm is more flexible when planning its production process than some other companies relying on shaft mining. Beyond doubt, the Company will live through such a downturn in good condition”, Yashin said. According to him, “major consumers of Kazakhstan’s uranium stated following the Fukushima disaster that they would be sticking to their earlier plans for construction of nuclear power plants”. “There are no real alternatives to nuclear power. Thus, there is no risk of drastic downfall of the global demand for uranium. Consequently, the Company’s plans related to uranium exports will not undergo substantial changes (…) KazAtomProm will retain its economic positions. To secure greater stability, it is imperative to diversify uranium export markets”, he said. 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.


Иконка комментария блок соц сети
KazAtomProm Nuclear Company hopes to remain intact through the forecasted downturn of the global uranium markets, Sergey Yashin, KazAtomProm Nuclear Company Vice Chairman of the Board, said speaking at the VI KAZENERGY international forum in Astana October 5, Novosti Kazakhstan reports. “Uranium markets are expected to face a certain downturn. However, Kazakhstan-based mines are among the most cost-effective. KazAtomProm is more flexible when planning its production process than some other companies relying on shaft mining. Beyond doubt, the Company will live through such a downturn in good condition”, Yashin said. According to him, “major consumers of Kazakhstan’s uranium stated following the Fukushima disaster that they would be sticking to their earlier plans for construction of nuclear power plants”. “There are no real alternatives to nuclear power. Thus, there is no risk of drastic downfall of the global demand for uranium. Consequently, the Company’s plans related to uranium exports will not undergo substantial changes (…) KazAtomProm will retain its economic positions. To secure greater stability, it is imperative to diversify uranium export markets”, he said. 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.
Читайте также
Join Telegram
Dollar rose by 3 tenge in Kazakhstan
The most trendy gifts for 2024 Holidays
Strike in Zhanaozen: New details emerge
Volcanic eruption has begun in Iceland
Bitcoin reaches all-time high again
Sirens sounded across Kazakhstan
Kazhydromet warns Almaty and Shymkent
Kazakhstanis advised to leave Ukraine
Sirens to sound throughout Kazakhstan
COVID-19 may shrink cancer tumors
Earthquake struck Kyrgyzstan overnight
Лого TengriSport мобильная Лого TengriLife мобильная Иконка меню мобильная
Иконка закрытия мобильного меню

Exchange Rates

 498.68   522.66   4.79 

 

Weather

 

Редакция Advertising
Социальные сети