Kazakh President receives Kazatomprom CEO

Head of State Nursultan Nazarbayev had today a meeting with Chairman of the Management Board of National Atomic Company Kazatomprom JSC Galymzhan Pirmatov, Kazinform has learned from the press service of Akorda. The President underlined that Kazatomprom is one of the largest national companies in Kazakhstan and holds leading positions in the world nuclear industry. …

America’s National Security Is Undermined by Reliance on Foreign Uranium

Nuclear power generation provides about 11 percent of the world’s electricity from approximately 450 nuclear reactors. The United States is far and away the world’s largest producer of nuclear power, accounting for more than 30 percent of worldwide nuclear generation of electricity. The United States has 99 nuclear reactors, which produced 805 billion kilowatt hours (kWh) in …

Uranium Weekly Update from our friends at Cormark

Sector News – WNA Highlights, Denison Takes on Larger Stake of Wheeler River The World Nuclear Association (WNA) symposium took place in London last week. Some of the highlights from Cormark’s time on the ground include: We believe Kazatomprom is fully on board with the Cameco-led production curtailments to generate a longer-term rebound in the uranium markets, particularly …

Uranium supply crunch may be just around the corner

Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …

Initial public ordering of Kazakhtelecom, Air Astana and Kazatomprom will be done by year end

CEO Samruk-Kazyna welfare fund Akhmetzjan Yesimov briefed the President of Kazakhstan Nursultan Nazarbayev on the results the fund’s activities in the first 7 months of the current year and plans for the forthcoming period. The main indicators for the first half of the year are positive. 18 assets worth KZT 42 billion ($117 million) were …

Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …