Kazakh National Atomic Company to increase capital expenditures by 2.7 times in 2012
Azerbaijan, Baku, Feb. 24 / Trend E. Kosolapova/
Kazakh National Atomic Company Kazatomprom plans to increase capital expenditures by 2.7 times in 2012, company's head Vladimir Shkolnik told journalists in Almaty, Novosti-Kazakhstan reported.
According to Shkolnik, company capital expenditures are planned at 80 billion tenge ($541 million) in 2012.
Company capital expenditures hit roughly 30 billion tenge ($203 million) in 2011.
Kazatomprom is Kazakh national operator for import and export of uranium, rare metals, nuclear fuel for power plants, special equipment and dual-purpose materials. A total of 100 percent of the Company's stock is held by the Government under the National Welfare Fund Samruk-Kazyna. Kazatomprom is the world's leading uranium producer.
Kazatomprom, including shares in subsidiaries and affiliates companies, produced 11,079 tons of uranium or 20 percent of world production in 2011.