BAKU, Azerbaijan, August 2
By Nargiz Sadikhova - Trend:
The uranium production of Kazakhstan’s Kazatomptom amounted to 5,527 tons over 2Q2021 and 10,451 tons over 1H2021, which is 6 percent more than in 2Q2020 and almost is the same as in 1H2020, Trend reports citing the company.
Production on both a 100 percent and attributable basis was slightly higher in the second quarter of 2021 compared to the same period in 2020, due to the impact of COVID-19 in 2020 resulting in lower production. First-half production was similar year-over-year.
Uranium sales at both the Group (4,915 tons in 2Q2021 and 6,193 tons in 1H2021) and KAP (3,901 tons in 2Q2021 and 5,179 tons in 1H2021) levels increased significantly for both the quarter and half-year due to seasonality and differences in the timing of deliveries for 2020 and 2021.
The higher uranium spot price, which was 30.18 over 1H2021, had a positive impact on Kazatomprom’s average realized price compared to 2020.
“If spot prices remain higher than 2020 through to year-end, the trend of increasing average realized price is expected to continue, with the Company’s delivery schedule weighted to the second half of 2021,” the company said.
Kazatomprom is the world's largest producer of uranium, with the Company’s attributable production representing approximately 23 percent of global primary uranium production in 2020.
The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 26 deposits grouped into 14 mining assets.
All of the Company’s mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards.
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