Kazakh Kazatomprom to reduce the cost of uranium production

Oil&Gas Materials 6 December 2011 14:22 (UTC +04:00)

Kazakhstan, Astana, Dec. 6 / Trend K. Konyrova/

Kazakhstan's Kazatomprom presented a project of scientific and technical developments "Creating, testing and application and innovation into Kazakhstan's nuclear power industry" which will significantly reduce the cost of uranium production, Kazatomprom reported on Tuesday.

The projects are aimed at energy and resources saving.

The project was presented at the exhibition within "Innovation Kazakhstan - a look into the future after 20 years of independence" forum attended by Kazakh President Nursultan Nazarbayev.

"The company has launched introduction of scientific and technological developments in enterprises of the holding," Kazatomporm Chairman of the Board Vladimir Shkolnik said during the presentation of the project.

The project includes innovative developments on optimization and improvement of methods and equipment of in-situ leaching technology at mining enterprises of Kazatomprom.

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. The company employs over 25,000 people.

Kazakhstan holds the position of top uranium producer since 2010, leaving behind the greatest world uranium producers French Areva and Canadian Cameco.

Edited by E. Kosolapova