Kazakhstan to raise uranium output by 10% y/y this year.

By bne IntelliNews February 2, 2011
Kazakhstan plans to raise uranium output by 10% y/y to 19,600 tones this year, Vladimir Shkolnik, head of national uranium producer Kazatomprom has stated. He added that Kazatomprom would contribute 11,000 tones to the projected value. This would allow Kazakhstan to strengthen its position as the world leader in uranium production. Shkolnik also informed that Kazatomprom increased its uranium oxide sales by 33% to 9,000 tones in 2010. Net profit of the company is expected to reach KZT 53.6bn (USD 364mn) in 2010. The company and its affiliates will have to pay KZT 69bn in taxes for last year and expect taxes to amount to KZT 80bn this year.

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