Kazatomprom boosts uranium production 6%, cuts sales 18% in H1

ASTANA. Aug 1 (Interfax) – Kazatomprom (KAP) boosted uranium production 6% year-on-year in H1 2024 to 10,857 tonnes, Kazakhstan’s national nuclear company said in a press release.

Production on an attributable basis rose 7% to 5,797 tonnes.

"Production, both on a 100% and attributable basis, was slightly higher in the second quarter and the first half of 2024 compared to the same periods in 2023. This increase is due to modest adjustments in the annual and Q2 2024 production plans, driven by higher Subsoil Use Agreement requirements. The rise in production volume also results from resuming 2023 drilling work and the Company’s efforts to catch up on production rates. Additionally, the Company has secured the necessary volumes of sulfuric acid for 2024 production, even with a 20% reduction compared to Subsoil Use Agreements," according to the press release.

However, Kazatomprom and its subsidiaries saw an 18% decrease in sales in the first […]

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