Uranium

Uranium One makes profit

In 2015, uranium holding company of Rosatom Uranium One, owning foreign assets, was able to make the profit of $110 million. The company connects the growth of the profitability with new foreign contracts, and the production costs decreased to $12 per pound of natural uranium. The holding company got rid of unprofitable assets in the United States and Australia, but as the company, as the market recognize that one of the positive factors was the devaluation of the Kazakh tenge - the main assets of Uranium One with low prime cost are located in Kazakhstan.
In 2015, Uranium One (U1, manages the foreign uranium assets of Rosatom) increased its revenue by 37% to $740 million, the management accounting shows. The company connects this with the increase in the share of foreign revenues by 13% to $243 million. This was contributed by new contracts with foreign customers outside the contour of Rosatom, the holding company comments on to the Kommersant. EBITDA of U1 grew by 20% to $294 million, the net profit of the company was $110 million against the net loss of $284 million in 2014. In 2016, the company expects the EBITDA growth.

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Development of Dobrovolskoye deposit of uranium in Russia to start in 2025

Uranium mining enterprise of the state corporation Rosatom Dalur (Kurgan region) plans to begin exploration of the Dobrovolskoye deposit of uranium in 2017, and to launch it in 2025; during the uranium mining at the deposit the payments to the budget and off-budget funds will amount to about 30 billion rubles, the press centre of the uranium holding company Atomredmetzoloto reports.
Now Dalur develops the Dalmatovskoye (Dalmatovsky district) and Khokhlovskoye (Shumikhinsky district) deposits in the Kurgan region by environmentally friendly way of drillhole in situ leaching. The Dobrovolskoye deposit in the Zverinogolovsky district with reserves of 7067 tons is the third large uranium deposit in the region.

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In 2015, uranium production in the Kurgan region grew by 2%

In 2015, the Uranium production in the Kurgan region, according to preliminary results, increased by 2% to 590.1 tons, reports the press centre of the uranium mining company Dalur (holding company is Atomredmetzoloto).
"The production plan of Dalur in 2015 was 100.02% fulfilled. The plan for 2016 will amount to 591 tons of uranium. This requires the opening of new reserves, so the construction of 321 wells at the Khokhlovskoye and Dalmatovskoye deposits is planned. In 2015, 205 wells were built,"- the press centre informs.

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Uzbek NGMK to reduce expenses for development projects by 36% in 2016

Uzbek state company “Navoi Mining and Metallurgical plant” is about to invest $101.5 million for development projects in 2016, a spokesman for the company stated to RIA Novosti.
In 2015, NGMK finished implementation of projects, valued at $158 million in total. In particular, the plant has carried out technical re-equipment of the core production facilities (gold, uranium) of $57.7 million in value. Besides, there has been completed an expansion of the tail facilities of the refining capacities in Zarafshan, as well as the construction of a tailing pit in Uchkuduk. The total value of the projects made up $70.5 million.

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In 2015, Uzbek Navoi mining and metallurgical plant allocated $158 million for upgrade

In 2015, Uzbek Navoi mining and metallurgical plant has completed implementation of projects to the total amount of $158 million, a representative of the plant reports.
"The five projects, four of which provided for the modernization of existing production lines, and one - the construction of a new facility were scheduled to be performed this year, their construction was completed," - he said. In particular, the plant carried out technical re-equipment of the main production line for gold and uranium to the total amount of $57.7 million. The program provides for the replacement of mill blocks in grinding shops, modernization of gravity shops, replacement of units of sorption plants, thickeners.

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Russia:Access to subsoil becomes easier for investors

The Government has allowed Russian investors to conduct geological exploration and production at areas of federal importance till the completion of prospecting. Previously, companies had to wait for five years until prospecting licenses would expire, and ask for permission to develop from the Government. Market participants support the changes, hoping to benefit from projects earlier. The access to strategic areas for foreign investors is limited for a while, but the Ministry of Natural Resources plans to simplify it too.
On October 28, the Prime Minister Dmitry Medvedev signed a decree (published on Tuesday), according to which Russian companies are entitled to conduct geological exploration and production at areas of federal subsoil before the completion of geological study. According to the explanatory note, the decision removes the contradictions between regulations, which defined this order in different ways: the regulation, approved by the Government in September 2008 and Article 6 of the Federal Law "On Subsoil". The decree also introduces a mechanism for attributing subsoil users to Russian or foreign ones through submission of documents to Rosnedra and the FAS. Now companies, controlled by foreigners, can obtain access to strategic fields with the permission of the Government.

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In 2015, Kazakhstan plans to increase uranium production by 5.3% to 24 thousand tons

In 2015, Kazakhstan plans to increase the uranium mining by 5.3% to 24 thousand tons. This was reported by the country’s Deputy Minister of Energy Bakhytzhan Dzhaksaliyev at the 48th meeting of the CIS Electric Power Council.
"In 2015, we plan to produce 24 thousand tons (of uranium). This is with the increase by 5.3% against the previous year", - he said.
According to him, in the coming years, Kazakhstan will decide on the initial stage of the construction of its new nuclear power plants. Dzhaksaliyev noted that, according to calculations, the need for nuclear power plants in the country would occur by 2025. So now Kazakhstan "is not especially in a hurry and continues to work on the selection of a strategic partner". "I believe that in the next 2-3 years we will declare specifically about the site (of the construction) and a partner", - said the Deputy Minister.

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Kazakhstan is about to increase uranium production by 5.3% in 2015

In 2015 Kazakhstan is about to produce 24 thousand tons of uranium (+5.3% y-o-y), Vice Minister of Energy of Kazakhstan B.Dzhaksaliyev said.
Since 2009, Kazakhstan has been the world leader on uranium production.

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Uranium One admits increase in production 2 times to 10 thousand tons

In the next five years, Uranium One (U1) plans to increase the uranium production at highly enriched deposits in Kazakhstan by 18%, to 5.5 thousand tons, in spite of the persistence of low world prices for uranium. The growth is possible through the expansion of joint projects with Kazatomprom. Under favorable conditions, the production of the holding company as a whole can grow two times to 10 thousand tons of uranium per year after the launch of a mine in Tanzania, U1 predicts.
Uranium One (U1, a part of Rosatom, brings together the foreign uranium assets) plans to increase its production in Kazakhstan from the predicted 4.65 thousand tons (12 million pounds of nitrous oxide) in 2015 to 5.5 thousand tons (14.3 million pounds) in 2020. On Friday, director for resource development program of U1 Alexander Boitsov told this at the World Nuclear Association Symposium. In general, under favorable market conditions, the company may increase the uranium production to 10 thousand tons per year after the launch of the project in Tanzania, he said. The total relative production of U1 (including shares in the joint venture with Kazatomprom) was 10.4 million pounds of nitrous oxide in 2014 (about 4 thousand tons), and if licenses for disputed fields in Kazakhstan were taken into account - 12.6 million pounds (4.64 thousand tons). At the same time, the level of the production fell in relation to 2013, despite the reduction of the prime cost, to $14 per pound.

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Priargunskoye gas chemical production association intends to reduce its loss almost 2 times to 1.5-1.8 billion rubles in 2015

In 2015, Priargunskoye gas chemical production association (PPGKhO, the largest Russian uranium mining company) expects to reduce its net loss under RAS to 1.5-1.8 billion. This was reported by head of Atorredmetzoloto Vladimir Verkhovtsev during the World nuclear association symposium.
 

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