Kazakhstan boosts Jan-Sept uranium output 11 pct

Nov 10. Reuters. ALMATY

Kazakhstan boosts Jan-Sept uranium output 11 pctKazakhstan, the world’s largest uranium miner, boosted production of the metal by 11 percent year-on-year to 13,957 tonnes in the first nine months of the year, state nuclear company Kazatomprom said on Thursday.

Kazatomprom’s share of the Central Asian country’s uranium production in the January-September period amounted to 7,978 tonnes, the company said in a statement.

Kazakhstan, with uranium reserves second only to Australia’s, has no nuclear power stations of its own and does not use any uranium by-products.

The former Soviet republic plans to produce 19,278 tonnes of uranium this year, compared with 17,803 tonnes in 2010.

Kazatomprom mines uranium on its own and through a series of joint ventures with international companies such as Areva CEPFi.PA, Cameco Corp (CCO.TO: Quote) and Sumitomo Corp (8053.T: Quote).

Kazakhstan, which holds more than 15 percent of global uranium reserves, surpassed Canada in 2009 as the world’s largest producer of the metal.

http://af.reuters.com/article/commoditiesNews/idAFLDE7A906420111110

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