Kazakhstan’s national uranium miner Kazatomprom on Thursday reported attributable production of 13 291 t of U3O8 and said its guidance for 2020 remained flat at between 12 800 t and 13 300 t, in line with its market-centric strategy.
On a 100% basis, 2019’s production was 22 808 t, which is 5% more than the previous year, and its guidance for 2020 is to produce between 22750 t and 22 800 t.
The London-listed company, which is the world’s largest seller of natural uranium, has determined to keep planned production volumes 20% below its suboil use agreements until 2021, as the uranium market continues to struggle.