Kazatomprom slashes 2020 uranium guidance

Kazakhstan’s uranium major, Kazatomprom, on Tuesday announced that its uranium production volumes would decrease by about 4000 t, owing to measures imposed to combat Covid-19.

The previous guidance for 2020 was 22 750 t to 22 800 t, on a 100% basis.

The reduced production level should not impact on Kazatomprom’s 2020 sales obligations, CEO Galymzhan Pirmatov said, noting that its full contractual requirements to the nuclear industry would be met.