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Kazatomprom

'May only be a matter of time' before Uranium price recovery with Kazatomprom slow down

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP).

The miner's looking to cut output from its Kazakh mines by around 20% through to 2021.

He says that extends the timeframe of its previous production curtailment by a further year, and means that overall output is likely to average 59mln pounds of U3O8 per year, including joint ventures.

Ford adds that at present there are no significant new uranium mines in development anywhere in the world, as a long-standing low pricing environment that goes all the way back the Fukushima disaster continues to discourage investment.

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