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    Kazatomprom lifts lid on readiness for possible uranium deficit

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    By Al Jazeera Tv

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    Kazatomprom lifts lid on readiness for possible uranium deficit

    BAKU, Azerbaijan, October 2. Kazatomprom
    company is ready for potential uranium deficit, First Deputy CEO –
    Chief Financial Officer of NAC Kazatomprom JSC, Marat Tulebayev
    said at the “Nuclear Power: Progress and Security” session at the
    16th KAZENERGY Eurasian Forum “A New Energy Order: Focus on Middle
    Powers”, Trend

    “Today, leading analysts agree that by the middle of the next
    decade, the world will face a structural uranium deficit.
    Kazatomprom is prepared for this. For many years, we have supported
    nuclear energy, even in a low-price environment, to ensure nuclear
    safety worldwide. It must be acknowledged that years of low prices
    have led to low investment in the opening and operation of new
    mines,” he explained.

    Tulebayev noted that, according to the latest data, most
    explored resources have already been depleted, and the era of cheap
    uranium has come to an end.

    The key priority now is sustainable uranium development and
    production.

    “This situation, together with Kazakhstan’s national plans for
    nuclear power plant construction, has defined our strategic course
    for the next decade. Our priorities are clear: responsible use and
    replenishment of the resource base, vertical and horizontal
    business diversification, strengthening trading functions, and
    continuous improvement of BCG standards and business practices,” he

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