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Uranium mine and miner's research

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    Excuse new thread. Chat yesterday on big new mines mentioned lots of new mines. We know of most, I think.

    1. Research on all mines.
    2. Listing discovery.
    3. Commencement of mining
    4. Annual output
    5. Total mine reserves
    6. Life of mine
    This a spreadsheet I have been keeping myself.

    Starting a thread on this with the biggest by output in focus for me today. Enjoy and contribute.
    AI results mostly as my spreadsheet in mine :)


    Kazatomprom presently has fourteen (14) operating properties, and all but one were discovered between 1963-1977. When did Kazatomprom start mining the 14 sites



    Kazatomprom presently has fourteen (14) operating properties, and all but one were discovered between 1963-1977. When did Kazatomprom start mining the 14 sites


    Answer


    Images

    Sources
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    Kazatomprom currently operates 14 uranium deposits, with 13 discovered between 1963 and 1977. Mining timelines vary by site, but most began production in the early 2000s under joint ventures established after Kazakhstan's independence. Key developments include:

    Tortkuduk (Moinkum):

    • Discovered in 1976, mining started in 2000 via the KATCO JV with Orano14.

    Inkai:

    • Discovered in 1976, operations began in 2000 through JV Inkai LLP (60% Kazatomprom, 40% Cameco)47.

    Budenovskoye:

    • Discovered in 1979, production launched in 2008 via JVs with Russian partners49.

    Zarechnoye:

    • Discovered in 1977, mining commenced in 2002 under a JV with Uranium One4.

    Other sites:

    • Operations at Akdala, Kanzhugan, and Irkol began between 2001 and 2006 through subsidiaries and JVs49.

    The sole exception to the 1963-1977 discovery period is not explicitly named in available sources, but all active sites were brought into production between 2000 and 2015 under Kazatomprom's post-Soviet era partnerships349.

    What is missed by some may be strategic reserve

    Strategic reserve
    Inventories stood at 5,431 tU (14.1Mlbs.) The lowest level in the last 10 years, NB- inventories continued to slide in 2024 despite a +10% increase in production over 2023.

    If contracted u308 deliveries miss due to issues any this will be an interesting issue! The delay in the new sulphuric acid plant now scheduled for 2027 from previously 2026 or any other day to day issues that occur for KAP will be good for the u308 prices perhaps and good for KAP which has a ‘Value
    over Volume’ principle
    happily

    2024 AISC rose by +29% y/y (in USD terms) while their CAPEX increased by +58% in KZT terms
 
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