ASTANA, Kazakhstan, March 19. The amount of revenue of Kazatomprom JSC Group (Kazakhstan's national atomic company) amounted to 1.435 trillion tenge (about $3.1 billion) in 2023, Trend reports.
According to the company's report, the figure is 43 percent higher than in 2022 (1.001 trillion tenge, or about $2.2 billion).
At the same time, the company's net profit also increased. So, last year net profit amounted to 580 billion tenge (about $1.28 billion), which is 23 percent more than in 2022 (473 billion tenge or about $1.047 billion).
In addition, Kazatomprom's operating profit increased by 49 percent and amounted to 681 billion tenge (about $1.5 billion). In 2022, operating profit amounted to 456 billion tenge (about $1.009 billion).
To note, uranium production by Kazatomprom Group amounted to 21,112 tons from January through December 2023, which is 1 percent lower than the same period in 2022 (21,227 tons). As the company noted, production volumes on both a 100 percent and attributable basis were slightly lower throughout 2023 compared to 2022, primarily due to an insignificant decrease in the production plan for 2023 compared to 2022.
Meanwhile, Kazakhstan has the second-largest proven natural uranium reserves in the world. The depths of the Republic of Kazakhstan contain around 14 percent of all proven world reserves. The entire proven reserves of uranium in the country are expected to be more than 700,000 tons.
Kazakhstan surpassed the United States in uranium production in 2009 and continues to dominate the global market.
Kazakhstan accounts for almost 40 percent of global uranium output. The volume of uranium production in 2021 was 21,800 tons, while the volume in 2022 was 21,300 tons.