August 09, 2010

Kazatomprom Uranium Production on Target for 18,222 tons and Japan and UK are Restarting Reactors

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1. Kazakh national nuclear company KazAtomProm reported a 42% increase in uranium production during the first half of 2010 compared with the same period in 2009. Total uranium output for the whole of 2010 is set to reach 18,222 tonnes, a 30% increase from 2009.

The company said that production between January and June 2010 totalled 8452 tonnes of uranium (tU), up from just over 6000 tU in the first half of 2009. KazAtomProm said that uranium output in the second half of 2010 is expected to be 9770 tU.

My Kazakhstan uranium production bets with Michael Dittmar for 2010 and 2011 are looking very good.

Brian Wang      Dittmar                     Midpoint
2010   16500 tons      15000 tons            15750 tons
2011   18000 t or more 17,999.9 tons or less 18000 tons
Any production figures over the midpoints mean I win the bets.

2. Following an inspection by Japanese authorities, unit 1 (1067 MWe boiling water reactor) of Tokyo Electric Power Company's (Tepco's) Kashiwazaki Kariwa nuclear power plant resumed commercial operation on 4 August, having been offline for over three years. Tests to clear the way for the restart of unit 5 are set to begin soon. Unit 5 is also a 1067 MWe boiling water reactor.

3. In the UK, Sizewell B nuclear power station remains off-line but is on track to re-open later this year, its owner EDF Energy has confirmed. Sizewell B was shut down in March when higher-than-normal moisture levels were recorded within the containment building. EDF Energy says repair work is continuing and the station should return to service in the third quarter of this year.

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