Olympic Dam and Other Uranium Projects

There is an 11 year expansion project of the Olympic Dam mine in Australia New capacity would come online in about 2017-2019 assuming a prompt approval and ontime project.

The Australian government decision is scheduled to be made July, 2010.

Kazakhstan Production
Kazatomprom official opening ceremony for a new in-situ leaching deposit – Irkol [mine]- with a production capacity of 750 tonnes of uranium per annum was held in the Shieli district of the Kyzylorda region on April 28, 2009.

The project capacity of 750 tonnes of uranium per annum is expected to be reached within the next twelve months with plans this year for the extraction of 500 tonnes of natural uranium

Khorassan-1 Uranium Mine opening ceremoney April, 2009

Production throughput, on a year-by-year basis, is as follows:
2009: 180 tonnes
2010: 1,000 tonnes
2011: 1,500 tonnes
2012: 2,000 tonnes
2014: 3,000 tonnes.

Kazakhstan 2008 production

The year 2008 saw the Republic of Kazakhstan produce a total of 8,521 tonnes of uranium. This is 28.5% up on 2007 levels, when production stood at 6,637 tonnes of U3O8. Last year’s production volume includes the aggregate output of the JSC National atomic company Kazatomprom, joint ventures in which it has stakes and the Stepnogorsk mining and chemical complex (under Kazatomprom’s trust management).

It is planned to produce up to 11,900 tonnes of uranium in 2009, though this index is, of course, subject to change as the actual output will depend on global market conditions