South Korea, Kazakhstan sign minerals deals as Seoul moves to diversify supply chain

Output came to 7.2 million lb. uranium oxide on an attributable basis, up from 6.4 million lb. last year.

The Russian finance ministry said last month that Russia will regularly buy diamonds from the sanctions-hit producer through a state fund.

It is the first time this has happened in any month in more than four years.

The ban is needed to unlock some $2.7 billion to stand up a domestic uranium industry made available by Congress earlier this year.

The uranium major’s adjusted net earnings fell 51% to $56 million, a sharp contrast with the $115 million from the same quarter last year.

The operator of the Loulo-Gounkoto gold complex increased tax, royalty and dividend payments to the Malian government by almost half to $380.7 million last year.

Russia provided almost a quarter of the enriched uranium used to fuel America’s fleet of more than 90 commercial reactors.

The current contract between the parties expires in 2024.

The planned production capacity of the new copper smelter is 300,000 r/y of copper cathodes and 1.8 million t/y of sulphuric acid.