Glencore joins world’s first battery passport pilot
The miner spearheaded the first pilot passport leveraging the ReSource platform in collaboration with its Kamoto Copper subsidiary LG Energy Solution and Tesla.
Kazatomprom’s Q3 profit surges on higher sales
(Image: Kazatomprom)
Kazakhstan’s Kazatomprom, the world’s biggest uranium miner, reported a nearly sevenfold year-on-year increase in third-quarter profit on Friday as its physical sales volume doubled in the same period.
According to the company’s financial report, its quarterly profit stood at 138.9 billion tenge ($299 million), up from 20.8 billion tenge a year ago. Revenue tripled in the quarter to 285.8 billion tenge ($615 million).
The company said in an earlier operations report the surge in sales was largely due to the schedule of customer deliveries.
($1 = 464.6400 tenge)
(By Olzhas Auyezov; Editing by Mark Potter)
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