RNS Number: 8157 P President Energy PLC 22 February 2021 22 February 2021. President Energy, the energy company with a diverse portfolio of production.
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02 February 2021
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Kaztomprom has issued preliminary 2020 production figures of 19,477 tU (on a 100% basis), which is 15% down on its 2019 output of 22,808 tU. Production volumes for the fourth quarter and for 2020 were significantly lower, related to the expected impact of the pandemic and the company’s decreased wellfield development activity, as well as lower staff levels in April-July 2020. Guidance for 2021 is 22,500-22,800 tU (100% basis).
(Image: Kazatomprom)
In its
4Q20 Operations and Trading Update published yesterday, Kazatomprom said its production expectations for 2021 remain consistent with its market-centric strategy and the intention to flex down planned production volumes by 20% for 2018 through 2022. Production volume in 2021 is therefore expected to be between 22,500 tU and 22,800 tU on a 100% basis, and between 12,550 tU to 12,800 tU on an attributable basis. Without this reduction, production had been expected to be about 28,000 tU (100% basis) in
Kazatomprom 4Q20 Operations and Trading Update JSC National Atomic Company Kazatomprom ( Kazatomprom , KAP or the Company ) announces the following operations and trading update for the fourth quarter and year ended 31 December, 2020. This update provides a summary of recent developments in the uranium industry, provisional information related to the Company s key fourth-quarter and 2020 operating and trading results, and 2021 production and sales guidance. The information contained in this Operations and Trading Update may be subject to change. It may differ from the final audited results in the 2020 Operating and Financial Review, which is expected to be released on 16 March, 2021. Market Developments The COVID-19 pandemic impacted global industries to varying degrees in 2020, and as the year came to a close, the International Energy Agency (IEA) released its Electricity Market Report, which provided insight into the overall effect on electr