He said as long as prices remain at their current low levels, "Kazakhstan will not develop new projects and our production will remain at the current level."
But the country may still ramp it up to 25,000 tons annually--about 40% of world production--"provided that such quantities are required by the market and we are confident we will realize a fair return on our investments," he said
They expect to produce 19,800 tons of uranium in 2011 and 2012.
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