The consolidated profit of "KazAtomProm" subsidiary increased 24.2% in the first quarter of 2011 in comparison with last year

/IRBIS, May 3, 2011/ - In the first quarter of 2011 at a total value of planned production in the amount of 724.4 tons of mining enterprises LLP Mining Company mined 777.409 tons, or 107,3% to the volume of planned production, reported the press service of JSC National Atomic Company Kazatomprom. LLP Mining Company is a 100% subsidiary of Kazatomprom. "The main task is the extraction and production of natural uranium concentrate. As indicated, the planned volume of uranium production in 2011 for uranium mining companies Mining Company LLP Stepnoe RU LLP, RU-6 LLP and TGHP "fully consistent with the values of production established by the relevant contracts. It's indicated that an increase in actual uranium mining enterprises LLP GRK in the first quarter of 2011 guarantees the fulfillment of contractual obligations LLP GRK before Kazatomprom JCS. The total consolidated revenue of LLP GRK in the first quarter of 2011 amounted to 21,064,956 thousand, which exceeds the same period last year by 24.2% (in cash equivalent 4,104,342 thousand tenge). Income from operations increased by 25.3% (in monetary equivalent 4,191,432 thousand tenge) and amounted to 20,757,811 thousand Tenge. Net income rose to 3,548,584 th and reached 8,463,964 thousand tenge. Such indicators are due, primarily, to an increase in spot prices for uranium products. The average selling price for the first quarter of 2011 is 24,258 tenge per kilogram. For comparison, in the first quarter of 2010 average selling price was 15,228 tenge per kilogram. From November 2010 to January 2011 LLP Mining Company participated in the contest "Senim-2010" organized by the "SK". The competition results were announced in March 2011. Mining Company recognized as "Best Employer, in the region. " At the initiative of the Coordinating Council of the Business Assembly, the Mining Company submitted for certification of Swiss Institute of Quality Standards "InternationalQualitySertificate" (SIQS). The board of experts of the European Business Assembly has placed GRK for the highest EBA prize for perfect business reputation and results in the management field. [2011-05-03]