Norway just raised the stakes over deep sea mining
The Jan. 9 determination makes Norway the first country to formally authorize seabed mining activities in its waters.
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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