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26 August 2016
PIMCU First Half Results in 2016 and Future Plans Discussed at Traditional Information Day
Over the first six months of this year PIMCU extracted 591,000 tons of ore, produced 915 tons of natural uranium concentrate, and extracted more than one million tons of coal. “We follow the production program plan, and we are confident that by the end of the year we will reach our planned indicators. That is, we will produce 1873 tons of metal for Rosatom, guarantee unconditional deliveries to Krasnokamenskaya CP, and some 3 million tons of coal to other consumers,” Sergey Shurygin, director of the largest uranium-prospecting enterprise in Russia, said.
Talking about the nearest future, the general director of PIMCU said that to increase in-situ resources at local underground mines, plans are to increase the volume of geological exploration works and delineation drilling by 20% in 2017 as compared to 2016. “This will allow us to practically not decrease extraction volumes until we commission Mine No. 6, construction of which will commence very soon,” Sergey Shurygin said.
Work will continue to improve the level of industrial safety and the number of work-related traumas. In particular, the corporation has started work on creating a comprehensive automated access system onto the territory of production facilities, work time accounting system, and staff health management system. The systems will automatically perform alcohol intoxication testing, account the working time, oversee issue of work tasks, and reports on employees entering and leaving their
work zones.
General Director of ARMZ Uranium Holding Vladimir Verkhovtsev talked in his presentation about the positive financial forecasts for PIMCU activities. “In the first half of 2016 PIMCU has cut its losses by 5 times, and by the end of the year we expect to receive RUB 20 mln of profits. This is far better than those losses of many billions that we had accumulated over the past several years. We have achieved losses-free production figures due to hard work of all staff members and all divisions, developing and implementing cost-cutting and improved efficiency programs.”
Indeed, just over the past six months, PIMCU managed to increase production output at Uranium Mine No. 1 by 13.6%, and on Mine No. 8 - by 21.7%. Emergency downtime of haulage locomotives decreased by 33%, and of load-haul-dumpers - by 15%. Principal products net costs decreased by more than 4%. “If we continue reducing losses, introducing Rosatom Production System projects, and if we meet all the parameters of the production programs, we will undoubtedly improve our financial indicators,” Vladimir Verkhovtsev said.
At the end of the meeting managers of PIMCU and ARMZ Uranium Holding responded to questions from the audience. The agenda of the Information Day also included the award ceremony for best employees of the corporation.
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