reliable kazakh uranium production
DESCRIPTION
RELIABLE KAZAKH URANIUM PRODUCTION. BY: WALLACE M. MAYS W M MINING COMPANY. South Inkai under construction. KAZAKH URANIUM A SUCCESS STORY. LARGE RESOURCES KNOWLEDGEABLE AND PROFESSIONAL WORKFORCE FAVORABLE SUPPORT FROM POLITICAL LEADERSHIP DEMONSTRATED PERFORMANCE - PowerPoint PPT PresentationTRANSCRIPT
BY: WALLACE M. MAYSW M MINING COMPANY
South Inkai under construction
KAZAKH URANIUM A SUCCESS STORYLARGE RESOURCESKNOWLEDGEABLE AND PROFESSIONAL
WORKFORCEFAVORABLE SUPPORT FROM POLITICAL
LEADERSHIPDEMONSTRATED PERFORMANCESOME IMPROVEMENTS NEEDED TO
OPTIMIZE THE VALUE ADDED TO KAZAKHSTAN
IMPORTANCE OF RELIABILITY
UTILITIES REQUIRE RELIABLE SUPPLIES TO SUPPORT THEIR INVESTMENT IN POWER PLANTS
RELIABLITY IS IMPORTANT IN MARKETING URANIUM
RELIABLITY IS IMPORTANT TO OBTAIN FINANCING OF MINES
WHAT IS RELIABLE URANIUM FROM A PRODUCER’S VIEWPOINT?A DIVERSITY OF SOURCES BY POLITICAL
ORIGIN. TO REDUCE RISKS OF INTERUPTIONINVENTORY TO SUPPORT DISRUPTION.PUBLIC ACCEPTANCE IN THE POLITICAL
REGIME OF THE PRODUCER.RELIABLE, PRUDENT ENGINEERING AND RISK
MANAGEMENT BY THE PRODUCER.SOCIALLY AND ENVIRONMENTALLY
SENSITIVE MANAGEMENT BY THE PRODUCER.SUPPORT BY POLITICAL REGIME OF RELIABLE
LAWS
Public Acceptance FactorsEnvironmentally prudent managementSocially responsible managementWaste Management under controlNon-Proliferation of Nuclear Weapons under
controlReliable and safe operation of Nuclear Power
Plants Cost Competitive to other sources of energy
Important Principles Maintenance of Competitive FactorsAdherence to Market Economy PrinciplesDiversification in Suppliers and Providers of Services
throughout the Fuel Cycle supports Competition and Innovation.
Respect of National SovereigntyLong Term Sustainable Infrastructure DevelopmentNo preferential treatment given to any entityCooperation between Nuclear Fuel Suppliers to support
each other.Reduction of Trade BarriersOpen and Transparent MarketsEducation of the Public.Open and Transparent Government and Responsible Laws.
KAZAKH CONSIDERATIONSIn Transition from Socialist economy to
Market economy.Political transition to democracy.Distrust of political and legal institutions by
Investors.Need for more competitive service industries.Need for Modern Western style management.Need for more diversity in decision making.Need for separation of political and business
organizational functions. Need for decentralized decision making.
Specific ProposalsTo provide reliable uranium, there is the need to attract
investment.Evolution to Market Economy and Democracy need to
progress more rapidly.Kazakhstan has difficult mix of Private Business and
Government Controlled Industries, resulting in unfairly competitive and politically motivated market forces, distorting the orderly development of nuclear fuel sources from diverse sources for reliability of supply.
Prudent management of long term price stability by prudent management of HEU resources by US and Russia would promote the orderly development of near term production and exploration and provide reliable fuel supply in an orderly ramp up to the Nuclear Build Up. Price stability may be necessary to reach an orderly development.
CONFLICTS TO RESOLVEin Transition to Global Mature Reliable Nuclear Fuel MarketFINANCIAL MARKETS REQUIRE STABLE
PRICES FOR PRIVATE MARKET FINANCINGMARKET ECONOMY FACTORS PROVIDE
COMPETITIVE DIVERSE SUPPLIES AND INNOVATION FROM SUPPLIERS
MARKET ECONOMY FACTORS PROVIDE MORE RELIABLE LONG TERM STABLIITY
SHORT TERM REQUIREMENTS MAY REQUIRE INNOVATIVE METHODS TO REACH LONG TERM RELIABLITY SUCH AS PRUDENT MANAGEMENT OF HEU.
GOVERNMENT POLICYGOVERNMENTS CAN SET THE FRAMEWORK FOR
COOPERATION AND TRADEGOVERNMENTS CAN INFLUENCE A CHANGE TO
PRO NUCLEAR INVESTMENT POLICIES BY INTERNATIONAL FINANCIAL INSTITUTIONS WHO HAVE HISTORICALLY CONSIDERED URANIUM MINING AND NUCLEAR INVESTMENT TOO RISKY.
GOVERNMENTS CAN EDUCATE THE PUBLIC ABOUT RADIATION HEALTH SAFETY, URANIUM MINING AND NUCLEAR POWER TO EXPOSE MYTHS.
GOVERNMENTS CAN PROVIDE REASONABLE TAX POLICIES TO ENCOURAGE INVESTMENT
GOVERNMENTS CAN PROVIDE STABILITY IN LAWS
IMPORTANCE OF LEADERSHIP IN MANAGEMENTNeed for performance based salary incentives. Need for fair adjustment of income between different
levels of pay grades.Need for fair and open procedures.Need for fair and reasonable tax policies.Need for open and proper competitive tender
processes for selecting contractors and disposing of state assets.
A FAIR AND JUST SOCIETY AND A FAIR AND JUST MANAGEMENT PROVIDES FOR RELIABLE URANIUM PRODUCTION AND A RELIABLE NUCLEAR INDUSTRY.