Kazakhstan / Kazatomprom Approves $2.5 Billion Of Agreements To Supply Uranium Concentrates To China

State company also secures exploration rights for Severnoye site

Kazatomprom Approves $2.5 Billion Of Agreements To Supply Uranium Concentrates To China
Photo courtesy Kazatomprom.

Shareholders in Kazakhstan’s state uranium company Kazatomprom have approved agreements with two Chinese partners to supply uranium concentrates to China valued at approximately $2.5bn (€2.3bn).

Kazatomprom said the two companies are CNNC Overseas and China National Uranium Corporation (CNUC). The agreements include a spot contract with CNNC Overseas and a long-term contract with CNUC.

The company did not disclose delivery timelines or volumes, but said the agreements mark a significant development in Kazakhstan-China nuclear energy cooperation.

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