Shareholders of Kazakhstan’s national nuclear company Kazatomprom have approved a uranium supply contract with China’s State Nuclear Uranium Resource Development Company (SNURDC), but a separate contract with Russia’s Uranium One Group failed to get the green light.
The company announced details of the results following an extraordinary general meeting.
The contracts cover the sale and purchase of natural uranium concentrates.
The Chinese contract received 88.63% support from shareholders.
The proposed Uranium One contract received 5.39% support, with 6.27% opposed and 88.34% abstaining.
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