Kazakhstan / Kazatomprom To Sell 49% Stake In Uranium Mining Company To China

Kazatomprom To Sell 49% Stake In Uranium Mining Company To China
Kazakhstan’s national uranium company Kazatomprom has signed an agreement to sell a 49% stake in its wholly owned Ortalyk uranium mining operation to China General Nuclear Power Corporation (CGNPC) subsidiary for $435m.

Kazatomprom’s sale and purchase agreement is subject to conditions and governmental approvals.

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