Kazakhstan: uranium production

AREVA and Kazatomprom have signed an agreement to launch the industrial phase of a joint uranium production project in Kazakhstan. After three years of successful operation of a pilot uranium production plant at the Muyunkum deposit in southern Kazakhstan, KATCO, their jointly-owned company will now work on detailed engineering design studies followed by the construction of installations at a production site. Initial industrial production should begin by the end of 2005 and capacity will increase gradually to 1500 tonnes per year. AREVA will initially market all the produced uranium. Starting production of the deposit provided by Kazatomprom will represent an investment of approximately USD 90 million financed by AREVA. This demonstrates the AREVA Group’s commitment to pursue its strategy for diversifying its sources of supply for uranium. The economic future of the project is ensured thanks to strong demand and rising prices for uranium concentrate.




Looking for more projects or tenders? This is just the tip of the iceberg! Subscribe today to our Projects & Tenders newsletter.

Previous articleIvory Coast: Aker Marine wins contract
Next articleStainless solenoid valves
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.