(SRI) - Uranium One, a Canadian uranium producer, has closed its acquisition of 50 percent of the Karatau Uranium Mine in Kazakhstan for $420 million from Russian state-owned uranium miner Atomredmetzoloto (ARMZ).
(SRI) - Kazakhstan’s uranium output will be approximately 13,800 metric tons in 2009 and will rise to 15,000 metric tons in 2010, according to Zhandos Abishev, head of mining at the state holding and investment company Samruk-Kazyna.
(SRI) - Kazatomprom recorded a net profit of KZT29.017 billion ($193.4 million) in the first nine months of 2009, compared with KZT18.714 billion ($124.76 million) in the same period in 2008.
(SRI) - Japan’s Toshiba Corp plans a rare metals joint venture with Kazakhstan’s Kazatomprom amid rising demand for the materials, Reuters reported on Friday.
(SRI) - Kazakhstan’s state nuclear company Kazatomprom expects to produce 14,000 tons of uranium in 2009 and become the world’s largest producer by the end of the year, the company said in a statement on Wednesday.
(SRI) - Sumitomo Corp. plans to form a joint venture with the Kazakh national uranium company Kazatomprom to produce rare-earth metals, Bloomberg reported citing Nikkei English News.
(Reuters) - Kazakhstan’s most prominent uranium industry figure, whose arrest has alarmed foreign investors in Central Asia’s biggest economy, is in poor health and requires urgent medical attention, his wife said on Friday.
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(SRI) - Former Kazakh intelligence chief Nartai Dutbayev has reportedly been dismissed as vice president of the state nuclear company Kazatomprom effective on August 7, the KazTAG news agency said on Friday.