Cogema prepared to invest $100 million in Kazakh uranium field

Almaty. (Interfax-Kazakhstan) - France's Cogema company is prepared to invest $100 million in the development of the Moinkum uranium deposit in southern Kazakhstan.

This is on the condition that the company's share in the charter capital in Katko, the joint venture developing the field, increases, Cogema public relations director Yves Dufour told the press in Almaty on Thursday.

Dufour said the increase of Cogema's share in Katko is being negotiated with the other participant in the venture, Kazatomprom, the national nuclear energy company. It was Kazatomprom that suggested that Cogema invest $100 million in the industrial phase of the project.

Kazatomprom and Cogema each own 45% of the charter capital, and Zambezi Holdings S.A. owning 10%.

A pilot plant processing 100 tones of natural uranium concentrate a year is now operating in the field. The quarry to be built there is expected to yield 1,000 tonnes of uranium a year and possibly 1,500 tonnes a year at a later stage.

The proven reserves of uranium in the field amount to 20,000 to 27,000 tonnes.

Zdroj: Interfax

zpět na úvodní stránku