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