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Areva extends development of uranium project in Kazakhstan

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French Areva and Kazakh KazAtomProm signed an agreement to strengthen their long-standing cooperation in the uranium mining sector in Kazakhstan, Kazatomprom said in a message.
The agreement extends production at the South Tortkuduk project for the next two decades.

The project is developed by Katco – a joint venture of Areva (51 percent) and Kazakh KazAtomProm (49 percent).

Created in 1996, the Katco joint venture successfully produces uranium by the method of in-situ recovery at the Muyunkum deposit located in the South-Kazakhstan region. With its production activities, Katco relies on international experience and knowledge of Areva and KazAtomProm, two leading uranium mining companies in the world.

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Kazakhstan is the biggest uranium producer in the world. The country produced 24,000 tons of uranium in 2016.

Source: trend.az

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