Date: 15 October 2024 , 19:09
News ID: 11368
NEWS SERVICE: MINES and MINERALS

Kazatomprom strikes large uranium sale deal with Chinese buyers

me-metals: Kazakhstan-based Kazatomprom, the world’s largest uranium miner, has reached an agreement with CNNC Overseas Limited and China National Uranium Corporation Limited on the sale of natural uranium concentrates, it said on Tuesday.

According to me-metals cited from mining.com, “The transaction value, cumulative with the previously concluded transactions with CNUC and CNNC Overseas, comprises fifty percent or more of the total book value of the company’s assets,” it said in a statement.

Kazatomprom didn’t provide details on the volume of the deal, which will require shareholders’ approval at a Nov. 15 meeting.

source: mining.com

CNNC Uranium Miner Kazakhstan
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