Kazakhstan Chamber of Commerce in the USA

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Uranium JV to raise output in 2012

Posted on October 23, 2011 by Alex

KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the Kazakhstan Today news agency reported, citing a statement issued by the company.

The joint venture reaffirmed the previously announced expansion during a visit of Areva’s president Luc Oursel to Kazakhstan on Tuesday.  Oursel and senior executives of Kazatomprom visited the venture’s mine in Tortkuduk in southern Kazakhstan.

KATCO operates two mines, Tortkuduk and Muyunkum, which use the in-situ leaching process to mine uranium.  KATCO, owned 51% by Areva and 49% by Kazatomprom, expects to produce 3,500 tonnes of uranium this year, up from 3,354 tonnes in 2010.

SOURCE: http://silkroadintelligencer.com/wp-content/files/srikznewsbrief_oct19_2011.pdf

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