Today AREVA and Kazatomprom signed an agreement strengthening their long-standing cooperation in the uranium mining sector in Kazakhstan, said in Kazatomprom’s press release.
“This agreement, which meets interests of Kazakhstan and France, opens new opportunities for further development and enhancement of effective operations of their joint-venture Katco, AREVA (51%) and Kazatomprom (49%). It will bring additional value for both shareholders of the company”, noted in the release.
The document was signed by Askar Zhumagaliyev, Chairman of the Board of NAC Kazatomprom JSC and Philippe Knoche, CEO of AREVA.
Philippe Knoche, declared: “In the frame of the longstanding nuclear cooperation between Kazakhstan and France, this agreement strengthens our twenty-year partnership with KAZATOMPROM for the mutually economic benefit of the two partners. It gives Katco a new long term perspective with the development of the South Tortkuduk project which will extend its production for the next two decades.”