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Kazakh, Japanese companies sign 24 atomic energy cooperation deals

Kazakh, Japanese companies sign 24 atomic energy cooperation deals

Kazakhstan and Japan signed 24 deals to increase Kazakh uranium exports to Japan, the national atomic energy company said Monday.
The documents were signed during a visit by Japanese Trade Minister Akira Amari and officials from several Japanese nuclear and trading companies, KazAtomProm said in a statement.
Resource-poor Japan, which generates a substantial amount of its electricity through nuclear power, has sought to secure uranium deals with the ex-Soviet republic amid growing competition for its huge uranium resources _ estimated to be the world's second largest after Australia.
KazAtomProm has said that its annual uranium supplies to Japan may reach 4,000 metric tons (4,400 short tons) after 2010 and cover 40 percent of Japanese demand.
KazAtomProm currently supplies Japan with enough uranium to meet a small fraction of its demand. China, the United States and South Korea are also major buyers of Kazakh uranium.
Kazakhstan produced 5,279 metric tons (5,819 short tons) of uranium in 2006 and plans to produce 6,937 metric tons (7,646 short tons) of uranium this year. The Central Asian nation plans to boost uranium production to over 15,000 tons a year by 2010 and become the world's leading uranium miner.
Last year, KazAtomProm signed a contract with Sumitomo Corp. and the Kansai Electric Power Co., Japan's second-largest electric utility, to set up a joint venture to operate a uranium mine in southern Kazakhstan.


Updated : 2021-05-09 05:25 GMT+08:00