Kazatomprom signs Inkai 3 pilot production agreement
Kazakhstan’s national atomic company Kazatomprom on Wednesday announced a new subsoil use agreement for pilot production at the Inkai 3 deposit.
The agreement, finalised through negotiations with Kazakhstan's Ministry of Energy, marks a significant milestone for the company. The pilot production is approved for a period of up to four years, with a total production volume capped at 701 t of uranium.
The Inkai deposit, situated in the Suzak district of the Turkestan region, is one of Kazakhstan's major uranium resources, holding an estimated 83 100 t of uranium.
"This licence is crucial for our sustainable development strategy. Launching pilot production at Inkai 3 will contribute to the social and economic development of the Turkestan region.
“Replenishing our mineral resource base will strengthen our leadership in the uranium industry and help meet the growing demand for clean energy,” said Kazatomprom CEO Meirzhan Yussupov.
The company plans to transfer the Inkai 3 subsoil use contract to its wholly owned subsidiary, Kazatomprom-Sauran.
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