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Kazatomprom strikes large uranium sale deal with Chinese buyers

15th October 2024

By: Reuters

  

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

"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 November 15 meeting.

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Edited by Reuters

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