Kazakhstan's Uranium Supply Agreement with India
Kazakhstan, a resource-rich country and the world's top producer of uranium, has entered into a fresh contract to supply uranium to India for its nuclear power plants. This agreement follows recent discussions between Kazakhstan's uranium company, Kazatomprom, and India's Department of Atomic Energy.
Background and Previous Agreements
- In January 2009, Kazatomprom signed an agreement with India's Nuclear Power Corporation (NPCIL) to supply 2,100 tonnes of uranium.
- In July 2015, an agreement was concluded with India's Department of Atomic Energy to supply 5,000 tonnes of uranium over the period from 2015 to 2019.
Details of Kazatomprom
- Kazatomprom is involved in:
- Uranium mining
- Processing of rare metals
- Production and sale of beryllium and tantalum products
- 100% of the company's products are exported.
Ownership Structure of Kazatomprom
- The company is controlled by the state.
- The Samruk-Kazyna state fund holds 62.99% of the shares.
- The Kazakh finance ministry owns 12.01%.
- There is a free float of 25% of the shares.
