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Kazatomprom, Rosatom consider Uranium One Holding’s activity

Business Materials 12 December 2014 17:54 (UTC +04:00)

Astana, Kazakhstan, Dec. 12

By Daniyar Mukhtarov - Trend:

All controversies concerning Uranium One Holding's further activity and deprivation of its mining license have been settled at the recent meeting with Russia's Rosatom State Atomic Energy Corporation head Sergey Kiriyenko in Vienna, Chairman of the Board of Kazakh National Atomic Company Kazatomprom Nurlan Kapparov told a group of journalists.

"We discussed the issue of Uranium One during a meeting with Kiriyenko in Vienna," Kapparov said. "Now everything is fine."

He said that the decree on strategic facilities adopted by the government of Kazakhstan is a way out of a conflict situation.

This governmental decree formally means renewal of a license (for subsoil use at Akdala, South Inkai and Kharassan fields) for Uranium One.

The earlier issued license was to expire in November 2014. "So, we met the deadline and the problem has been eliminated," Kapparov said.

The conflict situation arose after the Astana City Court issued a decision in March to invalidate a number of licenses of the joint venture of Kazatomprom with Uranium One.

The press service of Uranium One said in spring that at the suit of the Attorney General, on March 26 the specialized inter-district court of Astana in fact issued a decision to deny the licenses of the Betpak Dala LLP JV and Kyzyl Kum LLP JV to develop the Akdala, South Inkai and Khorasan-1 fields.

Uranium One understands that this decision is related to the processes that took place two-three years before the Uranium One purchased shares in these two joint ventures: Betpak Dala LLP JV and Kyzyl Kum LLP JV.

Edited by CN

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