Kazakhstan, China sign long-term contract on uranium supply
The Kazakh National company Kazatomprom and China Guangdong Nuclear Power Company (CGNPC) have today signed in Astana a long-term contract on the purchase and sale of concentrates of natural uranium. The document was signed following the talks of Kazakh Prime Minister Karim Masimov and Chairman of the National Committee of the People's Political Consultative Conference of China Jia Qinglin, ITAR-TASS reported.
In April last year, Kazatomprom and CGNPC signed a memorandum of understanding establishing a joint venture to build nuclear power plants in China. The parties agreed that Kazatomprom will supply to China 24,200 tons of uranium until 2020. During President Hu Jintao's visit to Kazakhstan in June, the sides signed an intergovernmental agreement on cooperation in peaceful uses of atomic energy. The contract on the purchase and sale of concentrates of natural uranium was signed between Kazatomprom and CGNPC.
Today, China is the largest buyer of Kazakh uranium.