Kazakhstan plans to acquire share in Russian largest uranium enrichment enterprise
Azerbaijan, Baku, Feb. 24 / Trend E. Kosolapova/
Kazakhstan plans to acquire a share in the largest Russian uranium enrichment enterprise Urals Electrochemical Combine in 2012, head of the Kazakh National Atomic Company Kazatomprom Vladimir Shkolnik told journalists in Almaty on Friday, Novosti-Kazakhstan reported.
Shkolnik said that the amount of Kazakhstan's share in Urals Electrochemical Combine has not been determined yet, however the country is ready to pay up to $500 million for this share.
"We are considering shares from 30 to 49 percent. The price can reach $400-500 million," Shkolnik said.
Russia and Kazakhstan are implementing a joint center for uranium enrichment on the basis of Urals Electrochemical Combine. Earlier it was reported that Kazakhstan will participate in the center for uranium enrichment project through Kazatomprom's share in Urals Electrochemical Combine.
Urals Electrochemical Combine, located in Novouralsk is the world's largest uranium enrichment enterprise and the first company in Russia, realizing uranium isotopes fractionation and reprocessing of highly enriched uranium into low-enriched.
Kazatomprom is the Kazakh national operator for import and export of uranium, rare metals, nuclear fuel for power plants, special equipment and dual-purpose materials. A total of 100 percent of the Company's stock is held by the government under the National Welfare Fund Samruk-Kazyna. Kazatomprom is the world's leading uranium producer.
Kazakhstan produced 19,450 tons of uranium or 35 percent of world production in 2011.