BAKU, Azerbaijan, Jan. 7
By Fakhri Vakilov - Trend:
Uzbekistan has signed contracts for the supply of uranium to Japan totaling over $1 billion, Trend reports citing Uzbek media.
The contracts were signed as part of the December 2019 visit of Uzbekistan’s President Shavkat Mirziyoyev to Japan.
Two large deals were reached with Itochu Corporation at $636.4 million and Marubeni Corporation at $510.1 million. Shipment will be carried out by the Navoi Mining and Metallurgical Combine (NMMC) from 2023 to 2030.
In 2017, Uzbekistan signed a seven-year contract for the supply of uranium to the United States for $300 million. In 2019, a long-term contract for the export of Uzbek uranium was signed with India.
Uzbekistan is one of the world leaders in uranium reserves and occupies the 7th place in its production. NMMC is the only operator in Uzbekistan engaged in uranium mining and export production of finished products.
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