Uzbekistan plans new contracts with Japan for supply of uranium
Baku, Azerbaijan, Oct. 4
By Fakhri Vakilov - Trend:
Uzbekistan and Japan are discussing new contracts for the supply of uranium from the Central Asian country, as was announced during the visit of the government delegation of Uzbekistan to Japan, Trend reports citing the press service of the Ministry of Investment and Foreign Trade of Uzbekistan.
Uzbek experts are negotiating with Japanese partners in the Land of the Rising Sun on the eve of Shavkat Mirziyoyev’s visit to this country, which is scheduled for December. It is possible that new uranium contracts will be signed during this visit.
Uzbekistan is one of the world leaders in uranium reserves and takes 7th place in its production, which is carried out by the Navoi MMC. The basis of the mineral resource base of uranium production is 20 deposits and 10 promising areas.
Currently, there are seven mines operating; reserves of 17 deposits are involved in mining. The uranium-containing product obtained at the mines is subjected to final processing at the Hydrometallurgical Plant-1, after which it is sold as finished product.
Explored and estimated uranium reserves in Uzbekistan are about 190,000 tons, of which more than 140,000 tons are uranium deposits of sandstone type, 47,000 tons are black shale type.
Uzbekistan in 2017 signed a seven-year contract for the supply of uranium to the United States for $300 million. In addition, Uzbekistan supplies its uranium to Japan and South Korea.
In August 2014, the Navoi Mining and Metallurgical Combine and the Indian UCIL signed a contract providing for the purchase of up to 500 tons of Uzbek uranium per year in 2014-2018. During Shavkat Mirziyoyev’s visit to India in January this year, a new long-term contract for the export of Uzbek uranium was signed.
Follow author on Twitter:@vakilovfaxri