ASTANA, Kazakhstan, December 2. Kazakhstan and the UAE agreed on the supply of natural uranium concentrates, Trend reports.
Thus, in the presence of the President of Kazakhstan Kassym-Jomart Tokayev, a corresponding memorandum was signed.
The memorandum was signed by Kazatomprom (Kazakhstan's national nuclear company) and Emirates Nuclear Energy Corporation.
On September 29, 2023, Kazakhstan's Kazatomprom presented its strategy for uranium production for 2025. The Board of Directors of Kazatomprom approved the company’s strategy to increase uranium production volumes in 2025 to 100 percent of the level planned under subsoil use contracts.
Kazakhstan ranks second in the world in terms of proven reserves of natural uranium. About 14 percent of all proven world reserves are concentrated in the depths of the Republic of Kazakhstan. The country's total proven reserves are estimated at more than 700,000 tons of uranium.
In 2009, Kazakhstan took first place in uranium production in the world and continues to maintain a leading position in the world market.
Kazakhstan produces about 40 percent of the world's uranium production. In 2021, the volume of uranium production amounted to 21,800 tons, according to the results of 2022 - 21,300 tons.