Kazakhstan’s state-controlled nuclear resources company said on 17 December that Russia’s state nuclear corporation Rosatom will be selling its stakes in several jointly developed uranium deposits to Chinese-owned companies.
Kazatomprom said that Rosatom unit, Uranium One Group, had sold its 49.979% stake in the Zarechnoye mine to SNURDC Astana Mining Company Limited, whose ultimate beneficiary is China's State Nuclear Uranium Resources Development Company.
Uranium One Group is also expected to give up 30% in the Khorasan-U joint venture to China Uranium Development Company Limited, the ultimate beneficiary of which is China General Nuclear Power Corporation (CGN, China), Kazatomprom said.