French nuclear fuels company Orano and Uzbekistan’s state-owned uranium producer Navoiyuran have formalised an agreement for the industrial development of the South Djengeldi uranium mining project.
Under the agreement, the South Djengeldi project will be developed by Nurlikum Mining, a joint venture (JV) between Orano and Navoiyuran.
The announcement comes just weeks after chief executive officer Nicolas Maes said Orano said it was looking to increase output of uranium from new mines to meet rising demand from the nuclear power industry and offset production from its stalled projects in Niger.