Development status of uranium in Kazakhstan and investment advices

Kazakhstan’s uranium resources are about 900 000 tons, accounting for about 15% of the world’s uranium resources, ranking second in the world, behind Australia.In the meantime, its production ranks the first for years as the largest uranium producer in the world.At present, there are 21 large and medium-sized sandstone uranium deposits under development in Kazakhstan, and the mining rights belong to 14 companies, among which 3 are solely owned by NAC Kazatomprom JSC and 11 are joint ventures between Kazatomprom and Russia, Canada, France, Japan and China, but uranium production and reserves share of Chinese enterprises in Kazakhstan is lowest among foreign companies.Therefore, Chinese enterprises should increase their investment.Firstly, focusing on high grade national reserve projects and unlicensed area seek for cooperation priority, for instance large sandstone uranium deposits Asarchik and Sulu-Cheka.Secondly, for prepared mines, should be adopted by M& A and equity participation, in particular, NAC Kazatomprom JSC 100% holding projects.Furthermore, keeping up with the policy readjustments and develop cooperation in exploration when Kazakhstan vigorously attracts exploration investment.At last, relying on competitiveness of the whole nuclear industry chain and advanced nuclear power technology, develop “technology for resources”win-win cooperation mode.