Kazakhstan may establish Uranium Fund
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Kazakhstan may establish Uranium Fund

21 April 2016 15:42

Kazakhstan may establish Uranium Fund, said Yuri Demekhov,  Managing director for production of "NAC" Kazatomprom " JSC ,during the 7th Mining and Exploration Forum- MINEX Central Asia, BNews.kz correspondent reports.

"The uranium price falls to lowest level in recent years.  We want to establish Uranium Fund in order to influence the pricing.

At the same time our own and joint venture will perform its contractual obligations, we will not reduce production levels. But, nevertheless, part of the extracted uranium will be reserved in Uranium Fund to ensure price stability and through our trading company. Under favorable factors on the uranium market, we will use and sell the products stored in Uranium Fund," said Yuri Demekhov.

It should be reminded that the 7th Mining and Exploration Forum- MINEX Central Asia  started yesterday in Astana. The main theme of the forum was "The prospects and potential of the mining sector in the efficient economic development."