Kazakh Uranium Miner Investors to Vote on Huge Deal With China
- State-owned Kazatomprom is world’s biggest uranium producer
- Uranium has soared over past four years on outlook for demand
Kazakhstan, the world’s No. 1 uranium producer, will decide next month on whether to approve a huge deal to supply concentrates to China’s nuclear industry.
Shareholders of state-owned miner Kazatomprom will vote on Nov. 15 at an extraordinary general meeting in Astana on whether to support the transaction with CNNC Overseas Ltd. and China National Uranium Corp. The deal requires investor approval under Kazakh law, the company said.