Wise uranium Project

Kazakhstan ends rise in uranium production to stabilize prices
After more than tripling its output of uranium in four years to become the world's top producer, Kazakhstan has
stabilized production to around 20,000 metric tons annually in order to avoid further depressing prices, Sergei Dara,
Director of Strategic Development and International Projects at Kazatomprom, the state nuclear company, said
Monday (Oct. 3).
He said as long as prices remain at their current low levels, "Kazakhstan will not develop new projects and our
production will remain at the current level." But the country may still ramp it up to 25,000 tons annually -- about 40%
of world production -- "provided that such quantities are required by the market and we are confident we will realize a
fair return on our investments," he said. "Prices were low in 2008 and 2009 mostly because Kazakhstan's production
was increasing so fast," said Stanislav Chuyev, senior analyst at Visor Capital, an investment bank in Almaty,
Kazakhstan's financial center. "Keeping production at 20,000 tons will help level the prices." (Dow Jones Newswires
Oct. 3, 2011)
India and Kazakhstan sign nuclear agreement, including joint uranium mining
On April 16, 2011, India and Kazakhstan signed an inter-governmental agreement for Cooperation in Peaceful Uses of
Atomic Energy, that envisages a legal framework for supply of fuel, construction and operation of atomic power plants,
exploration and joint mining of uranium, exchange of scientific and research information, reactor safety mechanisms
and use of radiation technologies for healthcare.
After the talks, the Kazakh President announced that his country would supply India with 2100 tonnes of uranium and
was ready to do more.
India and Kazakhstan already have civil nuclear cooperation since January 2009 when Nuclear Power Corporation of
India Limited (NPCIL) and Kazakh nuclear company KazAtomProm signed an MoU during the visit of Nazarbaev to
Delhi. Under the contract, KazAtomProm supplies uranium which is used by Indian reactors. (Indian Express Apr. 16,
2011)