Wise uranium Project

South Korea and Kazakhstan to establish uranium mining joint venture
On April 22, 2005, South Korea and Kazakhstan agreed to establish a joint company to mine uranium in the west-
central Asian country, a move to ensure Seoul a safe supply of the mineral, officials said.
The company, to be set up within the year, is projected to go on line in 2008 and start full-blown production in 2010
with an annual output of 1,000 tons, the officials at the Ministry of Commerce, Industry and Energy, was quoted the
South Korean news agency Yonhap as saying. In 2004, Seoul imported 3,239 tons of uranium to meet its domestic
needs, Yonhap said. (Xinhua, April 22, 2005)

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06.12.2023, 21:45
New Uranium Mining Projects - Kazakhstan
https://wise-uranium.org/upkz.html
5/12
Kazakhstan wants to become the world's leading uranium producer
Kazakhstan is planning to increase its annual uranium production from the current 3000 t to 12,000 t in 2015,
according to Minister of Energy and Mineral Resources Vladimir Shkolnik. For this purpose, new uranium mines are
to be opened in the Zarechnoye, Moikuduk, Zhalpak and Budennovskoye uranium fields and concentration plants to be
built at the Tsentralnoye, Stepnoye and Shestoye mines. (Kazakhstan today April 5, Interfax April 6, 2004)
The uranium production figure planned for 2015 meanwhile was raised to 15956 t. (Kazakhstan today July 7, 2004)
Kazakhstan to upgrade uranium production facilities with Western credit
The government of Kazakhstan is reportedly considering selling a 67% controlling stake in state-owned uranium
producer Kazatomprom.
Kazatomprom
 plans to use a US$25 million credit from 
Westdeutsche Landesbank 
 (Germany) to upgrade production
facilities, develop new uranium deposits and reduce loan exposure to local banks, in preparation for the privatisation.
The company has also outlined a programme to invest US$33 million in upgrading the Ulba uranium, beryllium and
tantalum plant and US$17 million to expand the ore base during 2000. (UI News Briefing 00.04, Jan. 26, 2000)
See also 
Kazatomprom news release Jan. 17, 2000