14 Jun 2024 12:53

Kazatomprom to participate in tenders for uranium supply to South Korea

ASTANA. June 14 (Interfax) - Kazakhstan's national nuclear company, Kazatomprom, intends to participate in tenders for the supply of uranium to South Korea, according to a joint statement by Kazakhstan and South Korea following the visit of President Yoon Suk Yeol to Astana.

"Kazatomprom constantly monitors public tenders on the official website of the authorized Korean energy company for the supply of natural uranium and intends to participate in tenders in the event of such an announcement," the statement says.

In order to maintain partnership relations, Kazatomprom regularly conducts negotiations with representatives of the authorized Korean energy company to discuss the prospects for bilateral cooperation.

"The parties agreed to continue the supply of Kazakh uranium to the Republic of Korea and consider the possibility of increasing its volumes," the document says.

Kazatomprom is engaged in uranium mining, processing of rare metals, production and marketing of beryllium and tantalum products. In 2022, the company produced 21,227 tonnes of uranium oxide, which is a 1% decrease from the previous year. The company is traded on the London Stock and Exchange and Astana International Exchange (AIX).