Kazatomprom has agreed on large uranium supplies for CNNC entities

ASTANA. Oct 15 (Interfax) - Kazakhstan's Kazatomprom nuclear company has concluded a major deal to supply uranium concentrate to two entities of China National Nuclear Corporation (CNNC), namely CNNC Overseas Limited and China National Uranium Corporation Limited (CNUC), the Kazakh company said.

A Kazatomprom extraordinary general shareholders meeting will consider the deal on November 15.

"JSC Kazatomprom NAC has reached an agreement with CNNC Overseas Limited and China National Uranium Corporation Limited on the supply of natural uranium concentrates in the form of U3O8 to the said companies on market terms at the time of reaching written agreements between the parties," according to the notice on holding an EGM.

Kazatomprom's statement indicates that "the value of the transaction submitted for consideration at the meeting, together with previously concluded transactions with CNUC and CNNC Overseas, exceeds 50% of the total book value of the company's assets."