Kazakhstan approves deal on hosting IAEA low-enriched uranium bank
ASTANA. May 14 (Interfax) - The Kazakh government has approved an agreement with the International Atomic Energy Agency to host the IAEA's low-enriched uranium bank.
An appropriate resolution, signed on April 27, was published on the website of the Kazakh Justice Ministry.
"The government decided to endorse a draft agreement between the government and the International Atomic Energy Agency to establish a low-enriched uranium bank in the Republic of Kazakhstan," according to the document.
The resolution came into force on the day it was signed.
In recent years, Astana has been engaged in talks on terms for the presence of the IAEA's international low-enriched uranium bank on Kazakh territory.
In 2009, Kazakhstan came up with an initiative to establish an IAEA-administered low-enriched uranium bank, or an international low-enriched uranium reserve, on the premises of the country's Ulba Metallurgical Plant.
The Ulba Metallurgical Plant, which is a member of the Kazatomprom national atomic energy company, produces fuel pellets for nuclear power plants.