KATCO, a joint venture (JV) between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tons in 2012.
The venture will complete a planned expansion next year which will allow it to ramp up production.
KATCO intends to increase its uranium output to 3,500 tons this year from 3,354 tons in 2010.
The company, which invested a total of $550m in the development activities, operates two mines Tortkuduk and Muyunkum, which utilize (…)
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