Kazakhstan to Help Jordan Assess Uranium Reserves
During Kazakh President Kassym-Jomart Tokayev’s official visit to Jordan, a memorandum of understanding was signed between Kazakhstan’s Kazatomprom National Atomic Company JSC and the Jordan Uranium Mining Company (JUMCO). The agreement outlines plans for cooperation in uranium exploration and mining in Jordan. Kazatomprom CEO Meirzhan Yusupov emphasized that the partnership with JUMCO presents new opportunities to strengthen Kazakhstan’s position in the global uranium industry. “This memorandum aligns with our strategic goals of efficiently utilizing our resource base. Additionally, studying foreign projects will provide valuable international experience and contribute to the sustainable development of both countries,” he said. Assessing Uranium Potential in Jordan The primary goal of the agreement is to evaluate the potential for uranium exploration and development in Jordan. This includes assessing reserves and analyzing the feasibility of using heap leaching technologies for extraction. Special attention will be given to environmental safety and economic viability. Based on the study results, both parties will decide on the next steps for project development. JUMCO CEO Mohammad Al-Shannagh stated that partnering with the world’s largest uranium producer could accelerate Jordan’s commercial uranium production. “Cooperation with Kazatomprom will open new horizons for us in uranium mining, allowing us to share knowledge, use advanced technologies, and jointly develop marketing strategies,” he said. Joint projects are expected to give new impetus to Jordan’s nuclear industry, creating jobs, attracting local contractors, and improving infrastructure. Kazakhstan’s Expanding Uranium Industry Kazakhstan’s collaboration with JUMCO provides an opportunity to expand its international reach, strengthen economic ties with Jordan, and enhance its influence in the global uranium sector. Kazatomprom is the world’s largest producer of natural uranium, with priority access to one of the world’s most significant resource bases. Since November 2018, Kazatomprom’s shares have been traded on the Astana International Financial Center Exchange and the London Stock Exchange.