• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00201 0%
  • TJS/USD = 0.09166 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%

Viewing results 1 - 6 of 56

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.

Kazakhstan’s Nuclear Power Move and Implications for the West

Kazakhstan’s recent referendum approving the construction of its first nuclear power plant (NPP) is a watershed moment. More than a domestic policy decision, this move puts into relief Kazakhstan's strategy for positioning itself as a linchpin in the diversification of global energy supply chains, with the world's largest uranium reserves accounting for nearly 40% of the global supply and a key geographic location. The country's ambitions align with the broader resurgence of nuclear power as an indispensable component of a sustainable energy future, countering decades of stagnation in the West and challenging the dominance of Russia and China. The renewed attention on nuclear energy arises from a convergence of systemic and technological factors. Environmental pressures to reduce reliance on fossil fuels such as gas and coal have left energy producers searching for scalable, reliable alternatives. Renewable energy sources like wind and solar, while important, remain limited by intermittency and storage challenges. At the same time, safety concerns rooted in historical disasters — Chernobyl, Three Mile Island, and Fukushima — have been mitigated by advances in reactor technology. A growing public recognition of nuclear power's viability has resulted. In this context, Kazakhstan's entry into the nuclear power arena is logical. Enhancing its ability to integrate uranium extraction with downstream nuclear fuel production would underscore its potential to play a central role in addressing global energy needs. By fostering international partnerships, Kazakhstan can leverage its resource wealth to become a critical supplier for advanced economies looking to diversify their energy mix. Kazakhstan's move comes at a time of shifting geoeconomic dynamics in the nuclear energy sector. Over the past three decades, Russia and China have consolidated their dominance, exploiting the West’s inertia. Russia has used NPP construction as a geoeconomic tool, creating dependence in such countries as Turkey and Uzbekistan. China, meanwhile, has aggressively developed its domestic nuclear infrastructure while securing global uranium supplies, particularly through investments in Africa and Central Asia. By contrast, Western nations have lagged behind, plagued by fragmented project management, skilled labor shortages, and political resistance. Anti-nuclear movements, many of which gained momentum during the Cold War with Soviet backing, have continued to stymie development in Europe and North America. The resulting industrial inertia has left Western economies vulnerable, with insufficient capacity to meet rising energy demands or counterbalance Russian and Chinese influence. Kazakhstan's emergence offers the West a rare opportunity to reverse this trend. The country’s multi-vector diplomatic strategy, emphasizing balanced relations with global powers, makes it an ideal partner for rebalancing energy supply chains. Kazakhstan’s role in global energy extends beyond uranium. The country’s geological resources overlap with deposits of rare-earth elements (REEs), which are vital for advanced defense technologies, renewable energy systems, and high-tech manufacturing. The shared extraction technologies and logistical infrastructure for uranium and REEs present opportunities for integrated resource development. NATO’s Partnership for Peace (PfP) program could play a pivotal role in this regard. By incorporating rare-earth mining and supply chain security into NATO’s Critical Energy Infrastructure Protection (CEIP) framework, member states could...

Kazakhstan Could Save America’s Energy Future

The energy crisis gripping Europe has made clear for all to see the limits of solar and wind power. Years of investment and unbridled ambition have not created renewable sources that can deliver the consistent, large-scale energy that modern economies need. Nuclear power has emerged as the only viable solution for achieving zero-emissions energy while maintaining reliability. Europe’s urgent need to reduce its dependency on Russian gas has made all that even clearer. Meanwhile, the United States faces its own energy challenges. Its nuclear industry urgently requires a secure and stable uranium supply; yet U.S. foreign policy has largely overlooked Kazakhstan, the world’s largest uranium producer. It gets worse. No sitting U.S. president has ever visited Kazakhstan, which produces over 40% of the world’s natural uranium. Russia and China have filled this diplomatic vacuum, embedding themselves deeply in Kazakhstan’s energy sector. The United States and Europe must act decisively to build stronger ties with Kazakhstan and Central Asia, if they are to achieve energy independence by securing their nuclear futures. Europe’s dependence on Russian natural gas has been its geopolitical Achilles’ heel for decades. Russia's illegal war of aggression against Ukraine, driving home the need to diversify energy sources, has further increased that vulnerability. Nuclear power offers Europe a path to energy independence. This hinges, however, on access to uranium, of which Europe imports 97% of its supply. Moreover, much of that uranium is enriched in Russia, creating a dependency analogous to that on Russian gas. That problem can be solved by deepening cooperation with Kazakhstan, the world’s largest uranium producer. Unfortunately, Europe’s engagement with Kazakhstan has been half-hearted at best; yet the country's reserves are essential for powering Europe’s nuclear plants. Strategic investments and partnerships are needed to unlock Kazakhstan’s role as a reliable uranium supplier to Europe, but logistical hurdles and a lack of political focus have so far stymied efforts to make that happen. Kazakhstan, the world's leading uranium producer, offers the United States a critical opportunity to secure its energy and national-security needs, yet Washington has ignored this and made little effort to deepen its ties with Kazakhstan. By contrast, China sources 60% of its uranium imports from Kazakhstan, supported by investments in mining and nuclear fuel facilities. Likewise, Russia has, through Rosatom, forged strong partnerships with Kazatomprom. These efforts give Beijing and Moscow significant leverage over global uranium markets. The U.S., however, has failed to foster the political and economic relationships necessary for long-term nuclear-energy security. Kazakhstan is a particularly glaring case in point. Over the past two decades, Kazakhstan has come to account for nearly half of global uranium production, giving it a key position in the global uranium supply chain. Neighboring Uzbekistan, the fifth-largest producer, adds another 6%, and Mongolia also has significant undeveloped reserves of future potential. Yet Kazakhstan remains heavily dependent on Russian infrastructure for uranium transport and enrichment. Until the late 2024 signature of an agreement to supply nearly half of its annual uranium ore production to China through the...

Kazakhstan’s Nuclear Fuel Plant Achieves Full Production Capacity

Kazakhstan’s national uranium company, Kazatomprom, announced on January 6 that its Kazakh-Chinese joint venture, Ulba-FA LLP, achieved its design capacity of producing 200 tons of low-enriched uranium in the form of fuel assemblies by the end of 2024. Ulba-FA is the only fuel production facility for nuclear power plants in Central Asia. The joint venture is a collaboration between Kazatomprom, represented by its subsidiary Ulba Metallurgical Plant, and China General Nuclear Power Corporation. Since commencing operations in November 2021, Ulba-FA has gradually ramped up production, reaching its design capacity within three years. The 200 tons of nuclear fuel produced in 2024 are sufficient to reload six nuclear reactors. Supplying China’s Nuclear Power Plants All fuel assemblies produced at the Ulba-FA plant are currently supplied to nuclear power plants in China, underscoring the strategic partnership between the two nations in the nuclear energy sector. China and Russia remain the largest importers of Kazakh uranium. Between January and October 2023, Kazakhstan exported $2.46 billion worth of uranium, with $922.7 million directed to China and $1.2 billion to Russia. Kazatomprom solidified its position as the world’s largest uranium producer in 2023, accounting for approximately 20% of global primary uranium production.

Kyrgyzstan Plans to Reclaim All Uranium Tailings Dumps

Kyrgyz President Sadyr Japarov addressed the pressing issue of uranium waste during the People's Kurultai (national congress), emphasizing ongoing efforts to reclaim radioactive tailing dumps across the country. According to Japarov, many tailing dumps were constructed during the Soviet era along riverbanks and in headwaters used by local communities for domestic water supply. “We turned to Russia, as the legal successor of the USSR, for assistance. Rosatom allocated RUB 2.1 billion ($20 million). Work is now underway to relocate radioactive waste from hazardous areas to safer locations,” Japarov stated. Japarov highlighted the completion of uranium waste reclamation in Issyk-Kul Oblast, where nuclear waste had posed a threat to Lake Issyk-Kul. Without intervention, the region faced the risk of an ecological disaster. Efforts in Naryn region are also nearing completion, and attention will soon turn to tailing dumps in southern Kyrgyzstan. Local residents have noted that uranium mined in this area was used in the first Soviet atomic bomb. The tailing dump in Jalal-Abad region is particularly concerning due to its potential impact on neighboring Uzbekistan. Toxic waste from the site threatens the region’s ecology through contamination of a local river. Russian companies tasked with reclaiming five tailing dumps in Naryn and Jalal-Abad regions will be exempt from taxes, as previously reported by The Times of Central Asia. This collaboration is part of an agreement to address Kyrgyzstan’s most dangerous uranium waste sites​. According to Kyrgyzstan’s Ministry of Emergency Situations, the country is home to 92 burial sites containing toxic and radioactive materials.

Rosatom Exits Key Uranium Ventures in Kazakhstan Amid Strategic Shifts

Uranium One Group, a subsidiary of State Atomic Energy Corporation Rosatom. has announced its withdrawal from uranium projects in Kazakhstan. This decision coincides with Kazakhstan’s ongoing selection of operators for a consortium tasked with constructing the country’s first nuclear power plant. According to Kazatomprom (KAP), Uranium One Group has sold its 49.979% stake in the Zarechnoye joint venture to SNURDC Astana Mining Company Limited. The ultimate beneficiary of the acquiring party is China’s State Nuclear Uranium Resources Development Co., Ltd. Kazatomprom retains its 49.979% stake in the venture. The Zarechnoye joint venture, operational since its discovery in 1977, extracts uranium from the Zarechnoye deposit in Kazakhstan’s Turkestan region. As of early 2024, the deposit holds approximately 3,500 tons of uranium ore, with mining operations expected to conclude by 2028. In addition, Uranium One Group is set to divest its 30% stakes in the Khorasan-U and Kyzylkum joint ventures to China Uranium Development Company Limited, a subsidiary of China General Nuclear Power Corporation (CGN). The transaction awaits the completion of closing procedures. Kazatomprom’s share in these ventures remains unchanged, with 50% ownership in Khorasan-U and a 50% indirect interest in Kyzylkum. Khorasan-U operates in the Zhanakorgan district of the Kyzylorda region, mining uranium from the Khorasan-1 section of the North Khorasan deposit. This deposit contains reserves of approximately 33,000 tons of uranium as of 2024, with mining projected to continue until 2038. Meanwhile, Kyzylkum focuses on processing uranium from Khorasan-U but does not hold subsoil usage rights, restricting its activities to processing. Kazatomprom has prioritized replenishing its mineral resource base, recently securing four new licenses for uranium exploration. These areas are estimated to contain over 180,000 tons of uranium, which Kazatomprom plans to develop independently. In November 2023, Kazakhstan’s Ministry of Ecology and Natural Resources reported environmental violations at the Zarechnoye joint venture. Soil samples revealed excessive concentrations of sulfuric acid, prompting authorities to issue directives for remediation. Kazakh political analyst Daniyar Ashimbayev highlighted that Kazatomprom oversees 14 subsidiaries, including joint ventures with Japan, France, Russia, Kyrgyzstan, and China. These partnerships underscore Kazakhstan’s significant role in the global uranium market. China and Russia remain the largest importers of Kazakh uranium. From January to October 2023, Kazakhstan exported $2.46 billion worth of uranium, with $922.7 million going to China and $1.2 billion to Russia. Several nations are vying for inclusion in the consortium that will construct Kazakhstan’s first nuclear power plant. During a state visit to Kazakhstan, Russian President Vladimir Putin emphasized Rosatom’s advanced nuclear technologies. Valentina Matvienko, Speaker of Russia’s Federation Council, underscored Kazakhstan’s interest in Rosatom’s involvement. However, President Kassym-Jomart Tokayev has yet to finalize the decision. Kazakhstan’s Energy Minister, Almasadam Satkaliyev, has recently visited South Korea, France, and China to explore nuclear energy partnerships. Political analyst Gaziz Abishev affirmed this diplomatic outreach as a strategic effort to secure the most advantageous terms for Kazakhstan, ensuring that competing nations present their best proposals.