Kazatomprom secures license to explore 10,000-ton uranium block

Kazatomprom, the world’s largest uranium producer, has obtained a subsoil use license to explore the Kyzyltu block in the Kyzylorda region, reserves of which are estimated at around 10,000 tons of uranium.

Kazatomprom reported on the Astana International Exchange (AIX) that it had obtained the right to conduct exploration on the block under a six-year license.

The company plans to commence exploration work on the block in the near term.

«Obtaining the uranium exploration license for the Kyzyltu block represents another consistent step in implementing our strategy to expand the company’s mineral resource base,» Kazatomprom CEO Meirzhan Yussupov said.

According to Yussupov, Kazatomprom continues to explore promising areas to expand its resource base and implement its exploration program.