Kazakhstan can supply nuclear power plants with uranium for decades, according to Gumar Sergazin, deputy chairman of Kazakhstan’s Agency for Atomic Energy.
The country currently boasts about 1 million tons of natural uranium reserves, Sergazin reported at a recent Senate briefing.
«Our uranium reserves will last for more than 60 years,» he added.
He also noted that several areas, where reserves have not yet been explored, remain.
In parallel with maintaining substantial reserves, Kazakhstan is also negotiating with Finland for uranium supplies to support two nuclear power plants currently under construction there. Finland will purchase the nuclear fuel once an agreement is reached.
Notably, Meirzhan Yussupov, CEO of Kazakhstan’s uranium giant Kazatomprom, previously warned of a global structural uranium shortage by 2030, attributing it to the accelerated construction of nuclear plants. In contrast, his deputy, Marat Tulebaev, projects that such a deficit will not arise until mid-2035.
