Kazakhstan and France intend to begin development of a uranium deposit in South Tortkuduk

The work will be carried out by a joint venture, which includes Kazatomprom (49%), KATCO and Orano Mining (51%).The Kazakh-French joint venture is going to begin uranium mining by the end of 2023, inbusiness.kz reports with reference to trend.az.According to the head of the company's press service, Gwenael Thomas, the agreement on this is reflected in the amendment made to the existing subsoil use contract in August 2022. Development of this new site should guarantee KATCO production for approximately 15 years.The head of the company's press service also touched upon other agreements reached between Kazakhstan and Orano.“In November 2022, Orano and Kazatomprom signed a memorandum of cooperation as part of the visit of the President of Kazakhstan Kassym-Jomart Tokayev to France. Through this memorandum, Orano and Kazatomprom declare their intention to maintain and strengthen cooperation in the uranium mining industry, building on their existing successful partnership