Bloomberg News

Cameco-Kazatomprom Venture Seeks Uranium Boost, IFX Says

April 19, 2012

Inkai, a joint venture between Canada’s Cameco Corp. (CCO) and Kazakhstan’s state-run miner Kazatomprom, is seeking the Kazakh government’s approval by the end of this year to boost uranium output by 33 percent, Interfax reported.

Inkai wants authorization to increase production from 1,500 metric tons to 2,000 tons, David Neuburger, Cameco’s vice president of international mining, said at a conference in Astana, the Kazakh capital, according to the Interfax report.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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