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Kazatomprom to sell subsidiary stake for US$435M

Kazatomprom, the world’s largest uranium producer, has agreed to sell a 49% stake in its subsidiary Ortalyk LLP to China’s national nuclear power operator (CGNPC) for US$435 million.

Kazatomprom to sell subsidiary stake for US$435M Kazatomprom to sell subsidiary stake for US$435M Kazatomprom to sell subsidiary stake for US$435M Kazatomprom to sell subsidiary stake for US$435M Kazatomprom to sell subsidiary stake for US$435M

Ortalyk controls the Central Mynkuduk and Zhalpak uranium deposits in Kazakhstan

Ortalyk controls two uranium assets in Kazakhstan, one producing and one yet to come online.