Agreements on cooperation in uranium production and nuclear energy have been signed during of meeting of the prime ministers of China and Kazakhstan. The agreements follow the signing of memoranda in September 2007.
China’s prime minister, Wen Jiabao, met with the prime minister of Kazakhstan, Karim Masimov, in Astana recently. Among the documents signed was an agreement on cooperation between state-owned KazAtomProm and China Guangdong Nuclear Power Co (CGNPC) on the joint development of uranium resources, production of nuclear fuel, the long-term trade of natural uranium, nuclear power generation and the construction of nuclear power plants. Another agreement signed, between KazAtomProm and China National Nuclear Corp (CNNC), focuses on the implementation of long-term nuclear cooperation projects.
Memoranda were signed in Beijing in September 2007 that would see a large portion of China’s uranium fuel needs met by Kazakhstan. They stipulated that uranium extracted by joint ventures would be delivered as ‘high value added’ products. Those documents formed a Framework Agreement for Pushing Forward of Strategic Cooperation, according to a Kazatomprom announcement. They laid the groundwork for future joint venture projects to extract Kazakh uranium from the ground and for KazAtomProm to invest in the Chinese nuclear power industry.