Cameco seeks to increase production in Kazakhstan.

By bne IntelliNews April 23, 2012
Cameco which is a partner of Kazatomprom in Inkai joint venture is seeking to increase production. The Canadian company hopes that the Kazakh authorities will give a green light to increase output from 1,500 tons to 2,000 tons. Cameco and Kazatomprom signed memorandum on growth in production but the authorities did not issue the approval. Inkai develops uranium deposit in southern Kazakhstan. Cameco holds a 60% stake and Kazatomprom 40% stake in the joint venture.
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