KazAtomProm and Centrus Energy Corp have signed a memorandum of cooperation that "specifies the development of mutually beneficial relations on competitive supplies of Kazakhstan's uranium to the world market", the Kazakh state-run company said today.

KazAtomProm says it plans to follow the example of other major uranium mining companies and create a trading subsidiary. The world's biggest uranium producer announced the plan as part of its "transformation" strategy.

 Kazakhstan became the leading supplier of uranium to US nuclear power plants in 2014, overtaking Australia, according to the US Energy Information Administration (EIA). Of the uranium purchased by US reactor owners and operators, 23% was of Kazakh origin, while 20% came from Australia and 18% from Canada.

Kazakhstan and China have agreed to the procurement of temporary storage services of natural uranium concentrates in China and transit through China to the western ports of the USA and Canada.

The International Atomic Energy Agency (IAEA) and Kazakhstan today signed an agreement to set up a low-enriched uranium fuel 'bank' in Oskemen, Kazakhstan.

Kazakh uranium mining company KazAtomProm has signed a contract with India's Department of Atomic Energy to supply 5000 tonnes of uranium over the next four years.

The International Atomic Energy Agency is considering the option of China as a transit route for low-enriched uranium to the planned international fuel bank in Kazakhstan, a Kazakh government official has told local journalists.

The International Atomic Energy Agency (IAEA) Board of Governors has approved two agreements enabling the agency to move to full-scale implementation of its proposed low-enriched uranium (LEU) 'fuel bank' in Kazakhstan.

International Atomic Energy Agency (IAEA) director general Yukiya Amano highlighted a major report on the Fukushima nuclear accident and agreements paving the way for a low-enriched uranium (LEU) 'fuel bank' in his introductory statement to the IAEA's Board of Governors yesterday.

The government of Kazakhstan has approved a draft agreement with the International Atomic Energy Agency (IAEA) on establishing a low-enriched uranium 'fuel bank' in Kazakhstan.

Askar Zhumagaliyev, Kazakhstan's former deputy minister for investment and development, has been appointed the new chief executive officer of the country's uranium mining company KazAtomProm.

Nurlan Kapparov, the chief executive officer of Kazatomprom, passed away unexpectedly yesterday. Kapparov, who was 44, suffered a heart attack during a working visit to China, the Kazakh uranium mining company said today.