Kazakhstan's Kazatomprom to put Uranium One uranium deal to shareholder vote again

Kazakhstan's national company Kazatomprom will put a large deal with Russia's Uranium One company to a shareholder vote for a second time, Kapital.kz reports. The board of directors is revisiting the matter after technical amendments were made to the deal's terms.

The company said the proposed changes do not affect the essential terms of the deal. Its commercial and other terms remain unchanged, and the parameters comply with market conditions and current market trends. Absentee voting will run from 25 November to 9 December.

In August, Kazatomprom announced it had signed agreements with China's SNURDC and Russia's Uranium One Group for the supply of natural uranium. Prices, volumes and delivery schedules were not disclosed for confidentiality reasons. However, at the first vote in October, shareholders did not approve the contract with Uranium One JSC for supplying natural uranium in the form of U3O8.