Eurasian Economic Union and Uranuim Deal between Kazakhstan and China

Eurasian Economic Union and Uranuim Deal between Kazakhstan and China

EcoLur

In the Pierce Points internet resource, which covers the problems of mining sector, author Dave Forest dedicated his material to uranium and the relationships between two big players in this sector - Kazakhstan and China (http://piercepoints.com/mining-investment-exploration-uranium-china-silk-road-kazakhstan/).

In 2015 CGN Mining  a listed subsidiary of China General Nuclear Power Corporation, signed up to take a minority stake in Kazakh uranium deposits.

“The deal also includes construction of a fuel assembly production plant. With the plan reportedly being to send the entirety of this fuel supply back to China’s nuclear reactor fleet.

And the deals didn’t stop at uranium. With Chinese companies also signing up Kazakh assets in the oil and gas space. 

That included China’s CEFC Energy agreeing to buy a 51% share in a subsidiary of Kazakh state oil and gas firm KazMunayGaz, which operates refineries and gas stations (as well as fertilizer plants) across Europe. 

China National Chemical Engineering also agreed to construct a natural gas-fueled chemical complex in Kazakhstan.

Overall, this string of deals was said to be worth $4 billion. With sources from the Chinese companies involved saying part of the funding for the ventures will come from China’s recently-created $40 billion Silk Road infrastructure fund,” says Dave Forest’s material.

It’s interesting whether the EAEU partners of Kazakhstan have assessed this transaction of the year, as the Western observers call it? Whether Russia has responded to the uranium transaction and what’s its role in this game? Whether this program is of interest to Armenia as a country where Russia opened a joint uranium program in 2008? And, in general, whether there is level of agreement for the global transactions with their partners in the frames of EAEU?

16:20 July 13, 2016


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