Increase of uranium supplies

1 February 2003

Kazakhstan plans to increase supplies of uranium to world markets, according to energy and mineral resources minister Vladimir Shkolnik. Presenting a draft programme on the development of the fuel and energy industry in 2003-2015, Shkolnik said Kazakhstan would invest $293 million in uranium production during this period. Investment will total $32.1 million in 2002, $85 million in 2003, $101 million in 2004-2006 and another $107 million by 2015. Kazakhstan has about 21% of the world's proven uranium reserves.

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