Kazakhstan’s national atomic company Kazatomprom and Canada-based uranium mining and fuel services company Cameco have resumed operations of their joint venture, JV Inkai.
Kazatomprom holds a 60% stake in JV Inkai, and Cameco holds the remaining 40% interest.
Earlier this month, Kazatomprom and Cameco temporarily halted the production activity at block 1 of the Inkai deposit, located in southern Kazakhstan.
The operations were disrupted due to a lack of necessary approvals from the state authorities and delayed submission of the corresponding documentation.
Kazatomprom, in a statement, said: “As of the publication date of this report, JV Inkai LLP has resolved the approval issue and has resumed its mining operations at block No. 1 of Inkai deposit.
“Potential impact of JV Inkai’s production suspension on Kazatomprom’s 2025 production plans is currently being assessed.”
The suspension was required to stay compliant with Kazakhstan’s law after the company failed to obtain certain approvals from state authorities by 30 December 224.
Cameco did not expect the suspension, as the company was informed that JV Inkai had not received an extension for the submission of certain documentation.
Kazatomprom said it was working with JV Inkai to assess the impact of the production suspension on its plans for 2025.
It is committed to fulfilling contractual obligations towards all existing customers and holds adequate inventory to manage its deliveries throughout 2025, said the Kazakh company.
