USD/KZT 436.29 
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Russian-Kazakh joint nuclear facility

LONDON. July 12. KAZINFORM. Russia and Kazakhstan have agreed to spend up to $3 bln to set up an enrichment facility in Siberia to produce nuclear fuel. Mukhtar Dzhakishev, head of Kazatomprom, Kazakhstan's nuclear-fuel company, said the facility is scheduled to start producing nuclear fuel in 2011, according to Bloomberg news agency. He added that the facility will be built alongside a planned UN-backed enrichment center. Japan, Armenia and Ukraine have already expressed interest in joining the UN project. Dzhakishev said the Russian-Kazakh center will be able to produce five million single-work units, or SWU, of fuel a year, equal to about 10 percent of the current global capacity by 2013. Kazakhstan, currently the biggest uranium supplier in the former Soviet Union plans to overtake Canada and Australia in 2010 to become the world's biggest producer of uranium.


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