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Analysis: China to develop Kazakh uranium
Washington (UPI) Dec 5, 2008 - In the new great game for the Caspian's hydrocarbon riches, one of the new petro-states, Kazakhstan, is seeking to diversify its energy exports by increasing its uranium exports. Western investors have focused on the country's massive oil and natural gas reserves -- hardly surprising in light of the fact that Kazakhstan has the world's second-largest proven uranium reserves after Australia, estimated at 15 percent of the world's uranium deposits. According to Kazakh geologists, the country's reserves stand at an impressive estimated 1.5 million tons. Kazakhstan's resources are dwarfed by Australia, which has the world's largest known recoverable resources of uranium, estimated by the World Nuclear Association at 23 percent, but Kazakhstan's reserves are half again as large as Russian reserves, estimated at 10 percent.
Dec 5, 2008