Kazakhstan in the person of NAC Kazatomprom finally won anti damping investigation about uranium
/IRBIS, July 18, 02/ - National atomic company Kazatomprom CJSC
(NAC Kazatomprom, Almaty), whose bonds are traded in Kazakhstan stock
exchange's (KASE) trade lists under "A" category, informed KASE
Kazakhstan in the person of NAC Kazatomprom won the trial on antidumping
investigation with American corporation USEC, and as the result of this, all
restrictions for trading with Kazakhstan uranium in the UAS have been
It is said in the press-release that in 1991 the Government of the USA, being
beware that mass sales of cheap uranium by CIS countries will cause the
loss of control over the market, and, protecting interests of uranium
Producers in the USA, began antidumping investigation. Within the period of
the investigation (since November of 1991) import of uranium from the
countries of former USSR to the territory of the USA was entirely prohibited.
After the USSR break-up antidumping sanctions were automatically were
extended to all CIS countries. In 1992 countries of European Union also
joined the system of sanctions. These measures were the system of quotes
and setting of special prices (including prices for services isotopic
enrichment), which were in the average (since 1991 till 2000) lower by 20%
than world prices.
In October of 1992 the Government of Kazakhstan and US Department of
Commerce "The agreement about interruption of antidumping investigation
on uranium from Kazakhstan", that allowed to supply uranium to US market
at free prices and quotes determined by the Agreement. Terms of deliveries
were reexamined several times by US Government, quotes were changed
from 1.2 to 1.65 thousand tons. In 1998 in accordance with the fact that
world prices for uranium fell below the prices fixed in the agreement of 1995
($12 per pound UO2 or $29.4 per kilogram), quotation of export of
Kazakhstan uranium was interrupted.
In November of 1998 The US Department of Commerce resumed the
antidumping investigation, and as a result of it, in July of 1999 it was
decided that Kazakhstan uranium sales do not bring harm to economics of the
USA. All restrictions for Kazakhstan uranium import were removed, but since
December of 1999 producers of the USA solicited the Department of
Commerce two times in order to resume the trial. The both times NAC
Kazatomprom won the case in the Court of International Trade of the USA.
In May of 2001 US uranium Producers appealed to appellate court. By today,
the antidumping process has come to the end.