Starting from October 1TH, NAC Kazatomprom CJSC in cooperation with foreign partners is launching a large-scale project on developing of Zarechnoe uranium field

/IRBIS, September 26, 03/ - NAC Kazatomprom CJSC (Almaty), whose bonds are circulating under official "A" listing category of Kazakhstan Stock Exchange (KASE), spread a press release which informs that official ceremony of launching large-scale activities on realization of joint project at Zarechnoe field, which is located in Southern Kazakhstan oblast, will be held on October1, 2003 in Shymkent (Kazakhstan). For realization of the project Zarechnoe, Kazakhstani-Russian-Kyrgyzian Joint Venture with foreign investments was created and officially registered on December 29, 2001. It was originated with the purpose of developing mutually beneficial scientific-technical and trade-economical collaboration between the Republic of Kazakhstan, the Russian Federation and Kyrgyz Republic in uranium prospecting, exploitation, developing and extracting fields. The shares of JV Zarechnoe CJSC was distrubited as following: NAC Kazatomprom CJSC - 45%, Atomredmetzoloto OJSC - 45%, Kara baltinskii gorno-rudnyi combinat OJCS - 10%. According to the plan kazakhstani uranium extracted at Zarechnoe field will be processed at Kara-Baltinskii combinat, and be consumed in Russia. Today, estimated deposits at Zarechnoe field comprise 19 th tones of uranium. [2003-09-26]